Basis Technologies Pte Ltd, an AI-focused start-up founded by the former head of data science at Twitter Asia Pacific, the former head of data science at Uber and Dropbox, and the former director of data science and AI at Singapore’s GovTech, completed its Series A financing with Singapore’s sovereign wealth fund Temasek, and Sequoia India.

This was one of the very first deals to be negotiated and completed utilizing the Venture Capital Investment Model Agreements (VIMA) which were released by the Singapore Venture Capital and Private Equity Association (SVCA) in October 2018.

AEI lawyers Andrea Chee & Cheryl Yang advised Basis Technologies.