Singapore
Singapore’s digital economy grows to $98.98B in 2024
Singapore’s digital economy grew by S$12 billion ($9.27 billion), expanding to a total of S$128.1 billion ($98.98 billion) in 2024, the Infocomm Media Development Authority (IMDA) said Monday.
Nanyang Biologics announces $1.5B business combination with RF Acquisition Corp II to pursue Nasdaq listing
Nanyang Biologics Pte. Ltd. (NYB), together with its subsidiaries, announced the signing of a business combination agreement with RF Acquisition Corp II, a publicly listed special purpose acquisition company, to pursue Nasdaq listing.
Singapore’s Supabase raises $100M in Series E funding round co-led by Accel and Peak XV
Supabase, the Singapore-based database firm, has raised $100 million in Series E funding at a $5 billion valuation.
Singapore’s WMCockpit secures $1M strategic investment from investor group led by Galaxy Investments
WMCockpit, the wealth technology company headquartered in Singapore with operations in the UAE (DIFC), announced Tuesday that it has raised $1 million capital from Galaxy Investments Limited, a Dubai-based private investment vehicle.
Singapore’s BlueRed Partners backs Gain’s $12M funding round
Singapore’s venture capital firm BlueRed Partners is backing deep-tech startup Gain’s $12 million round, fueling its launch of the first artificial intelligence (AI) employees for end-to-end procurement.
YY Group partners with Obita to strengthen global ecosystem with stablecoin payment infrastructure
YY Group Holding Limited, a Singapore-based workforce solutions and integrated facility management (IFM) platform provider, announced Wednesday that it has partnered with Obita, an enterprise-level cross-border payment and digital financial network, to strengthen global ecosystem with stablecoin payment infrastructure.
BYD’s consortium gets $6.31M contract for pilot deployment of autonomous buses on two public bus services in Singapore
The Land Transport Authority (LTA) in Singapore has awarded a contract to a consortium of MKX Technologies Pte Ltd, Zhidao Network Technology (Beijing) Co. Ltd and BYD (Singapore) Pte Ltd for a contract sum of around $8.14 million ($6.31 million) to pilot autonomous buses.
Singapore’s GIC leads US’s Temporal Technologies’ $105M funding
Temporal Technologies, the US-based creators of the open source Durable Execution platform Temporal.io and the enterprise-grade managed service Temporal Cloud, announced Wednesday a secondary transaction valuing the company at $2.5 billion.
Temasek’s ClavystBio backs UK biotech Cirrus Therapeutics’s $11M funding
Cirrus Therapeutics, an United Kingdom-based ocular immunology-focused biotech, announced Wednesday the close of an $11 million seed financing to advance its pipeline of gene and cell therapies aimed at improving quality of life and extending the ocular healthspan of patients with chronic blinding diseases.
UOB rolls out organization-wide upskilling initiative for AI-enabled workplace
Singaporean bank UOB announced Wednesday an organization-wide artificial intelligence (AI) upskilling and reskilling initiative to future-proof its workforce.
