All over the globe, there are tens of millions of conventional software developers, with 46 million registered on GitHub alone. However, fewer than 1,000 people globally are capable of developing new quantum applications, Singapore-based Horizon Quantum Computing observed. The startup, which aims to make quantum computing accessible to every developer, has just raised an undisclosed amount of funding in a…
Digital construction management startup Hubble and online language learning platform LingoAce have raised $3.6 million and $7 million in venture capital funding, respectively. Hubble secures $3.6m in Tin Men-led funding Hubble, a Singapore-headquartered AI and machine learning-driven digital construction management startup, has secured $3.6 million in its first external funding round. The financing was led by venture capital firm Tin…
It’s common to have a love-hate relationship with our favorite unhealthy snacks. After all, treats like ice cream, packaged baked goods, and sugary instant beverages are high in calories and wreak havoc on our overall health. Hoow Foods plans to change this. Launched in 2018, the company uses what it calls food reformulation technology to create healthier versions of certain…
Singapore’s partial lockdown to contain the spread of the coronavirus could cost the economy about S$10 billion ($7 billion) in lost output, Maybank Kim Eng Research Pte. estimates. That equates to about 2% of gross domestic product, according to Chua Hak Bin, a senior economist at Maybank in Singapore. Singapore has banned social gatherings and shut workplaces, except for essential…
Esports Players League (ESPL), an esports tournament network and platform, announced it has secured an undisclosed amount of seed investment from 500 Startups. Founded in 2019, Singapore-headquartered ESPL creates mobile ecosystems for amateur esports leagues globally. It uses a franchise model, which allows esports players to participate in global tournaments. Aside from mobile esports, it also features PC and console-based…
In multiple startup rounds in the region, Singapore-based FlixStock has raised $2.5 million in a round led by Wavemaker Partners while knowledge platform Arches has also bagged an investment to expand across Asia. In Vietnam, local venture builder STI Holdings has completed a strategic investment in household service startup JupViec. Wavemaker Partners leads $2.5m funding round in Singapore-based FlixStock Early-stage…
TOKYO—A financially strapped Japanese supplier of displays for Apple Inc. AAPL 0.25% ’s iPhone 11 said it has lined up financing of up to ¥90 billion ($828 million) from an investment fund with U.S. connections. Japan Display Inc. 6740 +0.00% said Thursday that it has agreed on the basic outline of an investment by a Singapore arm of Tokyo-based Ichigo…
Singapore’s Infocomm Media Development Authority (IMDA) has launched a $14.7m (S$20m) initiative to partner with film and media investment funds that set up in the city state to invest in film and TV content across Southeast Asia. Describing the S$20m as a “catalyst to attract other investors”, IMDA has launched an open call for partners that can “jointly support the…
South-east Asia’s (SEA) internet economy is now worth US$100 billion, and will triple to US$300 billion by 2025, an annual report on the region’s digital economy has found. Of this, US$12 billion was from Singapore – slightly over 10 per cent of the regional total. Jointly published by Google, Temasek, and Bain & Company, the report – released on Thursday…
Prime Minister Narendra Modi’s announcement on the 73rd Independence Day on providing water connections to every household in the country at an estimated capital expenditure of over ₹3 lakh crore is expected to create huge business opportunities for corporates, said analysts. They said the move would provide employment to millions of people and may kick-start the investment cycle. “These are…