The Q2 2024 quarterly snapshot of startup, VC and tech news from Indonesia, covering April, May and June of 2024.
In June 2024 | In May 2024 | In April 2024
Deloitte: Generative Artificial Intelligence in Asia-Pacific
June 2024: indonesia’s tech news
- Telkom Indonesia’s int’l arm, Telin, inks MoU with Singtel for new subsea system connecting Singapore and Indonesia, operating under newly-formed consortium / full item
- Indonesia’s national data center hit by ransomware, disrupting a number of public services; hackers demanded $8M ransom, which gov’t has refused to pay / full item
- Indonesia and the US recently completed a port-focused cybersecurity exercise in move to better prepare for attacks on maritime critical infrastructure / full item
‘Indonesia’s $5 billion deal with Tesla is only part of its all-in strategy on nickel mining’ / full item
- Indonesia: eFishery aquaculture firm gains $30M loan from HSBC Indonesia to lift uptake of automated feeding product for small-hold farmers, speeding crop cycle by up to 74 days / full item
- Indonesia: Telkomsel Ventures and AppWorks unveil 7 startups selected for 9th cohort of Tinc accelerator, working in pediatric health, fintech, messaging tech and more / full item
- Deindustrialization risk & technology: “In Indonesia, the contribution of the manufacturing sector to GDP decreased from 29.3% in 2000 to 18.25% in 2022.” / full item
- Indonesia: Gov’t launches Indonesia Business Startup Matchmaking, IndoBisa, program to develop startups in tourism and creative economy sectors / full item
- Startup Ecosystem Pulse Report, SEA and India edition, is available now, drawing on survey of 600 across Singapore, India, Indonesia and The Philippines / full item
Chainalysis: 2024 Crypto Crime Report
Indonesian tech in May 2024
- Indonesia: Elon Musk and Health Minister launched SpaceX satellite internet service, aiming to improve access to health services in remote areas / read it here
- Indonesia: Microsoft to invest $1.7 billion over 4 years in cloud and AI infrastructure in Indonesia, and also delivering AI-focused skills training for 840K citizens / read it here
- “Indonesia’s rapidly growing digital economy grew by 52 per cent in 2021 with a total of 53 billion US dollars and is projected to exceed 124 billion by the end of 2025.” / read it here
- South Korea’s KB Kookmin Card credit card issuer partnered by Int’l Finance Corp to boost financial access for Indonesia’s small businesses, and to lift digital inclusion in Thailand / read it here
Podcast: Why should we care about the Indo-Pacific?
April 2024 tech news: Indonesia
- Indonesia: Qoala insurtech startup closes $47M Series C round led by PayPal Ventures with personalized insurance for Indonesia’s young and largely uninsured marketplace / read it here
- Indonesia: NVIDIA and Indosat Ooredoo Hutchison telco to partner for $200M AI centre-of-excellence / read it here
- Indonesia: “We put our money in the bank for security. But if hackers can get in so easily and find all our data, BRI must have a big problem with their security.” / read it here
- “To transform from a heavy consumer to a global innovator, Indonesia needs to focus on developing five strategic sectors identified in the ‘Digital Indonesia Vision 2045’…” / read it here
- Indonesia: Jago raises $6M with hyperlocal mobile café delivery, backed by fully-electric mobile café carts, a tech stack to streamline operations and a cloud kitchen approach to supply depots / read it here
June 2024: Critical technologies, globally
Asia/Indo-Pac tech news
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