Singapore image recognition player Trax raises $19.5m in round led by Investec Bank

Joel Bar-El, CEO, Trax and Dror Feldheim, CCO, Trax

Israeli-developed and Singapore-based company retail image recognition platform Trax Image Recognition has completed another round of funding of $19.5 million. This comes following a $40 million Series C raised in June 2016.

With this latest round of funding which was led by global specialist banking group Investec Bank, the company’s total funding till date has reached $97.5 million since it was founded in 2010.

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