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Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.
Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. Southeast Asia is hitting a sweet spot. Amit Anand. Contributor. Share on Twitter. However, these companies only represent the highlights of what is a blossoming startup ecosystem.
Secai Marche , a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 Spiral Ventures Asia Fund I and Beyond Next Ventures. million USD) in Series A funding. This brings the startup’s total raised so far to $4.5
HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. I am a strong believer in the SaaSification of Asia. You may ask why SaaS for Asia needs to even exist as a category.
Tech layoffs have hit almost every region in the world , and Southeast Asia is no exception , with companies like Sea , Crypto.com and JD.ID I think what we have seen is that there has been a lot of capital being pumped into the tech industry over the past two to three years in a major bull run. among those affected.
The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019. While tech fared well compare to many other industries, one downside was that the COVID-19 pandemic caused overall global venture capital investment to decline. It’s a definite increase,” said Lints.
In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate. All rights reserved.
The funding will be used on Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures with overseas partners. Profet AI’s software lets users build prediction models and industrial AI apps for production and digitalization, even if they only have basic knowledge of machine learning.
Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. Its APIs are cover two categories: open banking APIs and payment services APIs, with the goal of building the most complete open finance stack in Southeast Asia.
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. This investment in Sun King marks an incredible inflection point for the global off-grid solar industry,” said Walsh. Image Credits: Sun King.
BluePallet , an online marketplace connecting manufacturers with the chemical industry, announced today that it has raised $5 million in a funding round led by Vinmar Ventures, a subsidiary of petrochemical distributor Vinmar International. . I should know, I covered the petrochemical industry in the late 1990s).
Ip told TechCrunch that he had previously worked in software investment at Goldman Sachs Growth Fund and looked at many HR tech deals, which is how he and Chan first learned about the industry. He added that “Singapore is possible the most mature market in Southeast AsiaAsia in terms of software/cloud adoption and willingness to spend.
DigiTimes Asia (via NotebookCheck) writes that the Covid-19 lockdowns in China and Russia's invasion of Ukraine have led to increased manufacturing costs, supply chain issues, and logistical problems for laptop makers. As such, they are "mulling raising their prices to reflect rising logistics and other costs in the second half.
3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. Proceeds aid musicians and music industry workers who are struggling with illness, disease, and age-related problems. 12) Heal the Bay :: shop.healthebay.org.
ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea.
Nikkei Asia writes that Chinese semiconductor makers are turning to Japan for used equipment in the wake of US sanctions, sending up prices in the country's second-hand market. With the worldwide chip shortage still causing supply problems across multiple industries, even older, out-of-date machines are selling fast; this has seen.
Indonesia’s construction industry is growing quickly, driven by residential and industrial building, alongside infrastructure development plans by the government. Sourcing skilled labor is still a time-intensive process, however, and often relies on personal networks and lengthy recruitment efforts.
The company wants to focus on the Indonesian market, one of the largest markets in Southeast Asia, for the next 12 months, then expand to other Southeast Asian countries, such as Malaysia, Vietnam, Thailand and the Philippines, Bang told TechCrunch. The startup looks to challenge e-commerce players like Shopify in Southeast Asia. “I
Industry insiders say TSMC will start producing them before the end of 2022. East Asia-based financial analyst Dan Nystedt noted Intel plans to package them with compute tiles of. Taiwan news outlet Commercial Times claims that the graphics processing hardware in the Meteor Lake CPUs will be TSMC 3nm chips.
Its virtual dressing room product is now live on many fashion e-commerce platforms, including Zalora-Global Fashion Group, one of the largest fashion companies in Southeast Asia, Li said. the e-commerce fashion industry made up 29.5% landing page. Image Credits: Revery.ai. It’s amazing how good of results we are getting,” he added.
The shortage of everything from advanced chips to the lowly $1 display driver chips that power almost every digital device we use has caused a great deal of grief in the tech and auto industries. It looks like it's about to get worse as Covid-19 infections are threatening production of.
and Asia, and to double down on building more AI-based technology to expand its platform. where most of its clients are based, as well as in Asia. for AI-powered fintech software Growfin’s AI-based cash collection SaaS expands further to US and Asia by Kate Park originally published on TechCrunch .”
This week, Atsuyoshi Koike, president of Japanese chip venture Rapidus, told Nikkei Asia that the company plans to establish a prototype production line for 2nm semiconductors by the first half of 2025. If successful, the roadmap would put the company right behind industry titan Taiwan Semiconductor Manufacturing (TSMC) which also.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia.
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. Other investors include South Korean sneaker reselling platform KREAM (another SoftBank Ventures Asia portfolio company), Altos Ventures and JAFCO. The StockX EC-1.
The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic. Coherent will focus on China and emerging markets in Asia.
The AI industry hit a significant bend in the road toward artificial general intelligence in 2024. And all the while a small AI lab in China was quietly developing new AI models, including reasoning models, that would begin sending shockwaves through the AI industry by the end of 2024. The rest of the industry has followed its lead.
Now, in addition to carmakers, seemingly unlikely players — think telecommunications companies and ride-sharing platforms — are pushing the UAM industry forward. The unusual suspects. It’s not a stretch to imagine automakers getting involved in this space.
In preparation for its next stage of growth, Bfree has secured the services of leading industry professionals, including CTO Konrad Pawlus, formerly of SALESmanago, and Yohan Theatre, who previously worked at investment management firm PIMCO. Flosbach anticipates that the startup will be handling 1.4 million profiles by the end of next month.
Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. Predicting the next wave of Southeast Asia tech giants. trillion industry by 2025 , with the biggest gains being made in Brazil and India. More posts by this contributor.
Over the next few weeks, the venture capital industry will compile and release data concerning its Q4 2020 performance, capping a year that saw the world of private capital freeze , thaw and burn. North America and Europe shine, Asia falls. Surely not, with all the neobank and trading-platform deals we saw ?
Skit announced today it has closed $23 million Series B round to accelerate its growth in domestic and global markets including the US and South East Asia and enhance its voice automation platform. Skit recently expanded into the US and South East Asia market. “We Skit has been listed in Forbes 30 Under 30 Asia start-ups 2021.
trillion general insurance industry. . The company has raised a $1 million seed round to enhance its platform and scale in Asia. Asia’s general insurance market is about $564 billion, and Singapore has approximately $2.9 Antler joined in its previous funding. . million in GWP transactions by the end of this year. .
Una Brands has differentiated itself as an Asia-focused e-commerce aggregator capable of operating brands across all channels, such as Amazon, Shopify, Shopee, Lazada and Tokopedia, compared to some of its peers, which focus on brands that sell on Amazon.
H2O Hospitality will expand its business further by adding various types of accommodations in South Korea and Japan in 2021 and 2022 and plans to enter Singapore and Indonesia in 4Q in 2022 in line with its Southeast Asia penetration strategy, according to H2O Hospitality co-founder and CEO John Lee.
Siga OT Solutions, an Israeli cybersecurity startup that helps organizations secure their operations by monitoring the raw electric signals of critical industrial assets, has raised $8.1 This, it claims, ensures operational resiliency even when hackers are successful in manipulating the logic of industrial control system (ICS) controllers.
On-demand logistics startup Lalamove raises $300M for Asia growth and becomes a unicorn. In its announcement, Lalamove CEO Shing Chow said its Series E will be used to enter more fourth- and fifth-tier Chinese cities, adding “we believe the mobile internet’s transformation of China’s logistics industry is far from over.”
Several firms in Asia are taking a similar approach today, sifting through people’s social media profiles and telco records. Hakobyan said this kind of research requires high accuracy, and some industry practices raise privacy concerns. Bizbaz has different templates based on countries and industries.
The company says this is one of the largest seed rounds ever for a SaaS company based in Asia. team will continue their strong momentum on the path to becoming the industry-leading tool for enterprise sales productivity.”. The Singapore-based company announced today it has raised $6 million in seed funding, led by B Capital Group.
Right now, a lot of information being communicated to the crypto industry is through enforcement action. The pie is growing In the last seven years, the crypto industry gained over 22,000 monthly active developers, bringing the total number to 23,343 as of December, up 5% from a year earlier, the report said.
culture and an economy based on raw materials, Aotearoa hasn’t stood out to investors in the Asia-Pacific region, especially not when they could set their sights on larger markets in China and Southeast Asia. A geographically isolated country with a “no worries!”
Heliogen’s new tech could unlock renewable energy for industrial manufacturing. MENA and Asia Pacific areas. And no doubt there are other industrial processes that could benefit from a free and zero-carbon source of high heat. Both goals hint at why utilities and a major mining and steel-making company are now investors.
The industrial biotech startup is working on bringing a novel protein to market — one it says will offer a nutritious, sustainable alternative to animal-derived proteins. But if this 2017-founded Finnish startup, Solar Foods , has its way fermentation could have a very special place in the future of human food too.
Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. Hendra Kwik of Payfazz has such a reputation in Southeast Asia as well.
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