TOKYO -- PatSnap, a Singapore developer of software that helps companies analyze patent information, said on Wednesday it raised $300 million from a group of investors led by SoftBank Group's Vision Fund 2 and Tencent.
The funding round put PatSnap's valuation at more than $1 billion, vaulting it to unicorn status, according to its founder and CEO Jeffrey Tiong. CPE Industrial Fund and existing investors Sequoia China, Shun Wei Capital and Vertex Ventures also participated in the round.
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