Singapore

Sovereign AI cloud platform RE:AI of Singapore-headquartered Singtel Digital InfraCo has partnered with California-based Cohesity to develop a service that enables enterprises to convert backup archives into searchable data sources for artificial intelligence applications.

Mozark, a Singapore-headquartered digital experience testing and measurement company, has raised $40 million in a Series B funding round led by International Finance Corporation (IFC) and RMB Capitalworks, with continued participation from existing investor Kalaari Capital.

Singapore-based Equator Renewables Asia (ERA), founded by entrepreneur Frank Phuan, has raised S$50 million to develop large-scale solar, green hydrogen and sustainable industrial zone projects across Indonesia.

Singtel and conversational AI company Sierra will jointly enhance Singtel’s customer engagement capabilities using artificial intelligence, the company said in a press release on Wednesday.

CARSOME Group Inc. reported FY2025 EBITDA of $23 million, more than doubling year-on-year, reflecting continued margin expansion and cost discipline across its core markets.

Asia-focused venture capital firm Gobi Partners has invested in Cortical Labs, a biotechnology company developing computing systems that combine living human neurons with silicon hardware.

Singapore will set up a new National AI Council, chaired by Prime Minister Lawrence Wong, to provide strategic direction and drive Singapore's AI agenda.

According to the report, under the proposal still being discussed at senior levels, Temasek could divide its business into three arms.

Singapore has on last Thursday unveiled key insights from its Global AI Assurance Pilot, an initiative to catalyze emerging norms and best practices around technical testing of generative artificial intelligence (GenAI) applications.

Elev8.vc’s new fund is expected to back 20 to 30 high-potential deep tech startups, providing them with both capital and strategic resources to accelerate their growth.