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.
U.S.-Indian aerospace technology startup receives additional $24 million in Series B financing
The additional funding brings the total Series B funding to $60 million.
Israeli food technology startup Gavan receives US$8 million in Series A financing
The funding will be used to establish pilot production facilities in Europe.
Hong Kong logistics technology company raises additional US$3.5 million
The funding, led by MindWorks Capital, will help Jumppoint expand its artificial intelligence-powered logistics platform and regional network.
Dubai-based real estate technology startup Stake enters Saudi Arabia market
Stake’s first investment in Saudi Arabia involves a commercial real estate fund in North Riyadh.
China's Contemporary Amperex Technology (CATL) and Stellantis confirm investment of US$4.3 billion to build electric vehicle battery factory in Spain
Chinese battery maker CATL and European carmaker Stellantis have formed a joint venture to build an electric vehicle battery factory in northern Spain. The two companies said on Tuesday they would invest
The story of three start-ups under the Hong Kong Science and Technology Parks Corporation Elite Program
Ksher Group, Buy&Ship and b-One Ortho create innovative solutions with global impact.
OpenAI partners with Anduril to develop anti-drone defense technology
CEO Sam Altman said the partnership supports the use of artificial intelligence consistent with democratic values.
Israeli startup FireDome raises $4.5 million for wildfire technology
The company's systems use sophisticated hardware, computer vision and algorithms to detect and control fires.
U.S. increases chip restrictions to counter Chinese military technology
The measures include controls on 24 semiconductor manufacturing tools and specific software used in wafer production.
Israeli medical technology startup Droxi receives US$21 million in Series A financing
The platform was founded in 2022 to simplify doctors' access to medical data.
Indonesian construction technology startup Gravel shuts down
The company's website is no longer accessible and its app has stopped accepting new users.
AWS will pilot carbon removal with artificial intelligence technology startups in 2025
The move is part of a partnership with Orbital Materials, a startup using artificial intelligence for materials development.
Hong Kong financial technology KPay received US$55 million in Series A financing
KPay currently serves 45,000 merchants in Hong Kong, Singapore and Japan.