PT Sumo Teknologi Solusi announced a private placement of 43,554 series C preferred shares at a price of $119.851219 per share for gross proceeds of $5,220,000 on February 21, 2024. The transaction included participation from new investor, HL Mando Corporation for $3.13 million, and returning investor, Beacon Venture Capital Co., Ltd. for $2.08 million.