The Q2 quarterly summary for Singapore’s tech, startup and VC news across April, May and June 2024.
In June 2024 | In May 2024 | In April 2024
JPMorgan Chase on Emerging Tech Trends (direct pdf link)
June 2024 tech news: Singapore
- DigiMarCon Southeast Asia 2024 conference and expo is set for September in Singapore, looking at all things digital media, marketing and advertising / full item
- Singapore’s Carro signs for Sg$75M multi-currency loan, tapping into the US$1 billion HSBC Asean Growth Fund to boost financing component of online used car marketplace / full item
- Monetary Authority of Singapore and National Bank of Cambodia launch Financial Transparency Corridor initiative in bid to boost cross-border SME trade volumes / full item
- Singapore’s AgriG8 gains backing to help Asia’s rice farmers reduce methane emissions, decarbonizing production by up to 55% / full item
- Singapore’s Infocomm Media Dev Authority and HK’s Office of Comm’s Authority ink MOU to collaborate on combatting cross-border scams / full item
- Singapore: Octayne Green Fuels secures $525K pre-seed to develop farm waste-to-energy platform, converting biomass into low-cost, scalable replacement for coal / full item
- Singapore-US AI Talent Bridge programme launched recently, looking to boost collaboration and develop talent for the future / full item
- Singapore: Nium raises new round of $50M with real-time cross-border payments, focusing on the business-to-business market / full item
- Singapore: NXP Semiconductors and TSMC subsidiary to build $7.8 billion chip wafer plant in the city-state, with production set for 2027 / full item
- Singapore to increase the amount of power allocated for data centers by as much as 35%, potentially partnering clean energy providers / full item
- Singapore and the US agree on collaboration in defense innovation and technologies, with a primary focus on maritime security and counter-drone systems / full item
- The full text of the speech delivered by Singaporean Prime Minister, Lee Hsien Loong, at the 2024 Nikkei Future of Asia conference / full item
Singapore FinTech Festival – November 2024
Singapore tech news in May 2024
- Crypto & Digital Assets Summit Asia is set for December 5th in Singapore, delivered by The Financial Times / more info here
- Singapore: XSQUARE raised $7.78M Series A with intelligent warehousing automation, addressing issues ranging from operations optimization to labor shortages / read it here
- Singapore’s SquareX takes Most Promising Startup for Best Overall Performance at Cyber Entrepreneurship Summit in US with browser-native ‘last-mile attack’ security / read it here
- Agri-tech startups from Singapore and India feature in 8 firms selected for 5th cohort of AgFunder GROW Impact Accelerator / read it here
- Singapore’s MetaComp, a digital assets-focused financial tech group, partners Hong Kong’s Harvest Global Investments to offer crypto spot ETFs to Singapore’s investors / read it here
- Emerging Enterprise 2024 Awards are now open for applications, seeking early-stage businesses in Singapore, Hong Kong, Indonesia and Malaysia / read it here
- Singapore’s Rize raised $14M Series A with methane-reducing approach to rice farming, providing price-incentivized farming supplies to boost uptake / read it here
- Vertex Ventures Japan launches inaugural Vertex Ventures Japan Fund I, anchored by Vertex Holdings, venture capital arm of Singapore’s Temasek state fund / read it here
Enhancing the Security of Singapore’s Submarine Cables
Singapore’s tech news: April 2024
- Singapore: ANEXT Bank secures $148M in new funding from parent Ant Group with focus on cross-border digital banking and transactions for SMEs / read it here
- Singapore: StealthMole AI-backed cybersec firm raised US$7M Series A, aiming to build on business-to-gov’t base wth enterprize-level investigation, risk assessment and threat monitoring / read it here
- Singapore: Pyxis maritime tech startup unveils first of all-electric port passenger vessel, X Tron / read it here
- Monetary Authority of Singapore extends ban on remittances to China in light of lack of action by PRC authorities to freeze channels / read it here
- Singapore: Monetary Authority launches COSMIC platform to facilitate sharing of customer info among financial institutions to combat money laundering, terror financing and proliferation financing / read it here
- Singapore: Ailytics secures $2.7M pre-A with AI-driven video analytics to help heavy industry lift operational safety and productivity, using a company’s existing cameras / read it here
- Singapore’s Transcelestial raised $10M with wireless laser communications, aiming to boost internet infrastructure in SE Asia and India with an alternative to subsea cabling / read it here
- Monetary Authority of Singapore and Mastercard ink MOU to boost cooperation in cybersecurity, specifically around cyber-resilience in Singapore’s financial services sector / read it here
- Singapore’s Peptobiotics raises $6.2M with antimicrobial peptide tech as alternative to over-use of antibiotics in the aquaculture sector / read it here
- Singapore’s Temasek state-owned investment firm opens Paris office, building on London and Brussels, aiming to boost investment and partnership opportunities across European Union and broader EMEA regions / read it here
- ‘Breakthrough Energy Fellows – SE Asia’ launches focusing on early-stage climate -tech, an initiative by Bill Gates’ Breakthrough Energy, Temasek, and Enterprise Singapore / read it here
- Singapore’s SLINGSHOT 2024 competition applications are open to July 1st, seeking startups working on solutions in 5 key domains / read it here
- Future Food Asia returns for 8th edition in May, with 11 agri-food startups pitching at conference in Singapore / read it here
- Decarbonization Partners, Singapore’s Temasek state fund and BlackRock partnership, close inaugural $1.40BN fund for late-stage investments in decarbonization tech startups targeting a net-zero era / read it here
- China: National University of Singapore Guangzhou Research Translation & Innovation Institute opens its doors, with remit including startup incubation and promotion of entrepreneurship / read it here
- China: ByteDance Singapore affiliate, Picoheart, invests in InnoStar Semiconductor’s licensable IP for system-on-chip tech, with use cases including in AI datacenters / read it here
- Asia New Zealand Foundation Te Whītau Tūhono partners Singapore’s SGInnovate for internships, providing NZ STEM students with the chance to live and work in Singapore / read it here
2024 Singapore Week of Innovation and Technology / October 28-30
Asia/Indo-Pac tech news
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