Southeast Asia's Tech Scene Sees Diverse Investment Surge
Southeast Asia's tech scene is witnessing a surge in investments, with global investors showing keen interest in various sectors beyond AI. While AI enthusiasm persists, investors are currently focusing on sectors with broader market applications and immediate infrastructure support.
Sirius Technologies, a Singapore-based enterprise architecture tech startup, has secured USD 18 million in a Series A round led by Integra Partners and Cento Ventures. Meanwhile, Aspiring, a semiconductor company, has raised nearly RMB 100 million (USD 13.7 million) in a Series A round. Datasea, a Nasdaq-listed digital technology company, has also secured USD 4 million through a securities purchase agreement.
Investors are diversifying their portfolios. Jungle Ventures, a Singapore-based VC firm, has merged with HealthXCapital to explore new investment avenues. Knowhy, an industrial tool management company, has raised around RMB 100 million (USD 13.7 million) in a Series A+ round. Venture capitalists are hedging their bets on technology companies in industries like mobility, transportation, healthcare, and e-commerce.
In the realm of Web3 and metaverse, ZTX, a Singapore-based platform, has secured USD 13 million in seed funding led by Jump Crypto. Beep, a Singapore-based IoT startup, has completed a seed round led by GGV Capital to launch Southeast Asia's largest EV roaming network. InCore Materials, an electronic paste manufacturing company, has also secured fresh capital in a pre-Series A round led by Leaguer Capital.
Despite the global enthusiasm for AI, investors in Southeast Asia are currently focusing on sectors with immediate market applications and infrastructure support. This trend is evident in the recent funding rounds of tech companies in various sectors, indicating a diversified investment landscape in the region.
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