Razor Capital, through its Luxembourg investment vehicle Monsoon Tech, has concluded due diligence and proceeded in executing its investment in Loosely Coupled Technologies (LCT), a data analytics startup based in South and Southeast Asia. This is the very first round of investment from an institutional investor for LCT.
According to a press release issued by Loosely Coupled Technologies, an undisclosed amount of investment was raised by the tech venture. It was also mentioned that LCT is focused on bringing localised artificial intelligence and natural language processing capabilities in business applications across the region. LCT is currently serving public institutions, consulting companies and advertising agencies including Boston Consulting Group, Mind Share and Unilever, as well as Southeast Asian conglomerates such as Sinarmas, Rahimafrooz, and PNMB.
"We believe this partnership will enable LCT to mature, evolve, and remain innovative in tailoring its products for businesses and individuals alike. Our product suite bundled with proprietary AI-backed market place tools are going to change and augment the way local organisations carry out their decision-making process," said Firoze M Zahidur Rahman, Founder and CEO of LCT.