Singapore has emerged as the global leader in AI infrastructure, according to a new study by Arkance, a global platform for digital transformation in the architecture, engineering, and construction (AEC) industry.

The study analysed various metrics, including AI venture capital investment, talent pool, research output, broadband speeds, cybersecurity, and government technology maturity, to rank countries based on their AI infrastructure readiness.

Also Read: AI gold rush: How OpenAI’s Singapore expansion could reshape the startup ecosystem

Singapore achieved an impressive score of 8.91 out of 10, securing the top spot. The city-state boasts the highest AI venture capital investment per US$1,000 of GDP, reaching a remarkable US$14 million. This highlights the country’s thriving environment for AI innovation and its commitment to fostering a robust AI ecosystem.

The study also reveals that Singapore excels in AI talent, with 8.80 AI specialists per 1,000 LinkedIn members. Its research output is equally impressive, with 31.8 per cent of research papers involving AI – a staggering 90 per cent more than the United States.

Beyond its strong AI foundations, Singapore’s robust digital infrastructure plays a crucial role in its success. The country boasts impressive broadband speeds of 305 Mbps, outperforming Germany by over 3x. This, coupled with a cybersecurity score of 9.85 out of 10, demonstrates Singapore’s commitment to safeguarding its digital infrastructure.

South Korea secured the second position with a score of 7.71 out of 10, demonstrating its strong AI capabilities. South Korea shines in government technology maturity, achieving the highest score of 9.91 out of 10 in this category. The country also showcases advanced AI implementation capabilities with a score of 9.40 out of 10.

The United Kingdom claims the third spot with a score of 6.93 out of 10, highlighting its substantial investments in AI. Notably, the UK boasts the highest cybersecurity score globally at 9.95 out of 10, reinforcing its strong focus on digital security.

Finland and India share the tenth position with a score of 5.26 out of 10. While Finland demonstrates strength in AI talent and research, India exhibits strong progress in AI venture capital investment and research contributions.

The study underscores the growing importance of AI infrastructure in shaping the future.

As Greg Arranz, CEO of Arkance, notes, countries investing in AI infrastructure are positioning themselves for significant growth, global leadership, and breakthroughs in industries that depend on automation and efficiency.

Also Read: One-third of Singaporeans never used AI tools in their workplaces: Survey finds

The rise of AI-powered automation in sectors like AEC offers immense potential for streamlining design, enhancing construction management, and improving project outcomes. Building a robust digital ecosystem encompassing AI talent, research, and reliable internet infrastructure is crucial for advancing local economies and driving innovation.

As the global AI landscape evolves, Singapore’s leadership in AI infrastructure serves as a model for other nations seeking to harness AI’s transformative power. By prioritising key areas like investment, talent development, research, and digital security, countries can pave the way for a future driven by AI-powered innovation.

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Southeast Asia’s tech startup ecosystem witnessed a significant downturn in funding during November 2024, raising concerns about investor confidence in the region.

According to data from Tracxn, startups in the region secured a total of US$84.2 million across 20 funding rounds in November. This represents a substantial decline of 66.18 per cent compared to the previous month and a 76.55 per cent drop compared to the same period last year.

Also Read: Healthtech, edutech dominated SEA’s funding scene in past 5 years: Tracxn

The data highlights a worrying trend of declining investments in Southeast Asian startups. While several factors could contribute to this downturn, including global economic uncertainties and a potential shift in investor focus, it underscores the challenges startups face in securing capital.

Despite the overall slump, some venture capital firms remain active in the region. Notable players like Skyland Ventures, Wavemaker Partners, Kopital Ventures, and Skystar Capital participated in multiple funding rounds during November. These firms appear to be strategically targeting specific sectors and startups with strong growth potential, even amidst a challenging funding environment.

Key highlights from the November funding landscape include:

• Total funding: US$84.2 million across 20 rounds.
• Most active VCs: Skyland Ventures, Wavemaker Partners, Kopital Ventures, and Skystar Capital.
• Top deals: StakeStone, Cycle Network (Wavemaker Partners), Portcast, Pi-xcels (Kopital Ventures), Dat Bike, Mimin (Skystar Capital).

Also Read: Smaller in numbers, bigger in impact: Female founders secure larger seed rounds

The November funding figures serve as a stark reminder of the startup ecosystem’s volatility. While Southeast Asia holds immense potential for tech innovation and growth, startups and investors must navigate the current funding climate cautiously and adapt their strategies accordingly.

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In the global landscape of innovation and entrepreneurship, Singapore and Israel have emerged as formidable startup powerhouses. Despite their geographical and cultural differences, both nations have cultivated vibrant startup ecosystems that have driven impressive technological and economic growth.

This article delves into the comparative strengths and dynamics of Singapore and Israel, two hubs that are shaping the future of global innovation.

Strengths of Singapore

Singapore’s ascent as a startup hub is underpinned by several key factors:

Pro-business policies and ease of doing business

The Singaporean government has established a highly conducive regulatory environment for business operations. Ranked second globally in ease of doing business, Singapore benefits from streamlined processes for company registration, favourable tax policies, and robust intellectual property laws. These factors have made it an attractive destination for international entrepreneurs looking to set up shop in Asia.

Strategic geographic location

Situated at the crossroads of major global trade routes, Singapore serves as a gateway to the burgeoning markets of Southeast Asia. The city-state’s position has facilitated easy access to a diverse and expansive customer base, which continues to drive regional growth. Southeast Asia’s digital economy alone is projected to reach US$363 billion by 2025, providing ample opportunities for startups to tap into emerging markets.

Government initiatives and infrastructure

Programs like the Smart Nation initiative and investments in digital infrastructure have accelerated Singapore’s tech capabilities. Government agencies such as Enterprise Singapore and the Economic Development Board actively support startups through funding, mentorship, and expansion programs.

In 2021 alone, the government committed approximately US$25 billion to research, innovation, and enterprise efforts for the next five years, with a strong emphasis on digital transformation.

Education and talent development

Singapore’s emphasis on education, especially in science, technology, engineering, and mathematics (STEM), has cultivated a highly skilled workforce. The country ranked 19th globally for its digital skills proficiency, with particularly high levels of talent in emerging areas like AI and data analytics. This focus on STEM and collaborations between universities and industries create a continuous pipeline of talent to fuel the startup ecosystem.

Also Read: Money travelling: Insights from Singapore Fintech Festival on travel and finance

Strengths of Israel

Often dubbed the “Startup Nation,” Israel has built a dynamic startup ecosystem characterised by several unique advantages:

Culture of innovation and risk-taking

With a societal embrace of entrepreneurship and a willingness to take risks, Israel has developed a fertile ground for startups. This mindset is reflected in the numbers: Israel boasts the highest number of startups per capita in the world, with approximately 6,000 active startups in a country of just nine million.

Strong venture capital ecosystem and private funding

Israel’s venture capital landscape is robust, with significant investments fuelling startup growth. Despite adverse geo-political circumstances, recent fund-raising rounds have included series A rounds such as the US$10M raised by cash management startup Panax; to a US$200M series D raised by Armis security which increased its valuation to US$4.3 billion. Such funding rounds underscoring the confidence investors have in Israeli innovation.

Military technologies

Israel’s military, particularly its elite Unit 8200, has produced a wealth of technological expertise that transitions into the civilian sector. Many cybersecurity startups in Israel trace their roots to technologies originally developed for defence. This advantage has contributed to Israel’s leading position in cybersecurity innovation, with the country accounting for nearly 31 per cent of global cybersecurity investments in 2020.

Focus on deep tech and cutting-edge industries

Israeli startups frequently engage in deep tech fields such as artificial intelligence, biotechnology, and advanced materials. Israel ranks 10th globally in AI research output, with a strong focus on sectors like medical AI, which has driven innovations that contribute to advancements in health tech worldwide.

Also Read: 5 common mistakes in financial modelling during startup fundraising

Comparative growth dynamics

While both countries have thriving startup ecosystems, their growth dynamics differ:

Cultural attitudes toward entrepreneurship

Israel’s informal, direct communication style promotes rapid decision-making and adaptability—traits well-suited to the fast-paced startup world. In contrast, Singapore’s structured culture places a stronger emphasis on planning and risk mitigation, a difference that shapes how startups in each country approach challenges and opportunities.

Regulatory frameworks and government support

Singapore’s government takes a proactive role in supporting startups through grants, tax incentives, and infrastructure development. Meanwhile, Israel leans more heavily on private sector initiatives and venture capital to fuel growth. The two approaches reflect the unique strengths of each nation: Singapore’s stable, top-down government support and Israel’s agile, innovation-driven private sector.

Challenges faced

Both nations face limitations. Singapore, with its smaller domestic market, often requires startups to pursue international expansion early. Israel’s startups, on the other hand, contend with geopolitical challenges and similarly rely on global markets from the outset. These factors drive both ecosystems to prioritise adaptability and global reach.

Global impact and future outlook

Both Singapore and Israel wield significant influence over global tech trends. Singapore’s strategic location and pro-business environment position it as a gateway for startups looking to penetrate Asian markets.

Meanwhile, Israel’s deep tech capabilities contribute to advancements in diverse industries, from AI to cybersecurity. As startup ecosystems, both countries offer valuable insights into fostering innovation and scaling businesses on a global stage.

Whether it’s Singapore’s regulatory strengths or Israel’s culture of bold innovation, each country provides a unique model for building a thriving, globally impactful startup environment.

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Inside SAFE STEPS: How community engagement and tech innovation drive disaster resilience

In recent years, Asia has endured a series of devastating natural disasters. From the relentless monsoon floods in India and Pakistan to the widespread destruction caused by Typhoon Saola in the Philippines and Hong Kong, the region is no stranger to the force of nature. These calamities have underscored the urgent need for innovative solutions to protect vulnerable communities and strengthen disaster preparedness. With climate change intensifying the frequency and severity of such events, the time for action is now.

Against this backdrop, Prudence Foundation brought together innovators, industry leaders, and passionate advocates in a virtual forum. D-Tech Spotlight: Disaster Resilience via Technology, held last 27 November, showcased what technology can do to mitigate disasters. Central to the event were 13 innovative startups revolutionising this space. Joining them were Amazon Web Services (AWS), the United Nations Office for Disaster Risk Reduction (UNDRR), and other key organizations, supported by the leading tech media platform, e27.

Also read: Can Southeast Asia’s climate tech heroes bridge the gap between profit and planet?

Prudence Foundation leading the charge in disaster resilience

With climate change accelerating the frequency and severity of natural disasters, the need for innovative solutions to build resilience has never been more urgent. “With increasing threats from climate change, the need to build resilience and support disaster mitigation solutions has never been greater,” said Nicole Ngeow, Director of the Prudence Foundation. She underscored the foundation’s long-standing commitment to disaster risk reduction, particularly through its flagship initiative, the D-Tech Awards. This program identifies and supports emerging technologies that can protect lives and livelihoods before, during, and after disasters.

The program has evolved over the years into a powerful community-driven initiative. Specifically, it aims to catalyze investments and innovations focused on disaster resilience. By bringing together a diverse range of stakeholders, Prudence Foundation fosters collaboration. Together, they tackle the growing challenges posed by climate-related hazards. Its stakeholders include startups, government agencies, and private sector leaders. Through programs like D-Tech Awards and D-Tech Community Hub, the foundation seeks to promote scalable solutions. These not only address immediate disaster impacts but also strengthen communities in the long term. As a result, communities are better prepared for future crises.

Building resilience together: Insights from leaders at D-Tech Spotlight

Tuan Nguyen, AWS Senior Partner Lead for the Public Sector Industry (APAC), then shared insights into Amazon’s disaster preparedness efforts. This includes their work with CropIn to reduce crop loss using climate-resilient technologies. Through this collaboration, AWS helps provide farmers with predictive analytics and real-time weather data.  This optimizes agricultural practices, ensuring that crops are better protected against unpredictable climate patterns. “Since 2017, we’ve responded to 145 natural disasters, leveraging cloud technology to enable solutions like climate-resilient agriculture,” he shared.

Takeshi Komino, Vice President of Asian Disaster Reduction and Response Network (ADRRN), spoke on the resilience movement in Asia. He acknowledged the region’s vulnerability to disasters and called for a transformation towards greater resilience by 2030. He stressed the need for innovation, particularly in addressing cascading risks from climate-related disasters. Building on this, UNDRR’s Yanick Michaud-Marcotte reinforced the importance of the private sector in disaster risk reduction. He noted their work with organisations like ADRRN and emphasised the shared responsibility between government, private sector, and technology providers in reducing disaster impacts.

Showcasing health and water sanitation tech

D-Tech Spotlight showcased a series of innovative companies that are transforming disaster preparedness and response using technology. This includes sectors like healthcare, water and sanitation, disaster management, connectivity, mobility, and community resilience.

StratifiCare and HELF AI are using AI and predictive analytics to address health risks during natural disasters. StratifiCare focuses on optimizing hospital resources during dengue outbreaks, using StratifiDen, a predictive blood test, to prioritize patient care and reduce unnecessary hospitalizations. HELF AI, through its platform, provides real-time guidance for healthcare professionals in emergencies, improving decision-making and disaster management in developing regions.

Wateroam and DayZero are tackling water scarcity and purification in disaster-affected areas. Wateroam’s portable filtration systems, such as the ROAM Protector Plus, provide clean drinking water in under an hour, with the goal of reaching 30 million people by 2030. DayZero offers a UV water purifier that works without external power, ensuring access to safe drinking water in emergencies. Both companies focus on supporting Sustainable Development Goal 6 by improving water access during disasters, and their technologies are already being tested and implemented in regions affected by crises.

Also read: Living in the age of disasters: How global partnerships are shaping D-Tech

Highlighting monitoring and communication

The D-Tech Spotlight session also highlighted advances in disaster management and monitoring. Alerto PH uses IoT and AI to deliver early alerts for natural hazards like storms and floods, enabling more effective emergency response. USHER Technologies monitors earthquake and structural health in real time, protecting critical infrastructure, while Kinetic Analysis Corporation provides predictive modeling for tropical cyclones, helping governments and businesses prepare for and mitigate disaster impacts. These technologies aim to enhance disaster resilience through early warning systems, improved infrastructure safety, and predictive analytics.

In the realm of connectivity, Kacific Broadband Satellites is addressing the need for reliable communication in remote regions, offering satellite-based internet and portable kits for disaster response. Similarly, Bike Scouts, through its SuperScout App, connects local communities and provides real-time disaster monitoring using AI and mesh networks. These technologies empower communities to respond more effectively to disasters, bridging communication gaps during crises and ensuring better coordination among responders.

Also read: Inside SAFE STEPS: How community engagement and tech innovation drive disaster resilience

Innovative mobility solutions for disaster response and rescue

The Go Bike Project from the Philippines and Uptime Rescue by Zeal Industries showcase how mobility can transform disaster response and safety. Go Bike trains youth volunteers, equipping them with bicycles outfitted with emergency supplies to deliver aid swiftly in disaster-stricken areas. Since its founding in 2019, the initiative has expanded to 41 communities with 2,000 volunteers actively participating in preparedness drills and healthcare services. By empowering local youth and fostering partnerships with governments and NGOs, Go Bike not only enhances disaster readiness but also promotes health and eco-friendly transport. Discussions around its scalability and potential for international youth collaborations highlight its far-reaching impact.

Zeal Industries’ Uptime Rescue targets small-scale fishers in high-risk areas with an innovative wearable tracking device integrated into clothing. Automatically activated in emergencies, it provides real-time location tracking, drastically reducing rescue times and increasing survival rates. With a hybrid funding model and recognition from prestigious awards like the Responsible Seafood Innovation Award, Uptime Rescue is poised to enhance maritime safety for vulnerable fishing communities. Together, these initiatives exemplify how mobility-driven solutions can address land and sea challenges, fostering resilience and saving lives.

Fostering community resilience through tech and collaboration

Lastly, Lambdai Space and Boosty are driving community resilience through their respective technologies. Lambdai Space uses satellite data and AI to monitor climate risks and improve disaster risk reduction, especially in agriculture and insurance. Boosty connects communities to clean energy solutions and emergency services, ensuring reliable power during crises and contributing to long-term sustainability. These companies exemplify how technology can support communities in adapting to climate change and building resilience against future disasters.

One clear takeaway at D-Tech Spotlight was the growing importance of collaboration across sectors to drive change in disaster preparedness. As Nguyen remarked, the presence of both private and public organisations underscored why unified efforts can improve disaster resilience. Together, NGOs, startups, and governments reflect the growing recognition that unified efforts are key. This cross-sector collaboration not only strengthens disaster management but also promotes long-term resilience. Ultimately, more lives are saved and economic and social impacts are minimised.

Also read: Empowering disaster resilience via technology with D-Tech Spotlight

Forging ahead with SAFE STEPS D-Tech Awards

“The journey toward disaster resilience doesn’t end here,” said Ngeow. “Through the SAFE STEPS D-Tech Community Hub, we aim to foster continuous innovation and collaboration.” A major part of this initiative is the SAFE STEPS D-Tech Awards. Established to foster more resilient communities, it aims to harness the power of technology to mitigate the loss of life and reduce the economic and social impacts of disasters. Through collaboration with its partners, the program offers a platform for technology solutions to thrive and help communities better prepare for, respond to, and recover from disasters.

The virtual event supported by e27 concluded with the announcement of important dates for the 2025 D-Tech Awards. Applications will open on 3 February 2025, followed by a virtual launch on 10 February, and the virtual semifinals on 30 April. The in-person finals will take place at Echelon 2025, a key gathering for tech innovators and entrepreneurs hosted by e27, on 11 June 2025. The D-Tech Awards aims to continue empowering startups and organizations with the resources to drive disaster resilience solutions and create lasting impact in vulnerable communities.

Want to join the D-Tech Community Hub? Sign up here!

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This article is produced by the e27 team

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At the 2024 Asia New Economy Summit organised by the World Digital Chamber, leaders shared a vision for sustainable growth, underscoring the power of digital innovation and green practices in shaping Asia’s economic future. Across ASEAN, digital transformation is already unlocking economic opportunities while addressing environmental goals. From financial technology to e-commerce, digital platforms empower businesses and individuals alike.

At this event, I was given the privilege to highlight how platforms are turbo-charging industries, enabling new pathways in fields like real estate and digital commerce.

Digital transformation: The path to inclusivity and sustainability

Digital growth in Southeast Asia is reshaping industries, with digital inclusion and accessibility as top priorities. ASEAN’s initiatives in digital literacy and infrastructure foster broader participation in the digital economy, reaching rural and underserved communities.

In Malaysia, digital platforms in real estate and e-commerce are enabling SMEs and individuals to leverage the digital economy through mobile devices. Companies like Xamble are building an ecosystem of 20,000 influencers driving commerce growth.

However, as reliance on digital platforms grows, so does the need for strong cybersecurity and data governance. ASEAN’s focus on digital trust ensures privacy and security keep pace with innovation, critical for maintaining user confidence and sustaining growth.

Green growth and economic opportunity

Green growth is at the heart of ASEAN’s sustainability strategy, as digital technologies facilitate renewable energy, smart city planning, and eco-friendly infrastructure projects. Platforms are being used to monitor emissions and optimise energy usage, with technologies like AI and IoT enabling real-time environmental tracking and transparent reporting on sustainability metrics.

Also Read: Financial literacy in Southeast Asia is set to match industry growth

ASEAN’s carbon tracking markets, powered by blockchain, exemplify the synergy between digital and green initiatives, providing accountability and environmental responsibility.

The synergy of digital and green initiatives

The convergence of digital and green transformation presents new possibilities for ASEAN. Digital tools streamline environmental tracking, while data analytics and IoT improve energy distribution. Digital transparency helps companies meet environmental targets, allowing ASEAN to balance growth with sustainability and showcase Asia’s leadership in this dual transformation.

Public-private partnerships and policy alignment

Policies and partnerships are pivotal to ASEAN’s strategy. Governments are fostering innovation through incentives and infrastructure, while public-private partnerships mobilise capital for digital and green initiatives, advancing Southeast Asia’s sustainable digital economy. Investment in skill development ensures the workforce is ready for the digital and green opportunities ahead, addressing a critical gap as these sectors expand.

Conclusion: Asia’s promise in leading global transformation

Asia stands on the threshold of a powerful transformation, capable of setting global standards in sustainable digital innovation. By merging digital growth with green initiatives, ASEAN is building an inclusive, resilient, and environmentally conscious economy.

This integrated approach not only strengthens economic resilience but also positions Asia as a leader in the world’s digital and sustainable future. Through bold policies, collaborative partnerships, and continued investment in innovation, Asia’s journey forward is both an inspiration and a model for the rest of the world.

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Editor’s note: e27 aims to foster thought leadership by publishing views from the community. Share your opinion by submitting an article, video, podcast, or infographic.

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Dear reader,

The decline in Singapore’s venture capital market underscores a global funding winter that has cooled deal-making from Silicon Valley to Singapore. With venture funding plummeting to US$4 billion in 2024’s first nine months, half of 2022’s levels, the numbers paint a stark picture. But these figures alone do not capture the full story.

Global economic headwinds—rising interest rates, inflation, and investor caution—are reshaping the VC landscape. Startups are grappling with elongated fundraising cycles and an intensified emphasis on profitability. For deep tech, characterised by capital-heavy, long-horizon innovation, the retreat in investment feels particularly acute. Yet, amid the gloom, there are reasons for guarded optimism.

Singapore’s dominance in ASEAN deal activity remains unchallenged, accounting for 68% of regional deal value. The government’s proactive approach is commendable: initiatives like the expanded Startup SG Equity scheme and the formation of SG Growth Capital reflect an unwavering commitment to nurturing innovation. Stage One, a one-stop platform for startups, signals a forward-thinking effort to bridge global connections.

Singapore’s strength lies in its adaptability. By doubling down on deep tech and leveraging robust public-private collaboration, it positions itself to weather the funding winter and emerge with renewed vigour. The country’s resilience reinforces its standing as a global startup powerhouse—one eye firmly on the challenges, the other on the future.

Sainul,
Editor.

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NEWS & VIEWS

Singapore’s VC market cools down in 2024, mirroring global trend
Despite a declining VC market, Singapore leads in ASEAN deal activity, accounting for 58% of deal volume and 68% of deal value in the first nine months of 2024.

Japanese crypto exchange DMM Bitcoin to shut down
This follows a security breach in May, which led to the theft of ~4,503 bitcoins, valued at US$306M at the time; By March 2025, the exchange will transfer its customer accounts and custodial assets to SBI VC Trade, the cryptocurrency division of SBI Group.

Maybank revises up GoTo revenue forecasts
Maybank has raised the firm’s target price to IDR 105 (US$0.0066) from IDR 95 (US$0.006); GoTo’s revenue beat its forecast due to the stronger-than-expected on-demand services (ODS) segment and expansion into the lending business.

Taiwan’s TMYTEK secures US$40M Series B to boost 5G, satellite tech
Amazing Microelectronic Corp. and EZconn Corporation led the round; TMYTEK offers innovative devices, beamforming development kits, and phased arrays with antenna-in-package tech, enabling faster industrial innovation and time-to-market.

UnaBiz secures strategic investment from Sunseap co-founder Frank Phuan
The customised IoT solutions provider claims to have achieved over 10x increase in recurring revenue and added over 5 million new devices to its global 0G Network.

Rakuten to raise US$500M via bond sale
The company intends to issue hybrid perpetual notes, which can be called after five years; Additional details about the bond sale are yet to be disclosed.

Malaysia’s Catcha Digital acquires 51% stake in Nexible Solutions for US$2.56M
This marks Catcha Digital’s expansion into the IT sector, specifically in SaaS and AI solutions; Nexible’s product Outperform is an AI-powered sales automation platform that enables businesses to effectively manage leads and customer relationships.

Employee is suing Apple over monitoring employee personal devices
The suit claims Apple’s policies allow it to monitor workers even when off duty; The employee claims Apple used its policies to harm his employment prospects.

Indian online ID verification firm Signzy confirms security incident
The Bengaluru-based startup, which serves over 600 financial institutions globally — including the four largest Indian banks — was hit by a cyberattack last week.

Elon Musk files for injunction to halt OpenAI’s transition to a for-profit
The motion is the latest salvo in Musk’s legal battle with OpenAI, which, at its core, accuses the company of abandoning its original nonprofit mission to make the fruits of its AI research available to all.

1337 Ventures Partners with GX Bank to lead TeXnovasi Accelerator
This six-month programme invites Malaysian seed-stage startups passionate about developing impactful solutions to address Malaysia’s critical financial challenges.

FEATURES & INTERVIEWS

From lab to fab: Inside Applied Ventures’s stage-agnostic deep tech investments
Applied Ventures’s Global Head Anand Kamannavar speaks about the key focus areas, investment criteria, trends, and expansion.

Super app remains primary driver of AI innovation in Asia’s fintech industry: Money20/20
Prevalent in China, Indonesia, and India, super apps thrive where users expect a single platform to handle multiple aspects of their lives.

Echelon PH 2024: Pavel Fedorov discusses Salmon’s entry into the Philippines
The Echelon Philippines fireside chat delved into Salmon’s approach to bridging the gap between digital solutions and traditional rural banking.

FROM THE ARCHIVES

Why we need to stop glamourising startups with fancy labels and focus on real metrics
If we look closely at these words and all the associated buzz around them, we’d see that something is clearly rotten in the startup world.

How big data in healthcare influences better patient outcomes
By organising and analysing health information, healthcare providers can find ways to significantly improve outcomes for patients and effectively save lives.

Fractional helps startups figure out marketing leadership with its fractional CMO service
Fractional curates the region’s top marketing leaders to work for companies on a fractional or part-time basis.

The art of AI integration: Growing your business with chatbots and human expertise
By learning how to balance AI integration and human touch, businesses will be able to handle complexities and be more customer-focused.

A new insights attitude for SMEs in the era of the ‘insights engine’
Adopting an all-hands-on-deck insights attitude, SMEs can reach new horizons with sails as effective as insights engines.

Will flexitime become the norm in Southeast Asia?
In light of Singapore’s new flexitime guidelines, it’s time to rethink the traditional nine-to-five work model and embrace agile hiring practices.

Conquer the B2B SaaS game: 10 content marketing strategies for startups
Content marketing is a powerful tool for B2B SaaS startups looking to generate leads and establish a strong market presence.

Beyond competition: Harnessing the power of partnerships in business
The philosophy of proactive partnership is integral to our agency and partners’ progress, serving as more than just a strategy but a core business practice.

Malaysia’s digital dilemma: Stuck in the past or embracing the future?
Malaysian businesses can emulate successful strategies from global rivals by integrating martech systems into their operations.

Coded in your DNA: How Singapore can help avert a global data storage crisis
Using DNA to store data could help to avert a looming data storage crisis – and Singapore could play a key role in making this method viable.

Bursting the big data bubble: Why we don’t need more data scientists
Deciding to become data-driven can be a long, difficult process that, once decided, can spur a rush to try to attract data specialists and make scientific inferences before knowing the real problem.

Become a millionaire investor while scaling sustainability impact in the world
Impact startups have increasingly contributed to addressing challenges such as climate change, poverty, gender inequality, and the pandemic.

9 things you never knew about DAOs
Now that DAOs have started creeping into wider company governance conversations, let’s look at what you may not know about DAOs.

The future of recruitment in Web3 era
Web3 can provide an ecosystem where a credential holder can share a zero-knowledge proof presentation without sharing the original credential.

THOUGHT LEADERSHIP

Remote hiring in 2024: The pros, cons, and everything in between
The impact of remote hiring in the post-pandemic era: discover why companies are reevaluating their strategies for 2024 and beyond.

Strategies for effectively integrating AI into your organisation
Integrating AI into your organisational strategy demands vision, planning, and adaptability to drive meaningful outcomes.

Bridging generational gaps: Leadership in the evolving tech workforce
Adapting to change and meeting diverse workforce expectations can drive significant short and long-term business benefits.

The post Ecosystem Roundup: Singapore’s VC market cools down in 2024 | Japan’s crypto exchange DMM Bitcoin to shut down appeared first on e27.

KPay Group, a Hong Kong- and Singapore-based financial management and business operations platform, has secured US$55 million in its Series A funding round.

This round was led by Apis Growth Markets Fund III and Apis Global Growth Fund III, managed by Apis Partners, a UK-based ESG and impact-native global private equity asset manager.

Also Read: Money travelling: Insights from Singapore Fintech Festival on travel and finance

The investment will fuel KPay’s expansion plans across key Asian economies, including Indonesia, the Philippines, Malaysia, and Thailand. The company will also utilise the capital for organic growth and strategic mergers and acquisitions.

This funding round is significant given the current state of fintech funding in Asia Pacific. Fintech funding in the region hit a six-year low in the first half of 2024.

Founded just over three years ago, KPay empowers businesses with technology solutions. Its one-stop platform helps merchants with financial management, business operations, and digital transformation across Asia.

The company says it serves over 45,000 merchants across Hong Kong, Singapore, and Japan and has achieved a 166 per cent revenue compound annual growth rate (CAGR).

Davis Chan, co-founder and CEO of KPay, said: “We are excited to use this funding to not only expand our existing markets’ SME merchant base, but also broaden our reach into new merchant industry categories, merchants of all sizes, and merchants operating in other underserved markets across Asia. This will bring us closer to our ambitious goal of supporting one million merchants over the next five years.”

Also Read: The future of payments in SEA: Regional cooperation remains critical in pushing for progress

Christopher Yu, President and CFO of KPay, added: “Securing this funding gives us financial strength and flexibility to enhance our product innovation, go-to-market speed, customer experience, and operational excellence.”

The post KPay nets US$55M for expansion amid Asia’s fintech slowdown appeared first on e27.

All across the globe, it seems that no one is breathing easy. In fact, the World Health Organisation (WHO) estimates that 99 per cent of the global population breathes air that contains high levels of pollutants. With polluted air leading to increased health risks and even deaths, becoming the second leading cause of non-communicable diseases (NCDs) globally after tobacco, it’s imperative that everyone must play a part in literally clearing the air.

Malaysia in particular is a country that has battled air pollution for a long time, and while we’ve come a long way from it being enough of a problem to prompt a state of emergency declaration — back in 2005 when our Air Pollution Index (API) exceeded 500 — we still have a long way to go, as our API readings still aren’t particularly healthy.

In addition, our recent monsoon season has seen a lot of trees not only being naturally uprooted, but also cut down for safety purposes. While that removes risk in one way, the lack of greenery in both agricultural and urban areas also contributes to increased air pollution as a whole due to the uptick in carbon dioxide emissions.

So what are the main causes of air pollution in Malaysia? How can we not only fight it at its source but also make moves to breathe clean air in our own homes?

The hazy origins of air pollution

There are three main causes of air pollution in Malaysia. Firstly, forest and peatland fires are a major contributor to hazy weather, with 22,000 open burning incidents reported in 2021 alone; the agricultural sector, peatlands, and both legal and illegal landfills are all listed as primary hotspots for open burning between 2020 and 2023.

Next, our commutes have a massive impact on air quality. Malaysia’s urban areas have consistently recorded the highest levels of air pollution compared to non-urban areas, which has inevitably been impacted by the growing number of vehicles on our nation’s roads leading to a massively increased output of exhaust gas.

Also Read: Smarter Cities will help, but not solve, global pollution crisis

Furthermore, air pollution is also caused by industrial activities, with pollutant emissions coming heavily from the energy, waste, and industrial processing sectors burning fossil fuels in mass quantities, which include coal, natural gas and oil.

With these massive sources of air pollution, what can Malaysians do to combat this issue on both a micro and macro level?

A variety of pollution solutions

Knowing all this, it’s clear that Malaysians need to take targeted actions at multiple levels. Firstly, to address haze caused by open burning, increased monitoring through satellite technology and patrols could help detect and control fires swiftly; and while strict enforcement and penalties for illegal burning could serve as strong deterrents, providing farmers with alternatives — like composting and crop rotation — is also crucial to reduce their need for open burning.

Meanwhile, the increase in vehicle emissions could be managed by investing in public transport systems that are reliable, affordable, and convenient, as well as promoting carpooling initiatives and developing pedestrian-friendly walkways. Of course, there’s also the need to create better infrastructure to better accommodate both electric vehicles (EVs) and hybrids, making those more environmentally-friendly options more accessible.

Also Read: Is Singapore ready for the EV revolution?

Looking at industrial emissions, enforcing strict emission standards that are backed by regular inspections and fines would hopefully hold industries accountable for their environmental impact.

Additionally, with the upcoming Budget 2025 predicted to be greener overall, ideally there can be governmental funds dedicated to streamlining and speeding up the adoption of more energy-efficient technologies and implementing energy management systems, which not only reduce air pollution but can also cut operational costs.

At the individual level, Malaysians can contribute by reducing, reusing, and recycling waste, which helps lower landfill use and reduces the need for burning. For indoor air, installing air purifiers would also contribute to healthier breathing in general, with multiple levels of filtration that accounts for all manner of allergens, pathogens, and other harmful particles.

All in all, by combining policy changes, sustainable practices, and personal responsibility, Malaysians can work towards cleaner air, healthier living, and a more sustainable future for everyone.

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The semiconductor industry in Singapore plays a pivotal role in the global chip supply chain, contributing approximately 7 per cent to the nation’s GDP. Renowned for its robust ecosystem, the industry includes significant investments from global leaders like Applied Materials, GlobalFoundries, and Soitec. Singapore is home to over 60 semiconductor companies, supported by a highly skilled workforce and advanced infrastructure.

Recent developments underline Singapore’s strategic importance. For instance, GlobalFoundries is building a US$4 billion fabrication plant, while Applied Materials is expanding its Singapore footprint with an advanced facility in Tampines, slated to open in 2024. This facility will focus on developing innovative semiconductor technologies, including 3D chip integration, in partnership with local research institutes.

Also Read: SEA’s role in the global semiconductor supply chain is poised to strengthen: GlobalFoundries’s Siah Soh Yun

Similarly, Soitec is enhancing its operations in Singapore to meet the growing demand for energy-efficient chips in sectors such as automotive and mobile communications.

Singapore’s neutral geopolitical stance and efficient logistics system make it an attractive hub for chipmakers looking to diversify their supply chains. Government initiatives, such as tax incentives and R&D support, further bolster the sector’s growth, positioning Singapore as a critical node in addressing global semiconductor demands.

We have compiled a list of top startups that transforms the island nation’s chip industry below:

Silicon Box

Silicon Box aims to bring affordable, high-performance, power-optimised, scalable solutions that enable next-gen large language models (LLM), generative AI, automotive, data centres and mobile computing. The startup enables chiplet architecture, allowing chip designers freedom from the constraints of a single, monolithic chip for processing. By leveraging multiple smaller chips interconnected in a single package, chip designers can create the equivalent of a “system-on-a-chip” (SoC) in a package.
Founding year: 2021
Total funding raised: US$407.6 million
Investors: BRV Capital Management, Event Horizon Capital, Hillhouse Capital Management,
Lam Capital, Maverick Capital, Praesidium Capital, TDK Ventures, UMC Capital, Tata,
Grandfull Convergence Fund, Ally Capital Holdings, and Ignite Innovation.

Divergent Technologies

Divergent Technologies provides turn-key operation, technology consultation, equipment trading, design and services to the worldwide semiconductor industries. It distributes MPI Corporation’s Advance Semiconductor Test System probing solutions for South Asia Pacific, Korea and China.
Founding year: 2024
Total funding raised: US$330 million
Investor: Hexagon.

Zero-Error Systems (ZES)

ZES develops space-grade IC solutions. The company offers QML-qualified, gain flight legacy, and is radiation-hardened for deep space. It also provides autonomous vehicle products. It provides various pending patents regarding the development of IC solutions for autonomous vehicles.
Founding year: 2019
Total funding raised: US$9.35 million
Investor: Airbus Ventures, Dart Family Office, Nanyang Technological University, Seeds Capital,
Silicon Solution Partners, and SEEDS Capital.

Endofotonics

Endophotonics is a medical device company that has developed an endoscopic system based on Raman Spectroscopy. The integrated molecular diagnostic system (IMDX) consists of a Raman Spectroscope, a proprietary specially designed fibre-optic confocal Raman endoscopic probe that comprises a central light delivery fibre for laser light delivery and collection fibres for in vivo tissue Raman signal collection of tissue spectra and can be inserted into the instrument channel of conventional endoscopes and a proprietary control software that enables epithelial molecular information to be extracted and analysed in real-time.
Founding year: 2014
Total funding raised: US$8.5 million
Investors: ZIG Ventures and SEEDS Capital.

Atomionics

It provides Quantum sensors for environmental sensing applications. The company’s product is a gravimeter named “Gravio” which senses the underground infrastructure for land, sea, etc. It can be attached to vehicles for surveying lands, etc. The product is said to provide navigation assistance where GPS doesnt work.
Founding year: 2018
Total funding raised: US$1863640
Investors: Paspalis, Wavemaker Partners, SGInnovate, Cap Vista, Entrepreneur First, 500 Durians, and RISE.

Also Read: Driving semiconductor innovation: AMD’s vision for AI and sustainability in Singapore

Nanolumi

Nanolumi is an advanced materials company that provides optical materials and optical material platforms for challenging but diverse applications. It uses a host of proprietary nano- and molecular technologies.
Founding year: 2018
Total funding raised: US$1 million
Investor: NUS Enterprise

Microtube Technologies

Impact Sensors is a manufacturer of impact sensors. The firm develops stretchable microfiber sensing elements that can be embedded in wearable items. These elements have applications in fitness, healthcare, augmented and virtual reality, and metaverse.
Founding year: 2018
Total funding raised: US$809,800
Investor: Greenwillow Capital Management

Attonics Systems

Attonics Systems, a spinoff from the National University of Singapore, has developed miniature, ultra-fast spectrometers that can be used in areas such as medical diagnostics, environmental screening, and defense and security.
Founding year: 2015
Total funding raised: US$700,000
Investors: SEEDS Capital, Apsara Capital, Moveon, Wavemaker Partners, and Venturecraft.

GridComm

It provides power line communication solutions. These solutions transform meters, streetlights, homes, industrial buildings, and other appliances into energy-aware smart devices that react to grid conditions. Additionally, it offers street lighting solutions, light management software, and components.
Founding year: 2012
Total funding raised: US$555291
Investors: Get2Volume, LCR Hallcrest, Unreasonable Capital, Ontrack Advisory, Miniata Management, Futurity, TYLT Ventures, Tornado Sprayers, and Bismarck.

Plunify

Pulnify is a platform that focuses on the FPGA design flow of the semiconductor chip design industry. It uses big data and machine learning to manage the design of FPGA flows. Plunify’s products include the EDAxtend platform, a cloud platform that integrates chip design flows, and Intime, software that solves FPGA design problems through machine learning without the need to modify source code.
Founding year: 2009
Total funding raised: US$478,970
Investors: Kumpulan Modal Perdana, Lanza techVentures, Get2Volume, and Solidum Solutions.

Also Read: From keypads to chips: How Polymatech advances semiconductors with sustainability at the core

Nanoveu

Nanoveu provides 3D Displays and screen solutions based on nanofilms. Its technology is based on thin film-based nanostructures that shape our vision when viewed through high-resolution smart devices. Its screen protector can transform any mobile device into a portable 3D screen.
Founding year: 2012
Total funding raised: Undisclosed
Investors: Bergen Asset Management and GIG

WaveScan Technologies

WaveScan provides cloud and AI-enabled sensors for structural health monitoring of infrastructures. It offers a suite of NDT sensors mounted on drones for autonomous inspection of buildings and infrastructure facilities to detect cracks, corrosion in pipelines, pests, rodents behind walls, and wiring defects, among other things. The firm also performs AI-enabled analytics and generates inspection reports with defect type and location.
Founding year: 2018
Total funding raised: Undisclosed
Investors: Silicon Solution Partners, Enterprise Singapore, She1K, Plug and Play Tech Center, Leave a Nest, Plug and Play APAC, and SEEDS Capital.

LightSpeed Photonics

The firm manufactures optoelectronic systems, designing and developing modular processors and interconnects for data centres and near-edge computers.
Founding year: 2021
Total funding raised: Undisclosed
Investors: YourNest, GrowX Ventures, Entrepreneur First, Luminate, Enterprise Singapore, and 8X Ventures.

Core Semiconductor

Core Semiconductor provides IPs for SoCs and ASICs for IoT applications. Backed by the security of the QTUM blockchain, it has developed an open-source hardware platform that provides access to necessary tools for developing IoT applications. The firm has created J-Core, an Open-Architecture CPU core, which serves as a foundation stone for its SoC platform.
Founding year: 2018
Total funding raised: Undisclosed
Investors: SpaceChain

Silicon Cloud International

Silicon Cloud International provides secure cloud computing solutions for semiconductor design and collaboration. It also provides a cloud-based scalable computing environment for universities and research institutes.
Founding year: 2013
Total funding raised: Undisclosed
Investors: SPRING Singapore, Get2Volume, Singtel, CyLon, and TYLT Ventures.

MEMSing

It is the provider of IoT-based pipeline monitoring systems. The firm offers underwater acoustic sensing modules for water and oil pipeline leak detection. It also offers technologies for data processing, analysis, security, and communication for low-power wide-area networks.
Founding year: 2018
Total funding raised: Undisclosed
Investors: Accelerate Technology, JCS Venture Lab, and Transfong Ventures.

Niyam

Niyam AI is a cutting-edge technology company that provides AI-powered hardware design validation solutions for the electronics manufacturing industry. Its platform offers real-time design validation, risk assessment, and netlist and Gerber simulations to streamline the design process. This enables manufacturers to reduce development cycles and costs and fix supply chain issues more efficiently.
Founding year: 2024
Total funding raised: Undisclosed
Investor: Iterative.

FlexoSense

FlexoSense provides a flexible sensor that can be customized into different forms for industrial applications. It claims that the sensors have the ability to be customized for measuring dynamic pressures & strain with adjustable range, precision, accuracy, and resolution. It can be used as an enabler in sensing for healthcare devices, robotics, and consumer electronics.
Founding year: 2016
Total funding raised: Undisclosed
Investors: PIER71 and Modern Aging.

Also Read: From lab to fab: Inside Applied Ventures’s stage-agnostic deep tech investments

Cloptech

Cloptech develops a 60GHz multi-gigabit wireless solution designed based on IEEE 802.11ad WiFi standard and WirelessGigabit Alliance MAC/PHY specification. It has up to 4.2 Gbps peak data rate and enables uncompressed HD video streaming. The firm supports 802.11ad IP networking. It has collaboration with Singapore Government Research Agency A*STAR for R&D and partners with industry players to develop customised solutions.
Founding year: 2015
Total funding raised: Undisclosed
Investors: NTUitive, Silicon Catalyst, Accton Technology Corporation, Seeds Capital, IncuVest, and PlanetSpark.

Hertzwell

Hertzwell offers hyper-resolution radar for self-driving cars. The company claims to be developing a low-powered radar system that can track machine movements and even human gestures to millimetre-scale precision. It also offers solutions for industrial robots and VR/AR technologies.
Founding year: 2017
Total funding raised: Undisclosed
Investors: Entrepreneur First and Vertex Ventures.

EnvironSens

EnvironSens provides connected water quality monitoring systems. It develops a biosensor-based water toxicity monitoring technology. The startup has developed a proprietary solution based on microbial electrochemical sensor technologies, which can continuously detect the illegal or accidental discharge of heavy metals into trade effluent wastewater, which is liquid waste discharged from business or industrial processes, water bodies, and sewer networks in real-time. It collects and analyses toxic samples and the data is transmitted in real-time via a telecommunications system. Upon detection of heavy metals in the water, SMS alerts are sent to relevant personnel, to ensure immediate action to minimise downstream pollution.
Founding year: 2018
Total funding raised: Undisclosed
Investors: Imagine H2O, NUS Enterprise, JCS Venture Lab, and PIER71.

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Image Credit: 123RF.

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Applied Ventures, a stage-agnostic venture arm of global semiconductor major Applied Materials, primarily focuses on artificial intelligence (AI), machine learning(ML), big data, energy-efficient computing, extension of Moore’s Law, advanced materials, advanced displays, software, and the broader semiconductor and display ecosystem. Established in 2006, Applied Ventures invests up to US$100 million in startups annually and has backed over 90 companies across 19 countries, including in Asia Pacific.

In this interview with e27, Applied Ventures’s Global Head, Anand Kamannavar, discusses the venture arm’s key focus areas, investment criteria, trends, and expansion.

Edited excerpts:

Can you share what Applied Ventures looks for in startups across different stages? How does being stage-agnostic influence your investment decisions?

Applied Ventures invests in startups from seed to growth stages. We support them through ideation, incubation, commercialisation, and scale by providing the necessary technology and know-how and making connections. We will invest and partner with startups regardless of their stage.

For early-stage investments, we look for scalable technical disruptions that enable new markets or disrupt existing markets, management’s plan to de-risk the technology with fast learning cycles, and ways that partnership with Applied can help the company reach their milestones efficiently.

For growth-stage investments, we focus on customer and revenue traction, unit economics, ability to capture value, management experience with scaling, strength and defensibility of intellectual property (IP), scaling up plans and ways that can help accelerate their growth through active partnerships with Applied’s business units.

How does Applied Ventures identify “disruptive technologies” in semiconductors, AI, robotics, and advanced materials? What criteria or signals stand out?

We identify disruptive technologies by working closely with the ecosystem across the Materials to Systems stack. As one of the key players in the broader semiconductor, display, and deep tech ecosystem, we have unique insights into some of the industry’s key high-value problems, and we then actively look for disruptive technologies that can solve these challenges.

We have a solid track record of anticipating trends early, seeing around the corners ahead of the curve and partnering with startups. A good example is our investments over the last few years in areas that are currently attracting significant investment, such as photonics, advanced packaging, and energy-efficient computing.

Also Read: From keypads to chips: How Polymatech advances semiconductors with sustainability at the core

Our criteria for investment have always been scalable technologies led by teams that understand the problem, identify effective pathways to reduce risks efficiently, and actively seek to partner with Applied Materials to mitigate these risks.

You invest up to US$100 million annually—what guides your allocation of these funds across regions or sectors, especially given recent global shifts in the semiconductor and deep-tech industries?

Our mission is to accelerate the development of cutting-edge technologies by providing capital, expertise, and connections to a global network of resources.

We also closely observe and respond to the evolving needs of the semiconductor and deep tech markets. We will prioritise regions and sectors based on the number and quality of startups driving disruptive innovation in our areas of interest.

The other element of our consideration in investment is the maturity of regional ecosystems with a strong focus and support in the semiconductor and deep tech startup scene.

Applied Materials is also present in 150 cities in 24 countries globally, which enables Applied Ventures to effectively identify, invest in, and support promising startups worldwide.

What role does Applied Ventures play in the broader corporate VC (CVC) landscape, and how do you see that role evolving in the coming years?

Applied Ventures plays a prominent role in the CVC and VC landscapes by leveraging our strong connections with Applied Materials, Applied’s customers, customers’ customers and supply-chain partners to drive scalable innovation in the semiconductor and deep tech industries. By actively collaborating with other CVCs and VC firms, we help portfolio companies reduce risk efficiently and promptly.

We are already expanding our global reach in markets like North America, Asia and Europe, fostering partnerships with local deep tech innovators, VCs, CVCs and collaborating with universities, accelerators and regional government entities.

We have also set up unique joint funds in Korea and Taiwan, and we plan to expand this model to other regions with local partners. We aim to remain a catalyst for deep tech innovation worldwide and help deep tech startups scale their ideas to create a significant impact through a collaborative ecosystem.

In the coming years, we will continue to focus on collaborating with emerging technologies and regional ecosystems, particularly in areas of interest mentioned above.

How does Applied Ventures leverage Applied Materials’s infrastructure and expertise to support early-stage startups? Can you share examples of how these resources have helped startups accelerate growth?

We provide startups access to state-of-the-art labs and R&D facilities globally, which are crucial for scaling deep tech innovations. We also have customer sites and collaborations in regions like Asia, the US and Europe, and we are expanding engineering and supply-chain capabilities in Singapore and India. These resources help startups accelerate growth by moving from lab-scale innovations to large-scale manufacturing.

Our collaboration with VVDN India has been a good example of growth-stage startup collaboration, where we partner with them to expand their role in the electronics value chain.

Beyond funding, what unique advantages or benefits does Applied Ventures provide to help startups navigate scaling challenges in deep-tech industries?

Applied Ventures leverages technical and industry expertise to accelerate startup ecosystems. Through the ASTRA (Applied Startup Technology & Research Accelerator) for startups in India, Singapore, Korea and Taiwan, we help identify and partner with relevant deep tech startups by offering consultation, joint development and investment opportunities.

We also connect startups with our network of customers, supply chain partners and co-investors (both corporate and financial VC and PE firms), providing access to new materials engineering and semiconductor technology innovations. Our global innovation infrastructure enables startups to validate high-performance devices and scale faster.

Also Read: Driving semiconductor innovation: AMD’s vision for AI and sustainability in Singapore

Finally, startups that work closely with Applied Materials gain financial support and the opportunity to collaborate with leading experts in various scientific fields, driving successful outcomes for our portfolio companies.

The latest ASTRA cohort focuses on critical areas like AI, semiconductors, and supply chains. How does this year’s cohort align with Applied Ventures’ broader goals and industry priorities?

This year’s ASTRA India/Singapore cohort aligns with Applied Ventures’s broader goals and industry priorities by focusing on AI, semiconductors, and supply chains. These are central to advancing deep tech and driving the semiconductor roadmap forward. By supporting startups in these fields, Applied Ventures fosters innovations that enhance energy efficiency, increase computational power, and drive technological progress.

Additionally, the emphasis on supply chain solutions addresses the need for resilient and efficient systems in a global market, aligning with the need to solve real-world problems and drive industry advancements.

Overall, this cohort showcases globally relevant startups with local home-grown innovations, in line with Applied Ventures’ strategic goal of advancing the industry.

What market or technological trends are most exciting to Applied Ventures?

Applied Ventures is excited about multiple markets and technological trends that align with our mission of using materials engineering (defined as atomic engineering on an industrial scale) to drive the semiconductor industry’s revenue from US$0.5 trillion to over US$1 trillion by the year 2030, as well as to address multiple opportunities that will shape the future.

Key trends include:

• The growth of AI, including Gen AI, and the need for energy-efficient computing to address the power consumption challenge for AI data centres in both training and inference applications. This includes advanced packaging, chiplets, heterogeneous integration, and thermal management solutions.
• Increased productivity through agentic AI and software bots that collaborate with one another.
• New manufacturing technologies that integrate robotics/cobotics, fab automation and the global supply chain.
• Quantum technologies (computing, communication and sensing) and the integration of classical and quantum computing models.
• The autonomy and electrification of vehicles, achieving internal combustion engine cost parity and Level-5 autonomy simultaneously.

What challenges do startups face in entering and thriving in the semiconductor ecosystem, and how does Applied Ventures help mitigate those challenges?

Startups entering the semiconductor ecosystem face challenges such as scalability, capital intensity, access to advanced facilities, regulatory and market dynamics, and talent acquisition.

We aim to mitigate these challenges by providing them access to state-of-the-art labs and fabs, financial support from seed to growth stages, expertise and collaboration with leading technologists at Applied Materials, a global network to connect with customers and partners, key talent recruitment and strategic guidance to align innovations with industry needs. This comprehensive support helps startups mitigate risks, drive innovation, and launch scalable products in the deep-tech ecosystem.

What is your perspective on the future of the semiconductor market, especially in relation to emerging technologies like high-performance computing, autonomous vehicles, and AI?

The future of the semiconductor market is incredibly promising, driven by emerging technologies like high-performance computing, autonomous vehicles, AI and the intersection of semiconductor and deep tech across multiple domains. One of our key focus areas is improving energy efficiency, which is crucial for enabling GenAI, as it consumes significantly more energy than traditional internet searches.

We are investing in both hardware and software innovations, including large science models for Physics, Chemistry and Materials science. With a strong portfolio in semiconductor and deep tech, Applied Ventures is well-positioned to collaborate with startups, particularly in India and Singapore, to drive innovation and efficiency in the semiconductor market.

With investments in over 19 countries, how does Applied Ventures approach global expansion? Are there specific regions you are particularly focused on for future growth?

Our approach to global expansion is based on experience and a strategic focus on deep tech. Our investments align with Applied Materials’s goals, focusing on the entire Materials to Systems stack, from lab to fab. We are particularly excited about the semiconductor and deep tech space and look forward to supporting groundbreaking innovations globally with a key focus on North America, Europe and Asia.

Also Read: SEA’s role in the global semiconductor supply chain is poised to strengthen: GlobalFoundries’s Siah Soh Yun

Across India, Singapore and Southeast Asia, we have seen the deep tech startup system grow significantly in the past few years, with many more startups in our interest areas of semiconductors, photonics, robotics, manufacturing, software and AI/ML/Big Data.

Singapore serves as the regional headquarters of Applied Materials in Southeast Asia and is our strategic regional hub supporting diverse functions across manufacturing, customer support, corporate functions and R&D.

Similarly, in India, since our humble beginnings as a small office in Bangalore in 2002, Applied Materials has grown to about 8,500 employees across multiple Indian cities, and we have strong collaborations with leading Indian Universities like IITs and NITs.

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