Japanese Heavyweights Invest in Temasek Affiliate Startup Fund

Posted on 12/08/2019

Japanese banking giant Sumitomo Mitsui Banking Corporation (SMBC) and trading conglomerate Marubeni Corporation are investing a combined $70 million in a new fund that aims to foster technology startups in Asia. Japanese financial firms are continually seeking to partner with ventures strong in artificial intelligence (AI) and the internet of things, the fund’s targets will […]

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