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One search and you shall save one pound of sea garbage: Here comes an ‘eco-friendly’ search engine

He has always wanted to escape civilisation and recede into nature at every opportunity he got, for he was perturbed about the ill-treatment inflicted on the environment by human beings.

“Plastic rubbish at the peak of a Borneo mountain, mounds of trash in the middle of the Simpson desert, and litter washed up and strewn across the beaches of Southeast Asia, the humankind leaves traces of themselves everywhere, even in the most remote places,” said Ati Bakush, a nature lover and avid traveller from Australia.

“I’d reached a point in my life with four young children where I began to question what sort of legacy and future our generation is leaving behind. I decided to use my skills in software to develop a solution with a mission to help the planet. Ekoru is the result of this goal,” he added.

Located in Kula Lumpur, Ekoru is a search engine alternative to Google, which donates a part of its revenue to partners involved in ocean cleanup.

“During my professional career, I was involved in the development of search engines for mobile operators in Southeast Asia and Latin America. While working on these projects, it occurred to me that I could be applying the same skills and knowledge for the benefit of the environment instead of profiting a large corporation,” he said, sharing the story behind the starting of the venture.

Also Read: The Capture app enables you to track, reduce and offset carbon emissions from everyday life

At Ekoru, he is supported by his wife Alison Lee (Communications Director). A team of supporting developers and designers in countries such as the UK, Sweden, the US, and Indonesia also participate in the initiative from remote locations.

Bakush and team were initially looking to work with multiple environmental causes but settled on the health of the oceans as it’s becoming increasingly important.

“The effect of human impact and climate change isn’t just about rising sea levels, but increased temperatures, the sufferings of marine animals, reduction and contamination of our food supply, carbon absorption and a myriad of other issues. The health of an ecosystem which covers 70 per cent of our planet and contains 97 per cent of our water should be at the forefront of everyone’s mind,” Bakush stressed.

Ekoru V/s Google

Ekoru works just like any other search engine and makes money from the sponsored links which appear above the search results.

Ekoru’s USP is that 60 per cent of its total revenues go to its clean oceans partners, such as Big Blue Ocean Cleanup, whose mission it is to clean coastal and marine environments. “This allows users to help our oceans while they search and surf the Internet every day,” he noted.

The search engine works on any mobile, tablet, or computer browser. An Android mobile search app is already available, with the iPhone version to be launched soon.

All the searches are private, and no information about searches is stored. Every search is also encrypted to keep user data away from prying eyes.

The search engine is available in three languages — English, French, and German.

The startup is currently in touch with some schools and educational board about introducing Ekoru as the default search engine for classroom computers and devices.

“We’d like as many students as possible to learn about the importance of our oceans and helping conserve them while they research their school work,” he said.

Who does Ekoru compete with?

Also Read: MAEKO addresses climate change by converting food waste into compost. Greta Thunberg should feel happy

“We take the view we’re competing only with Google and not other search engines — it’s an unprecedented situation where one company has managed to achieve a comprehensive stranglehold/monopoly/dominance in a single vertical. The upside of this is that there is an enormous amount of room for everyone else to grow at Google’s expense,” he smiled.

Green energy-powered servers

Ekoru’s servers are located in green data centres powered by hydro-electricity. This minimises the carbon footprint on the Internet and ensures that every web search is as green and eco-friendly as possible.

“Finding a data centre for Ekoru’s servers that are 100 per cent green was, however, challenging. After an intense hunt, we discovered OVH, whose Beauharnois data centre in Canada is powered entirely by hydro-electricity. It uses water-cooled servers with no fans and uses thermal air convection in their buildings instead of air-conditioners,” he said.

“Having our servers powered by green energy was a top priority for us. The Internet’s C02 footprint is a hidden problem with data-centres around the world, consuming vast amounts of energy to power servers and air-conditioning,” he shared.

Ekoru Founders Ati Bakush and Alison Lee

The Ekoru project is primarily self-funded in addition to an initial investment from private investors.

When asked about Ekoru’s fundraising plans, Bakush quipped: “It’s a bit hard to write a fundraising pitch when the first slide promises to give away 60 per cent of the revenue. At the moment, we hope we can continue to grow organically with the support of a growing userbase. Organic growth has the benefit of being free of any external pressures, meaning that we are only responsible for our users.”

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Today’s top tech news: TikTok’s creator tests out Spotify-like apps, Bio startup Aprogen has become Korea’s newest unicorn

AI-powered voice customer service Observe.AI secures US$26M funding [Press Release]

Observe.AI, the AI-powered agent enablement for voice customer service, announces that it has raised US$26 million Series A funding led by Scale Venture Partners, with participation from Nexus Venture Partners, Steadview Capital, 01 Advisors, and Emergent Ventures. This funding allows Observe.AI to expand its US-India team globally and accelerate product development.

In conjunction with the funding, Andy Vitus, partner at Scale, will be joining Observe.AI’s board. This brings the company’s total funding to US$34 million.

“Legacy speech analytics systems are simply not meeting the needs of the world’s top brands,” said Swapnil Jain, CEO, and co-founder of Observe.AI. “Today’s customer service agents have a unique ability to emotionally connect with customers and are often a brand’s only frontline representatives. This investment will fuel our mission to elevate agent performance through AI-based coaching and insights.“

Observe.AI uses the latest speech, natural language processing, and deep learning technologies to analyse 100 per cent of customer conversations and provide adaptive coaching, including completely automating some parts of the quality assurance and compliance tracking processes. The platform becomes smarter with each call analysis.

Observe.AI also announced that it has been accepted into the Microsoft for Startups program. With this relationship, Microsoft customers can leverage Observe.AI’s platform through its Azure marketplace.

Bio startup Aprogen just became South Korea’s 11th unicorn [Korea Herald]

South Korean bio venture firm Aprogen Pharmaceuticals Inc. has just been listed as the country’s 11th unicorn, according to an industry tracker on Tuesday.

Also Read: Meet the 8 Southeast Asian startups who will receive US$1-2M each from Sequoia’s Surge programme

With a valuation of more than US$1 billion as recorded by tech market intelligence platform CB Insights, the latest investment it secured was back in May. Aprogen received US$16.7 million in investment from venture capital firm Lindeman Asia Investment.

Aprogen is a venture enterprise founded with proprietary technologies in antibody engineering and recombinant protein engineering. It was founded by a professor at the Korea Advanced Institute of Science and Technology and has since established several cell lines for blockbuster biosimilars, including Remicade and Herceptin.

It also started the clinical development of multiple biosimilar products in Japan through an alliance with Nichi-Iko Pharmaceuticals Co.

South Korea ranks fifth in a global unicorn tally, with a combined 11 unicorns, including online retailer Coupang and Viva Republica, the operator of easy mobile remittance service Toss.

Techstars appoints Eunse Lee as Managing Director of Techstars Korea [Press Release]

The accelerator program Techstars announces the appointment of Eunsee Lee as its Techstar Korea’s managing director.

Lee had a three years stint in Los Angeles serving as a Founding Managing Partner at ELEVEN:ZULU Capital before returning to Korea in 2018 and taking a role as Managing Director of BEYOND STARTUP, a startup incubator in Seoul under the Seoul Business Agency.

Lee was also the founder of EICG, a boutique strategy, and consultancy agency.

In Techstars’ first-ever accelerator program in Korea, Lee will oversee the supporting and nourishing of the local startup ecosystem in Pangyo, Korea.

Lee stated that he will focus on three categories that startups may fall into during the application process, which are Enterprise Tech, Human-Device Interaction, and Lifestyle Tech.

The accelerator program itself will be hosted at the Pangyo Techno Valley campus (PTV), a business and innovation hub, known locally as the Silicon Valley of Korea. Techstars Korea is accepting applications through March 1st, and the program will run June 2020 through September 2020.

Good Doctor, Grab launch GrabHealth Powered by Good Doctor to open access to quality healthcare [Press Release]

Good Doctor Technology Indonesia, a health technology-based company, and Grab, announced the launch of a one-stop online health care solution within the Grab platform called GrabHealth, powered by Good Doctor.

GrabHealth powered by Good Doctor will be a one-stop medical health solution providing online health chat with a professional medical doctor, e-commerce for Health & Wellness products, and health, wellness, and lifestyle articles curated by medical doctors. Indonesia is the first market that Grab is launching digital healthcare services on its app.

Also Read: Singaporean biotech startup Curiox receives US$15M investment, planning Korean IPO

Dr. Adhiatma Gunawan, Head of Medical Management of Good Doctor Technology Indonesia, said, “Good Doctor Technology Indonesia has a vision of One Doctor for Every Family in Indonesia. This partnership with Grab is a breakthrough collaboration that will allow us to provide access to quality healthcare services provided by reliable healthcare professionals and facilities to Indonesian families across the nation.”

The move is a part of Softbank US$2 billion investment to Indonesia that was announced during a visit to President Joko Widodo last July.

Currently, GrabHealth powered by Good Doctor service is only available for all Grab users within the Greater Jakarta area (Jabodetabek). However, this service will also be widely released to other regions in Indonesia will soon follow.

TikTok’s creator tests out new music app in Indonesia, India [Tech In Asia]

Bytedance, the Chinese internet titan, reportedly has begun testing a new music app in India and Indonesia, with hopes to replicate the success of its short-video app TikTok.

The new app, called Resso, has been launched since six months ago and in its beta-testing phase, Bloomberg reported, citing numbers from Sensor Tower. The data also showed that the app began gaining traction during the end of November.

Earlier, it was reported that Bytedance was set to take on the likes of Spotify and Apple Music with its own music-streaming service, with planned initial launches in Indonesia, India, and Brazil.

What differentiates Resso is that it displays real-time lyrics and allows users to post comments on individual songs. Borrowing features from TikTok, users are able to generate music-accompanied GIFs and videos.

Resso offers a monthly subscription service, which costs the same as Spotify’s US$1.70 offer in India. With a subscription, Resso users can download songs for offline consumption and listen to music ad-free.

Picture credit: Observe.AI

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Insurtech startup Sunday raises US$11M Series A funding led by Quona Capital, aims to enable expansion

Sunday, a full-stack insurtech based in Thailand, announces that it has received a US$11 million extension to its Series A financing led by Quona Capital, a fintech venture firm whose funds are anchored by Accion, with participation from existing investor Vertex.

The company said that it will use the new funding to enable Sunday to expand its business and build enhancements to its proprietary core technology, which utilises machine learning to price premiums for health, motor, and travel insurance in real-time.

Launched in 2017, Sunday offers end-to-end insurance products and services powered by its machine-learning risk prediction engines.

“Over the last two years, Sunday has been focussed on redesigning the entire insurance journey using data and technology,” said Sunday co-founder and CEO Cindy Kua. “Today we’re able to deliver personalised coverage and superior customer experiences from initial insurance purchase all the way through to any claims, whether on the Sunday system or through its partner channels.”

“Insurance is such a vital part of how people all over the world achieve financial resilience,” says Ganesh Rengaswamy, co-founder and Managing Partner at Quona Capital. “Quona Capital is proud to back Sunday to not only make insurance more readily available to Thailand and other parts of Southeast Asia but to do so in a way that is consumer-friendly, fairly priced and transparent for users.”

Also Read: Insurtech startup Sunday Ins reveals the secret to win the Southeast Asian insurance market

Currently, Sunday provides solutions include real-time health, motor, and travel insurance premium pricing, employee health benefits platforms for corporate entities and their employees, mobile-first claims platforms for motor and health insurance, and a travel insurance pricing platform for travel agencies, among others.

Image Credit: Sunday

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Lazada’s ex-CMO’s startup raises Series A round, aims to help brands’ maximise e-commerce presence

Intrepid Group, a startup that seeks to help brands access all Southeast Asia e-commerce easily, has secured an undisclosed amount of Series A funding led by Kairous Capital, a regional venture capital specialised in cross-border investments between China and South East Asia.

Other investors include Sun SEA Capital, a Malaysia’s Sunway Group-backed venture capital firm, as well as the 500 Startups Vietnam.

Founded by ex-Lazada’s co-founders, Intrepid Group offers brands one-stop-shop access to Southeast Asia’s e-commerce.

Also Read: 500 Startups Vietnam closes its first fund oversubscribed at US$14M

It helps global brands optimise their e-commerce presence on e-commerce and social platforms such as Lazada, Shopee, Tokopedia, Facebook, Instagram that also includes running their stores and leveraging latest technologies in AI and automation, running their digital marketing to maximise returns on investment, as well as offering a wide array of data services to help brands in refining their e-commerce strategy.

“We are blessed to be at the heart of a booming industry, and our mission is to help brands surf on this tsunami,” said Charles Debonneuil, CEO of Intrepid Group who was the former CMO and co-founder of Lazada Group.

Intrepid said it already has offices across Indonesia, Philippines, Singapore, and Vietnam, with on-going office openings in Thailand and Malaysia.

“Consumer behaviour in Southeast Asia is rapidly evolving, many traditionally siloed activities on the brand side now need to converge, and we look forward to assisting in that new approach,” said Jasper Knoben, Chief Commercial Officer of Intrepid Group, who was formerly the Asia-Pacific E-commerce Director of Philips.

Debonneuil further explained that Intrepid has been focusing on building their core differentiators, their own technology stack with their technology hub in Vietnam; and their growing team of multi-cultural experts across various domains: e-commerce (with a large number of ex-Lazada/ex-Shopee employees), data, technology, marketing, fashion, fast-moving consumer goods, and home appliances.

Also Read: 8 e-commerce trends to look out for in Southeast Asia 2019

Intrepid said that it targets to become one-stop-solution with localised access to the six main Southeast Asia markets for global brands that are already present in the region, as well as brands from across the globe which are eyeing at Southeast Asia as their next growth driver.

Image Credit: Intrepid Group

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Why it’s not too late for India to become a world leader in AI

india

I was in India recently at a fintech conference in Mumbai, where I was blown away by the passion of feeling towards new technologies like artificial intelligence (AI). There is a palpable appetite among Indian entrepreneurs and corporate leaders to rise to the challenge of a new smarter, faster, and technologically driven world.

Even though it was a fintech conference, one of the central topics up for discussion was AI. Specifically, we were discussing the substance behind the hype of this technology for the Indian market. I came away believing more than ever that India is ready to adopt AI en masse, and that there is conviction among business leaders that the technology is maturing now beyond mere “hype”.

The areas I see the biggest opportunity for immediate disruption lie in banking, fintech, and financial services. A recent report by PwC India found that nearly half (44 per cent) of business leaders in this sector believe AI-enabled automation will have the highest impact on their businesses. Use cases identified by the report range from process streamlining, customer support, regulatory compliance, and other back-office operations.

Banking on AI

But I also see tremendous opportunity for India’s banking infrastructure to upgrade itself through AI to bring the country more in line with digital banks evolving elsewhere around the world, especially in parts of Asia like China and Singapore. Specifically, AI has the capability to bolster anti-fraud, eKYC, and credit scoring efforts of India’s banks and financial services – making them not just more automated but safer and more effective.

As banking infrastructure lies at the heart of today’s largest economies (just look at the power of Wall Street in the U.S. and its recent tie-ups with Silicon Valley in new offerings such as the Goldman Sachs issued Apple Card), it makes sense that to transform an economy you need to tackle its financial system first.

I see two very clear opportunities for how AI can help drive India’s banking and fintech ecosystem, slowly but surely putting India on the map as a world leader in the field of AI. First, AI-powered credit scoring will allow the “credit invisible” to quality for loans and support banks’ efforts to reach a new segment of underbanked consumers.

Sensible starting points

Second, there is a big opportunity around anti-fraud and eKYC. These two areas are key because they help financial institutions operate with more confidence in what can be risky environments. By automating the blacklisting of fraudsters and those applying for loans or financial products and services with fake IDs, business confidence is restored to financial markets and both the companies and consumers benefit. The only ones not benefitting are the bad actors.

Combined, these areas within India’s financial system are rife for disruption and, if transformed successfully through pervasive AI integration, should also help to raise the standards and profile of India’s financial markets with the international community. While we’re still some way away from an endpoint in terms of how AI plays out as a technology, these are some very clear and sensible places to start.

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Image credit:Pixabay

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