As US turns tepid, Asia’s climate tech sector seeks new funders
Family offices, sovereign wealth funds, and investment arms of corporations outside the US could fill the gap.
Tech in Asia
AI drug startup Insilico nets $110m series E
Insilico is also advancing its proprietary AI system, "pharma.ai," integrating biology, chemistry, and clinical medicine.
Alibaba launches AI model for emotion, visual analysis
Alibaba's R1-Omni is available for free download on Hugging Face.
French publishers, authors sue Meta over AI copyright
They accuse the company of using copyrighted material without permission to train its AI systems.
Delta Air Lines software provider firm raises $82m series B
Ditto’s valuation more than doubled since its series A in 2023, and its annual recurring revenue grew by 250%.
Indian energy storage startup bags $5m series A
The investment was led by Avaana Capital, with participation from UC Impower and existing angel investors.
Spotify paid nearly 1,500 artists over $1m each in 2024: report
To achieve the US$1 million mark, artists typically need around four to five million monthly listeners.
How video analytics can transform industries
Hendricks Corp co-founder Nicolette Hendricks shares how video analytics can help businesses unlock actionable insights.
Indonesian agritech firm Elevarm nets $4.25m pre-series A
The funding round was led by Intudo, with participation from Insignia Ventures Partners and 500 Global.
UAE-based wellness firm Longevity raises $4m for expansion
Longevity Wellness Hub provides services including hyperbaric oxygen therapy, red light therapy, and quantum diagnostics.
DeepSeek denies rumors about R2 model launch
The model is expected to improve code generation and support multilingual reasoning beyond English.
Ola Electric cuts costs by $10.3m per month
Ola Electric's cost-cutting program was launched in November 2024.
Cybersecurity firm Pentera secures $60m series D
Founded in 2015, Pentera focuses on automated penetration testing and cyber defense validation.
Indian chemical manufacturing startup raises $40m series B
The company plans to use these funds to expand operations beyond its current 16 markets.
UAE’s MGX expands in US with key AI hires
Andy Pickens has been appointed managing director and AI product lead in MGX's New York office.
Solar financing platform Okapi secures $2m in debt funding
The company plans to use the new funding to support growth efforts in Malaysia and the broader Southeast Asia region.
Saudi-backed Scopely acquires Pokémon Go maker for $3.5b
In 2023, Scopely was purchased by Savvy Games Group, a subsidiary of Saudi Arabia's PIF, for US$4.9 billion.
EWA startups at a crossroads as scaling gets brutal
More M&A deals like Kredivo-GajiGesa may be coming, but EWA startups will need new strategies to stay afloat.
Israeli mental healthtech startups raise $123m
Around 85% of mental health startups in Israel are still in early development stages.
Lotus Cars appoints new China president
Qin Peiji has over 15 years of experience in the Geely ecosystem, including roles at Volvo.
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