News

Thailand’s 9Basil acquires Singapore private credit platform AlteriQ Global

9Basil Group, a Thailand-based alternative investments firm, has on Thursday announced its acquisition of AlteriQ Global (AlteriQ), a boutique Asia-Pacific private credit platform based in Singapore.

Microsoft to invest $2.9B in AI and cloud infrastructure in Japan

American technology firm Microsoft has announced it will invest $2.9 billion over the next two years to increase its hyperscale cloud computing and artificial intelligence (AI) infrastructure in Japan.

India’s Neysa raises $20M in seed funding led by Matrix Partners India, Nexus Venture Partners, NTTVC

Neysa, an India-based artificial intelligence (AI) cloud and platform-as-a-service startup (PaaS), has secured $20 million in seed funding. Led by Matrix Partners India, Nexus Venture Partners, and NTTVC, the funding will help drive the generative-AI-cloud platform as a service and observability for India and global markets.

Professional Triathletes Organization partners Animoca Brands’ subsidiary SPORTPASS for endurance sports Web 3 experience

The Professional Triathletes Organization (PTO) and SPORTPASS, a fan engagement and gaming platform and a subsidiary of Animoca Brands, have on Wednesday announced the entry into a framework in respect of a partnership to transform the fan experience for triathlon and endurance sports that leverages Web3 and blockchain technology.

Rio Tinto partners Founders Factory to invest $9.28M in technology startups

Australian miner Rio Tinto is teaming up with global venture studio and start-up investor Founders Factory to invest AUD 14.4 million ($9.28 million) in technology startups.

Metalpha and Algos Electronics jointly set up NOWLIT fintech solutions

Metalpha Technology Holding Limited, a Hong Kong-based digital asset-focused wealth management company, together with global chips provider Algos Electronics Corp., have established NOWLIT FinTech Solutions Corp.

Vietnam’s CNV secures $1M seed funding from Wavemaker Partners

CNV, a Vietnamese cloud-based business and marketing solutions provider, has successfully raised its seed funding of $1 million from Singapore-based venture capital firm Wavemaker Partners.

EY : Southeast Asia’s IPO deals down to $1B in first quarter

Southeast Asia's initial public offering (IPI) activity slowed down in the first quarter, with a total of 38 deals raising$1 billion, down from 51 deals raising $1.4 billion in the first quarter of 2023.

SUSI Partners invests in buildout of utility-scale renewables projects in the Philippines

SUSI Partners, through the SUSI Asia Energy Transition Fund (SAETF), has entered into an investment agreement with experienced Southeast Asian developer Alba Renewables (Alba) to support the development, construction, and operation of utility-scale, ground-mounted solar photovoltaic (PV) and onshore wind projects in the Philippines.

India’s Filter Capital announces final close of $97M for its inaugural fund

Filter Capital, a technology-focused growth investment firm based in India, has announced the successful final close of its first fund – Filter Capital India Fund I at a total corpus of 800 crores ($97 million).