SEA Technology Newsletter - 28 Sep 2024

News Pick of the Day

Lytehouse Partners with Google Cloud to Enhance Workplace Safety AI-based video intelligence platform Lytehouse has teamed up with Google Cloud to boost workplace safety. This collaboration aims to use AI to detect potential hazards and reduce workplace incidents, enhancing safety in various industries. Source: e27

Conviction and Grit: Insights from Startup Founders In a challenging startup environment, conviction and grit are essential for founders. This article shares insights from experienced entrepreneurs on staying focused and resilient in the face of obstacles, helping founders maintain their course during tough times. Source: Tech in Asia

Lessons from Climate Tech: Fulfilling the Promise Addressing climate change requires more than just innovative tech. Lessons from the field emphasize the need for practical applications that deliver results, fostering investor interest and scalable climate solutions. Source: e27

Singapore Surpasses US in AI Investment Global data reveals that Singapore is outpacing the US in AI investments, signaling its growing dominance in the AI space. With significant backing from local and international investors, Singapore is emerging as a leader in AI innovation. Source: Tech in Asia

Napkin’s New Note-Taking App Focuses on Creativity Over Productivity Napkin, a note-taking app, shifts away from traditional productivity models and emphasizes creative thinking. It offers an innovative platform for users to grow ideas organically without the pressure of maximizing output. Source: TechCrunch

Propelling Singapore’s Businesses Toward a Sustainable Future Singapore is encouraging businesses to develop emissions reduction plans as part of a broader sustainability initiative. This article outlines strategies for inspiring companies to adopt greener practices and achieve sustainable growth. Source: e27

Runway Allocates $5M for AI-Generated Films Runway has announced $5 million in funding to support AI-generated films. The initiative aims to produce up to 100 AI-driven films, providing creators with new tools and methods to explore storytelling through AI technology. Source: TechCrunch

How Fintech Differs in Asia: A Regional Analysis This article explores the distinct characteristics of the fintech landscape in Asia. It highlights differences in regulatory frameworks, consumer behavior, and technological adoption across the region. Source: e27

Wordy: Learn Vocabulary While Watching Movies and TV Shows Wordy is a new app that helps users learn vocabulary while watching their favorite films and shows. It seamlessly integrates language learning with entertainment, offering a fresh take on language education. Source: TechCrunch

The Rise of M&A in Vietnam’s Tech Sector Vietnam’s tech sector is experiencing a surge in M&A activity. This article analyzes key trends and strategies, providing insights into how tech companies are navigating the rapidly evolving M&A landscape in the country. Source: e27

Funding News

Asia

Qarbotech Raises $1.5M to Boost Crop Yields Singapore-based agri-tech startup Qarbotech has secured $1.5 million to enhance its AI-driven platform, which helps farmers increase crop yields by up to 60%. Source: e27

Two Point O Capital Secures Seed Funding for Climate Financing Two Point O Capital has raised seed funding, led by Omnivore, to drive its climate financing initiatives. The funds will be used to support sustainable growth and climate-positive ventures. Source: YourStory

Bazzar Gate Secures $1 Million for E-commerce Expansion Kuwait-based IT company Bazzar Gate has raised $1 million to expand its e-commerce platform, with a focus on redefining entrepreneurship in the digital space. Source: Cairo Scene

Mediwhale Raises $12M in Series A2 South Korean health-tech startup Mediwhale has secured $12 million in Series A2 funding to advance its AI-driven platform for cardiovascular and metabolic disease management. Source: Bastille Post

Superb AI Raises $10.2M in Series C Funding South Korea’s Superb AI has raised $10.2 million in a Series C funding round to expand its data-labeling platform, aimed at accelerating AI model development. Source: The Pickool

North America

Highfive Raises $250K in Seed Funding Collaboration platform Highfive has raised $250,000 in seed funding to further develop its video conferencing solutions for remote teams. Source: Finsmes

Zenlytic Secures $9M in Series A Funding Zenlytic, a US-based AI data analytics startup, has secured $9 million in Series A funding led by M13 to scale its AI-powered analytics platform. Source: VCAOnline

Prepared Raises $27M in Series B Prepared, a software provider for emergency response, has secured $27 million in Series B funding from Andreessen Horowitz, First Round Capital, M13, and NewView Capital. Source: VCAOnline

Mendaera Closes $73M Series B Medical robotics startup Mendaera has raised $73 million in a Series B round to accelerate the commercialization of its robotic systems for medical applications. Source: Yahoo Finance

AmpUp Closes $15M Series A for EV Charging Platform AmpUp, an electric vehicle (EV) charging platform, has secured $15 million in Series A funding to expand its network of EV chargers and support the growing demand for EV infrastructure. Source: PR Newswire

Bot Auto Secures $20M in Pre-A Funding for Autonomous Trucking Autonomous trucking startup Bot Auto has secured $20 million in pre-A funding to advance the commercial deployment of its self-driving truck technology. Source: Business Wire

Tetrix Raises $5M in Seed Funding Tetrix, a tech company specializing in blockchain solutions, has raised $5 million in seed funding to support its platform's expansion and further development. Source: Finsmes

Europe

DeepOpinion Secures €11M for AI Automation Austrian AI firm DeepOpinion has secured €11 million to accelerate AI-powered automation for enterprise processes, focusing on disaster claims management and other complex.