News

Tokyo-based workforce platform X Mile has raised JPY 3.17 billion ($20 million) in a Series C round led by Vertex Growth, the growth-stage platform of the Vertex global venture capital network, bringing the company's total funding to JPY6.96 billion.

Only 29 percent of Singapore businesses can produce an audit trail to prove AI-driven decisions to regulators, shareholders, or customers, trailing the Asia-Pacific average of 38 percent who hold a tamper-proof audit trail.

Grab, the Singapore-based superapp, reported revenue of $1.95 billion for the first half of 2026, up 23 percent year-on-year, with profit for the period of $355 million compared with $30 million a year earlier, Grab said in its quarterly review released on Tuesday.

SB Telecom Singapore, a subsidiary of Japan's SoftBank, Singapore's SC ZEUS Data Centers, and Malaysia's Robust HPC Group will collaborate to develop AI data center infrastructure across Southeast Asia, with initial deployments focused on Malaysia, Thailand, Indonesia, and Vietnam.

Malaysia is the only market among eight surveyed in Asia where 100 percent of respondents plan to increase AI investment, according to a survey of 1,000 IT decision-makers commissioned by China's Alibaba Cloud and conducted by NielsenIQ.

China's technology giant Huawei has launched four AI data center infrastructure solutions in Malaysia targeting power supply, power protection, energy storage, and cooling.

Cradle Fund, the Malaysian government's focal point agency for startup ecosystem development under the Ministry of Science, Technology and Innovation (MOSTI), has opened registration for the Cradle LIVE! Summit 2026.

Vietnam's tech giant VNG Group reported adjusted operating profit of VND467 billion ($17.8 million) for the second quarter of 2026, up 86 percent year-on-year, with post-tax profit of VND467billion compared with VND 15 billion a year earlier

Half of CEOs in Southeast Asia say innovation is critical to their business strategy, yet 32.5 percent of employees say they do not feel confident in innovation, influence, and cross-functional collaboration, according to a report of AI-powered payroll platform Omni HR.

Big Sky Capital, in partnership with Malaysia's venture program GUIDE and supported by Kazakhstan's innovation agency Astana Hub, has concluded a two-month SEA Enterprise Technology Launchpad program for B2B enterprise and industrial technology startups from Central Asia.