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Asia Information Technology and Services

Techsembly Raises £1M in Seed Funding

– Techsembly is a Singapore-based multi-store, multi-vendor eCommerce SaaS solution for global scaling.
– The company raised £1m in seed funding.
– The round was led by Superseed Ventures with participation from private investors.
– The company intends to use the funds to further marketing and sales efforts, scaling the tech, and building self-serve solutions.

Artificial Intelligence Asia Machine Learning Software

Taiwan-based MLOps startup InfuseAI raises $4.3M Series A led by Wistron Corporation

– AI MLOps startup InfuseAI raised $4.3m in Series A funding.
– The round was led by Wistron Corporation, with participation from Hive Ventures, Top Taiwan Venture Capital Group, Silicon Valley Taiwan Investments and 500 Startups.
– The company helps companies deploy and manage machine learning models with turnkey solutions like PrimeHub, a platform that includes a model training environment, cloud or on-premise cluster computing (including container orchestration with Kubernetes) and collaboration tools for teams.
– Another product, called PrimeHub Deploy, lets clients train, deploy, update and monitor AI models.

Asia Automotive Electric Vehicle Manufacturing

Vietnamese electric motorbike startup Dat Bike raises $2.6M led by Jungle Ventures

– Dat Bike, a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6m in pre-Series A funding.
– The round was led by Jungle Ventures and included participation from Wavemaker Partners, Hustle Fund and iSeed Ventures.
– The company’s flagship motorbike, called Weaver, was created to compete against gas motorbikes.
– Dat Bike opened its first physical store in Ho Chi Minh City last December.

Asia Autonomous Vehicles Cyber Security Drones GPS Homeland Security

Israel’s GPS Security Startup infiniDome Announces Closure of Pre-series A Round of Funding

– infiniDome is pleased to announce closure of a pre-series A round of $2.4 Million that includes investments from Next Gear Ventures and Honeywell Ventures.
– The proceeds will help scale infiniDome’s customer engagements in the Commercial Aircraft, UAS/UAV, and UAM market segments.
– Tal Cohen, Ph.D., managing partner at Next Gear Ventures said: “As an early investor in infiniDome, we know we have a truly world class team that would emerge as the leader in the commercial and low SWaP GPS protection market.”
– infiniDome continues to exceed their business goals and we are excited to continue our support of the company and its exceptional growth.

Asia Collaboration Developer Tools Mobile Mobile Apps

Nota Raises $5M in Series B Funding

– Nota, Inc. from Kyoto, Japan develops self-service support application Helpfeel, an instant FAQ B2B SaaS that enables high rates of self-service by customers and reduces support costs.
– The company raised $5M in Series B funding.
– The round was led by One Capital with participation from Salesforce Ventures, Hakuhodo DY Ventures, and Persol Process & Technology.

Analytics Asia Computer Vision E-Commerce Image Recognition Information Services Information Technology Real Time Retail Technology SaaS

Trax Secures $640 Million Funding Round Led by SoftBank Vision Fund 2 and BlackRock to Transform Retail Through Digital Technologies

– Trax secured $640m in a Series E financing round.
– The round was led by Softbank Vision Fund 2 and technology-focused funds managed by existing investor BlackRock, Inc.
– New investors include OMERS, one of Canada’s largest defined benefit pension plans, and Sony Innovation Fund by IGV.
– Trax’s cloud platform is accelerating the digital transformation of consumer packaged goods (CPG) companies and grocery retailers by providing granular visibility of rapidly changing store conditions.
– Trax solutions enable users to make timely, data-driven decisions and implement immediate corrective actions.
– As a result, brands and retailers are accelerating growth, reducing costs, and driving awareness and purchase intent.
– Trax empowers its customers to provide the best shopping experiences imaginable.

Asia Consumer Electronics Health Care Medical Device mHealth

Olive Union Raises $20M to Expand into Digital Hearing Therapeutics

– Olive Union is making smarter hearing health a reality for everyone.
– Olive Union closed a $7M Series B.
– The round was led by Beyond Next Ventures, Bonds Investment Groups and Japan Policy Finance Corporation.
– Olive plans to expand beyond its existing hearing aids product line into new digital therapeutics for tinnitus and overall hearing health, and begin laying the foundation for its next generation of smart hearing technology.
– Olive is the company making smarter hearing health a reality for everyone.
– Olive’s existing technology and future digital therapies are affordable, easy-to-use solutions for the majority of those with some degree of hearing loss.
– Olive plans to expand beyond its existing hearing aids product line into new digital therapeutics for tinnitus and overall hearing health, and begin laying the foundation for its next generation of smart hearing technology.

Asia Biotechnology Emergency Medicine Health Care Medical Device Personal Health Robotics

Memic Innovative Surgery Raises $96 Million

– Meemic Innovative Surgery raised $96m in a Series D financing round.
– The round was led by Peregrine Ventures and Ceros with participation from OurCrowd and Accelmed.
– Funding will support commercialization of the Hominis® robotic-assisted surgical platform in the U.S. and potentially in other countries around the world as the company also plans to expand marketing and sales efforts outside the U.S.
– The financing will also support continued research and development efforts including expanding the company’s portfolio of products and manufacturing scaleup, as well as provide world-class customer support and training.

Asia Delivery Service E-Commerce Logistics Mobile Apps

Getir Closes $300M Series C Funding; Valued at $2.6 Billion

– Getir is a grocery delivery company from Istanbul, Turkey.
– Company closed a $300m Series C funding round led by Sequoia Capital and repeat investor Tiger Global.
– The new investment will be used to grow in Turkey and the UK and expand into three more European markets in the coming months.

Asia Finance Financial Services FinTech Payments

Paidy Raises US$120 Million in Series D Round

– Paidy Inc. (Japan) has raised US$120m in Series D funding round.
– The round was led by JS Capital Management LLC, Soros Capital Management LLC, Tybourne Capital Management Ltd., and Wellington Management.
– Since late 2020, Paidy has additionally completed the loan facilities set up by upsizing the warehouse facility with Goldman Sachs, newly establishing the secured loan facility with Sumitomo Mitsui Banking Corporation and the other warehouse facility through the syndication led by Mizuho Bank, Ltd.
– This capital increase and additional debt financing from the financial institutions bring total capital raising since the company’s founding to US$585m (of which, equity is US$337m, one of the largest amounts of funding ever raised by a startup in Japan).

Asia EdTech Education Language Learning

1:1 video English tutoring service ‘Ringle’ secures $8.9M Series A funding

– Ringle has secured US$8.9m in investments.
Must Asset Management was the lead investor during Ringle’s latest round of seed funding.
– The potential of Ringle has been recognized and rewarded by Must Asset Management.
Must Asset Management believes that Ringle’s growth has just begun, given that its current success has been thanks to an elite team of just 25 people, working from its headquarters in South Korea and in the US, in Silicon Valley.

Artificial Intelligence Asia Fitness Health Care Wellness

India’s HealthPlix raises $13.5 million to help doctors treat patients more efficiently

– HealthPlix, a Bangalore-based startup, raised $13.5m in its ongoing Series B financing round.
– The round was led by Lightspeed Venture Partners.
– The startup has now raised about $23.5m to date.
– There are fewer than 300,000 doctors in India actively practicing medicine.
– They serve hundreds of millions of patients who suffer from chronic illness in the world’s second-most populous nation.
– A doctor only has a few minutes to spend on a patient, remember the past diagnosis by glancing at their record and formulate a plan of management.
– HealthPlix believes it can help doctors serve these patients more efficiently with the limited time they have.

Asia Health Care Pharmaceutical

OnQuality Pharmaceuticals Announces Closing of $35 Million Series A+ Financing

– OnQuality Pharmaceuticals LLC (“OnQuality”), a targeted cancer supportive care company developing medications to address specific side effects and improve the quality of life for patients receiving anti-cancer medications, today announced the closing of its Series A+ financing round securing an additional $20 million in funding. This brings the total amount of capital raised in Series A and A+ to $35 million.
– This financing round included participation from Shiyu Capital, Matrix Partners China, BioTrack Capital, CASH Capital, Sinovation Ventures, FreeS Fund, and additional biotech veterans.
– Proceeds from the financing will support the ongoing Phase II clinical trial of the company’s leading compound OQL011, as well as multiple additional targeted cancer supportive care programs anticipated to enter different phases of clinical development over the next 18 months.
OnQuality also announced the appointment of pharmaceutical executive Michael McCullar, Ph.

Asia Enterprise Software Information Technology

Singapore-based Nimbly gets $4.6M to help businesses automate their standard operating procedures

– Nimbly, a software startup, raised $4.6m in pre-Series A funding.
– The round was led by Insignia Ventures Partners, with participation from Sovereign’s Capital and Saison Capital.
– The company is currently used by more than one hundred organizations in seven countries, including Indonesia, Singapore, Malaysia and the United States.
– Some clients also come from the fast-moving consumer goods and agriculture sectors, like Cargill and Wilmar.

Asia Asset Management Ethereum Information Technology Software

imToken Announces US$30 million Series B Investment

– imToken, a world-class blockchain technology company best known for its secure decentralized digital wallet, today announced the completion of a US$30 million Series B financing led by Qiming Venture Partners, with participation from its lead Series A investor IDG Capital and new investors including Breyer Capital, HashKey, Signum Capital, Longling Capital, SNZ and co-founder of Fosun International, Mr. LIANG Xinjun.
– imToken was founded in 2016 to address a lack of user-friendly entry points to the cryptocurrency space. In line with its belief that digital asset wallets are the most secure and cost-effective way of banking, the company set out to make the world of decentralized digital wallets more easily and securely accessible by creating a wallet platform with unprecedented ease-of-use and industry leading platform security.

Asia Banking Financial Services FinTech Information Technology Mobile Payments

Now Money Secures $7M in Funding

– NOW Money from Dubai is a fintech company that provides a digital banking solution for low-income migrant workers.
– The company raised $7m in funding led by Anthemis Exponential Ventures.
– The round was also joined by a consortium of investors including Knuru Capital, Wamda, Commercial Bank of Dubai, DIFC FinTech Fund, Accion Venture Lab, Greenhouse Capital and Hambro Perks Oryx Fund.
– The new investment will be used to expand into the Kingdom of Saudi Arabia.

Asia Finance Financial Services FinTech Trading Platform

Ajaib raises $65M Series A extension led by Ribbit Capital, increasing the round’s total to $90M

– Indonesian investment app Ajaib raised $65m in Series A extension.
– The extension was led by Ribbit Capital, the fintech investor that also led Robinhood’s $3.4 billion funding last month.
– Ajaib is Ribbit Capital’s first investment in Southeast Asia.
– The extension will be used to expand Ajaib’s product development and engineering capabilities.

Asia Biotechnology Clinical Trials Health Care Medical Medical Device

Qihan Biotech Raises Additional USD 67 Million in Series A++ Financing

– Qihan Biotechnology Co. Ltd, a leader in applying multiplexable genome editing technology to cell therapies and organ transplantation, announced today that it has raised an additional $67 million in Series A++ financing.
– Proceeds from the financing will primarily be used to advance Qihan’s pipeline of novel cell therapies in IND-enabling studies and hypoimmunity projects, and expansion of the company’s GMP manufacturing facilities.
– The financing was backed by new investors including leading biomedical venture capital firm, Lilly Asia Ventures and Matrix Partners China, as well as existing shareholders, Sequoia and CMB International.
– With these investments, Qihan’s total Series A financing raised to date has exceeded $100 million.

Asia EdTech

Abwaab Closes USD$5.1M Seed Funding

– Abwaab from Amman, Jordan is an online learning platform that allows secondary school students in MENA to learn at their own pace, test themselves and get ahead with expert tutors anytime and anywhere.
– The platform, which offers concept-based video lessons, visualized learning journeys, continuous assessment, and performance-tracking features, can be accessed via desktop and mobile web.
– The company raised $5.1M USD seed funding led by 4DX Ventures, BECO Capital, EQ2 Ventures, Foundation Ventures, GSV Ventures, and Spartech Ventures.
– The new investment will be used to accelerate the company’s regional expansion starting with Egypt.

Asia Biotechnology

Chime Biologics Secures US$190M Series A+ Financing

– Chime Biologics secures US$190m in Series A+ financing.
– The round was led by VMS Group, followed by Fidelity International and Panacea Venture.
– Chime Biologics has built a GE KuBio modular bio-manufacturing facility in Wuhan Bio-Lake biotech industry development zone of China.
– The company provides outsourcing services for biopharmaceutical development and manufacturing.

Asia Health Care Medical Medical Device

Constipation treatment Vibrant raises $7.5 million led by Unorthodox Ventures

– Vibrant, a leading developer of gastrointestinal treatments, today announced the first closing of a $7.5 million Series E funding round, led by Unorthodox Ventures, the Austin-based investment group that’s redefining today’s venture capital model.
Unorthodox Ventures Founding Contrarian Carey Smith, who founded fan and light maker Big Ass Fans, will join Vibrant’s Board of Directors.
– The Board is led by Yoav Shaked, a partner with Sequoia Capital, which is a prior investor in Vibrant and has joined in four rounds of funding.

Asia FinTech Payments Retail Technology

Google backs one-year-old Indian startup DotPe in $27.5 million fundraise

Google‘s latest investment in India is a startup that is helping businesses come online.
– One-year-old DotPe, a Gurgaon-based startup, said on Friday it has raised $27.5 million in its Series A financing round.
– The round was led by PayU, with participation from existing investor Info Edge Ventures and Google.
– The young startup, now valued at about $90 million, helps brick and mortar stores sell to customers online and collect payments digitally.
– It’s a problem that scores of startups in India are solving today, but DotPe has some additional hooks. It helps merchants scan their inventories and quickly establish a log online.

Asia Information Technology

UI-licious gets $1.5M led by Monk’s Hill Ventures to simplify automated UI testing for web apps

– UI-licious, a Singapore-based startup that simplifies automated user interface testing for web applications, announced today it has raised $1.5 million in pre-Series A funding.
– The round was led by Monk’s Hill Ventures and will be used to grow UI-licious’ product development and marketing teams.
– Founded in 2016 by Shi Ling Tai and Eugene Cheah, UI-licious serves companies of all sizes, and its current clients include Daimler, Jones Lang LaSalle and tech recruitment platform Glints.
– UI-licious enables users to write test scripts in pseudocode, or a language that is similar to plain English and therefore accessible to people with little programming experience.
– Software teams can then schedule how often the tests run.

Asia Computer Vision Construction Manufacturing

Hong Kong-based viAct raises $2M for its automated construction monitoring platform

– viAct, a construction site monitoring startup, raised $2m in seed funding.
– The round was led by SOSV and Vectr Ventures, and included participation from Alibaba Hong Kong Entrepreneurs Fund, Artesian Ventures and ParticleX.
– The company plans to use the funding on research and development, product development and expanding into Southeast Asian countries.

Asia Cloud Security Cyber Security Enterprise Software Network Security

Morphisec snags $31M for moving target defense that protects mid-sized companies

– Cybersecurity companies going after the big enterprise fish, mid-sized companies can get lost in the shuffle.
– Morphisec has developed an endpoint protection service that’s designed to be cost-effective enough to serve them high-quality protection.
– As the pandemic stretches these companies even further, Morphisec has found itself in high demand.
– Today, the company announced it has raised $31 million in a funding round led by JVP, with participation from Orange and Deutsche Telekom Capital Partners.
– Morphisec relies on a technique called “moving target defense” that constantly changes the security parameters of a system to thwart cyberattacks.
– This enables a kind of zero trust defense that doesn’t require employees to have deep security expertise in order to combat threats.

Analytics Artificial Intelligence Asia Image Recognition Infrastructure Machine Learning Sustainability Water

Utilis Raises $6M in Funding

– Utilis is a satellite-based infrastructure intelligence company.
– The company raised $6m in funding.
– The round was led by Beringea, the transatlantic venture capital firm.
– The new investment will be used to continue investing in its innovative products and expand into the ground engineering market, while adding to its team across its offices in the USA, Israel, and the UK, and growing its sales and marketing.

Asia Biopharma Biotechnology Clinical Trials Innovation Management

Bioheng Biotech Raised $80 million in Series B Financing to Advance Allogeneic Immuno-Cell Therapies

– Bioheng Biotech raised $80m in Series B financing.
– The round was led by GL Ventures, the venture capital unit of Hillhouse Capital, Decheng Capital and Octagon Capital, with the participation of BlueRun Ventures and Shenzhen Capital Group Company.
– Proceeds will be used to advance R&D capabilities, process development and clinical trials.
– Bioheng is dedicated on developing novel cellular immunotherapy for cancer.

Asia Consumer Goods E-Commerce Grocery Group Buying Social

Indonesian social commerce app KitaBeli gets $10M led by Go Ventures

– KitaBeli, an Indonesian social commerce app for group buying, announced today it has raised a $10 million Series A.
– The round was led by Go Ventures, whose cornerstone investor is Gojek, with participation from returning investors AC Ventures and East Ventures.
– KitaBeli currently focuses on selling fresh produce and fast-moving consumer goods (FMCG) in areas outside of Indonesia’s major cities, including to people who have never shopped online before.
– Launched in March 2020 in Jarkata, KitaBeli then entered the cities of Solo and Malang.
– Its new funding will be used to expand KitaBeli’s operations in Java, growing its logistics network and developing its mobile app.

Asia Biopharma Biotechnology Health Care Therapeutics

EpimAb Biotherapeutics Raises $120M in Series C Financing to Advance Bispecific Programs and Broaden Clinical Pipeline

– EpimAb Biotherapeutics, a clinical stage biotech company specializing in bispecific antibody development, announced today the closing of a $120m Series C financing round.
– The round was co-led by China Merchants Bank International (CMBI) and Mirae Asset Financial Group (Mirae), and joined by Hony Capital, Cormorant Asset Management, Yanchuang Capital, Octagon Capital, renowned cultural entrepreneur and investor Adrian Cheng and ShangBay Capital, with strong participation from existing investors such as Decheng Capital, SDIC Fund, Sherpa Healthcare Partners, and Hidragon Capital.
– Proceeds from the financing will be used to fund the ongoing clinical development of EMB-01, EMB-02 and EMB-06, and to expand the company’s pipeline of novel bispecific antibodies and other biologics.

Asia Beauty Cosmetics E-Commerce Mobile Apps Retail Shopping

Indian beauty e-commerce Purplle raises $45 million

– Purplle, an e-commerce platform for beauty products in India, raised $45m funding.
– The round was led by Sequoia Capital India and joined by existing investors Verlinvest, Blume Ventures and JSW Ventures.
– The new round values the Indian startup at about $300m, up from $150m in its 2019 Series C round.
– The startup has raised $95m to date.

Asia Cloud Security Cyber Security Enterprise Software Security

Wiz Raises $130M in Series B Funding; Valued at $1.7 Billion

– Wiz from Palo Alto and Tel Aviv develops a platform for companies to secure their cloud infrastructure at scale.
– Series B $130m round brings company valuation to more than $1.7b.
– The round was led by Advent Venture Partners with participation from existing investors Cyberstarts, Index Ventures, Insight Partners and Sequoia Capital.
– The new investment will be aimed at expanding operations and business reach since its emergence from stealth three months ago.

Asia SaaS Software

Grubtech Raises $3.4M in Pre Series A Funding

– Grubtech secured $3.4m in pre–Series A funding.
– Backers included large regional family offices, a US-based venture capital firm as well as angel investors led by Ghassan Oueida and Gry Loseth.
– The company will use the funds to further accelerate product development and expand across MENA, Europe and the Americas.

Asia Freight Service Logistics Transportation

Duckbill Closes US$50M Funding Round

– Duckbill is a container trucking/drayage service platform featuring intelligent dispatching and transportation management.
– The company closed a US$50m funding round led by Temasek, with participation from Pavilion as well as existing shareholders including Future Capital, Discovery Fund, Shunwei Capital, Furong Capital, Zip Capital etc.
– The new investment will be used to improve the current solutions, expand to all major ports and introduce more products.

Asia Cyber Security Homeland Security Network Security Security

Following Recent Dramatic Rise in Infrastructure Cyber Attacks, SCADAfence Accelerates Market Engagement with $12 Million Round Funding

– SCADAfence announced that it has raised $12m in funding.
– The round was led by existing investor JVP and also includes strategic investor Rapid7 and the participation of other existing shareholders.
– The new funding will help SCADAfence further accelerate its expanding global customer base across a diverse set of industries – including manufacturing, water treatment, critical infrastructure, oil & gas, pharmaceuticals, chemicals, and building management systems (BMS).
– Some of the company’s existing customers include Honda, Murata, Vestel, Mitsui Fudosan, Taro Pharmaceuticals, and numerous other Fortune 500 companies in the US.
– As part of SCADAfence’s rapid growth, the company has recruited several top-tier executives from leading cybersecurity organizations to grow their executive teams in sales engineering and revenue growth.

Asia Financial Services FinTech

Indonesian savings and investment app Pluang gets $20M in pre-Series B funding

– Pluang, a fintech company, raised $20m in a pre-Series B round.
– The round was led by Openspace Ventures and joined by Go Ventures and other returning investors.
– The company offers proprietary savings and investment products that allow users to make contributions starting from 50 cents USD.
– The company plans to use the funding to develop proprietary financial products to cover more asset classes, including government bonds.

Asia Broadcast Media

Caton Technology Receives US$50M Funding From Pasaca Capital

– Caton Technology (Asia) Limited, a Hong Kong-based provider of IP network transport solutions, received a US$50m majority equity investment from Pasaca Capital Inc.
– The company intends to use the funds for its expansion plans to reach more businesses, applications and people with its technology and solution.
– Caton Group is a manufacturer of advance video encoding and data transmission over the Internet.

Artificial Intelligence Asia Autonomous Vehicles Computer Vision Mapping Services Software

Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

– Momenta, a Chinese autonomous driving startup, raised $500m funding.
– The round was led by SAIC Motor, Toyota and Bosch.
– Other participants included Mercedes-Benz AG, Xiaomi founder Lei Jun’s Shunwei Capital, Tencent, Cathay Capital and a few undisclosed institutions.
– It’s rare to see Tencent and Alibaba (or their affiliates) co-invest.

Asia E-Commerce Enterprise Software Retail Wholesale

Cymbio Raises $7M Series A Round to Help Brands Scale Digital Sales

– Cymbio raised a $7m Series A round led by Vertex Ventures.
– The company’s technology automates all drop ship and marketplace operations for brands with any retailer, including the complete set-up, integrations, onboarding and daily management of streamlined product data, imagery, mapping, taxonomy, inventory syncing, orders, billing, tracking, returns, reports and more.
– The funds will be used to expand Cymbio’s global footprint across R&D, sales and marketing.

Asia Computer Software Virtualization

Grid computing software developer Incredibuild raises $140M

– Incredibuild, a developer of grid computing software, today announced that it secured $140 million in funding from ScaleUp investor Insight Partners.
– The Tel Aviv, Israel-based startup says that the investment, which includes both primary and secondary components, will help expand Incredibuild’s U.S. operations to meet demand for its technology.
– Computationally intensive tasks like compiling software are often a massive time sink in development. According to Statista, 40% of engineers attribute software project failure to under-resourcing, with 22% blaming missed delivery timeline expectations and 21% pointing at time constraints and premature software releases.
– Incredibuild, which was founded in 2002 and inspired by NASA’s [email protected], offers a suite of grid computing software designed to help accelerate computationally intensive tasks by distributing them over a network.

Artificial Intelligence Asia Information Technology Machine Learning Software

AI and big data analytics startup Noogata nets $12M

– Noogata, a startup developing products for designing, implementing, and deploying big data analytics models at scale, today announced that it raised $12 million.
– In addition to expanding its workforce, Noogata plans to spend the capital on accelerating its go-to-market efforts as it seeks to acquire new customers.
– IDC expects the worldwide big data analytics market will be worth $274.3 billion by 2022.
– Thanks to AI, enterprises can collect, enrich, and model data insights, forecasts, and recommendations across departments ranging from sales and operations to finance and marketing.
– But historically, getting this AI into production required in-house development or proprietary out-of-the-box solutions.
– Until relatively recently, there hasn’t been an easy, no-code way to integrate enterprise data systems with predictive models.

Analytics Artificial Intelligence Asia Computer Machine Learning Pharmaceutical Search Engine Software

PatSnap Secures $300M in Series E Funding

– PatSnap from Singapore is a global leader in Innovation Intelligence.
– The company secured $300m in Series E funding.
– The round was led by SoftBank Vision Fund 2 and Tencent Investment with participation from CPE Industrial Fund and Vertex Growth, who are coming in as new investors whereas existing investors were Sequoia China, Shun Wei Capital, and Vertex Ventures Southeast Asia & India.

Artificial Intelligence Asia Computer Vision Software

Datagen Raises $18.5M in Funding

– Datagen Raises $18.5m in Funding
– The round was led by Viola Ventures, with participation from existing investors including TLV Partners and Spider Capital, as well as Michael J. Black of the Max Planck Institute, Gal Cheshik, Director of AI at Nvidia, Anthony Goldbloom, CEO and founder of Kaggle, and Trevor Darrell, founder of UC Berkeley’s AI Research Lab.
– The company intends to use the funds to grow its R&D and expand into new markets.

Asia Cyber Security Network Security Risk Management Security Software

Vulcan Cyber launches free vulnerability management service with $21M in new funding

– Vulcan Cyber, a startup developing tools to help enterprise customers detect and fix software vulnerabilities, today announced that it raised $21m in a series B round led by Dawn Capital.
– The funds will be used to support the rollout of new exploit remediation solutions for cloud and app security teams and to deliver Vulcan Free, a no-cost, risk-based vulnerability management platform for cyber risk prioritization.
– More than a third of web app vulnerabilities are considered high risk, according to a report from Edgescan, and organizations with 101 to 1,000 employees see the most high-risk and critical-risk vulnerabilities.
– These can be expensive if left unaddressed. In recent years, the average cost of a security breach has generally hovered between $3.5m and $4m.

Aerospace Asia

Pixxel To Launch the World’s Highest Resolution Hyperspectral Smallsat Constellation

– Pixxel closed a $7.3M seed round with new capital from Omnivore VC, Techstars, and others, who are joining alongside Lightspeed Ventures, Blume, growX, Ryan Johnson, former President at Planet Labs, and additional industry leaders.
– The company’s first hyperspectral satellite will launch within the next few months.
– Compared to the common multispectral satellites prevalent today, Pixxel’s hyperspectral earth-imaging satellites are able to beam down 50x more information by capturing light reflected in far more detail and using narrower bands beyond just red, green and blue.
– This technology allows Pixxel to capture exact chemical signatures and offers more accurate solutions to previously unsolvable issues in industries such as agriculture, energy and environmental conservation.

Agriculture AgTech Asia Farming Fruit

Pure Harvest Smart Farms Secures US$60M in Growth Funding

– Pure Harvest Smart Farms from Abu Dhabi develops sustainable technology-enabled agribusiness.
– The company secured US$50m in growth-financing/ venture-debt.
– The growth financing was provided through an Islamic structured finance solution led by SHUAA Capital psc [DFM: SHUAA].

Artificial Intelligence Asia Computer Vision Software

Simulated AI Training Data Supplier Datagen Raises $18.5 Million

– Datagen Technologies has raised $18.5m led by Viola Ventures with participation by existing investors including TLV Partners and Spider Capital.
– Other notable backers include Michael J. Black of the Max Planck Institute, Gal Cheshik, Director of AI at Nvidia, Anthony Goldbloom, CEO and founder of Kaggle, and Trevor Darrell, founder of UC Berkeley’s AI Research Lab.
– Datagen stands out in the fast-growing computer vision field by creating visual simulations and recreations of the real world, as a better solution to the publicly available datasets currently being used by computer vision teams which often include images of real people and places scraped off the Internet or or manually captured from the real-world using labor-intensive operations.

Asia Health Care Medical Medical Device

EyeYon Medical Raises $25 million in Series C to Transform Corneal Care

– EyeYon Medical announced today the completion of a $25m Series C funding.
– The round was led by a global strategic leader in the ophthalmic industry and CR-CP Life Science Fund.
– The company develops advanced technology to treat acute problems in the ophthalmic world.
– The round brings the company’s valuation to $36m.
– New capital will be used to expand the clinical trials of EyeYon Medical’s flagship product, the EndoArt®, the world’s first synthetic implant which enables doctors to treat chronic corneal edema with a minimally invasive surgery that erodes the use of human tissue.

Artificial Intelligence Asia Child Care Elder Care Health Care Natural Language Processing Physical Security Security Speech Recognition raises $3.5M Seed Round for its AI Quality of Care Management Platform in Senior Care Environments

– raises $3.5M Seed Round for its AI Quality of Care Management Platform in Senior Care Environments
Flint Capital led the round
– The investment will support Sensi’s continued market expansion across US in-home care agencies and senior care facilities.
– The platform provides audio analytics-based insight that helps eliminate blind-spots and enables care agencies with complete visibility and transparency into each hour of care without having to rely on neither the caregiver nor the client’s input.
– Sensi enables agencies, for the first time ever, to obtain data-based insight into each client’s care needs and ensure that their caregivers are best equipped to answer those needs in the highest quality manner. Agency managers can now obtain an objective overview and take simple actions that drive staff and client retention, mitigate liability claims and help with new client acquisition.

Asia Biotechnology

Delonix Bioworks Closes $14 Million Series Seed Financing to Accelerate the Development of its Innovative Synthetic Vaccines

– Delonix Bioworks has closed a $14m Series Seed financing to accelerate the development of its innovative synthetic vaccines.
– The financing was led by Boehringer Ingelheim Venture Fund and IDG Capital with participation from ZhenFund and an undisclosed investor.
– The financing will be used to accelerate the building of synthetic biology vaccine platforms and advance pipelines of synthetic vaccines to clinical trials.
– Delonix is working on innovative synthetic biology approaches to develop the next generation medical solutions to address global public health challenges.
– Current lead programs target anti-microbial resistance (AMR).

Asia Big Data

Verofax Secures $1.2M in Seed Funding

– Verofax Limited, an Abu Dhabi, UAE-based automation and traceability platform, secured $1.2M in seed funding.
– The round was led by Trove Capital Limited UK with participation from MFD Holding, Kepler Fund Managers, and Casablanca Holding.
– The company intends to use the funds to serve its pipeline of projects, launch a marketing campaign targeted at food, healthcare, and apparel industries and hire 20 additional team members, mainly software developers and business development managers.

Asia Health Care Medical Medical Device Robotics

ForSight Robotics Raises $10 Million from Eclipse Ventures and Mithril Capital in Seed Round

– ForSight Robotics is developing a surgical robotic platform that will transform the future of ophthalmic surgery with a $10m seed round led by Eclipse Ventures and joined by Mithril Capital.
– The mission is to re-imagine ophthalmic surgery by applying the most advanced technologies in microsurgical robotics, computer visualization and machine learning.
– The platform will automate the complex subtleties of ophthalmic surgery with an intuitive, patient-centric system that tackles the profound and growing problems of preventable blindness and visual impairment.
– Many of the leading causes of blindness worldwide can be prevented with timely surgical procedures. However, ophthalmic microsurgery is intricate and challenging, requiring many years to master. Also, trained ophthalmic surgeons are in extremely short supply worldwide.

Asia Biotechnology Health Care Life Science

Arctic Vision Closes Over US$100M Series B Financing

– Arctic Vision is a Shangai, China-based clinical-stage ophthalmology company focused on developing innovative therapies for pan-ocular diseases.
– The company closed an over US$100m Series B financing.
– The round was led by Loyal Valley Capital, with participation from Tencent, Octagon Capital, and Dr. Adrian Cheng.
– The proceeds will continue to support the progress of Arctic Vision’s pipeline, including clinical developments, registrational activities, and commercialization; as well as the establishment of in-house R&D capabilities; business development, and organizational growth.

Artificial Intelligence Asia GovTech Public Transportation SaaS

Optibus Raises $107 Million and Launches Geospatial Suite to Help Cities Shape the Future of Urban Mobility

– Optibus announced that it has raised $107m in a Series C round, co-led by Bessemer Venture Partners and Insight Partners.
– The funding comes as Optibus is launching one of its most significant updates: the Geospatial Suite, which significantly improves transportation networks and transit equity through the use of data-driven planning.
– Optibus will use the funding to continue expanding its global presence and enhance product capabilities such as optimization and artificial intelligence algorithms that improve mass transit for passengers while also increasing operational efficiency. The funding will also go toward accelerating the deployment of zero-emission vehicles – replacing mass transit fleets based on fossil fuels and lowering emissions worldwide, just as the US rejoins the Paris Agreement and the mitigation of climate change once again becomes a global effort.

Analytics Artificial Intelligence Asia Health Diagnostics Machine Learning

Ibex raises $38M for AI that diagnoses diseases

– Ibex Medical Analytics, a Tel Aviv, Israel-based startup developing a product suite for clinical decision-making and pathology laboratory workflows, today announced that it raised $38 million in funding.
– The global big data analytics market for health care was valued at $16.87 billion in 2017 and is projected to reach $67.82 billion by 2025, according to a recent report from Allied Market Research. It’s believed that health care organizations’ implementation of big data analytics might reduce annual costs by over 25% in the coming years. Better diagnosis and disease predictions, assisted by AI and analytics, can lead to cost reduction by decreasing hospital readmission rates, among other factors.

Apps Asia E-Commerce Internet

Ushopal Completes USD100M Financing

– Ushopal is a Shangai, China-based new luxury beauty and new retail group.
– The company completed a USD100m financing.
– The round was led by FountainVest Partners, with participation from Cathay Capital, Zhongyuan Capital, Hengxu Capital and Dazhong Zhongsong Fund.
– The new investment will be used for continued growth in China and Asia Pacific.

Analytics Artificial Intelligence Asia Health Diagnostics Machine Learning

Ibex Medical Analytics Raises $38 Million to Accelerate Adoption of AI-powered Cancer Diagnostics in Pathology

– Ibex Medical Analytics announced a $38m Series B financing round led by Octopus Ventures and 83North, with additional participation from aMoon, Planven Entrepreneur Ventures and Dell Technologies Capital, the corporate venture arm of Dell Technologies.
– Ibex transforms cancer diagnosis by harnessing unique artificial intelligence (AI) and machine learning technology at an unprecedented scale.
– The company’s Galen™ platform supports physicians and providers to improve diagnostic accuracy and efficiency, and enables development of new AI tools for precision medicine in oncology.
– Pathologists play a crucial role in the detection and diagnosis of disease, with their assessment being vital for correct treatment decisions in cancer care.
– However, a rise in cancer prevalence and advances in personalized medicine have resulted in growing diagnostic complexity that significantly increases pathologists’ workloads.

Asia Cloud Security Cyber Security Security Software Virtualization

Aqua Security protects containerized apps and infrastructure, raises $135M

– Aqua Security today announced that it raised $135 million in series E funding at a post-money valuation exceeding $1 billion.
– The Boston- and Tel Aviv-based company plans to put the proceeds toward broadening its product portfolio and its geographic footprint.
– Containers, the packages of code and dependencies that run across computing environments, are riding a worldwide wave in popularity.
– According to a recent study from Nemertes, 45% of enterprises used containers by the end of 2018 compared with 21% in 2017.
– Meanwhile, Grand View Research reports that by 2025, the industry might reach $8.2 billion.
– Aqua’s container-based app management platform runs on-premises or in the cloud and ensures that containers remain immutable, preventing changes versus their originating images.

Asia E-Learning

Quizizz Secures $12.5M in Series A Funding

– Quizizz is a Bangalore, India-based edtech startup.
– The company raised $12.5m in Series A funding.
– The round was led by Eight Roads Ventures with participation from GSV Ventures, Rocketship VC and existing investors Nexus Venture Partners and Prime Venture Partners.
– The new investment will be used to expand the company’s team and support school and corporate customers.

Advertising Asia Marketing Social Media Marketing

Taipei-based Influenxio gets $2M from DCM Ventures for its ‘microinfluencer’ marketing platform

– Influenxio, a social media marketing platform, raised $3m in funding.
– The round was led by SparkLabs Taipei and joined by other investors.
– The company plans to use the funding for hiring and product development.

Asia Automotive

Service My Car Raises $10M in Series A Funding

– Service My Car is a Dubai, UAE-based tech-enabled car-servicing platform.
– The company raised $10m in seed funding led by Bahwan from Oman.
– The new investment will be used to expand into the GCC by the end of year and extend services offered with car detailing, service contracts, roadside assistance, 4×4 accessories, insurance, rental and mobile service.
– It can be accessed from their iOS and Android app, Website and their customer care support, shortly from all GCC countries.

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