Appier Raises US$80 Million in Series D Funding

The leader in artificial intelligence accelerates product innovation and plans global expansion in its mission to make AI easy and accessible for everyone

�

TAIPEI,
TAIWAN - Media OutReach -
26 November 2019 - Appier, a leading artificial
intelligence (AI) company, announces today that it has raised a US$80 million
Series D funding round with investment from TGVest
Capital, HOPU-Arm Innovation Fund, Temasek’s Pavilion Capital, Insignia Venture
Partners, JAFCO Investment and UMC Capital.

Chih-Han Yu, CEO and Co-Founder of Appier

Appier’s
total funding to date is US$162 million. The latest capital injection will
propel worldwide market expansion, attract outstanding global talent and drive
innovation in AI for new industries beyond digital marketing, in addition to
continuing to strengthen and scale Appier’s current product suite.

“Appier
has been unwavering in its commitment to developing AI that makes people’s
lives easier, and we’re proud to help our customers become data-driven
organizations with cutting-edge technology at their core,” said Chih-Han Yu,
Appier CEO and Co-founder. “Our latest investment brings with it new
shareholders whose growth-stage experience will help us to scale faster towards
our ultimate goal of revolutionizing the way enterprises adopt and leverage AI
to grow, remain competitive and manage continuous business transformation.”

Appier
has achieved exceptional growth in terms of reach, size and product offering
since its last Series C funding in 2017. The company has acquired two start-ups
since 2018- QGraph and Emotion Intelligence (Emin)- and following strategic
integration of their technology into Appier’s core offering, digital marketers
can solve problems at every step of the customer journey from acquisition,
retention, transaction to prediction. Appier now has more than 400 employees across
14 offices in 12 markets.

“Appier
is riding a strong long-term trend for enterprises leveraging data to make
smarter decisions,” said DC Cheng, Chairman of TGVest Capital. “Thanks to its
unique use of AI technology in the digital marketing space, Appier has been a
category leader since its inception and has the opportunity to expand into new
corporate functions where data-based decisions are made. We share Appier’s
ambition and we are excited to be a partner to the company. We are confident
that Appier will continue to grow as a sustainable technology company at the
forefront of technology innovation.”

“With
AI as its DNA and the most outstanding talent accumulated outside of US and
China, Appier is well positioned to continue to exceed expectations and outpace
the competition,” said Teck Sien Lau, Co-Chairman of HOPU-Arm Innovation Fund
and CEO of HOPU Investments. “We’ve seen Appier become a pioneer in AI
throughout Asia, and we’re delighted to become a partner to the business.”

Appier’s
growth mirrors the increasing demand on business leaders to effectively
implement and leverage AI to ensure they retain relevancy and stay ahead of the
pace of technological change. Appier now serves more than 1000 leading
enterprises who are committed to using data to make business decisions, using
Appier’s AI-powered marketing platforms to automate decision making throughout
the entire customer lifecycle.

“Appier
has all the assets required for continued global growth,” said Shaun Lim,
Managing Director of HOPU-Arm Innovation Fund. “We’re excited to support Appier
as it strengthens its existing markets and products and expands into new
geographies and industries. Appier’s exceptional AI offering will undoubtedly
help many more enterprises effectively use the beauty of data intelligence to
drive business growth and to customize engagement with their end customers.”

About Appier

Appier helps businesses solve their most
challenging problems with artificial intelligence. It is a partner to some of
the world’s leading brands, providing a suite of enterprise-grade products to
support data-driven decisions and accelerate business growth. Established in
2012 by a passionate team of computer scientists and engineers, Appier now has
more than 400 people across 14 offices and is recognized as a Top 50 AI company
by Fortune Magazine. Appier has raised US$162 million in funding from investors
including Sequoia, Softbank, and Line. Learn more at www.appier.com.  

About TGVest Capital

TGVest Capital is a technology-focused
growth investment and private equity fund. It was established in 2016 by a team
with corporate technology investment backgrounds, with a goal to create
superior returns and value to its investors, portfolios and all business
partners. Learn more at https://www.tgvestcapital.com/.

About HOPU-Arm Innovation Fund and HOPU Investments

HOPU-Arm Innovation Fund, founded by HOPU
Investments (a leading Asian investment firm at the forefront of China’s
financial revolution for decades) and Arm Holdings (global leading
semiconductor technology company owned by Softbank), is an international
private equity fund focused on investments in technology companies aiming to
accelerate development of emerging applications in artificial intelligence, IT
infrastructure and the Internet of Things.