By Ardi Wirdana
ELSA is a mobile app that uses artificial intelligence and speech recognition technology to help learners improve their English pronunciation.
Electrify claims to have received pledges of over $1.3 billion.
Other Singapore AI startups to recently raise funding include Active.Ai and Taiger.
Ion Investments is selling part of its stake in South Korean pharmaceutical company Celltrion and distributor Celltrion Healthcare.
The funding will be used to drive expansion for the chat app across Asia
The funding round saw additional investment from Asia Investment Fund of Sushquehanna International Group, IFC, InnoVen Capital, and Jungle Ventures
Early investors Accel Partners and Saama Capital also invested in the round.
Funded by investors including casino operator Genting, TauRx Pharmaceuticals is embarking on its latest trial to find a cure for Alzheimer’s.
Tribe Theory says it aims to fulfil the need for connectivity and affordable accommodation for entrepreneurs by creating a new category in hospitality.
Microsoft will purchase 100% of the electricity generated from Sunseap’s 60 MW-peak solar power project for 20 years for its Singapore data operations.