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Semantics3 is a startup that seeks to provide product and pricing data for e-commerce through a data API platform

Semantics3, a data application programme interface (API) platform and the first startup from Singapore to get into the Y Combinator accelerator programme, has secured US$1.55 million in bridge funding, Co-founder and CEO Sivamani Varun announced today in a post on Medium, a blog publishing platform.

The round was led by Belgium-based venture capital firm E-Merge, which was also the biggest investor in its seed round of US$600,000 in March 2013.

Zillionize, a seed fund based in California, also participated in the latest round, which brings the startup’s total funding raised till date to US$2.15 million.

The bridge round will be used to “accelerate the building of things that people want [such as] streamlining things, improving quality, and bringing more innovation; write less perl code (a programming language); talk to more users; and do more jumping jacks [as the company will be buying] free gym memberships for all […] employees,” wrote Varun.

Also Read: How data science is revolutionising e-commerce

In the same blog post, Varun also announced two new products –  expanded UPCs (Universal Product Codes) and real-time API. They will tackle the “fundamental problem of retrieving metadata for UPC codes” and retrieve “latest, updated prices” for its customers respectively.

Semantics3 was founded by National University of Singapore alumni Varun, Govind Chandrasekhar, and Vinoth Gopi. They spent winter 2013 at Y Combinator.

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