The Southeast Asian (SEA) startup ecosystem is off to the end of 2024 on a high note, with significant funding and acquisition activities shaping the landscape.
Singapore-based Tyme Group has become the region’s first unicorn of the year, raising US$250 million at a valuation of US$1.5 billion, according to DealStreetAsia. This milestone underscores the continued investor confidence in the region’s digital banking and fintech potential.
In the proptech space, EQT has completed its acquisition of PropertyGuru, signalling its ambition to strengthen its foothold in Southeast Asia’s real estate technology sector. EQT plans to leverage its resources to accelerate innovation, expand PropertyGuru’s market reach, and enhance operational efficiency.
Meanwhile, Eureka Robotics, a leader in factory automation solutions, has secured US$10.5 million in fresh funding to advance its AI-powered robotics technologies. Eureka’s solutions—widely applied in precision handling, AI-based inspection, and assembly—highlight the growing importance of automation in manufacturing.
After a period of difficulties, these milestones help us feel more hopeful about the upcoming year. We can look forward to a much brighter future in 2025.
Anisa,
Editor
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NEWS & VIEWS
Singapore’s Tyme Group raises US$250M, becomes first SEA unicorn in 2024
The company raises fresh funding at the valuation of US$1.5 million, DealStreetAsia writes
EQT completes PropertyGuru acquisition, seeks to strengthen its position in SEA proptech sector
EQT aims to provide PropertyGuru with resources to accelerate tech development, expand market reach, and improve efficiency
Eureka Robotics raises US$10.5M to power the future of factory automation
Eureka Robotics’ solutions are commonly used in AI-based inspection, precision handling, 3D picking, assembly, and dispensing
Funding the green transition: Southeast Asia’s climate tech leaders of 2024
In this feature, we spotlight the region’s notable climate tech startups that raised substantial funding rounds in 2024
VCs eye exits in 2025 as funding winter begins to thaw
This year has not been a good one for players in the venture capital (VC) space, Tech In Asia writes
FEATURES & INTERVIEWS
Empowering innovation: The role of government in scaling ASEAN’s GenAI ecosystem
GenAI’s future in ASEAN is bright, driven by government initiatives shaping its path toward greater innovation and economic growth
How Circular Unite tackles the unique challenges of promoting green tech solutions in SEA
Circular Unite is working in the area of waste management and recycling which remains “very” traditional. How do they deal with this?
What AWS has in store for SEA startups to support their innovation
At the recent AWS re:Invent 2024 conference, AWS announced its allocation of US$1 billion in Activate Credits for global startups in 2025
Temu’s Vietnam pivot could trigger direct showdown with Shopee
Cross border shopping platform Temu is feeling the heat in Vietnam, Tech In Asia writes
Indonesia’s warung-techs make strategic shifts to navigate tough times
While some have pivoted, others have switched on to asset-light model, DealStreetAsia writes
FROM THE ARCHIVES
Securing the future: Transforming industries through blockchain’s immutable ledgers
Advancing blockchain into mainstream acceptance necessitates innovative business models that empower creators through automated commissions
From gigabytes to zettabytes: How to develop a data-driven mindset
There’s so much data going around, that it’s become invisible, ubiquitous and all-encompassing in our lives
How to streamline AI development with distributed tech and data architecture
The future of AI is not just about building remarkable systems but doing so in a way that fosters collaboration and innovation among remote teams
How companies can successfully drive digital transformation through consolidations
The amount of planning and alignment that goes into a company’s internal processes will “make or break” its digital transformation
AI and ethics in digital marketing: Building trust in the tech era
AI presents a world of opportunities in digital marketing, but it also demands a new level of ethical responsibility
Fertile ground for partnership: How agritech boom in SEA holds a promise for Latin America
While the two regions may be separated by geography, culture, and language, they both share the realities of emerging economies and developing agricultural spaces
What Asia’s smallholder farmers really need and why startups should lead this uncontested race
If a tech company could tap into the smallholder farmers market, they would help lift a lot of people out of poverty
Genetics AI in Asia: Pioneering the future of technology
One of the most significant areas of innovation is genetics AI—a fusion of artificial intelligence and genetics research
The future of medtech in Singapore: Innovation amid regulatory challenges
The future of medtech in Singapore is bright, but only if we continue to innovate and adapt to the regulatory landscape
Healthtech data: The race for new oil in Southeast Asia
How similar are oil and data in the emerging healthtech sector in Southeast Asia, where valuations are rising but exits remain unproven?
How Malaysia is championing regenerative medicine technology
The risk of rejections occurring post-surgery can be significantly reduced by replacing artificial implants with tissue regeneration technology
THOUGHT LEADERSHIP
Are you selling a product or a solution?
Shifting to value creation and solution selling changes the focus, making you 100 per cent dedicated to meeting your customers’ needs
Startups and economic cycles: Navigating growth and recession
Gain insights into economic cycles and their impact on startups to enhance your understanding and improve your fundraising efforts
Why continuous learning is key to employee retention in the modern workforce
To retain Gen Z employees, it’s crucial to understand their workplace values and why continuous learning is important to them
How Web3’s open-source technology will create a more equitable world
Open-source code and protocols shape the internet’s future, enabling global participation and driving the evolution of technology
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