A Singapore-founded company, PatSnap, last week joined the ranks of global technology unicorns when it raised US$300 million (S$404 million) in its latest funding round.
A unicorn is a term used in the technology investment circle to refer to companies with a valuation of US$1 billion or more. With the fresh funding round, PatSnap's valuation now tops that magic number, with tech investment giants SoftBank Vision Fund 2 and Tencent Investment among those backing the company.
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