Startup

Startups, Entrepreneurs, Digital economy

CEO of leading AI startup SenseTime says valuation has passed US$7.5 billion

(Sept 6): SenseTime Group’s valuation surpassed US$7.5 billion this year after securing investment from backers like SoftBank Group, yet the world’s largest AI startup said it’s in no hurry to go public.

Startups, Entrepreneurs, Digital economy

Skincare app company leverages on treasure trove of data

SINGAPORE (Sept 9): Everyone wants to look good, but it is hard to find the right product for each individual’s skin type. Oftentimes, people end up with tubes and containers of products they have bought and tried but found unsuitable. This is especiall

Fintech

Fintech startup soCash raises US$6 mil in series B funding round

SINGAPORE (July 22): soCash, the Singapore-headquartered fintech startup, announced that it has raised US$6 million ($8.2 million) in its series B funding round.

Company in the news

Go-Jek snags investment from Thailand's largest lender

(July 11): Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people familiar with the matter.

Startups, Entrepreneurs, Digital economy

This startup uses AI to detect falls among elderly who are home alone

SINGAPORE (June 28): Local entrepreneur Lim Meng Hui was working on an artificial intelligence (AI)-enabled security system to detect intruders when his grandmother fell and lay helpless. When her health deteriorated rapidly after that, he decided that de

US-China trade war

Secretive Magic Leap says ex-engineer copied headset for China

(June 18): Magic Leap Inc, a US startup that makes a headset to project digital objects onto the real world, accused one of its former engineers of stealing its technology to create his own augmented reality device for China.

Equity raising

YouTrip raises record US$25.5 mil pre-series A to expand its platform across Asean

SINGAPORE (May 16): YouTrip, Singapore’s first multi-currency mobile wallet with a prepaid Mastercard which was jointly developed by EZ-Link, has raised US$25.5 million ($34.9 million) in its latest pre-Series A fundraise.

In print this week

This startup plans to permanently integrate its offerings with Grab

SINGAPORE (May 10): If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for ins

M&A

Avarga to acquire 23.08% stake in urban farming startup Archisen for up to $1.5 mil

SINGAPORE (June 29): Avarga, formerly known as UPP Holdings, is acquiring a 23.08% stake in Archisen for a cash consideration of up to $1.5 million in three separate traches.

Startups, Entrepreneurs, Digital economy

AI healthcare startup UCARE.AI secures $8.2 mil funding

SINGAPORE (May 16): UCARE.AI, a Singapore-based artificial intelligence (AI) healthcare startup, has recently concluded its Series A funding, bringing total investment to $8.2 million to date.
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