Singapore’s d:tribe Capital invests in Australian AI startup Shelfie

Singapore-based investor d:Tribe Capital has announced a Series A follow-on investment into Shelfie, an Australian Artificial Intelligence company focussed on retailers.

The startup will use the additional investment from d:tribe to expand into the US and European markets.

Shelfie has developed a breakthrough solution that helps retailers to grow revenue and improve staff productivity by using AI and deep learning technology to automate the manually intensive and error-prone process of minimising stock gaps on shelves.

It uses cameras and AI to scan shelves, taking images and enabling real- time stock reporting. A cloud-based advanced Machine Learning and image processing algorithm is used to analyse the shelf images.

The data is sent to the dashboard and mobile app, which are updated automatically to mobile devices informing floor staff to re-stock specific items.

This is designed to help identify sales trends via every SKU and provide real time insights to optimise merchandising layouts.

Coda Payments partners with Riot Games to enhance gaming experience

Coda Payments has announced a partnership with Riot Games, a global firm that develops online games, the Singapore-based payments firm said in a statement.

This partnership will allow Coda to improve financial transactions in Riot Games and enhance gaming experience. It will be able to accept more than 40 local payment methods within its game title and sell in-game currencies on several third-party e-commerce platforms.

Coda is a platform that helps publishers monetise games and other digital content. Some of its clients are Tencent, Garena and Netflix.

“Here in Southeast Asia, we recognise that gameplay and payment preferences are extremely diverse,” said Justin Hulog, General Manager of Riot Games Southeast Asia. “Our partnership with Coda will allow gamers to access and enjoy all our upcoming, new games with comfort and ease.”

Coda will also offer payment solutions for Riot Games’s upcoming titles, including VALORANT, League of Legends: Wild Rift, and Teamfight Tactics Mobile.

Jio platforms remain unscathed by the pandemic, secures another US$747M

India’s telecom operator Reliance Jio has secured US$747 million in funding from Silicon Valley-based PE firm Silver Lake, according to Moneycontrol.

This investment brings Jio’s valuation to nearly US$65 billion.

This round comes less than two weeks after Facebook acquired just approximately 10 per cent equity in the firm for US$5.7 billion.

Also Read: Morning News Roundup: Temasek invests in Pivot Bio, GoBear co-founder joins Standard Chartered

Some of Silver Lake’s portfolio companies include Skype, Ant Financial, Twitter, Airbnb, and Didi Chuxing.

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Image Credit: Shelfie

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