News

India’s Portl secures $3M in funding round led by Bharat Innovation Fund

Portl, an India-based digital fitness and wellness technology startup, has successfully closed a $3 million funding round led by Bharat Innovation Fund. This round also saw participation from existing investor Kalaari Capital and new investor T-Hub Foundation.

Sime Darby Property partners Pearl Computing to develop hyperscale data center with lease value of $424M

Malaysian property developer Sime Darby Property said Thursday that it has partnered with Pearl Computing Malaysia Sdn Bhd, a wholly-owned subsidiary of a multinational technology company, to develop a hyperscale data center for a multinational tech firm with a lease value of MYR 2 billion ($424 million).

Singapore’s XSQUARE Technologies secures $7.8M in Series A funding led by Wavemaker Partners

XSQUARE Technologies (XSQUARE), a Singapore-based intelligent warehousing automation company, has successfully raised SGD 10.5 million ($7.78 million) in Series A funding. The round was led by Wavemaker Partners, the Southeast Asia's leading venture capital firm, with participation from SEEDS Capital, the investment arm of Enterprise Singapore–and Goldbell…

Alibaba partners LVMH to enhance luxury retail experience in China

LVMH Group, the world leader in luxury products, and Alibaba Group, the leading e-commerce and technology company in China, have on Thursday announced an extended partnership to enhance luxury experience in China, leveraging Alibaba’s cloud technologies, through artificial intelligence (AI)-powered innovations in retail and on-line with Tmall.

Ciena global study finds 60% of CSPs believe AI will improve network operational efficiency by 40% or more

A global study commissioned by Ciena has found communications service providers’ (CSPs) growing optimism toward artificial intelligence (AI), as more than half of telecom and information technology (IT) engineers surveyed believe the use of AI will improve network operational efficiency by 40 percent or more.

Bangladesh’s Shomvob raises $1M in pre-seed financing round led by Cocoon Capital

Shomvob, the business to business (B2B) job-tech and human resource (HR) tech platform in Bangladesh, has on Thursday announced a $1 million pre-seed financing round led by Singapore-based early-stage venture capital firm Cocoon Capital.

Taiwan luxury resale marketpalce Popchill finalizes $3.1M funding round

PopChill, a luxury resale marketplace operating in Taiwan and Hong Kong, announced Wednesday that it had finalized a $3.1 million Pre-A+ funding round. The firm secured an additional $1.3 million, bringing the total funds raised in this round to $3.1 million, inclusive of the earlier announced $1.8 million.

Singapore based angel investment network ThinKuvate launches $12M maiden India fund

Singapore-based angel investment network ThinKuvate has on Tuesday announced the launch of its first India focused Fund – ThinKuvate India Fund – I with a total corpus of Rs 100 crore ($12 million).

PropertyGuru’s revenue up 12 pct year on year to $27.45M in first quarter

Singapore-based online property portal PropertyGuru said Tuesday that its total revenue increased 12 percent year over year to SGD 37 million ($27.45 million) in the first quarter.