Private Markets Daily Briefs | Page 14 of 19 | Smartkarma

Mar 21

Daily Brief Private Markets: Megvii: An Artificial Intelligence Powerhouse in China and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Megvii: An Artificial Intelligence Powerhouse in China
Smartmore: Using AI to Implement Smart Manufacturing

Megvii: An Artificial Intelligence Powerhouse in China

Megvii is a leading artificial intelligence company in China focusing on IoT scenarios for mainly three fields including Consumer IoT, City IoT and Supply Chain IoT.
In June 2022, Megvii’s chief scientist Sun Jian passed away due to a sudden illness. His death was one of the key reasons why the company has postponed the IPO.
Major investors in Megvii include Ant Group, Alibaba Group (9988 HK), Lenovo (992 HK), and Abu Dhabi Investment Authority.

Smartmore: Using AI to Implement Smart Manufacturing

Established in 2019 and headquartered in Hong Kong, Smartmore is a technology company that focuses on the use of artificial intelligence to implement smart manufacturing and ultra-high definition videos.
The company’s intelligent manufacturing technology helps detect malfunction at manufacturing lines in numerous industries such as autos and semiconductors.
Since the inception of the company, Smartmore has raised nearly $300 million in funding. Its major investors include Hermitage Capital, IDG Capital, Sequoia Capital China, and Lenovo Capital.

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Mar 17

Daily Brief Private Markets: Fresh Safety Concerns Follow OpenAI’s GPT-4 Release and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Fresh Safety Concerns Follow OpenAI’s GPT-4 Release
Battery Recycling Startup Green Li-Ion Secures US$20.5M Pre-Series B Funding
Intellect Seals Strategic Investment with IHH Healthcare
Auto Dealer Financing Startup Broom Bags US$10M to Diversify Product Offerings

Fresh Safety Concerns Follow OpenAI’s GPT-4 Release

By Tech in Asia

ChatGPT-4 is here and OpenAI is betting that it’s the smartest version so far.
GPT-4 has a broader general knowledge and problem solving abilities, the company said in a research paper that was released alongside the chatbot.
The paper showed that the latest model beat 90% of bar exam takers.

Battery Recycling Startup Green Li-Ion Secures US$20.5M Pre-Series B Funding

By e27

Green Li-ion, a lithium-ion battery recycling technology company based in Singapore, has raised US$20.5 million in pre-Series B funding.
Green Li-ion has developed a novel technology that processes 100 per cent of all used lithium batteries.
It recycles and reuses all metals to directly re-manufacture battery-grade cathode material ready for reuse in new batteries.

Intellect Seals Strategic Investment with IHH Healthcare

By Tech in Asia

Intellect, a mental health startup based in Singapore, has raised a strategic funding round from IHH Healthcare.
As part of this round, IHH will work with Intellect to develop digital mental health programs for the group’s patients, corporate clients, and staff.
Intellect says it has already started rolling out services to Gleneagles Hospital Singapore, which is part of IHH’s network of 82 hospitals in 10 countries.

Auto Dealer Financing Startup Broom Bags US$10M to Diversify Product Offerings

By e27

Broom, an all-in-one automotive SME solutions startup in Indonesia, has secured US$10 million in a pre-Series A funding round
Jakarta-headquartered Broom will use the money to diversify its product offerings and further accelerate dealer inventory turnover.
Established in 2021, Broom provides an end-to-end financial solution for auto dealer inventories.

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Mar 08

Daily Brief Private Markets: AISpeech: Leading Company in China for AI-Driven Speech Recognition Technology and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

AISpeech: Leading Company in China for AI-Driven Speech Recognition Technology

AISpeech: Leading Company in China for AI-Driven Speech Recognition Technology

AISpeech is a high-tech start up specializing in computer speech recognition and AI chip design in China.
The company is developing intelligent voice interaction technology designed to improve human-machine interaction. It is also developing human-computer dialogue operating system and artificial intelligence chip modules to improve speech recognition.
AISpeech is in the process of listing in the Shanghai Star Market, aiming to raise about US$1.5 billion.

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Mar 07

Daily Brief Private Markets: Mobvoi: Focused on AI Technologies for Advanced Voice Interaction and Hardware-Software Integration and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Mobvoi: Focused on AI Technologies for Advanced Voice Interaction and Hardware-Software Integration

Mobvoi: Focused on AI Technologies for Advanced Voice Interaction and Hardware-Software Integration

Mobvoi uses AI technology to improve the next generation human-machine interaction. The company’s key partners include Google and Volkswagen.
Mobvoi provides full-stack AI solutions for various hardware-software integration, voice interaction technology and engineering capabilities. The key sectors served include IoT, finance, telecommunications, F&B, and auto.
Since the founding of the company in 2012, the company has raised US$253 million in funding. Major investors in the company include Sequoia Capital, ZhenFund, SIG, and Google.

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Mar 05

Daily Brief Private Markets: Unisound: A Chinese Unicorn Focused on AI Powered Voice and Speech Processing Technologies and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Unisound: A Chinese Unicorn Focused on AI Powered Voice and Speech Processing Technologies

Unisound: A Chinese Unicorn Focused on AI Powered Voice and Speech Processing Technologies

Founded in 2012, Beijing Yunzhisheng Information Technology Co. (also known as Unisound) is a Chinese company focused on AI powered voice and speech processing technologies.
Unisound provides voice recognition, language processing and big data solutions to home appliances, automobile, healthcare and education companies.
Since the inception of the company, it has raised US$361 million in funding.

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Mar 03

Daily Brief Private Markets: Mathpresso: Google Backed AI-Based Math Problem Solver and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Mathpresso: Google Backed AI-Based Math Problem Solver

Mathpresso: Google Backed AI-Based Math Problem Solver

Mathpresso (Qanda app) uses AI technology to provide homework assistance for math problems.
As of February 2023, the Qanda app solved 4.7 billion math problems. The Qanda app is available in numerous languages including Korean, English, Spanish, Japanese, Vietnamese, Indonesian and Thai.
The company has received $122 million in funding since the inception of the company. Major investors in Mathpresso include Google, Softbank, Smilegate Investment, Legend Holdings, and GGV Capital.

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Mar 02

Daily Brief Private Markets: RiiiD: AI Machine Learning Technology to Improve Students Education and Test Scores and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

RiiiD: AI Machine Learning Technology to Improve Students Education and Test Scores
Kakao Brain: Leading Provider of AI Based Text-To-Image Service & Launch of KoGPT in 2H 2023

RiiiD: AI Machine Learning Technology to Improve Students Education and Test Scores

Riiid uses AI machine learning technology including “reinforcement learning algorithm” to improve student education.
Riiid has a strong presence in the TOEIC test prep services in Asia. Now, it is expanding its business in the SAT and ACT prep markets in the United States.
Since the company’s inception, the company has received about $250 million in funding including from Softbank Vision Fund.

Kakao Brain: Leading Provider of AI Based Text-To-Image Service & Launch of KoGPT in 2H 2023

One of the most promising projects that Kakao Brain is currently developing includes an AI Korean language model called KoGPT, which would be similar to ChatGPT service.
In February 2023, Kakao Brain created a major magazine cover which was the first time in South Korea that an AI-based artwork has been published on a major magazine cover.
There are five major companies including Kakao Brain, Naver Corp, SK Telecom, KT Corp, and LG AI Research that are actively developing Korean language versions of Chat GPT.

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Feb 28

Daily Brief Private Markets: Carsharing Startup GetGo Bags US$15M to Bring 10K Greener Vehicles into SG by 2030 and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Carsharing Startup GetGo Bags US$15M to Bring 10K Greener Vehicles into SG by 2030
Chinese Fintech Firm IceKredit Gears up for SEA Expansion
Malaysian Affiliate Marketing Firm Involve Asia Raises over US$10M for SEA Expansion

Carsharing Startup GetGo Bags US$15M to Bring 10K Greener Vehicles into SG by 2030

By e27

Singapore-based carsharing platform GetGo Technologies has secured an SGD20 million (US$15 million) investment from Treïs, a family-backed investment group.
This will enable GetGo to accelerate the growth of its electric fleet with a target of 10,000 greener vehicles by 2030 and to strengthen its technology and operational platform.
GetGo cars are typically used to take children and the elderly to activities, to go out with family and friends, or to transport bulky items.

Chinese Fintech Firm IceKredit Gears up for SEA Expansion

By Tech in Asia

IceKredit, a Chinese AI-focused credit risk and management company, plans to export its AI-powered products and solutions to financial institutions in Southeast Asia.
Founded in 2015, IceKredit helps lenders to establish an automated end-to-end digital lending process – from application pre-screening to collections – by providing risk mitigation products and services.
In the past two years, the firm has raised over US$58 million in series C funding, a large part of which will be used for its Southeast Asian expansion, the company says.

Malaysian Affiliate Marketing Firm Involve Asia Raises over US$10M for SEA Expansion

By e27

Malaysia-based affiliate marketing platform Involve Asia has raised over US$10 million.
Bintang Capital Partners, the PE arm of Affin Hwang Asset Management Berhad, led the round. 500 Global, Orbit Capital Malaysia, and Monumental Productions also participated.
Involve will use the new funds to acquire complementary tech companies and invest in enhancing its platform and team across the region.

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Feb 24

Daily Brief Private Markets: Indian Web3 Gaming Firm Raises $20m at $150m Valuation and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Indian Web3 Gaming Firm Raises $20m at $150m Valuation

Indian Web3 Gaming Firm Raises $20m at $150m Valuation

By Tech in Asia

Kratos Studios, a Web3 gaming venture based in India, has raised about US$20 million in seed funding at a valuation of US$150 million.
The round was led by Accel and saw participation from Prosus Ventures, Courtside Ventures, Nexus Venture Partners, and Nazara, among others.
Kratos was built by Manish Agarwal, previously CEO of gaming company Nazara, and Ishank Gupta, a former executive at multinational firms like Belgian brewing firm Anheuser-Busch InBev.

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Feb 22

Daily Brief Private Markets: Transcelestial Gets US$10M Funding Boost to Expand Its Lasercomms Tech into US and more

By Smartkarma Daily Briefs | Daily Briefs, Private Markets

In today’s briefing:

Transcelestial Gets US$10M Funding Boost to Expand Its Lasercomms Tech into US, Ramp up in Asia

Transcelestial Gets US$10M Funding Boost to Expand Its Lasercomms Tech into US, Ramp up in Asia

By e27

Singapore-headquartered last-mile internet connectivity startup Transcelestial Technologies has received US$10 million in a Series A extension round.
Existing investor Airbus Ventures led the round, with participation from Kickstart Ventures, Genesis Alternative Ventures, Wavemaker, Cap Vista, and SEEDS Captial. In-Q-Tel had also joined in a previous undisclosed round.
The new round brings Transcelestial’s total investment raised to date to US$24 million.

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