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The Legal Dispatch Room

Temasek's Aicadium acquires Basis AI
 

AEI Legal advised the founders of BasisAI (now Aicadium) in the acquisition by Temasek’s Aicadium. Aicadium was founded by Temasek to create and scale AI solutions as a global centre of excellence, leveraging data scientists, engineers and a platform of AI algorithms. BasisAI provides scalable and responsible AI solutions via Bedrock, its end-to-end machine learning platform, and has deployed solutions for Singapore Airlines, ComfortDelgro, DBS, UOB and OCBC.

Congratulations again to Feng-Yuan Liu, Linus Lee and Silvanus Lee on the exit.

Read more:
https://www.businesstimes.com.sg/garage/temaseks-aicadium-acquires-local-startup-basisai

 
DealsAndrea Cheem&a, tech, founder exit
ALB Southeast Asia Law Awards 2021
 

AEI Legal has been shortlisted for Singapore Law Firm of the Year by the prestigious Asian Legal Business Southeast Asia Law Awards.

Our managing partner, Andrea Chee, has been shortlisted for Singapore Managing Partner of the Year for the second year in a row.

We are thrilled for these recognitions and overwhelmed with pride for our incredible team.

A big thank you to our clients & partners for the continued & invaluable support.

 
 
 
E-commerce aggregator Rainforest raises US$20M
 

AEI Legal advised e-commerce aggregator Rainforest on its US$20M pre-Series A round.

Huge congratulations to the Rainforest team - JJ Chai, Jason Tan, Per-Ola Röst and Janitha Navaratnam - it’s a real pleasure to work in close partnership with this trailblazing team.

Read more on Techcrunch:

https://techcrunch-com.cdn.ampproject.org/c/s/techcrunch.com/2021/09/07/e-commerce-aggregator-rainforest-raises-20m-just-months-after-its-last-funding/amp/