Meet the latest unicorn from SG that has not had a single client in the city-state

Singapore-headquartered Trax recently emerged as the region’s latest unicorn after a $125-million funding round led by China’s Boyu Capital. The company, which provides computer vision solutions for retail, had last year secured funding from Warburg Pincus.

And to think of it, it all began with a chance meeting between its two co-founders, Joel Bar-El and Dror Feldheim, at a kindergarten in Singapore attended by their daughters. And the rest, as the cliché goes, is history.

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