Malaysia

US tech giants including Microsoft Corp, Google and Nvidia Corp had already announced plans to build data centers in Malaysia in the past year, and Chinese firms are interested in developing more to serve the nation’s tech companies which want to enter the Southeast Asian market

OSK-SBI Venture Partners Ltd. (OSK-SBI) has on Wednesday announced the launch of its second venture capital fund to invest in category-defining companies across Southeast Asia. Active fundraising for Fund 2 is ongoing with the target to hit final close of capital commitments of $40 million.

Malaysian clean energy solutions provider Gentari Sdn Bhd (Gentari), a subsidiary of Malaysia’s Petronas Group, is collaborating with Finland-based electric vehicle (EV) charging business solution provider Virta through its subsidiary Gentari Green Mobility to expand the EV charging network across Southeast Asia.

Malaysian information technology (IT) services firm Systech Bhd has partnered industrial-grade servers and storage solutions provider EH Integrated Systems Sdn. Bhd. (EISSB) to develop and operate data centers.

Malaysian digital media firm Catcha Digital Berhad, via its subsidiary, has entered into a joint venture agreement with Khairy Jamaluddin (KJ) and Shahril Hamdan (Shahril), the founders of Keluar Sekejap Sdn Bhd (Keluar Sekejap) to co-found and form a new disruptive digital media business, KS Lagi.

Solarvest, Malaysia’s clean energy firm, has announced a strategic collaboration with GreenRock Energy, a Taiwanese renewable energy player, to accelerate the development of green energy solutions in both Taiwan and Malaysia.

This landmark collaboration between the diplomatic mission of the world’s largest trading bloc and one of Southeast Asia’s leading conglomerates marks another significant milestone in both entities’ commitment towards a net zero future.

Axrail, an artificial intelligence (AI) subsidiary of Malaysian integrated agro-based business group QL Resources Berhad, has opened a generative AI (Gen AI) lab in Malaysia and Southeast Asia showcasing cloud and edge solutions, to support the growing demand for AI solutions and the nation’s digital economy aspirations.

Malaysia-based earned-wage access (EWA) service provider Paywatch has raised $30 million in funding from a mix of equity and credit facilities to supercharge its growth.

Okapi Technologies, a Malaysia-based climate fintech startup in the solar financing space, announced Monday the successful closure of its funding round and official launch in Malaysia, starting with the residential solar sector.