Asia

Giga AI, Inc, an India-based company that provides large language models (LLMs), has raised $3.6 million in seed funding to further its goal of helping businesses safely implement on-premises deployments of large language models. Nexus Venture Partners led the investment round, with participation from Y Combinator, Liquid 2 Venture, and Y Combinator Chief…

Alipay+, the payment platform of China-based Ant Group, announced Monday that it has partnered LankaPay, Sri Lanka’s National Payment Network, to enhance digital travel experience to and from Sri Lanka. The duo have recently signed an memorandum of understanding (MoU) towards enhancing inbound and outbound travel experience through cross-border digital…

Peak XV’s rapid scale-up program Surge has on Monday launched its ninth cohort of early-stage startups featuring 32 inspiring founders across 13 startups. Surge’s curated community of startups now includes nine cohorts, 330+ founders and 140+ startups across 16+ sectors in less than five years.

Patrick Grove-backed Proptech firm Sidespace is seeking AUD $2.5 million ($1.6 million) to disrupt commercial real estate. The firm is seeking the capital infusion from new and existing investors to fund its path towards AUD 12 million ($7.56 million) in annual revenue by 2026.

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.

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…

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.

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.

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-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).