Dorae Inc. Completes Series B Financing

Stocks and Financial Services Press Releases Wednesday January 9, 2019 15:05
LONDON--9 Jan--PRNewswire/InfoQuest
Dorae Inc., the physical commodities cloud, has completed its USD 50 million valuation Series B financing to accelerate its global expansion.
Dorae's Series B participants include North American and European investors. Aethel Partners acted as the exclusive financial advisor to Dorae.

Ricardo Santos Silva, Co-Founder and Executive Chairman of Dorae commented, "We are very pleased with our advances in 2018 for governments and regulators to ensure that the benefits of automation and AI are broad and profound. In practical terms, this means minimising "disruption" in favour of emphasising interoperability and a smooth user experience. In these areas, we are the clear leaders, and this is the driving force for Dorae."

Dorae is the physical commodities cloud, leap-frogging market participants and other stakeholders in global trade from 1970s practices to the technology of tomorrow.

Aba Schubert, Co-Founder and CEO of Dorae added, "The difficult part of any automation process is the last 1%. It's like driverless cars. They are 99% ready, but they haven't yet changed our lives. At Dorae, we are already focused on the last 1% with our clients; we have earned their trust with our dedication to useable solutions. Bringing the latest technology to build practical paths to value for our clients in commodities, agriculture and adjacent industries is what Dorae is about."

Dorae has offices in Palo Alto, London, Azores and the Cayman Islands.
About Aethel Partners:

Aethel Partners is a multinational private equity, alternative asset management and financial services firm headquartered in London. Aethel's division dedicated to leading edge venture capital and artificial intelligence enabled businesses was responsible for the Dorae mandate.

Contact:
Aba Schubert
aba@dorae.com
+44(0)203-709-7794
Source: Dorae Inc.

Latest Press Release

SET, SEC, IAA join hands to develop 100 quality stock research papers for 3 yrs

The Stock Exchange of Thailand (SET), jointly with the Securities and Exchange Commission (SEC) and the Investment Analysts Association (IAA), has initiated a project to extend securities research paper coverage to cover medium to small sized companies,...

Razer and Visa Announce Partnership to Transform Payments in Southeast Asia

- Integration of Visa prepaid solution in Razer Pay e-wallet to enable users to make payments at 54 million merchant locations on Visa's global network - Bringing financial inclusion to Southeast Asia's unbanked and underserved population Razer(TM), the...

KTC extends the period of Online privileges to online shoppers across all sites until the end of 2019. Receive 10% cash back and X5 points plus discount codes by shopping with strategic online partners.

"KTC" or Krungthai Card Public Company Limited, extends the period of happiness and worthwhileness for online shoppers with two tier of special privileges: 1) Redeem for 10% cash back for online purchased via all websites or mobile app across the world...

Photo Release: KBank and TLScontact launch new service to accept France and Portugal visa fee payment via credit and debit cards

Recently, at KBank Phahon Yothin Building, Mr. Panya Kongkapaisal (second from left), KBank First Senior Vice President, and Mr. Mathieu Bechu (second from right), SEA Zone Manager, TLScontact Enterprises (Thailand) Co., Ltd., the authorized agent to...

Fitch Upgrades Thailand#s IRPC to #A(tha)#; Outlook Stable

Fitch Ratings (Thailand) has upgraded IRPC Public Company Limited's National Long-Term Rating and senior unsecured rating to 'A(tha)' from 'A-(tha)'. The Outlook is Stable. Fitch has also upgraded IRPC's National Short-Term Rating to 'F1(tha)' from...

Related Topics