News
Axrail opens Gen AI lab in Malaysia in collaboration with AWS and Phison
Axrail, an artificial intelligence (AI) subsidiary of Malaysian integrated agro-based business group QL Resources Berhad, has opened a generative AI (Gen AI) lab in Malaysia and Southeast Asia showcasing cloud and edge solutions, to support the growing demand for AI solutions and the nation’s digital economy aspirations.
Malaysia’s Paywatch secures $30M funding from a mix of equity and credit facilities
Malaysia-based earned-wage access (EWA) service provider Paywatch has raised $30 million in funding from a mix of equity and credit facilities to supercharge its growth.
Malaysian climate fintech startup Okapi Technologies raises funding from The Radical Fund
Okapi Technologies, a Malaysia-based climate fintech startup in the solar financing space, announced Monday the successful closure of its funding round and official launch in Malaysia, starting with the residential solar sector.
OneFootball adopts Mocaverse’s Realm Network to offer Football ID to over 200 million football fans
Mocaverse, the marquee consumer network seeded by Animoca Brands, announced Friday a strategic partnership with OneFootball, a global football platform with more than 200 million fans, to leverage Mocaverse’s Realm Network interoperable SDK to launch Football ID, the universal football decentralized identifier (DID) and reputation layer to onboard football…
India’s OrbitShift raises $7M in seed funding led by Peak XV’s Surge, Stellaris Venture Partners
OrbitShift, an India-based artificial intelligence (AI)-native sales operating system that accelerates enterprise sales motions, has announced $7 million in seed funding led by Peak XV’s Surge and Stellaris Venture Partners.
SEA tech startups funding plunges 65 percent on year in first half
Companies in the Southeast Asia (SEA) tech space has raised $1.6 billion in the first half of 2024, a substantial 65 percent drop compared to the $4.5 billion raised in the first half of 2023, and 37 percent lower than $2.5 billion raised in the second half of 2023, Tracxn says Friday.
Gleneagles Hospital Kengeri partners Medulance to launch South India’s 5G-enabled ambulance service
Gleneagles BGS Hospital, Kengeri has announced the launch of South India's 5G-enabled ambulance service in partnership with Indian GPS-based technology platform Medulance.
Singtel, Deutsche Telekom, e&, SK Telecom, SoftBank Corp team up for developing multilingual Telco LLM
Singapore Telecommunications Limited (Singtel), Deutsche Telekom, e&, SK Telecom, SoftBank Corp., the founding parties of the Global Telco AI Alliance (GTAA), have signed a joint venture (JV) agreement focused on co-developing and launching a multilingual Telco Large Language Models (LLM).
Malaysia’s HOMA2u raises capital from Asia Fund X for regional expansion
HOMA Sdn Bhd (HOMA2u), a Malaysian marketplace for overstocked and new renovation and interior design materials, announced Friday that it has secured an additional $625,000 from Asia Fund X in its pre-series A funding round.
China’s Luckin Coffee to enter Malaysian market with local partner – report
The entry comes at a time when Malaysians are seeing a rising number of local and international coffee chain brands and outlets in the country. Both local and international coffee brands are competing for a larger market share as US brand Starbucks faces ongoing boycott amid the Israel-Gaza war. In China, Luckin Coffee's home market, the entry also comes…
