Saturday, 21 December 2024
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Tag: Funding

China’s chip industry faces funding slump in 2024 amidst US tech rivalry

China's chip industry will see an over 30% funding drop in 2024 as US restrictions and domestic challenges reshape the semiconductor sector.

Atome Financial secures US$200 million syndicated facility to boost financial inclusion in Southeast Asia

Atome Financial secures a US$200M syndicated facility led by HSBC to expand its innovative financial services and promote inclusion in Southeast Asia.

Cybersecurity unicorn Semperis strengthens identity-driven resilience in Singapore after major funding success

Semperis enhances cybersecurity in Singapore with US$125M funding, partnerships, and training to combat growing cyber threats and ransomware attacks.

US confirms US$6.6 billion CHIPS Act funding for TSMC

TSMC secures US$6.6 billion in CHIPS Act grants to expand in Arizona, marking a milestone in US semiconductor development and job creation.

New investment drives expansion and super app development for underserved communities

Capital C Corporation secures 7-figure pre-seed funding to expand fintech solutions across Southeast Asia, supporting underserved communities.

OPPO and PolyU strengthen AI imaging research with new joint innovation centre

OPPO and PolyU strengthen collaboration, launching an innovation centre to drive advancements in AI imaging tech with a RMB 30 million investment.

China’s AI market braces for consolidation amid high competition and US-China tech split

China’s crowded AI market faces consolidation as companies shift to revenue-driven models amid US tech restrictions, aiming to thrive locally.

Coolmate secures US$6 million Series B funding to expand beyond Vietnam

Coolmate secures US$6M Series B funding led by Vertex Ventures to expand beyond Vietnam, enhance its product range, and strengthen Southeast Asia presence.

AI start-up Sierra reaches US$4.5 billion valuation in major funding boost

AI start-up Sierra, led by Bret Taylor, raises US$175 million, valuing it at US$4.5 billion and highlighting the demand for AI-driven enterprise solutions.

Armis secures US$200M funding at US$4.2B valuation, with IPO in sight

Armis secures US$200M in Series D funding, boosting valuation to US$4.2B, supporting growth, innovation, and a future IPO in cybersecurity.

Supermom secures S$18 million Series B funding for AI-driven expansion

Supermom secures S$18 million funding led by Granite Asia to boost AI capabilities and expand across Southeast Asia, with support from major investors.

UK clean tech company measurable.energy secures £4m to drive global expansion

UK clean tech firm measurable.energy secures £4m investment to expand globally, offering AI-powered plug sockets that cut electricity costs and emissions by up to 50%.