By Juliet Shwe Gaung
The funding comes at a time when the startup launched nreal light, an augmented reality spectacle that resembles a smart glass.
Pixibo is driven by an AI technology it calls Pi, which helps customers find and predict the most suited and most-liked items of clothing.
RHL Ventures had earlier participated in the Malaysian startup’s $1-million seed round, along with Spiral Ventures and Cradle Seed Ventures, in May 2018.
InnoVen India had invested over Rs 600 crore across 36 companies in 2018, a 28% YOY increase, and will be investing Rs 100 crore through six deals soon.
360 Enterprise Security is a spin-off from Qihoo 360, China’s largest internet security firm.
The VC firm’s third fund follows the $100-million-plus extension fund closed in 2016.
AI technology has matured in recent years, as more companies have started using predictive algorithms and other automated techniques across myriad disciplines.
The VC firm has made five investments from the second fund after holding a first close in July 2018.
B2B startups also have other sectoral tailwinds, such as realistic valuations, faster exit routes for investors and a focus on intellectual property (IP).
The online coding school is said to be valued at $150 million after the Bedrock Capital-led financing.