Bridgewise, an AI-based platform for analyzing global securities, has concluded a $21 million funding round led by SIX Group, with additional support from Group11, L4 Venture Builder, and other major financial institutions. This funding round brings Bridgewise’s total raised capital to $35 million. With its recent establishment of the Asia Pacific headquarters in Singapore and […]

Nibertex, a deep tech startup headquartered in Singapore and operating in the Philippines, has concluded a highly successful funding round, which was oversubscribed. This funding initiative was spearheaded by Foxmont Capital Partners, a venture capital firm based in the Philippines, with additional support from influential Southeast Asian families. With the backing of Foxmont Capital Partners, […]

Chowis Company, a developer of skin, hair and scalp analysis solutions in South Korea, is introducing personalized hair diagnosis and management services in India through a new collaboration with L’Oréal Professionnel Paris. Chowis’ technology in scalp and hair analysis utilizes a smartphone-cradled hair analyzer called the Dermopico which can be easily attached onto a mobile […]

MindLogic, an AI startup based in South Korea, has secured 7 billion won in Series B funding, with investment from Lee Soo-man, the former chief producer of SM Entertainment. This makes Lee Soo-man’s investment in MindLogic 10 billion won.  Known for actively backing promising Korean startups in drones and biotech, Lee has chosen MindLogic as […]

OCBC Bank has introduced a new SME initiative for launch in April 2024, focusing on supporting women entrepreneurs in Singapore. The OCBC Women Entrepreneurs Programme aims to provide targeted financing solutions, facilitating the achievement of business objectives for female-owned SMEs. Women-led startups are eligible for up to S$100,000 in financing within their initial two years, […]

A former Google engineer, Linwei Ding, who was indicted by the US Department of Justice, faces allegations of stealing confidential AI technology while working for tech firms in China. The DOJ unsealed the indictment on Wednesday, charging Ding, also known as Leon Ding, with four counts of theft of trade secrets. The charges involve Ding […]

Indonesian tech giant GoTo and its Chinese-owned partner TikTok are on track to fully comply with Indonesia’s regulations banning in-app transactions on social media platforms. According to GoTo’s CEO, compliance is expected to be reached within the next six weeks. The announcement, made on Wednesday, aims to ensure that GoTo and TikTok operate in accordance […]

Vietnamese startup BlokID, specializing in blockchain-driven privacy protection solutions, recently secured $1.25 million in a seed funding round. The financing, led by Ascend Vietnam Ventures and AppWorks, is expected to boost their product development and expand market reach.  BlokID plans to launch its services by the second quarter of 2024, with a focus on empowering […]

Malaysia’s Ministry of Science, Technology, and Innovation (Mosti) plans to push emerging technology and promote Science, Technology, Engineering, and Mathematics (STEM) education within the framework of Budget 2024. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals. The initiative signaled Mosti’s plans to support innovation and technological advancement within Malaysia, particularly […]

Startup Island TAIWAN, an initiative backed by Taiwan’s National Development Council, recently joined forces with domestic venture capitalists and listed companies to present a significant event showcasing the prowess of Taiwanese digital tech startups. This event, known as Taiwan Tech Solution Day, took place in Ho Chi Minh City on August 23, where 14 Taiwanese […]