UOB

Legend Capital Led a New Round of Investment of Etana

Tuesday, September 14, 2021 - 12:42am

HONG KONG, Sept 14, 2021 - (ACN Newswire) - Legend Capital led a new round of investment of PT Etana Biotechnologies Indonesia (Etana), along with Innovent Biologics, Inc. (Innovent) (HKEX: 01801), and a consortium led by UOB Venture Management (UOBVM).

Key Points: 
  • HONG KONG, Sept 14, 2021 - (ACN Newswire) - Legend Capital led a new round of investment of PT Etana Biotechnologies Indonesia (Etana), along with Innovent Biologics, Inc. (Innovent) (HKEX: 01801), and a consortium led by UOB Venture Management (UOBVM).
  • Hong Tan, Managing Director of Legend Capital, said "We appreciate Etana's vision to provide Indonesia with cost-effective biopharmaceuticals.
  • Legend Capital is an independent professional venture capital company under Legend Holdings.
  • Its core business is positioned at the initial stage of venture capital and expansion stage growth investment.

Temasek-founded Aicadium acquires Singapore AI firm BasisAI

Tuesday, August 31, 2021 - 3:00am

SINGAPORE, Aug. 30, 2021 /PRNewswire/ -- Aicadium , a global technology company founded by Temasek and dedicated to creating and scaling AI solutions, today announced the acquisition of BasisAI , a Singapore-based provider of scalable and responsible artificial intelligence (AI) software.

Key Points: 
  • SINGAPORE, Aug. 30, 2021 /PRNewswire/ -- Aicadium , a global technology company founded by Temasek and dedicated to creating and scaling AI solutions, today announced the acquisition of BasisAI , a Singapore-based provider of scalable and responsible artificial intelligence (AI) software.
  • In 2019, BasisAI raised S$8.2 million (US$6 million) in seed funding from Temasek, a Singapore-headquartered global investment firm, and Sequoia India.
  • We are excited to be joining forces with Aicadium to augment our strength in building responsible AI systems," said Mr. Liu Feng-Yuan, Co-founder and Chief Executive Officer of BasisAI, who will assume an executive leadership position at Aicadium together with fellow BasisAI Co-founderLinus Lee.
  • "BasisAI shares Aicadium's determination to deliver AI solutions that are responsibly and ethically designed, developed, and deployed," said Dr. Michael Zeller, Head of AI Strategy & Solutions at Temasek.