In today’s briefing:
- ADB Ventures, Touchstone Join US$3M Round of Vietnamese EV Maker Selex Motors
- Startup Raises $2.5m to Build One-Stop Web3 CRM Tools
- Unity Software Shanghai: Localizing Products and Services for Game Developers in China
- SG’s Cosmose AI Hits $500m Valuation After Fresh Round
- CloudMinds: AI-Powered Robotic Developer
- Explico Bags US$1.4M to Make Student Assessment Easier Using AI
ADB Ventures, Touchstone Join US$3M Round of Vietnamese EV Maker Selex Motors
Selex Motors produces electric two-wheelers and swappable battery packs that are purpose-built for last-mile cargo delivery
- The company aims to utilise the funds to expand its two-wheeler production lines and set up battery-swapping systems in key cities in Vietnam, aiming to become the nation’s largest battery-swapping network provider
- Established in 2018, Selex produces electric two-wheelers and swappable battery packs that are purpose-built for large applications, including last-mile cargo delivery
Startup Raises $2.5m to Build One-Stop Web3 CRM Tools
- Most Web3 brands rely on Web2 apps such as Google Forms, Telegram, and Discord for customer support.
- This makes customer relationship management (CRM) difficult due to rampant customer service fraud and the inability to identify end users across channels.
- Based in Taiwan, MetaCRM says its Web3 CRM products can connect on-chain and off-chain data to create blockchain-native solutions and analytics tools.
Unity Software Shanghai: Localizing Products and Services for Game Developers in China
- Founded in 2022, Unity Software Shanghai Co. (Unity 3D/Unity China) is a Chinese company that provides a 3D development platform, and AR/VR solutions to the gaming industry.
- The company is a subsidiary of Unity Software (U US) and focuses on localisation Unity’s products and services to the Chinese market.
- The company was valued at around US$1bn at the time of its formation and based on deal terms, might go for a listing when its valuation hits US$3.6bn.
SG’s Cosmose AI Hits $500m Valuation After Fresh Round
- Singapore-based Cosmose AI said it has received an undisclosed sum from nonprofit Near Foundation to build a payment system that allows users to shop with cryptocurrency at low transaction fees.
- The deal bumped Cosmose AI’s valuation to US$500 million from US$100 million at the time of its series A round.
- Using smartphone data, Cosmose AI analyzes foot traffic and engages consumers online, providing insights into offline shopping habits and driving footfall across 20 million venues in Asia.
CloudMinds: AI-Powered Robotic Developer
- Founded in 2015, CloudMinds (CMDS US) Robotics is a globally renowned creator, producer and operator of cloud robot systems and services.
- Its flagship product “CloudMinds Operating System” is a powerful AI platform that enables robots to communicate with the cloud and perform tasks that require advanced AI capabilities.
- CloudMinds previous attempt to list in the US was withdrawn due to security concerns, however, the company is said to be exploring a Hong Kong IPO in the near future.
Explico Bags US$1.4M to Make Student Assessment Easier Using AI
Explico can generate assessment tasks, find appropriate peers for study groups, and provide transparent adaptive feedback using AI technology.
- Explico will use the money to enhance its learning platform and expand in Southeast Asia, specifically Vietnam and Philippines, and Africa.
- The startup focuses on assessment using artificial intelligence and machine learning to help students identify their specific and respective strengths and weaknesses
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