The American corporation IBM has pledged its support to Rapidus Corp., a chipmaking startup in Japan, recognizing its significance in securing the long-term global supply of chips. As part of the recently formed Japanese consortium Rapidus, IBM will serve as the technology provider, enabling the production of 2-nm chips within Japan by 2027. IBM’s Japanese ... Read more ›
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Singapore-based startup UnaBiz is aiming to secure $100 million in a Series C funding round this year. The company seeks to meet the rising demand from retailers and manufacturers for cost-effective tracking solutions during the delivery of goods. UnaBiz intends to allocate the raised funds towards customer acquisition efforts and expanding its business operations in ... Read more ›
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Seoul, known for its vibrant atmosphere and active clinical trial landscape, has long been a hub for cutting-edge medical research. However, despite the immense volume of valuable data generated from these trials, searching and collecting relevant information has proven to be an uphill battle due to limited digitization efforts. Enter MEDIAIPLUS, a company determined to ... Read more ›
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Hong Kong-based virtual insurance firm OneDegree has successfully concluded a fresh funding round, raising $27 million. The funds will be used to support the company’s expansion across Asia and invest in artificial intelligence. Global financial institutions, along with existing backers such as Gobi Partners, BitRock Capital, and Sun Hung Kai & Co., have contributed to ... Read more ›
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With the release of the conversational AI ChatGPT developed by OpenAI in November 2022, our lives our lives are directly affected by AI technology more than ever. According to the research report titled “Domestic AI Analysis Market Forecast, 2023-2027,” published on April 26 by International Data Corporation Korea Ltd. (hereafter Korea IDC, CEO Han Eun-seon), ... Read more ›
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Startale LabsSony Network Communications, a subsidiary of the renowned Japanese tech and entertainment giant, has invested $3.5 million in Startale Labs, a promising web3 startup. This investment, facilitated through a private placement of new shares, is expected to be utilized to develop crucial infrastructure for the global adoption of web3. As part of this collaboration, Jun ... Read more ›
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SunrateSingapore-based digital payment platform Sunrate announced today that it has successfully raised undisclosed funding in its Series D-1 round. The funding was led by Prosperity7 Ventures, a growth fund associated with Aramco Ventures, and included additional investment from SoftBank Ventures Asia. Sunrate offers a smart global payment and treasury management platform, enabling businesses to streamline ... Read more ›
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BaskitIndonesian supply-chain startup Baskit has successfully raised $3.3 million in a seed funding round, as announced on Tuesday. The round was led by venture capital firm Betatron Venture Group, with participation from Forge Ventures and Indonesian tobacco magnate Michael Sampoerna. This funding comes shortly after Baskit‘s pre-seed funding round of $1.5 million in March, which ... Read more ›
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Japanese electric vehicle (EV) startup Terra Motors has successfully raised 4 billion yen ($28 million) in a recent Series C funding round. The funding was secured through the issuance of new shares to investors, including Osaka Gas, Century Tokyo, Sumitomo Mitsui Auto Service, and Pegasus Tech Ventures. Founded in 2010, Terra Motors is renowned for ... Read more ›
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Japanese financial giant Mitsubishi UFJ Financial Group (MUFG) has announced its plans to acquire Mandala Multifinance, an Indonesian auto loan provider, for 7 trillion rupiahs ($467 million). As part of the deal, MUFG’s subsidiary, MUFG Bank, will hold a 70.6% stake in Mandala Multifinance, while Adira Dinamika Multi Finance, a subsidiary of Bank Danamon, will ... Read more ›
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Singapore-based biofuel startup Apeiron Bioenergy has successfully raised S$50 million (US$37 million) through the issuance of a five-year senior unsecured green bond. This funding marks the first-ever bioenergy-focused SGD bond offering in Asia and has attracted substantial interest from institutional and strategic investors, leading to oversubscription. The recent funding round of Apeiron Bioenergy was led ... Read more ›
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Chowis Co. Ltd. has come a long way and carved another milestone in its history working with LVMH Parfums Christian Dior in a large-scale, global Skin Analysis System Project to over 20 countries in 2023. The project came into fruition after more than a year of serious preparation including planning, development and pilot testing to ... Read more ›
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Utu, a Singapore-based travel tech company, has successfully raised $33 million in a Series B funding round, led by SC Ventures. The funding will support Utu’s growth and expansion plans, which include the recent acquisition of CardsPal, a Singapore-based fintech firm specializing in localized deals and promotions. Despite the travel slowdown caused by the pandemic, ... Read more ›
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Green RebelGreen Rebel, an Indonesian food technology startup, has recently partnered with renowned quick-service restaurants (QSRs) including Starbucks Malaysia and Nando’s Singapore as part of its strategic growth plan. The company plans to expand its presence in the Asia Pacific region. These partnerships come ahead of Green Rebel’s series A financing exercise, scheduled towards the end ... Read more ›
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The Indonesia-based fleet-tracking startup, TransTRACK, has successfully raised US$2.1 million in a pre-Series A funding round. The funding round was led by Ortus Star, with participation from existing investors Cocoon Capital and YCAB Ventures and new investors, including Goldbell Investment, NP Consulting, Damson Capital, and several angel investors. TransTRACK is a technology enabler startup that ... Read more ›
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Thailand’s Stock Exchange (SET) has announced plans to strengthen its listing regulations in response to a series of unsettling events, including a significant accounting scandal, debt defaults, and unexplained fluctuations in share prices. These developments have shaken investors, leading to a decline in the SET Index, which is set to record its lowest closing level ... Read more ›
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Singapore-based construction planning startup Frontline Industrial Software has raised $700,000 in seed funding. Cocoon Capital, an investment firm from the same country, led the round. With the newly secured seed funding, the company aims to change the field of construction planning by leveraging its unique software. This proprietary technology has the potential to streamline and ... Read more ›
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The biotech industry has grown rapidly and is attracting attention worldwide. Biotechnology has been applied to various industries such as agriculture, environment, and health, and has quickly become a part of our daily lives. The Korean government and related ministries are making various policies to support the growth of the biotech industry in the country. ... Read more ›
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As Hyundai Motor Group’s global software center and self-driving platform 42dot announced plans to relocate its office building to the 2nd Pangyo Techno Valley, Pangyo Techno Valley’s self-driving car industry-related infrastructure has started gaining attention. Pangyo Techno Valley is home to self-driving startups, conglomerates, and related public institutions. According to the results of the 2022 ... Read more ›
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FluxTokyo-based startup FLUX has secured $32 million in a Series B funding round led by DNX Ventures, a venture capital firm. The funding also included participation from existing investors Archetype Ventures and new investors such as Japan Co-Investment, Aozora Corporate Investments, Salesforce Ventures, Sony Innovation Fund, SMBC Nikko Securities, and NTT Docomo Ventures. This latest ... Read more ›
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Most popular sources
Business Insider
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20% 12 |
The Verge
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10% 4 |
Tech Wire Asia
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8% 2 |
Gizmodo
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8% 2 |
Android Authority
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8% 5 |
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27.11.2024 09:38
Last update: 09:31 EDT.
News rating updated: 16:32.
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