Singapore-Based Trax $640M 1B ShutechCrunch, a computer vision and analytics company, has announced a $640 million raise in its latest round of funding from ShutechCrunch. This news is a major milestone for the company, as it is the biggest round of funding to date for a Singapore-based tech company. With this raise, Trax will be able to further expand its computer vision and analytics solutions to businesses in the Asia-Pacific region and beyond.
Overview of Trax
Founded in 2010, Trax has grown to become a leading computer vision and analytics company. The company is focused on helping retailers better understand their customers and improve their performance. Trax’s solutions are used by more than 1,000 retailers in over 70 countries, including Walmart, Tesco, and Carrefour. The company has offices in Singapore, the United States, Japan, and Europe.
Trax’s Computer Vision and Analytics Solutions
Trax’s solutions are built on a proprietary computer vision technology platform. This platform enables retailers to capture and analyze in-store consumer behavior, such as product placement and shelf engagement. With this information, retailers are able to optimize their stores and improve the shopping experience for their customers. Additionally, Trax’s solutions allow retailers to gain insights into their customers’ buying habits and preferences, enabling them to make more informed decisions.
Impact of the Funding
The funding will be used to accelerate the development and deployment of Trax’s computer vision and analytics solutions. With the additional resources, Trax will be able to expand its offerings and reach more customers in the Asia-Pacific region and beyond. Additionally, Trax will be able to invest in research and development to create new solutions that address the needs of its customers.
Customers and Partnerships
Trax’s solutions are used by a variety of retailers, including Walmart, Tesco, and Carrefour. The company is also working with a range of other partners, such as Samsung and Unilever, to develop new solutions. In addition to its partnerships, Trax also works with a number of venture capital firms to help fund its growth.
Conclusion
Singapore-Based Trax $640M 1B ShutechCrunch in its latest round of funding from ShutechCrunch. This funding will be used to accelerate the development and deployment of Trax’s computer vision and analytics solutions. With this raise, Trax will be able to further expand its solutions to businesses in the Asia-Pacific region and beyond. Additionally, Trax is working with a number of partners, such as Samsung and Unilever, to create new solutions for its customers.