Rakuten Ventures, the corporate venturing unit of Japanese electronic commerce and Internet company, Rakuten, has led and invested in a $3.5 m series round of funding that will accelerate R&D activities with strategic partner ViSenze, an online visual search technology company.
Rakuten Ventures has led and invested alongside new investors Walden International and UOB Venture Management in a series A round of funding worth $3.5m, closed in February. The target company is ViSenze, an online visual search spin-out company from National University of Singapore. The investment comes within 7months of the company’s first announcement of its collaboration with Rakuten Taiwan.
Funding was raised to accelerate R&D activities and to fuel rapid international expansion.
The company has developed software tools that provide…
