Gero founder Peter Fedichev
Gero raises funding to develop new drugs for ageing
The story: Singapore-based biotech company Gero has secured US$2.2 million in Series A funding, bringing the total capital raised since Gero’s founding to over US$7.5 million.
Investors: Bulba Ventures (Belarus), previous investors and serial entrepreneurs in the fields of pharmaceuticals, IT, and AI.
Plans with the money: To further develop its AI-based platform for analysing clinical and genetic data to identify treatments for some of the most complicated diseases, such as chronic ageing-related diseases, mental disorders, and others.
What does Gero do?
Gero is a group of companies that develops new drugs to treat complicated disorders using AI and physics of complex dynamic systems to analyse big datasets of biomedical data.
It collaborates with researchers from the leading global institutions such as the Harvard Medical School, Massachusetts Institute of Technology, University of Edinburgh, National University of Singapore, and Roswell Park Comprehensive Cancer Center to develop new therapies.
Gero’s AI platform is currently in use to develop new therapies, reposition existing drugs, forecast chronic toxicity and for clinical decision support.
People’s Inc. launches solution to aid Singapore’s SMEs
The story: People’s Inc. (PINC) has launched a marketing-as-a-service (MaaS) solution under the brand name of PINC 360 to aid and serve small businesses in Singapore in view of the onset of the COVID-19 pandemic.
What is PINC 360?
PINC 360 has launched “Wix and Shopify for small businesses’ social presence” platform, a tool to grow a small business with social media content.
The platform helps small business owners understand what specific content to post for their specific business. So, when to post, how often, what copy, design, call to actions and hashtags to use on Facebook, Instagram, LinkedIn, Twitter and Pinterest. Then the user needs to make final customisation and approve content for the whole month.
PINC 360 will post automatically at the right time and frequency, thus doing the heavy lifting for small business owners who really wouldn’t know where to begin in terms of creating and sharing content about their business.
The platform has access to 100,000-plus templates and images.
The pricing: PINC 360 starts at US$45 (platform-based) and DIFM at SG$ 388 per month.
Competitions: PINC 360 competes with visual design companies like Canva, Adobe Spark, and DIFM (‘do-it-for-me’) companies who do custom social content for small and medium businesses.
ECXX gets admission to MAS’s fintech sandbox
The story: ECXX Global, a company that operates digital asset exchange using blockchain technology, has secured admission from the Monetary Authority of Singapore (MAS) to the Fintech Sandbox Express2 under a Recognised Market Operator (RMO) regime.
What does this mean?
With the approval, ECXX targets to launch a blockchain-based digital securities exchange platform, ecxx.co, that offers various asset-based digital securities — such as real estate, private equity, venture capital and investment funds — to institutional and accredited non-individual investors.
What does ECXX do?
With its own in-house proprietary system, ECXX has been operating a digital asset exchange that allows both professional traders and retail investors to buy, sell and store digital assets.
Its digital exchange platform is integrated with MyInfo, the one-stop Singapore government identity platform. This integration allows KYC checks on members of MyInfo who can log-in to ECXX’s digital asset exchange using their SingPass.
Recently in June 2020, Hatten Land invested US$6 million for a 20 per cent equity stake in ECXX.
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Image Credit: Gero
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