Asia
Australian AI startup Neara closes $24M Series B funding from Prosus Ventures and others
Neara, an Australia-based infrastructure modeling platform, has closed $24 million Series B funding from Prosus Ventures and its existing investors, Skip Capital and Square Peg Capital.
Taiwan’s Foxconn invests in US-based AI firm Kneron’s $49M additional round
Kneron, the San Diego-based full-stack artificial intellingence (AI) company, has on Tuesday announced $49 mlllion in strategic funding from investors including Foxconn, HH-CTBC Partnership (Foxconn Co-GP Fund) and Alltek, bringing its total Series B financing to $97 million. The full round was led by Horizons Ventures, with participation across several…
LexisNexis : Global financial crime compliance costs for financial institutions totals more than $206B
Global financial crime compliance costs for financial institutions totals more than $206 billion, according to LexisNexis® Risk Solutions released on Wednesday. The cost is comparable to more than 12 percent of global research and development (R&D) expenditure and equates to $3.33 per month for each working-age individual on earth.
VR46 Metaverse, Animoca Brands, Gravitaslabs join forces to build innovative Web3 experiences for motorsport enthusiasts
Valentino Rossi's company VR46 Metaverse, Hong Kong-based gaming firm Animoca Brands and its subsidiary Gravitaslabs have joined forces to build innovative Web3 experiences for motorsport enthusiasts. VR46 Metaverse has announced a partnership with Animoca Brands and Gravitaslabs to jointly explore innovative gaming and Web3 activations across metaverse…
Animoca Brands partners Daehong Communications to advance Lotte Group’s Web3 business
Animoca Brands, the Hong Kong-based company advancing digital property rights for gaming and the open metaverse, has partnered Daehong Communications, the Lotte Group marketing and advertising arm based in South Korea, to advance Lotte Group’s Web3 business through key initiatives with Mocaverse and Bellygom.
VDX and MaiCapital sign MoU for comprehensive strategic partnership
VDX, the Hong Kong-based up-and-coming digital asset platform, has on Tuesday announced a strategic partnership with MaiCapital, an Hong Kong Securities & Futures Commission (SFC)-licensed blockchain and virtual asset manager, to support its upcoming Security Token Offering (STO) projects.
Quest Ventures appoints April Ong Vaño as Head of Environmental, Social & Governance
China-based venture capital firm Quest Ventures has appointed Philippine-based April Ong Vaño as its Head of Environmental, Social & Governance (ESG). In this capacity, Ong Vaño will play a pivotal role in advancing the company's mission and advancing sustainability efforts in key markets.
Japan’s Incubate Fund Asia announces first close of $50M third fund
Japan's venture capital firm Incubate Fund Asia has on Thursday announced the first close of its third fund which has a target corpus of $50 million. The fund is expanding its focus on supporting pre-seed and seed-stage startups in India and South East Asia (SEA).
Pakistan’s Truckistan Technologies secures $1M initial funding
Truckistan Technologies, the Pakistan-based tech-enabled less-than-truckload (LTL) company, has on Tuesday announced its successful seed fundraising round. The final amount is nearly $1 million with some late-stage participants yet to finalize their commitments.
India’s Atlys raises $12M in Series A funding led by Peak XV Partners, Elevation Capital
Indian online visa application platform Atlys has raised $12 million in a Series A round led by Peak XV Partners (formerly Sequoia Capital India) and Elevation Capital. The round also saw participation from existing investors Andreessen Horowitz (a16z), Musical Duo Chainsmokers, South Park Commons, Pinterest Founders and other investors.
