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Emulating the ambitions of Singapore's high-tech vision

With its vibrant economic development, Vietnam offers an unparalleled investment destination for Singaporean corporations. ....

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Emulating the ambitions of Singapore's high-tech vision

With its vibrant economic development, Vietnam offers an unparalleled investment destination for Singaporean corporations. ....

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Data Vantage: Tiger Global backs SG-based WIZ.AI and other fundraising updates

Data Vantage: Tiger Global backs SG-based WIZ.AI and other fundraising updates
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

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Data protection firm Acronis raises $250m from CVC Capital, valuation soars to $2.5b

Data protection firm Acronis raises $250m from CVC Capital, valuation soars to $2.5b
Acronis co-founder, president and COO Stanislav Protassov. Photo: Acronis.
May 4, 2021
Singapore and Switzerland-headquartered data protection firm Acronis on Tuesday announced it has bagged $250 million in equity funding from private equity firm CVC Capital Partners at a post-money valuation of $2.5 billion.
Acronis, which was founded in Singapore in 2003 and incorporated in Switzerland in 2008, has now raised $408 million in external funding. The firm had last raised $147 million in 2019 in a round led by Goldman Sachs.
Acronis provides AI-based anti-malware and blockchain-based data authentication technologies to protect cloud, hybrid and on-premise IT environments. It claims its products are used by 5.5 million home users and 500,000 companies. ....

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