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Osome , a Singapore-headquartered business assistant app that digitizes accounting and compliance tasks, has raised $3 million. The startup currently has about 4,500 SME clients across Singapore, Hong Kong and the United Kingdom, founder and chief executive officer Victor Lysenko told TechCrunch.
Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.” But having a diverse cluster of big tech companies helps the ecosystem by providing more resources, including mentorship and early funding opportunities, say Singapore-based investors.
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.
Carousell , a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the techindustry. . million since its inception, per Crunchbase. .
ImToken , the blockchain tech startup and crypto wallet developer, announced today it has raised $30 million in Series B funding led by Qiming Venture Partners. It currently has a team of 78 people, based in mainland China, the United States and Singapore, and expects to increase its headcount to 100 this year.
Currently, Singapore is the only country allowing sales of cultivated chicken. If you have a juicy tip or lead about happenings in the venture and food tech worlds, you can reach Christine Hall at chall.techcrunch@gmail.com or Signal at 832-862-1051. Anonymity requests will be respected.
The University of Tokyo Edge Capital Partners (UTEC) , a deep-tech investment firm, announced the first close of its fifth fund, which is expected to total 30 billion JPY (or about $275 million USD) by June 2021. UTEC’s deep-tech investments around the world. What do we mean when we talk about deep tech?
Hydrogen is at the center of many industrial processes and potentially part of major future energy ecosystems, but the process of isolating and storing it is wasteful and expensive. While hydrogen itself is generally considered a clean and extremely useful basic element, its production is married to numerous dirty industrial processes.
As pressure grows on companies to reduce reliance on gas and oil, established processes even at industrial scales are being questioned, offering an opportunity for tech to step in. The concept isn’t new, and in fact is used across the membrane industry, but where SepPure’s diverges is in its durability and compactness.
After several launches, however, the Singapore-based startup noticed an interesting trend: customers were ordering batches of products from Raena every week and reselling them on social media and e-commerce platforms like Shopee and Tokopedia. Image Credits: Raena. “Basically, you have to block your capital upfront.
Retail analytics unicorn Trax expects that this openness to tech innovation will continue even after the pandemic. Founded in 2010 and headquartered in Singapore, Trax also has offices in Brazil, the United States, China, the United Kingdom, Israel, Mexico, Japan, Hungary, France, Russia and Australia.
Wavemaker Partners doesn’t just want to invest in climate tech and sustainability startups. Today, the Singapore-based firm announced the launch of Wavemaker Impact , a venture builder that identifies potential business opportunities, finds seasoned entrepreneurs to turn those ideas into startups and acts like a co-founder as companies scale.
Betterdata , a Singapore-based startup that uses programmable synthetic data to keep real data secure, announced today it has raised $1.55 Betterdata’s funding will be used on its product launch and to enhance its programmable synthetic data tech stack, including support for single-table, multi-table and time-series datasets.
of producing industrial amounts of hydrogen is steam-methane reforming (SMR). Tokyo Electric Chemical Industry Co., For us to be investing into the future of the world means we’re thinking of decarbonizing these big petrochemical or industrial chemical facilities.”
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. It remains at a relatively nascent phase expansion in the technology industry but is at the same time developed enough to have a 400-million-strong internet user base.
Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. Construction tech startups are poised to shake up a $1.3-trillion-dollar trillion-dollar industry. It will also enter Singapore because developers are willing to adopt AI-based technology.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. Currently, NewCampus builds content in-house, and then asks industry experts to come in and add in their flair of expertise.
The Singapore-based startup’s last funding round was $3 million announced in November. It now claims to be used by 6,000 companies in Singapore, the United Kingdom and Hong Kong, giving it $9.5 Singapore-based digital business assistant Osome raises $3 million. Ong, who joined as an angel investor.
In addition, Toni works on several digital-economy-related initiatives that support the scaling of digital businesses, stimulate startup ecosystems and accelerate the digital transformation of key industries in Africa, Asia, the Caribbean and the Middle East. A glimpse into Singapore’s current startup ecosystem. Jamil Wyne.
Global premiums initially shrank, but research by Swiss Re predicts the insurance industry will recover by next year, led by demand in China. Coherent will focus on China and emerging markets in Asia.
It’s a pivotal moment for Good Meat that’s been years in the making and it’s a crucial step toward creating an industry that can help transform our food system,” Josh Tetrick, co-founder and CEO of Good Meat, told TechCrunch via email. “We Challenges still facing this industry include cost and time. restaurants. “It’s
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 techindustry over the past two to three years in a major bull run. among those affected.
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. He added that “Singapore is possible the most mature market in Southeast Asia Asia in terms of software/cloud adoption and willingness to spend. What downturn?
In a deeply researched report for TechCrunch+ , reporter Christine Hall examined the state of the cell-cultured meat industry and identified many of the startups innovating in the sector, along with the challenges they face when it comes to ramping up production and getting regulators and consumers on their side. “It
Singapore is quickly turning into a hub for food-tech startups , partly because of government initiatives supporting the development of meat alternatives. Next Gen claims this is the largest seed round ever raised by a plant-based food tech company, based on data from PitchBook.
Michigan-based startup Our Next Energy (ONE) has closed a $25 million Series A for tech that it says can double the range of EVs, as more and more startups take aim at surpassing the pitfalls of conventional lithium-ion batteries. He founded ONE just one month after leaving the consumer tech giant. ONE CEO Mujeeb Ijaz.
Tamburnotti told TechCrunch that COVID “has been a big shock to the logistics industry,” starting with manufacturers shutting down in China, which resulted in delays for many e-commerce consumer brands. ” How tech can build more resilient supply chains.
Refract , a Singapore-based extended reality (XR) startup, announced today it has closed approximately $8.5million SGD (approximately $6million) Series A led by Sea Limited along with international family offices and individual investors. The Series A round brings Refract’s total raised to $9 million.
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 Asian tech companies are drawing the attention of investors around the world. and Chinese tech firms. tech firms have also recently entered the scene. Contributor.
and Europe and helps protect the reputation of the fintech industry. Railsbank positions itself as a “utility” on which other companies — spanning fintech upstarts, challenger brands, to incumbent banks that want to re-factor their tech — can build and sell various financial services or add fintech features to their products.
UI-licious , a Singapore-based startup that simplifies automated user interface testing for web applications, announced today it has raised $1.5 Founded in 2016 by Shi Ling Tai and Eugene Cheah, UI-licious serves companies of all sizes, and its current clients include Daimler, Jones Lang LaSalle and tech recruitment platform Glints.
While working as a software engineer in Japan, Singapore and San Francisco for the past 10 years, Ryo Chikazawa , CEO and co-founder of Autify , came to realize that there’s one common problem in the software development industry; software testing takes excessive time. Singapore as well as Europe, according to Chikizawa.
This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. For Pony, piggy-backing off a major carmaker can potentially bring a steady stream of business and push for the adoption of its tech.
But much of the industry is still in its infancy, partly because of a lack of domain experts and software tools that match the progress of quantum hardware. While Singapore is more widely known as a financial hub, it has also been one of the most proactive governments in supporting quantum technologies.
CEO Brian Spears has a chemical engineering background and co-founded the company, which makes meat from animal cells, in 2018 after spending 12 years developing research laboratory and industry automation. “We Brian Spears speaking at Hello Tomorrow Singapore. Image Credits: New Age Meats.
It will be used to expand its research and development, product and go-to-market teams in the United States, Singapore and India. Before co-founding Kula, CEO Achuthanand Ravi worked as a recruiter at tech companies including Stripe, Uber and Freshworks. Investors remain bullish on HR tech as the Great Resignation slows.
VentureFriends and Speedinvest led the Seed funding round, with participation from additional investors including The Dock, Signal Ocean, Motion Ventures, TecPier, Innoport, Charge VC, and tech founders including Alexandros Chatzielftheriou founder of, Blueground. Habor Lab launched March 2020.
Live in India, Singapore-based MarketWolf has plans to introduce stock trading to first-time investors in more markets. Is consolidation on the horizon for Southeast Asia’s techindustry? Returning investors 9Unicorns, iSeed, Crescent and Riverwalk also participated.
Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. Employment Hero doubled the number of its full-time employees to 200 last year, and launched versions in New Zealand, the UK, Malaysia and Singapore.
Specifically, Intrinsic is buying Open Source Robotics Corporation (OSRC), the for-profit arm of Open Robotics, and Open Source Robotics Corporation Singapore (OSRC-SG), the portion of the business that led efforts on a project called Open-RMF for interoperability between fleets of robots and physical infrastructure (e.g.
With COVID-19 disrupting the entire manufacturing supply chain including semiconductor shortages, companies across multiple industries have been struggling to seek a procurement solution that can rebalance the gap between supply and demand. The demand for CADDi’s services has seen significant acceleration.
Headquartered in Singapore, Una Brands has a presence in Southeast Asia, Australia, New Zealand, China and the United States, and over 200 employees. Its tech stack includes tools for brand management, marketing, supply chain and accounting, and process automation and advanced analytics.
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. Fadhlillah and Octavianty came from families in the fishing industry, and the three wanted to create something that would solve some of the challenges they faced. Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round.
Venture capital funding to the cultivated meat industry has largely followed other industries in fewer investments made this year; however, there’s still movement in this sector yet. Investors salivate over food tech companies perfecting precision fermentation Then in the next 18 to 24 months start building that large scale.”
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