Tech Giants ProfilePrint & Line Next Secure Millions for Expansion
Singapore-based tech company ProfilePrint has raised funds for global expansion in the food and agricultural sector. Meanwhile, Line Next Corporation has secured USD 140 million for its Web3 ecosystem plans. Other notable deals include Mist's AUD 1.6 million raise for an online banking app and Haier Smart Home's acquisition of Carrier Commercial Refrigeration for USD 640 million.
ProfilePrint, using its AI-powered technology to assess ingredient quality at scale, has completed a Series B funding round led by Tai Partners. The company plans to use the raised capital to expand its footprint within the food and agricultural sector globally. Its tool, Verify, enables clients to send digitized sample reports through its platform for instant viewing and approval.
Line Next Corporation has secured USD 140 million from a consortium led by Crescendo Equity Partners. The company plans to use the funds for global business expansion and developing new services for the Web3 ecosystem.
Mist, a Sydney-based startup, has raised AUD 1.6 million to launch an online banking and services app for international students and migrants. The app aims to provide tailored financial services to this underserved market.
Haier Smart Home has agreed to acquire Carrier Commercial Refrigeration for approximately USD 640 million. This acquisition will strengthen Haier's position in the commercial refrigeration market.
PNC Bank has exited stealth mode after securing USD 5.2 million in funding and receiving a digital banking license from Georgia. The bank aims to provide innovative banking services to its customers.
US Bank has invested USD 20 million in Validus, a supply chain financing platform serving SMEs in Southeast Asia. This investment will support Validus' growth and expansion in the region.
These investments and acquisitions reflect the growing interest in technology-driven solutions across various sectors. From AI-powered food quality assessment to online banking for international students, these innovations aim to improve efficiency and accessibility. Meanwhile, the expansion of Line Next and Haier's acquisitions indicate the ongoing growth and consolidation in the tech and appliance industries.
Read also:
- Executive from significant German automobile corporation advocates for a truthful assessment of transition toward electric vehicles
- Crisis in a neighboring nation: immediate cheese withdrawal at Rewe & Co, resulting in two fatalities.
- Financial Aid Initiatives for Ukraine Through ERA Loans
- Diagnosing Male Fertility Issues: A Guide to Understanding Male Fertility Evaluations
