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AI & Big Data — 22 Feb 2024

Moonshot AI, a Chinese AI startup, has clinched a staggering sum of over $1 billion in its Series B funding round for the development of large language models (LLMs). The financial injection, led by e-commerce titan Alibaba and venture capital HongShan, drives Moonshot AI’s valuation to an impressive $2.5 billion.  HongShan, the Chinese counterpart of […]

Financial Technology — 21 Feb 2024

Singapore-based UnoAsia, the parent company of Uno Digital Bank in the Philippines, has completed a pre-Series B funding round, securing $32.1 million in investment. The funding, comprising equity and debt, was led by Gateway Partners, Creador Private Equity, and Nextinfinity Management. With this latest round, UnoAsia has raised approximately $75 million.  This funding injection will […]

Financial Technology — 21 Feb 2024

Transparently.ai, headquartered in Singapore, has secured an investment from Franklin Templeton as part of its entrance into the asset manager’s FinTech Incubator program. The investment comes as the AI company, specializing in identifying accounting fraud, announced its successful pre-Series A funding round of US$3 million. With a focus on combating financial crime, the collaboration with […]

Governments — 16 Feb 2024

Malaysia’s pension fund, Kumpulan Wang Persaraan (Diperbadankan) (KWAP), has unveiled its initial investments under the Dana Perintis strategy, with $21 million. The investments include two direct investments in local startups and commitments to two venture capital funds. KWAP has announced its support for two startups, Bateriku (M) Sdn Bhd and Lapasar Sdn Bhd, as part […]

Investments — 31 Jan 2024

Vietnamese startup BlokID, specializing in blockchain-driven privacy protection solutions, recently secured $1.25 million in a seed funding round. The financing, led by Ascend Vietnam Ventures and AppWorks, is expected to boost their product development and expand market reach.  BlokID plans to launch its services by the second quarter of 2024, with a focus on empowering […]

Health & Bio — 30 Jan 2024

Singapore-based health-tech startup Mesh Bio has secured $3.5 million in Series A financing led by East Ventures, a venture capital firm focused on Southeast Asia. Elev8, Seed Capitals, and existing shareholders also participated in the round.  This funding will enable Mesh Bio to expand its digital twin technologies to healthcare providers in Hong Kong and […]

AI & Big Data — 17 Oct 2023

Baichuan, a Chinese AI startup, has successfully secured $300 million in financing, with Alibaba Group Holding Ltd., Tencent Holdings Ltd., and Xiaomi Corp. leading the investment.  This funding round is said to be a prominent investment in the Chinese AI industry, as startups like Baichuan plan to capitalize on the growing demand for ChatGPT-like services. […]

Investments — 4 Oct 2023

EdgeCortix, a Japan-based fabless semiconductor development and design company specializing in edge artificial intelligence (AI), announced the successful conclusion of its $20 million funding round. EdgeCortix has also partnered with Renesas Electronics Corporation, a prominent provider of advanced semiconductor solutions.  Leading this financing endeavor were Japan’s venture capital firm, SBI Investment Co. Ltd., and Global […]

Energy — 29 Sep 2023

Singapore-based InterContinental Energy has secured $115 million in equity investment to advance its mission of scaling up green hydrogen production. The funding comes from two investors: GIC, a global institutional investor, and Hy24, recognized as the world’s largest clean hydrogen pureplay investor. This infusion of capital is projected to accelerate further the company’s efforts to […]

Governments — 21 Sep 2023

Under the leadership of Economy Minister Rafizi Ramli, the Malaysian government will be hosting a startup convention soon. The primary objective of this initiative is to help local technopreneurs to grow within the country.  Rafizi emphasized that the development of startup companies holds great importance in speeding up Malaysia’s economic transition toward technology and digital-based […]

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