Web and Technology News
Atommerce, a Korean startup that helps users connect with mental health professionals via a mobile app MiNDCAFE, plans to scale its service for growth with a $16.7 million Series B, which was three times oversubscribed within two months. With the recent funding, Atommerce plans to enhance artificial intelligence and machine learning technology for its platform […]
China’s autonomous vehicle industry saw a period of unprecedented acceleration in 2021, with over $8.5 billion invested in robotaxi startups, self-driving truck developers and equipment makers.
China’s autonomous vehicle industry saw a period of unprecedented acceleration in 2021, with over $8.5 billion invested in robotaxi startups, self-driving truck developers and equipment makers.
Tiger Global-backed ShareChat and Times Internet-owned on-demand video streaming service MX Player have agreed to “strategically merge” their short video apps Moj and MX TakaTak, the two firms said Thursday, in a move they said would create India’s largest short-video platform. The deal is structured this way: MX Media, the parent firm of MX Player […]
The recent death of an online content auditor in China has brought attention to the toil of the occupation that has emerged in the internet age. A 25-year-old man who monitored content at Chinese video streaming site Bilibili suddenly passed away on February 5 during Chinese New Year, allegedly after working from 9 am to […]
Tiger Global is in talks to lead a new financing round in GoMechanic, an India startup that operates a network of technology-enabled automobile service centres, two sources familiar with the matter said. The proposed talks for the Gurugram-headquartered Series D funding values the startup at $1.2 billion, up from $325 million in Series C that it […]
Financial apps are proliferating across Southeast Asia, making things like bookkeeping or securing an online loan easier. But this means fintechs need access to large amounts of data that they can use to verify customer identity, creditworthiness or aggregate information from online accounts. Brick wants to simplify the process with a suite of APIs that […]
Financial apps are proliferating across Southeast Asia, making things like bookkeeping or securing an online loan easier. But this means fintechs need access to large amounts of data that they can use to verify customer identity, creditworthiness or aggregate information from online accounts. Brick wants to simplify the process with a suite of APIs that […]
Meal deliveries in Vietnamese cities typically take less than half an hour, but grocery deliveries are lagging behind, sometimes taking up to two to three hours, says Rino founder Trung Thanh Nguyen. By creating a vertically-integrated logistics infrastructure centered around “dark stores,” or stores set up for order fulfillment only, Nguyen says Rino can cut […]
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James Murdoch and Uday Shankar have launched a new venture called Bodhi Tree with a $1.5 billion backing from Qatar Investment Authority as the duo looks to double down on their investment in Southeast Asia and India, the two said on Thursday. The duo most recently worked at investment firm Lupa Systems after Murdoch’s departure […]
TikTok may be the most successful app that has emerged from China and is making impressive international inroads, but there is a host of smaller entertainment apps built in China that are also replicating their models overseas. Tiya is one of them. Born out of Chinese podcasting platform Lizhi, it offers an audio-based, real-time networking […]
Xpressbees, an Indian logistics startup that works with several e-commerce firms in the country, has more than tripled its valuation to $1.2 billion in a new financing round. The Pune-headquartered startup said on Wednesday it has raised $300 million — $100 million in primary and $200 million in secondary (to give partial exit to Alibaba […]
Most companies today recognize the importance of global warming. As such, they are redefining their goals in an effort to address the climate change issue. Envisioning Partners, a Seoul-based venture capital firm, has secured its latest impact fund, the oversubscribed $64 million (76.8 billion KRW) Envisioning Climate Solutions (ECS) Fund, to back startups combating the […]
For years, open-source software in China was only attracting developers and was poorly understood by returns-seeking investors. But they are finally having a moment like their Western counterparts. The latest open source project to get funded in China is Taichi Graphics, a 10-month old startup that aims to make 3D content creation easier. It operates […]
Retail investment apps in Southeast Asia attracted a lot of funding last year, and the trend looks set to continue with Vietnam-focused Infina announcing that it has added $4 million to its seed funding. Along with the $2 million it announced in June, this brings the round’s total to $6 million. Investors include Sequoia Capital […]
Retail investment apps in Southeast Asia attracted a lot of funding last year, and the trend looks set to continue with Vietnam-focused Infina announcing that it has added $4 million to its seed funding. Along with the $2 million it announced in June, this brings the round’s total to $6 million. Investors include Sequoia Capital […]
Morai, which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany, Japan and Singapore. The fresh capital was […]
Ethereum scaling firm Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion, aggressively expands its portfolio of Ethereum scaling solutions and works to attract the larger developer ecosystem. Sequoia Capital India led Polygon’s first major financing round. Tiger Global and SoftBank as […]
Ethereum scaling firm Polygon has raised $450 million in a new venture financing round as the firm, with a market cap of about $13 billion, aggressively expands its portfolio of Ethereum scaling solutions and works to attract the larger developer ecosystem. Sequoia Capital India led Polygon’s first major financing round. Tiger Global and SoftBank as […]
SoftBank Vision Fund 2 has led a $300 million investment in ElasticRun as the Japanese conglomerate doubles down on its commerce bet in the world’s second largest internet market. Goldman Sachs and existing investor Prosus Ventures also participated in the Pune-headquartered startup’s Series E round, according to regulatory filings ElasticRun made on Monday. The new […]
SoftBank Vision Fund 2 has led a $300 million investment in ElasticRun as the Japanese conglomerate doubles down on its commerce bet in the world’s second largest internet market. Goldman Sachs and existing investor Prosus Ventures also participated in the Pune-headquartered startup’s Series E round, according to regulatory filings ElasticRun made on Monday. The new […]
California-based electric vertical takeoff and landing startup Joby Aviation plans to offer an air taxi service in South Korea in partnership with SK Telecom (SKT), one of the country’s largest telecommunication companies. The two partners signed a strategic collaboration agreement on Sunday at Joby’s manufacturing facility in Marina, California. To provide better integration between land […]
Swing, a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others. With the fresh capital, […]
Swing, a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others. With the fresh capital, […]