Trax raised $640 mn led by SoftBank and BlackRock

Image recognition technology firm Trax has raised $640 million in new capital in a funding round led by SoftBank Group Corp’s Vision Fund 2 and BlackRock.
Trax founders
Trax said this round of primary and secondary capital also saw participation from new investors including OMERS, one of Canada’s largest defined benefit pension plans, and Sony Innovation Fund by IGV2.