Asia
US-based NVIDIA partners Taiwan’s Foxconn to build factories and systems for the AI industrial revolution
American multinational technology company NVIDIA has on Tuesday announced that it is collaborating with Taiwanese multinational electronics contract manufacturer Hon Hai Technology Group (Foxconn) to accelerate the artificial intelligence (AI) industrial revolution.
Australia’s Digital Classifieds Group acquires Lamudi Indonesia & Philippines
Australian-based Digital Classifieds Group (DCG) has acquired the online property marketplaces in Indonesia and the Philippines in a newly confirmed acquisition of the Lamudi assets from the dubizzle Group (formerly EMPG). The deal follows DCG’s acquisition of the leading Bangladeshi portal, Bproperty, in January 2023 and propels the group to be Asia’s…
India’s BIVA Analytics raises $500,000 in funding led by Equanimity Ventures
BIVA Analytics, an India-based plug and play analytics platform, has on Monday announced the successful completion of its seed round funding, raising $500,000. This round was led by Equanimity Ventures, with participation from T-Hub, SucSeed Ventures, WarmUp Ventures and value-additive angels.
Australia’s Atlassian to acquire video messaging platform Loom for $975 million
Atlassian Corporation, a provider of team collaboration and productivity software based in Australia, will acquire video messaging platform Loom for approximately $975 million to supercharge team collaboration.
Kazakhstan Science Fund partners Quest Ventures to boost startup ecosystem
The Science Fund, a Kazakhstan national institute for scientific and technological development, has on Monda announced that it has signed an agreement with Singapore-based venture capital firm Quest Ventures to bolster the vibrant emerging startup and innovation ecosystem in the country.
Japan’s embedded flash memory developer Floadia raises $7M from INABATA and others
Japan-based embedded flash memory developer Floadia Corporation has raised approximately JPY 1.05 billion ($7.04 million) in Series D round. As a first closing, Inabata & Co., Ltd. headquartered in Chuo-ku, Osaka, and Cypress Capital, a Hong Kong investment company, underwrote an allotment of capital for a total of JPY 850 million ($5.7 million).
Abu Dhabi’s Masdar to invest $8B in renewable energy projects in Malaysia
Abu Dhabi Future Energy Company PJSC – Masdar, the United Arab Emirates (UAE)’s clean energy powerhouse plans to invest $8 billion for renewable energy projects in Malaysia. Masdar will develop up to 10 gigawatts (GW) of renewable energy projects in a strategic partnership that will significantly contribute to Malaysia’s sustainable energy……
Japan’s Beyond Next Ventures achieves first close of its deeptech fund at over $67.17M
Japan-based venture capital firm Beyond Next Ventures, Inc. said Wednesday that it has achieved first close of its deeptech fund at over $67.17 million. The firm said it will continue its fund-raising activities in order to realize its final target size of JPY 20-25 billion ($134.34 million to $167.93 million).
Singapore’s UnaFinancial partners with UK’s Velexa to launch digital investing platform in the UAE
UnaFinancial (formerly known as Robocash Group), a Singapore-based fintech group, has partnered with Velexa, a United Kingdom-based wealthtech disruptor to launch a digital investing platform in the United Arab Emirates (UAE).
Bolttech, Allianz Partners team up to offer insurance solutions across APAC and US
Global insurance firm Allianz Partners and Singapore-based insurtech firm bolttech have announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific (APAC) and the United States.
