News
IFC provides $30M to M bank to increase digital lending for women and small businesses in Mongolia
International Finance Corporation (IFC) announced Wednesday that it has provided $30 million to M bank, Mongolia's first digitally focused bank, to increase digital lending for women and small businesses in the country.
South Korean AI firm DEEPX raises $80.5M in Series C funding led by SkyLake Equity Partners
DEEPX, a South Korea's artificial intelligence (AI) semiconductor technology startup, has announced the successful conclusion of its Series C funding round, amassing $80.5 million. The round was spearheaded by SkyLake Equity Partners with participation from BNW Investments and AJU IB, alongside existing stakeholder TimeFolio Asset Management.
Linnovate Partners raises $40M in funding led by SeaTown
Linnovate Partners, a Singaporean firm involved in asset servicing and fintech for the alternative investment industry, has announced the successful closure of $40 million funding commitment by SeaTown Private Capital Master Fund.
Australia’s MetroElectro secures $680,000 from Wavemaker Impact to develop mid-sized renewable power plants
MetroElectro, a climate tech startup based in Australia, has secured AUD 1.04 million ($680,000) from Singapore-based climate tech venture builder Wavemaker Impact to develop mid-sized renewable power plants.
Indonesia’s Ministry of Health strengthens collaboration with Google Cloud for generative AI healthcare solutions
The Ministry of Health of the Republic of Indonesia (Kementerian Kesehatan) has on Tuesday announced an expanded collaboration with Google Cloud to support the development of healthcare-specific generative AI (gen AI) innovations, aligning with the goals set out in the Indonesian government’s blueprint for digital health transformation and Digital Indonesia…
Singapore’s NSG BioLabs raises $14.5M in financing round led by Celadon Partners
NSG BioLabs, Singapore's largest provider of biotech co-working laboratory and office space, has successfully concluded a $14.5 million financing round. The round was led by Celadon Partners, an Asian private equity firm.
Agritech platform Rize raises $14M in Series A funding co-led by Breakthrough Energy Ventures, GenZero, Temasek, Wavemaker Impact
Rize, an agritech startup formed through a joint venture between Temasek, Wavemaker Impact, Breakthrough Energy Ventures, GenZero to decarbonize rice cultivation in Asia, has announced the closing of its $14 million Series A funding round.
Indonesia’s Elevarm secures $2.6M in seed funding to empower horticulture farmers
Funding round led by Singapore’s Insignia Ventures Partners, with participation from 500 Global and Gibran Huzaifah, CEO and Founder of eFishery.
Malaysia’s AI governance and ethics code framework at final stage, will be launched soon – report
The Ministry of Science, Technology and Innovation (MOSTI) has been working with Universiti Teknologi Malaysia and other representatives of government agencies, higher education institutions and industry players, to develop the framework.
Princeton Digital Group secures $280M green loan for AI-ready data center campus in Malaysia
Princeton Digital Group (PDG), Asia’s leading data center provider, has secured its first MYR 1.27 billion ($280 million) green loan for its 150MW artificial intelligence (AI)-ready JH1 campus in Sedenak Tech Park (STeP) in Johor, Malaysia.
