Temasek receives US$70M new fund from Japan’s Marubeni, SMBC, to back more Asian AI startups

Japan’s Sumitomo Mitsui Banking Corp. and trading house Marubeni invested a total of US$70 million in a new fund launched by state-owned Singaporean investment group Temasek’s venture capital arm Vertex Venture Holdings, Nikkei Asian Review has reported. Marubeni is investing US$50 million in the fund, and SMBC US$20 million. They join previously pledged Japanese investors […] The post Temasek receives US$70M new fund from Japan’s Marubeni, SMBC, to back more Asian AI startups appeared first on e27.