Trax, a Singaporean retail-focused computer vision and analytics startup, has raised $100 million in Series D round, bringing total financing raised to date to over $350 million.
Led by alternative asset manager HOPU Investments, the funding round also saw participation from existing investors.
Trax, which has been valued at about $1.3 billion after the latest round, intends to use the new capital to drive its global expansion and accelerate the mass-market deployment of its retail solutions.
Furthermore, the startup noted that the latest funds will enable it to strengthen its foothold in China and also finance its acquisitions.