News

American technology firm Apple announced Tuesday it will open Indonesia’s fourth Apple Developer Academy in Bali, expanding on its investment to increase opportunities for developers, students, and entrepreneurs looking to embark on careers in the region’s growing iOS app economy.

Upstage, a South Korea-based artificial intelligence (AI) company specializing in large language models (LLMs) and Document AI, has announced that it has raised $72 million in a Series B. With this latest investment, Upstage has now raised over $100 million since its founding in October 2020.

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has on Tuesday announced its plans to advance the maritime biofuel ecosystem in Singapore with up to SGD 10 million ($7.33 million) in investments.

Chinese multinational technology Lenovo has announced new hybrid artificial intelligence (AI) solutions via collaboration with American technology firm NVIDIA.

Tencent-backed Primer, the unified infrastructure for global payments and commerce, has on Tuesday announced it's on track for 200 percent year-on-year revenue growth, as demand for unified payments continues to grow worldwide.

Medulance, a player in India's emergency healthcare services sector, has secured $3 million in Series A funding, led by Alkemi Growth Capital. Medulance said in a statement on Tuesday the funding round also saw participation from investors such as Dexter Capital, Aman Gupta, and Namita Thapar.

The Southeast Asia (SEA) finTech sector secured funding worth $530 million in the first quarter of 2024, a 13 percent lower than the $607 million raised in the corresponding quarter last year, Tracxn said in a a report on Tuesday.

Malaysia-based conglomerate Sunway and the National Youth Advance Skills Training Institute (IKTBN) in Dusun Tua, a public vocational school under the Ministry of Youth and Sports of Malaysia, have inked deal to foster closer cooperation focusing on Technical and Vocational Education and Training (TVET) in the fields of electrical and mechanical, and…

Analysts view the Malaysian government's move to set up an energy exchange platform to facilitate cross-border trading of renewable energy positively as it will boost the country's renewable energy industry.

Carro is raising capital during one of the hardest possible times for fledgling firms. The Southeast Asia technology industry has been plagued by job cuts, CEO resignations and falling startup valuations, making it difficult for companies to debut on public markets.