Cityneon Holdings in Singapore said that Temasek-owned 65 Equity Partners has granted it a S$150 million (US $105.5 million) loan.
Additionally, the business declared that it will change its name to Neon in order to better reflect its objectives of integrating physical and digital goods.
Neon develops experiences by utilizing both physical and abstract worlds. It transports these encounters to places for customers including Disney, Universal, Marvel, and Hasbro, among others.
Recently, the Singapore-based company expanded its reach into other countries like Peru and Egypt, where it is employing its technology to develop museum exhibits like “Machu Picchu and the Golden Empires of Peru” and “Ramses the Great and the Gold of the Pharaohs”.
Among others, Neon has agreements with Warner Bros. and the Qatar Free Zones.
Neon said it will utilize the additional funding to support its expansion initiatives in addition to the roughly US$165 million it raised in April. This entails establishing new enterprises, entering new markets, and purchasing intellectual property in addition to enhancing its technological skills.
