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The funding was led by Prosperity7 Ventures, a growth fund associated with Aramco Ventures, and included additional investment from SoftBank Ventures Asia. Additionally, Sunrate aims to venture into new markets, including the Middle East, further extending its global presence.
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Ranade, who attended Stanford and Columbia, was previously an associate partner at McKinsey and co-founded web-scraping startup Kimono Labs, which was acquired by Palantir in 2016. Ural was an app developer at Goldman Sachs before joining Palantir as an engineer, where he met Ranade. Image Credits: Arena.
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