Horangi
HK tycoon John Lau sues EmergeVest, demands US$45M back
He sued EmergeVest over the PE firm’s portfolio company EV Cargo’s alleged plan to operate in Greater China, where it would be rivalling Lau’s own Cargo Services Group.
Bitdefender to acquire Horangi Cyber Security
Horangi Warden offers a cloud-native solution that secures critical cloud infra for hundreds of organisations across all major public cloud platforms, including AWS, Azure, and Google Cloud.
Singaporean ex-Googler’s AI startup Reka raises US$58M
The lead investors are DST Global and Radical Ventures; Reka’s first commercial product Yasa is a multimodal AI ‘assistant’ trained to understand images, videos and tabular data in addition to words and phrases.
Singapore’s digital payment platform Sunrate raises funding
The investors include Prosperity7 Ventures and SoftBank Ventures Asia; Sunrate provides cross-border payment and treasury management solutions for businesses in emerging markets.
HK’s OneDegree raises US$27M to expand insurance reach in Asia
The investors include Gobi Partners, BitRock Capital, and Sun Hung Kai; OneDegree will use the funds to further expand in Asia and invest in its AI capabilities.
Carl Pei’s Nothing closes US$96M in funding ahead of Phone (2) launch
The startup’s first product – wireless earbuds Ear (1) – generated orders for 400,000 units when it launched in August 2021; This was followed by Nothing’s Phone (1) debut in July 2022 and Ear (2)’s rollout in March this year.
Korea’s Alwayz aims to make e-shopping fun with US$46M in funding
The investors include DST Global, KB Investment, and Korea Investment; Alwayz deviates from typical e-commerce platforms by incorporating social features like short videos and gamification into shopping to draw customers.
Preowned motorcycles marketplace iMotorbike scores US$2.6M
The investors include Gobi Partners, Ondine Capital, Penjana Kapital, and The Hive Southeast Asia; The funds will be used to strengthen its operations in Malaysia and Vietnam, besides investing in technology and talent.
Meet the 4 SEA startups of PepsiCo’s climate tech programme
They were the results of an open call PepsiCo did in March, when it sought solutions for sustainable packaging and climate reduction.
Indonesia’s Baskit raises US$3.3M in seed funding
The investors include Betatron Venture Group, Forge Ventures, Investible, and 1982 Ventures; Baskit focuses on digitalising and growing distribution businesses in supply chains.
Crypto.com to set up Singapore innovation lab
The lab will leverage Singapore’s strength as both a tech-driven city and a leading global financial hub to further accelerate the development of the nascent digital asset industry innovatively and responsibly.
Is there a sudden slowdown in the pace of digital transformation globally?
Matija Kapic of Infobip says if businesses refrain from adopting digitalisation, they will lose approximately US$145 billion of GDP growth.
Lessons from Echelon: Make cybersecurity a priority from day one of the business planning
Given the ever-evolving threat landscape, cybersecurity holds paramount importance for startups, demanding proactive measures from day one.
How layer-2 rollups boost Ethereum’s scalability for broader Web3 adoption
Two types of Rollups are currently very common: Optimistic and Zero-Knowledge (ZK); But while both methods contribute significantly to Ethereum’s scalability, they have considerable limitations.
Unleashing the power of specialised AI startups in the era of generative AI
To maximise the value of generative AI, startups should consider the optimal insertion point for their product within existing workflows.
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