Asia

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.

Toyota Ventures, the early-stage venture capital arm of Toyota, has announced a total of$300 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation.

EMURGO, a Japanese blockchain company that drives Web3 adoption via the Cardano blockchain, has on Thursday announced a partnership with Huawei Cloud to extend support for a Cardano Validator Node on the Huawei Cloud, further strengthening the Cardano network.

American technology firm Microsoft has announced it will invest $2.9 billion over the next two years to increase its hyperscale cloud computing and artificial intelligence (AI) infrastructure in Japan.

Neysa, an India-based artificial intelligence (AI) cloud and platform-as-a-service startup (PaaS), has secured $20 million in seed funding. Led by Matrix Partners India, Nexus Venture Partners, and NTTVC, the funding will help drive the generative-AI-cloud platform as a service and observability for India and global markets.

The Professional Triathletes Organization (PTO) and SPORTPASS, a fan engagement and gaming platform and a subsidiary of Animoca Brands, have on Wednesday announced the entry into a framework in respect of a partnership to transform the fan experience for triathlon and endurance sports that leverages Web3 and blockchain technology.

Australian miner Rio Tinto is teaming up with global venture studio and start-up investor Founders Factory to invest AUD 14.4 million ($9.28 million) in technology startups.

Metalpha Technology Holding Limited, a Hong Kong-based digital asset-focused wealth management company, together with global chips provider Algos Electronics Corp., have established NOWLIT FinTech Solutions Corp.

Southeast Asia's initial public offering (IPI) activity slowed down in the first quarter, with a total of 38 deals raising$1 billion, down from 51 deals raising $1.4 billion in the first quarter of 2023.

Filter Capital, a technology-focused growth investment firm based in India, has announced the successful final close of its first fund – Filter Capital India Fund I at a total corpus of 800 crores ($97 million).