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Financial agreements confirmed: HD, WasteX, and Viruma receive investments; Animoca Brands back Xion; 14 deals in China and India, and additional ones detailed.

Updates on financial transactions and activities happening across Asia Pacific region

Funding secured for HD, WasteX, and Viruma, Animoca Brands invests in Xion, and a series of 14...
Funding secured for HD, WasteX, and Viruma, Animoca Brands invests in Xion, and a series of 14 deals prominent in China and India.

Financial agreements confirmed: HD, WasteX, and Viruma receive investments; Animoca Brands back Xion; 14 deals in China and India, and additional ones detailed.

In the dynamic world of technology, startups continue to attract significant investments, driving innovation and growth. Here's a rundown of some recent funding announcements:

Health Tech Startup HD Secures USD 5.6 Million in Series A

HD, a health tech startup operating a marketplace for prime healthcare and surgery services, has raised USD 5.6 million in a Series A funding round. The company, which serves Thailand, Indonesia, and other countries in Southeast Asia, plans to introduce a new chatbot for its marketplace within the next three months. HD aims to build the Sierra AI of Southeast Asia and open up the technology for third-party use by the end of 2024.

Vodex Raises USD 2 Million in Seed Funding

Vodex, an AI-powered sales assistant developer, has secured USD 2 million in a seed funding round from Unicorn India Ventures and Pentathlon Ventures. The capital will be used to further develop the platform and its ecosystem.

SiftHub Closes USD 5.5 Million Seed Round

SiftHub, an artificial intelligence-powered sales platform, has raised USD 5.5 million in a seed funding round jointly led by Matrix Partners India and Blume Ventures. The funds will be utilised to scale operations and expand the platform's capabilities.

Other Notable Funding Rounds

  • Planys Technologies, a provider of underwater robotic inspection and surveillance solutions, has raised USD 4 million in its ongoing pre-Series A round.
  • Ono, an agriculture-focused digitization platform, has secured USD 1.3 million in a seed funding round led by Aeravti Ventures.
  • Rocksport, a provider of adventure and sports programs, has closed its Series A funding round at USD 3 million.
  • Tianyi Microelectronics, a microdisplay chip design company, has raised an undisclosed amount of equity funding from Hangjin Investment Fund.
  • Arch0, a cloud security solutions provider, has emerged from stealth following the completion of a pre-seed funding round, raising USD 1.25 million.
  • FishLog, an Indonesian aquaculture-focused cold chain logistics company, has closed its pre-Series A funding round, with investment from Accel, Insignia Ventures Partners, and Saison Capital, among others.
  • WasteX, a climate tech startup, has raised USD 450,000 from P4G Partnerships. WasteX collaborates with farmers in Indonesia and the Philippines to turn biomass into biochar using its proprietary carbonizer technology.
  • ScieHome, a life sciences company focused on developing ultrasonic technology and drug-device combination products, has announced the completion of a pre-Series A funding round led by Oriza Seed.
  • Singlife Philippines, a digital insurance company, has received PHP 600 million (USD 10.6 million) from its parent company, Singapore Life Holdings.
  • Keruisi (Precise Numerical Control Technology), a Guangdong-registered developer of computer numerical control (CNC) technology, has raised an undisclosed sum of capital from CDH Investments.
  • UniXell, a Shanghai-registered developer of cell therapy drugs, has announced the completion of a nine-figure RMB sum Series A funding round.
  • Mave Health, a mental health startup using neurotechnology to treat depression, has raised INR 60 million (USD 718,960) in a pre-seed funding round.

Acquisition News

  • AUO Corporation has finalized its acquisition of automotive parts manufacturer BHTC for EUR 600 million (USD 636.4 million).
  • OriOsmo, a Huzhou-based company, has bagged new funding after completing sequential investment rounds, including a Series A round that raised over RMB 100 million (USD 13.8 million).

Funding for Startups in the Blockchain Space

  • Xion, a US-headquartered blockchain platform, has raised USD 25 million in a funding round that included participation from Laser Digital (Nomura), Multicoin, Arrington Capital, Draper Dragon, Sfermion, and Golden Tree. Animoca Brands has also participated in the funding round. The capital raised will be used to further develop the blockchain platform and its ecosystem.
  • Zhongjin Semiconductor, a Shenzhen-registered company, has raised an eight-figure RMB sum in an angel funding round from Guoke BOE, State Nuclear Power Investment Corporation, and Wangzhong Investment.

Investments in the AI and Sales Space

  • HD is training chatbots with data accumulated over the years from various sources. The chatbots are designed to handle part of the workload traditionally borne by staff, reducing costs and improving operational efficiency.
  • SiftHub, Vodex, and possibly HD, are examples of startups in the AI and sales space that have recently secured funding. These investments underscore the growing interest in AI-powered solutions for sales and customer service.

This roundup provides a glimpse into the vibrant funding landscape in the tech sector, with a focus on AI, sales, blockchain, and various other industries. As these startups continue to grow and innovate, we can expect to see more exciting developments in the months ahead.

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