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Singapore's Cosmose AI raises funds; valuation jumps to $500m

Offline shopping analytics company's customers include LVMH and Estee Lauder

Cosmose AI provides artificial intelligence-driven analytics and helps retailers connect with offline consumers via online ads. (Source photo by Reuters and logo from Cosmose AI website)

HONG KONG -- Singapore-based Cosmose AI, which provides analytics driven by artificial intelligence to retailers about offline shopping habits, has sealed a strategic investment round from the Near Foundation, the entity behind its blockchain network, the company announced on Monday.

Although Cosmose AI did not disclose details, its valuation hit $500 million after Near's investment -- $400 million more than after a $15 million Series A round in September 2020.

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