Blockchain Allocator SBI Holdings Invest $15M in AntWorks to Expand Asia Presence
Cryptovest
Published Aug 04, 2018 04:31AM ET
Updated Aug 04, 2018 05:40AM ET
Blockchain Allocator SBI Holdings Invest $15M in AntWorks to Expand Asia Presence
SBI Investments, a subsidiary of SBI Holdings of Japan, has invested $15 million to artificial intelligence (AI) startup AntWorks of Singapore as it signals its expansion in the Asian financial technology (fintech) market.
In a press statement, AntWorks said its Series A funding would fund their next level of growth in artificial intelligence and enterprise (RPA), fortify their sales and marketing engine, drive research and Development, and boost their venture into newer markets.
Asheesh Mehra, founder and group CEO of AntWorks commented:
“When Govind Sandhu and I started AntWorks with a small, passionate group of people, the dream was to create a company that would serve as a catalyst for enterprises on their digitization journey. SBI Holdings reposing this faith in us with both the investment and the joint venture is validation and an opportunity to grow and come into what we have a...
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