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Trax, a retail tech firm, raises $640 million to roll out Retail Robots

Southeast Asia’s highest-funded agrifood tech startup, Trax, secured an investment worth $640 million from Japan’s Softbank and US-based investor BlackRock. This investment will help empower its team, stretch market leadership, and automate its partners’ retail stores to grow as a firm. The retail tech startup was founded in Israel and is now headquartered in Singapore. It offers machine learning, automation and robotic technology to empower retailers.

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