Singapore

Singapore-headquartered insurtech firm Igloo has appointed Ramjit Lahiri as its Philippines Country Head, as the country’s insurance premiums reached PHP502.6 billion ($8.37 billion) in 2025 amid ongoing gaps in coverage and penetration.

As many as 64 percent of Singapore businesses are now consistently using artificial intelligence (AI) in daily workflows, but only 18 percent have progressed to deploying fully autonomous systems capable of making decisions and executing tasks independently, according to new research from HubSpot.

OrtCloud, a Singapore-based cloud infrastructure company, has raised $1.7 million in a pre-seed funding round led by Southeast Asia-focused early-stage venture capital firm Golden Gate Ventures, with participation from early-stage investor Antler.

India-based Nava, a cloud infrastructure company focused on GPU compute and AI data centers across the Asia-Pacific region, has raised $22 million in a Series A funding round.

Xora Innovation, an early-stage AI and deep tech venture firm backed by Singaporean state-owned investment firm Temasek, has appointed Eric Rosenblum as General Partner.

ESR, an Asia-Pacific-focused real asset owner and manager, has secured $850 million in additional equity capital from existing shareholders, strengthening its balance sheet and supporting its expansion strategy.

Velox Networks, a Singapore-based cloud telephony provider, has announced its expansion into the Philippines, marking its third Southeast Asian market after Singapore and Malaysia.

Malaysia-based Carsome Group Inc, Southeast Asia’s largest integrated car e-commerce platform, Singapore's CarTimes Group, and Japan's JACCS have reached a strategic auto financing partnership in Singapore.

Catalytic Capital for Climate and Health (C3H), a catalytic investment vehicle of Temasek Trust, has led a US$1.2 million funding round in Singapore-based AI healthtech startup injewelme, C3H said in a press release on Wednesday.

OnSite, a Singapore-based startup developing an AI-powered communication platform for the construction and facilities management industry, has raised S$1.7 million ($1.3 million) in a seed funding round.