News

Indian deep tech artificial intelligence (AI) startup Myelin Foundry has raised its Series A of $3 million led by Visteon Corporation, a global automotive electronics major. Other participating investors include current Myelin investors Endiya Partners, Beyond Next Ventures, and Pratithi Investment Trust.

Imajin, a manufacturing startup based in Tangerang, Indonesia, announced Wednesday that it has secured seed funding led by East Ventures, along with the participation of 500 SEA, Init 6, as well as other investors and angel investors.

iSeller, Indonesia’s omnichannel-based Point of Sale (POS) platform for online and offline merchants, has on Thursday announced the completion of a $12 million Series B round of financing led by Intudo Ventures. The round also saw participation from KVision (Kasikornbank), as well as existing investors Mandiri Capital Indonesia and Openspace Ventures.

Hanyang University Holdings (HYUH), South Korea’s first university-based investment-holding company, has on Friday announced its partnership with Singapore homegrown early-stage innovation ecosystem enabler Farquhar VC (FVC), to enable Hanyang University (HYU) and South Korean startups to thrive in the global stage.

Pilon, a Singapore-based FinTech firm that offers cloud-based supply chain financing system, has on Friday announced that it has successfully raised a seed round of $5.2 million led by Wavemaker Partners. The round also saw participation from Octava Pte Ltd and Polaris Kin Pte Ltd.

Capital Square Partners (CSP) and Basil Technology Partners (BTP) (collectively the GP or the team), two Singapore-based private equity firms, announced Thursday a new partnership and the successful close of a about $700 million fund (CSP Fund II).

B Capital, a global multi-stage investment firm, has on Thursday announced the close of its third venture growth fund and related companion funds (together, Growth Fund III), with aggregate capital commitments of approximately $2.1 billion.

Hong Kong-based PCCW and HKT (PCCW/HKT) have announced the launch of PCCW-HKT Futurera, a virtual world in The Sandbox metaverse, introducing over 20 missions for players, such as games based on popular ViuTV show "Be ON Game", and serving as Hong Kong's first metaverse staff recruitment to explore Web3.0 talent through gamification.

MYStartup, a Malaysian government initiative powered by Cradle Fund Sdn Bhd. (Cradle), in partnership with Digital Nasional Berhad (DNB), has on Wednesday announced the winners for the recently concluded MYStartup Hackathon 2022.

GOOD Meat, the cultivated meat division of food technology company Eat Just, Inc., has on Wednesday announced that it has been given a new, first-in-the-world regulatory approval by the Singapore Food Agency (SFA) for the use of serum-free media for the production of cultivated meat.