Middle Eastern food technology startup Calo raises US$25 million in Series B financing
Calo has nine-figure annual revenue and plans to go public in 2025.
ASML CEO: China’s chip manufacturing technology is 10-15 years behind the West
Chinese tech giants SMIC and Huawei have made significant progress in semiconductors in recent years, but U.S. sanctions mean they remain 10-15 years behind leading chipmakers such as Intel, TSMC and Samsung.
Trump appoints artificial intelligence and cryptocurrency experts to key technology positions through 2025
Michael Kratsios previously served as chief technology officer in the first Trump administration.
Indian wealth technology start-up Univest receives US$10 million in Series A financing
The funds will be used to develop mobile applications for retail investors.
Israeli video technology company reportedly considering sale or merger
Kaltura's expected transaction value is between $400 million and $500 million.
Nio launches Firefly EV with battery swap technology
The small electric car is priced at 148,000 yuan ($20,284) and will be delivered starting in April 2025.
UAE renovation technology platform receives US$7 million in Series A financing
Revibe has been around for nearly two years and claims to have sold more than 80,000 items.
SG and SV’s B2B financial technology platform received US$3.13 million in financing
Fairbanc has provided financing to more than 250,000 merchants in Indonesia, many of whom do not have bank accounts.
China's cybersecurity agency says U.S. hackers stole technology secrets
According to the South China Morning Post, a Chinese cybersecurity agency claimed that U.S. intelligence agencies conducted “cyberattacks” on two technology companies and stole their trade secrets. According to the South China
Israeli financial technology company Justt receives US$30 million in Series C financing
The company aims to become profitable by 2027 and reduce its headcount from 200 to about 100 people.
Artificial Intelligence-driven space technology company signs UAE contract worth $510 million
The agreement extends Space42’s secure communications services beyond 2026.
Oman invests in Musk's xAI as part of technology strategy
The Oman Investment Authority also invested in Musk’s aerospace company SpaceX.
Indian climate technology company raises $1 million in seed funding
The funding will be used to develop the company's climate risk management platform, Resilience360.
The report points out that the financing amount of Southeast Asia’s technology industry will drop by 59% in 2024.
Despite falling funding, innovation in the region remains strong.
Chinese artificial intelligence startup raises $41.2 million to improve video technology
The funding will be used to support research, expand resources, develop talent and improve product development and market coverage.
US defense technology company launches new artificial intelligence subsidiary
The subsidiary will promote the adoption of artificial intelligence in the U.S. defense sector and other industries requiring high-assurance systems.
Indian wealth technology artificial intelligence startup Mili raises US$2 million in seed funding
The funds will be used to expand customization capabilities, platform integrations and teams.
Israeli medical technology company raises $8.3 million in seed funding
The round was led by Awz Ventures and also received support from AstraZeneca, Pfizer and funding from the Israel Innovation Authority.
Back on the global stage with new camera technology
Huawei Mate X6 Xin Ben After making headlines with the world's first bi-folding phone (only sold in China), Huawei has launched a new foldable phone for global markets including Europe, Asia and
Indian fintech company Super.money appoints former Flipkart executive as technology officer
Kaushik Mukherjee has over 20 years of experience and has held roles at Flipkart, Ola, Udaan and Yahoo.
Nvidia names Vietnam as Indonesia’s technology investment competitor
The artificial intelligence giant's choice of Vietnam as a key investment may mark a sea change for big tech investment in Southeast Asia.
Indian education technology startup Kreedo secures US$1.2 million in debt financing
The funds will help expand the business and manage working capital.
ShareChat appoints former TikTok executive Nitin Jain as chief technology officer
Jain will guide the technical development of ShareChat and its short video platform Moj.
Israel’s first defense technology venture capital firm launched
Protego Ventures raised $70 million in two weeks and is now targeting $200 million.