TechNode Global Staff
Grab reports lower losses in second quarter as revenue jumps
Singapore-based super app Grab Holdings Limited has reported lower losses in the second quarter amid higher revenue. The loss for the the group was $148 million in the quarter, a 74 percent improvement year on year, primarily due to the improvement in group adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) and a reduction in…
Binance Labs invests in Pendle Finance to scale DeFi yield opportunities and drive adoption for LSDfi
Binance Labs, the venture capital and incubation arm of Binance, has invested in Pendle Finance, a DeFi protocol that enables the tokenization and trading of yield. The investment emphasizes Binance Labs’ commitment to supporting promising projects that will shape the next generation of DeFi primitives, and enable Pendle Finance to extend their reach across…
Singaporean startup Solar AI Technologies raises $1.5M to hyperscale solar
Singapore-based startup Solar AI Technologies, has recently closed its $1.5 million seed round led by Earth Venture Capital. Solar AI Technologies on Wednesday said that the round also saw participation from Undivided Ventures, Investible and climate-tech angel investor David Pardo.
Touchstone Partners and Temasek Foundation launch global climate innovations competition in Vietnam
Touchstone Partners, a Vietnam-based early-stage venture capital firm, and Temasek Foundation, a Singapore-based, non-profit philanthropic organization, have on Tuesday co-launched Net Zero Challenge 2023 (N0C 2023), a global climate innovations competition, in partnership with the Ho Chi Minh City Institute for Development Studies (HIDS). The competition…
Renewable energy manufacturing in Southeast Asia can generate $90B to $100B in sustainable revenue by 2030
Renewable energy manufacturing in Southeast Asia can generate $90 billion to $100 billion in sustainable revenue by 2030, said the Asian Development Bank (ADB) on Thursday. According to new research released by the Asian Development Bank (ADB), Bloomberg Philanthropies, ClimateWorks Foundation, and Sustainable Energy for All (SEforALL), the Southeast Asian…
Binance Labs invests in Delphinus Lab to support next era of Web3 applications
Binance Labs, the venture capital and incubation arm of Binance, has invested in Delphinus Lab, an infrastructure provider that has implemented the first known open-source zkWASM virtual machine that supports trustless computation and application SDKs. The funds invested will support the ongoing development of Delphinus Lab's zkWASM-based application rollup…
Singapore’s Neurowyzr raises additional $2.1M in seed funding co-led by Jungle Ventures and Peak XV’s Surge
Neurowyzr, a Singapore-based healthtech company specializing in enhancing brain health and developing state-of-the-art technologies to mitigate early brain decline, has raised an additional $2.1 million in an oversubscribed seed round. The round, jointly led by Jungle Ventures and Peak XV’s Surge (formerly Sequoia India and Southeast Asia), with…
US’s Axiom Space secures $350M in Series-C round led by Saudi and South Korean investors
Axiom Space has on Monday announced that it has secured $350 million in its Series-C round of growth funding, lifting the total funds raised to over $505 million from investors and achieving more than $2.2 billion in customer contracts. Investments, led by Aljazira Capital and Boryung, will fuel continued growth for Houston-based space company building…
Singapore’s FlashIntel raises $10M in seed and angel investment
FlashIntel, a Singapore-based go-to-market intelligence platform, has announced a successful $10 million raise in its recent seed and angel investment phase. Notable investors backing this round include Celtic House Venture Partners, Uphonest Capital, and Hat-Trick Capital.
