<article><p>Gobi Partners has made an additional investment in UK augmented reality startup WaveOptics while Singapore-headquartered Aquaculture startup Umitron Pte Ltd has raised $2 million in a funding round from IDB Lab.</p></article>

<p>Gobi Partners has made an additional investment in UK augmented reality startup WaveOptics while Singapore-headquartered Aquaculture startup Umitron Pte Ltd has raised $2 million in a funding round from IDB Lab.</p>
<h3><strong>Return backer Gobi Partners joins pre-Series C round of WaveOptics</strong></h3>
<p>Gobi Partners has made an additional investment in UK augmented reality startup WaveOptics, as part of the latter&#8217;s $26-million pre-Series C round. The round is led by Octopus Ventures with participation from IP Group, Robert Bosch Venture Capital, Goertek and Optimas Capital Partners.</p>
<p>According to Crunchbase, Gobi last participated in WaveOptics&#8217; $25.3-million (£20 million) Series B round in July 2017. According to WaveOptics, this first stage of investment is the largest AR hardware fundraise in Europe this year.</p>
<p>The capital raised will be used to scale business operations nationally and internationally. WaveOptics is also building a large volume manufacturing supply chain to meet growing demand from Asia and the US. The AR startup has plans to open a new Beijing office in 2019, and will invest in its overseas infrastructure in recently opened offices in Los Angeles and Taipei.</p>
<h3>AI-led aquaculture firm Umitron gest $2m funding from IDB Lab</h3>
<p>Singapore-headquartered Aquaculture startup Umitron Pte Ltd has raised $2 million in a funding round from IDB Lab, the innovation laboratory of the Inter-American Development Bank Group (IDB) Group, to boost its productivity in Lake Titicaca, Peru.</p>
<p>Umitron will collaborate with its subsidiary, Piscis (Piscifactorias de los Andes), a rainbow trout producer in Lake Titicaca, and Abaco (Cooperativa de Ahorro y Crédito), that lends to farmers and the underserved, for the project.</p>
<p>Established in 2016, Umitron, which also has a presence in Japan, uses IoT, AI and satellite remote sensing to improve aquaculture operations. With the technology, farmers can remotely work, feed and reduce the chances of overfeeding.</p>
<p>The funding is aimed to improve the economic and environment sustainability of the local trout farming.</p>
<p>Prior to the latest funding round, Umitron raised S$15.2 million ($11 million) as a seed investment from investors including the Japanese government-backed Innovation Network Corporation of Japan, Japanese venture capital firm Design for Ventures (D4V) and SPARX Capital’s Mirai Creation Fund.</p>
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Gobi Partners has made an additional investment in UK augmented reality startup WaveOptics while Singapore-headquartered Aquaculture startup Umitron Pte Ltd has raised $2 million in a funding round from IDB Lab. 

SG Digest: Gobi Partners re-invests in WaveOptics; Umitron gets funding

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SG Digest: Gobi Partners re-invests in WaveOptics; Umitron gets funding

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