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The Legal Dispatch Room

Environment intelligence provider Komunidad raises financing from Wavemaker and Asian Development Bank
 

Congratulations to Komunidad, Wavemaker Partners and Asian Development Bank (ADB).

AEI Legal is proud to have supported this deal. Komunidad is an environment intelligence service provider that helps businesses plan for safety, operational efficiency and business continuity during natural disasters. This is a platform both timely and meaningful, in light of the rapid and intensifying effects of climate change.

Read more on Techcrunch:

https://techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2021/10/03/komunidad-a-philippines-based-environmental-intelligence-platform-lands-seed-round/amp/

 
Temasek's Aicadium acquires Basis AI
 

AEI Legal advised the founders of BasisAI (now Aicadium) in the acquisition by Temasek’s Aicadium. Aicadium was founded by Temasek to create and scale AI solutions as a global centre of excellence, leveraging data scientists, engineers and a platform of AI algorithms. BasisAI provides scalable and responsible AI solutions via Bedrock, its end-to-end machine learning platform, and has deployed solutions for Singapore Airlines, ComfortDelgro, DBS, UOB and OCBC.

Congratulations again to Feng-Yuan Liu, Linus Lee and Silvanus Lee on the exit.

Read more:
https://www.businesstimes.com.sg/garage/temaseks-aicadium-acquires-local-startup-basisai

 
DealsAndrea Cheem&a, tech, founder exit