Latest news and trends about tech
Winter is coming, but startups can be prepared with the right tech planning
Cloud services provide access to top-notch infrastructure at low upfront costs and allow startups to launch products at a faster pace. It also helps the product team to scale their load-handling capacity in case the demand shoots up for their goods or services. We recommend firms get a cloud partner early on to help in this journey.
Sequoia India and Southeast Asia’s Surge back EdTech firm Virtual Internships $14.3M fund raise
Virtual Internships, a United Kingdom-based EdTech company, announced Thursday that it has closed a $14.3 million Series A raise led by Hambro Perks. The round was also supported by Sequoia India and Southeast Asia’s Surge, Arsenal Growth, Kaplan, Ascend Vietnam Ventures, and STIC Investments.
Sea Ltd’s top management to forgo salaries as firm cuts cost – report
The company’s main objective for the next 12 to 18 months is to achieve positive cash flow as soon as possible.
Japan’s Softbank considers launching third Vision Fund – report
Softbank would likely use its own cash for what would be the third SoftBank Vision Fund if it moves ahead with the plan, the people reportedly said.
US’s Orbital Insight expands to Southeast Asia with Thailand as its first target
Orbital Insight, a geospatial analytics and location intelligence solutions provider based in Palo Alto, California, announced Thursday its expansion into Southeast Asia. The firm has recently announced its first partnership in the region with Thaicom, Thailand’s leading satellite operator and provider of integrated satellite communications.
Indonesian crypto exchange Reku grabs $11M led by AC Ventures
Indonesia-based crypto exchange and marketplace Reku (formerly Rekeningku.com) has secured an $11 million series A funding round, led by AC Ventures (ACV), with participation from Coinbase Ventures and Skystar Capital.
Glife Technologies closes Series A with $3M investment from Tin Men Capital
Glife Technologies (Glife), a Singapore-headquartered digital business-to-business (B2B) food and agritech company, has announced a $3 million Series A follow-on funding to further support their operations across the Southeast Asia region.
Japanese unicorn Sansan plots Southeast Asian expansion despite recession fear [Q&A]
In the interview, Senju also shared his views on the opportunities and challenges he sees in Southeast Asia.
BNB Chain partners Google Cloud to accelerate Web3 and blockchain startups growth
BNB Chain (formerly called Binance Coin), the largest smart contract blockchain in terms of transaction volume and users in Web3, and Google Cloud, have entered into a strategic collaboration to enable early-stage Web3 and blockchain startups to develop and scale high-performance, efficient, and sustainable innovations for users and the entire industry.
Amasia creates impact assessment framework to evaluate climate impact for early-stage companies
Amasia, a global early-stage venture capital firm focused on sustainability and climate, said Wednesday it has created a robust impact assessment framework to evaluate and manage the climate impact of investee companies.
