Singapore-based Envision Digital raises $210m led by Sequoia China

SINGAPORE, June 7 (Reuters) – Singapore-headquartered Envision Digital, a provider of artificial intelligence software and internet technologies, has raised $210 million, led by venture capital firm Sequoia China and backed by the Singaporean sovereign wealth fund GIC.

In a statement on Tuesday, Envision Digital, part of Chinese renewable energy company Envision Group, said the Series A funding would allow it to expand operations and fund additional research and development.

“We are confident in Envision Digital’s long-term growth potential,” Choo Yong Cheen, chief investment officer of private equity at GIC, said in the statement.

Envision Digital said its proprietary technology operating system connects and manages more than 200 million smart devices and 400 gigawatts of energy assets worldwide.

It employs over 900 staff and has 13 offices in Britain, France, China, the United States and elsewhere. Envision Digital’s more than 500 customers and partners span the retail, industrial, energy and transportation sectors.

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Reporting by Anshuman Daga; Editing by Stephen Coates

Our standards: The Thomson Reuters Trust Principles.

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