UK-based development finance institution CDC Group led a $20 million funding round for iMerit, a firm that helps train artificial intelligence (AI) processes.
Founded in 2012, iMerit is a data enrichment company that annotates data used by AI, machine learning and neuro-linguistic processing algorithms. It employs more than 3,000 people in the US, Bhutan and...
New Horizon Health, a China-based manufacturer of cancer testing kits for use at home, has raised $30 million in a Series E round of funding led by Rock Springs Capital.
Shanghai-based Yingke Private Equity has closed its latest renminbi-denominated fund with commitments of RMB2 billion ($286 million), primarily from insurers and other financial institutions.
Google will launch a INR750 billion ($10 billion) fund to make equity, operational, infrastructure and ecosystem investments that seek to increase the pace of digitization in India.
Asia private equity fundraising rebounded from a seven-year low in the first quarter of the year to reach $24 billion for April through June, but commitments were concentrated on a handful of managers.