By Yuvraj Malik
The investment from Cisco Investments, the corporate venture arm of the US-based firm, comes a month after the firm invested in Stellaris Ventures Partners.
Other Singapore AI startups to recently raise funding include Active.Ai and Taiger.
The round was led by Accel and joined by CapitalG, Kleiner Perkins Caufield & Byers, Earlybird’s Digital East Fund, Credo Ventures, and Seedcamp.
Nucleai is currently developing an artificial intelligence-based system that assists pathologists in the diagnosis of diseases like cancer in a more efficient manner.
Sequoia had first invested an undisclosed amount in the Finova’s Series A round in late 2017.
Xingyuan Automotive has raised $79 million in a Series A round of funding led by Qiangwei Holdings, and Guoxing Fund.
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.
The new fund will target startups in automotive-related technologies such as autonomous driving, zero-emission and connected vehicle.
This makes it the largest single investment made by ADIF among its 14 portfolio companies to date.