Singapore

International Payment Identity (iPiD), a Singapore-based fintech firm, announced Wednesday it has secured $5.3 million in a Pre-Series A funding round. This oversubscribed round was led by early stage tech-focused venture capital firm, Monk’s Hill Ventures.

Google has on Monday announced the completion of its latest data center and cloud region campus expansion in Singapore. This milestone brings the company’s total investments in technical infrastructure in the country to $5 billion, up from $850 million in 2018.

Singapore has launched AI Verify- Project Moonshot, a testing toolkit designed to address security and safety challenges often associated with the use of large language models (LLMs), the cornerstone of many AI-driven solutions.

Triple-A, the Singapore-based digital currency financial institution, has announced it will incorporate PayPal USD (PYUSD) into its payment services, allowing clients to accept the stablecoin as a payment method, and to facilitate cross-border payments using the stablecoin.

Marketnode, a Singapore-based digital market infrastructure operator, has on Thursday announced the successful first close of its Series A investment round led by HSBC alongside contributions from existing shareholder Temasek.

Singapore’s Deputy Prime Minister and Chairman of the National Research Foundation (NRF) Heng Swee Keat, has on Thursday outlined an investment of close to SGD 300 million ($222 million) into Singapore’s National Quantum Strategy (NQS) to advance Singapore’s growing Quantum industry.

Grab, a leading superapp in Southeast Asia, and OpenAI, an American artificial intelligence research organization, have on Thursday announced they will collaborate to build and deploy advanced artificial intelligence (AI) solutions that enrich the Grab experience for users, partners, and employees.

Tribe and Digital Industry Singapore (DISG) have on Wednesday announced a collaboration with NVIDIA to establish the Ignition AI Accelerator, a new global AI startup accelerator based in Singapore.

The Innovate UK Global Incubator Program, a collaborative initiative between Singapore Deep Tech Alliance (SDTA), Better Earth Ventures (BEV), and Innovate UK, has returned to Singapore to boost clean tech ventures.

Aspire, a finance platform headquartered in Singapore, has on Wednesday announced that the company has successfully obtained a money service operator (MSO) license issued by the Hong Kong Customs and Excise Department.