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Unity Technologies raises $400 million

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After raising a round of $181 million in 2016, Unity Technologies, whose software tools are at the heart of Pokémon Go and other video games, announced that it had raised $400 million in a new funding round led by Silver Lake. The deal valued the company at a whopping $2.8 billion. So why is Unity Technologies attracting so much funding? Unity is one of the fastest growing game engine developers in the world today. According to the company, more than 30% of the current 1,000 top-grossing free mobile games were built with Unity software. The company boasts other impressive metrics including having 5 billion game downloads in the third quarter of 2016. Unity has also become one of the most popular platforms for creating VR worlds for both mobile and PC devices. Unity’s dominance in the VR space is one of the reasons why investors are bullish on the company.

Softbank invests $1.4 billion in Paytm

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After suffering a $350-million loss on its investments in Indian startups Snapdeal and Ola, Softbank, Japan’s telecom and internet giant, remains undeterred. Last week, the company announced it has invested $1.4 billion in Paytm, India’s leading digital payments and commerce company. The funding round values Paytm at $9 billion. The investment was made through Paytm’s parent company One97 Communications. According to analysts, the investment will reinforce Softbank’s status as a lead investor in India’s robust ecommerce ecosystem. For Paytm, the funding will help the company expand its user base by providing consumers with digital access to a wider array of financial services.

Apple acquires Lattice Data

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Last week, Apple confirmed that it acquired Lattice Data for a rumoured price tag of $200 million. Lattice Data specialises in turning “dark” or unstructured data into structured data. According to TechCrunch, around 80% of data produced by the digital world is “dark” and can’t be used for processing and analytics. Lattice Data uses artificial intelligence to make sense of unorganized data and make it usable. For Apple, analysts predict that the tech giant may use Lattice Data’s know-how to enhance Siri so that the AI assistant can provide more meaningful answers, handle more commands and improve its overall ability to compete better with the likes of Google App, Microsoft’s Cortana and Samsung’s S Voice.

Indonesia’s Go-Jek raises $1.2 billion from Tencent

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Fresh from its $550 million funding round last year from investors such as KKR, Warburg Pincus, Farallon Capital, and Capital Group Private Markets, Go-Jek, Indonesia’s answer to Uber and Grab, has recently closed a new round of $1.2 billion led by Chinese internet leader, Tencent. At a $3 billion post-money valuation, Go-Jek is one of Asia’s fast-rising unicorns. According to sources, Go-Jek has been beating Uber in Indonesia since day one. By offering scooters instead of cars, Go-Jek has cautiously avoided a direct collision with the more established taxi industry. Being homegrown also gave the company the advantage of having a deeper understanding of the local market and easily attracted scooter owners to its platform. The company has since expanded into cars with its GoCar and today boasts of having over 200,000 drivers all across the country. The company plans to use its new funds to strengthen its Indonesian operations and hopefully dominate the country’s thriving ride-sharing market which is predicted to be worth $5.6 billion by 2025.