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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.
Indonesia suspends TikTok registration over data sharing failures, ministry says – report
Indonesia said it has suspended TikTok's registration status as an electronic system provider after it failed to hand over all data relating to the use of its live stream feature, though the social media app was still accessible to users on Friday.
The hard truths of putting Generative AI to work
The future of enterprise AI belongs not merely to the users, but to the builders — those who understand that the last mile of innovation is always the hardest, and that true competitive advantage is earned in the painstaking work of closing the gap between a powerful technology’s promise and the complex reality of the problems worth solving.
Solarvest, Press Metal team up to deliver $90.14M solar farm in Sarawak
Malaysia's clean energy firm Solarvest Holdings Berhad has teamed up with aluminum producer Press Metal Berhad to deliver Sarawak's 100-megawatt solar farm with an estimated investment cost of MYR 380 million ($90.14 million).
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.
Sriwijaya Capital, BlueFive Capital form strategic alliance to boost capital flow between Gulf and SEA
Sriwijaya Capital, an Indonesia-based private equity firm, has signed a memorandum of understanding (MoU) with Abu Dhabi-based BlueFive Capital, to form a strategic alliance aimed at strengthening capital flow between the Gulf and Southeast Asia.
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.
Malaysia’s Edelteq secures strategic investment from KMP, forms semiconductor inspection venture
Malaysia's technology firm Edelteq has secured strategic investment from Kumpulan Modal Perdana Sdn. Bhd (KMP), a tech-focused venture capital firm wholly owned by the Malaysian government.
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.
