Singapore’s quantum computing software startup Entropica Labs snags US$1.8M

Entropica Labs, a quantum computing software solution that is based in Singapore, announced that it has taken home S$2.6 million (US$1.8 million) in seed funding led by deep tech investor Elev8. Joining the round are government-owned deep tech investor SGInnovate, early-stage enterprise and deep tech venture capital (VC) firm Wavemaker Partners, Japanese software enterprise group TIS Inc, talent investor Entrepreneur First, family-owned heritage business Lim Teck Lee Group -chaired by Razer-backer Lim Kaling, VC firm V1 Capital, and US-based quantum computing startup Rigetti Computing, also participated in the round.

According to The Business Times, Entropica plans to use the funding to expand its technical team and continue the development of its proprietary software architectures as well as gaining greater access to a growing number of quantum computing systems.

Quantum computing is yet to reach large-scale adoption and to do so, users and researchers will need an extensive software layer analogous to the one that exists for conventional computers. Entropica offers the software to its users so it can give access to processors that are capable of solving problems that even the most powerful supercomputers cannot tackle.

Revolut welcomes new Singapore’s CEO, CCO, and Head of Growth into its team

Global fintech company Revolut has welcomed into its leadership team in Singapore a new Chief Executive Officer, Chief Compliance Officer, and Head of Growth shortly after announcing Martin Gilbert as Chairman of its Board, who previously sat on the MAS International Advisory Panel until early 2020.

Revolut appointed James Shanahan as Chief Executive Officer, responsible for growing Revolut’s local business and expanding into wider Asian markets. Shanahan joined Revolut in March 2020 and was previously Chief of Staff for Railsbank Technologies in SE Asia and Chief Operating Officer for Singlife.

Also Read: Revolut integrates with GooglePay for more seamless user transaction

Further reinforcing Revolut’s leadership team, Rayson Tan has been appointed Chief Compliance Officer, Chief Risk Officer, and Head of Legal at Revolut Singapore. Tan is a career Compliance and Risk professional with 20 years of financial services experience in some of the world’s largest financial services firms with a past stint as Managing Director in the Compliance & Regulatory Affairs department at Credit Suisse.

A seasoned executive with close to two decades of experience, Pam Chuang has been appointed as Singapore’s VP of Growth. She previously held leadership positions in financial institutions of all sizes across Asia, most recently as VP of Sales & Partnerships at GoBear, whereas part of the pioneer team she was instrumental in scaling GoBear across Southeast Asia and Hong Kong.

IDN Media acquires Demi Istri Production, launches IDN Pictures

Millennials and Gen Z-targeted online media IDN Media has acquired an independent film company, Demi Istri Production, and has launched IDN Pictures.

Demi Istri Production was founded in 2013 by Director ​Fajar Nugros and Producer ​Susanti Dewi​. After the acquisition, Fajar Nugros and Susanti Dewi will join IDN Media to lead ​IDN Pictures​.

By launching IDN Pictures, IDN Media is committed to continuing its vision to democratise information and become a one-stop content platform for Millennials and Gen Z in Indonesia.

Winston Utomo, Founder & CEO, IDN Media said: ​“Today we proudly announce the launch of IDN Pictures that marks the new beginning of IDN Media’s journey in the film industry. Through IDN Pictures, we want to continue our commitment to our vision: to democratise information and to become a one-stop content platform for Millennials and Gen Z. I am very excited to work together with Fajar Nugros and Susanti Dewi. I am confident and optimistic that under the leadership of Fajar and Susanti, IDN Pictures can become the leading film company in Indonesia that will bring positive impacts and inspiration to society.”

AnyMind Group launches cloud manufacturing platform AnyFactory

Marketing technology, entertainment technology, and HR technology company AnyMind Group, has announced the launch of AnyFactory, a cloud manufacturing platform that connects individuals and businesses with factories across Asia.

Also Read: AnyMind Group closes Series B funding at a total of US$21M

Starting with apparel and cosmetic manufacturers, the objective of AnyFactory is to help individuals and businesses produce a wide variety of products within the shortest amount of time at the best price and quality, instead of mass-producing a single product in that same amount of time.

Initially, AnyFactory will be rolled out to AnyMind Group’s direct-to-consumer business line, leveraging on a customer pool of social media influencers and talents. The platform will ease the production process and enable influencers to design, source and produce their own branded-merchandise.
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Picture Source: IDN Media

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