News

Elon Musk announces new AI company, xAI

"The goal of xAI is to understand the true nature of the universe. You can meet the team and ask us questions during a Twitter Spaces chat on Friday, July 14," the company said.

Singapore’s Antler partners Khazanah to launch and invest in Malaysia

Singapore-based venture capital firm Antler is extending its international footprint into Malaysia through a partnership with the sovereign wealth fund of Malaysia Khazanah. Khazanah said in a statement on Thursday that Antler is aiming to invest in over 30 startups across Malaysia over the next three years.

Malaysia’s Teleport unveils first A321 freighter

Teleport, the logistics venture seeded by Malaysia-listed firm Capital A Berhad, has officially inducted its first Airbus A321 Freighter (A321F) aircraft into its air logistics fleet, which is set to strengthen its position as the market leader in terms of most air cargo volume by tonnage across Southeast Asia, as certified by the World ACD.

Indonesia’s Orderfaz completes pre-seed funding led by 1982 Ventures

Orderfaz, an Indonesian fintech startup for social commerce sellers, has on Thursday announced the completion of a pre-seed round of financing led by 1982 Ventures. With this round of financing, the firm plans to bring on new hires across all functions to drive platform development and market expansion.

China’s EHang raises $23M in private placement led by South Korean investor Lee Soo Man

EHang Holdings Limited (EHang), the United States-listed Chinese autonomous aerial vehicle (AAV) technology platform company, has raised a total of $23 million in private placement led by strategic South Korean investor Lee Soo Man.

Temasek’s VC arm Vertex raises $900M in first round of new fund, plans to close in “coming months”, says CEO

Vertex Master Fund III was set up by Vertex Holdings to provide Japanese investors diversified exposure to key innovation hubs globally by investing into its Vertex family of funds

Former Allianz Indonesia CEO joins PasarPolis as President

Indonesia-based insurtech startup PasarPolis has appointed industry veteran Peter Van Zyl as its President. Former Director and Chief Executive Officer of Allianz Indonesia, Van Zyl will bring his deep expertise and leadership to bear on the firm's ongoing mission to democratize insurance.

India’s Razorpay launches payment gateway in Malaysia via Curlec

Indian Fintech Unicorn Razorpay has on Wednesday launched a full-stack payment gateway in Malaysia through Curtech, a Malaysian fintech firm it acquired last year. The Curlec Payment Gateway will serve more than 5,000 businesses with a target of MYR 10 billion ($2.15 billion) in annualized gross transaction value (GTV) by 2025.

Indonesia’s SoLeLands raises funding led by East Ventures

SoLeLands, an Indonesia-based immersive game-based learning platform to support kids’ self-discovery, has on Wednesday announced that the company had raised funding led by East Ventures, with the participation of SMDV.

India’s Wipro commits to invest $1B in AI over the next three years

India-based technology services and consulting company Wipro Limited said Wednesday it will commit to make a $1 billion investment in advancing artificial intelligence (AI) capabilities over the next three years.