Friday, November 8, 2024
HomeAsiaMaxim AI Secures US$3M in Funding, RateHawk Expands to Asia, ArrowBiome Raises...

Maxim AI Secures US$3M in Funding, RateHawk Expands to Asia, ArrowBiome Raises US$1M

Dear reader,

This week, we’ve seen a surge of funding pouring into various global AI startups. Maxim AI, for example, announced a US$3 million funding round to assist developers in creating trustworthy AI tools.

With the world gradually reopening post-COVID-19, there has been a noticeable influx of travel tech companies venturing into the promising Southeast Asian (SEA) market. RateHawk is among these companies, offering a wide range of travel-related services such as hotel bookings, flight tickets, transfers, and car rentals.

In the biotech sector, startups like ArrowBiome are also securing new funding. ArrowBiome specializes in producing and engineering lysins, offering solutions to personal care companies and specialty chemical manufacturers, among others.

Aside from these updates, our contributors cover a diverse array of topics, ranging from the future of marketing with AI to the significance of privacy in the era of social media.

Anisa,
Editor.

====

NEWS

From sustainable energy to fan engagement, funding flows this week
SEA startups secured significant funding, with innovations ranging from AI-driven invoicing and digital fan clubs to seaplane and green fuels

Maxim AI secures US$3M to better help developers create reliable AI tools
The funds will facilitate team expansion and onboard more enterprises developing AI products, as reported by Tech In Asia

Autonomous trucking startup Waabi raises US$200M funding led by Uber, Khosla Ventures
Supported by NVIDIA, the company utilizes AI chips to power its self-driving applications, according to DealStreetAsia

Traveltech firm RateHawk lands in Asia with Singapore regional HQ
The company offers various travel-related services including hotel bookings, flight tickets, transfers, and car rentals

SG startup raises US$1M to help take microbiome care mainstream
ArrowBiome offers its lysin solutions to personal care companies and specialty chemical manufacturers

Oyo finalizes up to US$125M raise at discounted US$2.5B valuation: report
The fundraising follows Oyo’s decision to withdraw its IPO plans last month

KKR-SingTel consortium to invest US$1.3B in ST Telemedia Global Data Centres
Reuters reported in late May that the KKR-SingTel consortium was poised to acquire a minority stake worth around US$1 billion in Singapore-based ST Telemedia Global Data Centres (STT GDC)

FEATURES & INTERVIEWS

Deemples, the ‘Uber for Golfers,’ aims to make tee times effortless in Southeast Asia
Deemples connects golfers to facilitate arranging games despite individual schedules

These 7 tech titans are empowering your business with reliable cloud services
The popularity of cloud services lies in their cost-effectiveness, flexibility, and scalability

Navigating the AI landscape in 2024: Why there is an urgency for enhanced governance
Key points in 2024 include AI shifting from a “nice-to-have” to a “must-have”

FROM THE CONTRIBUTORS

How institutional investors can build a successful DMA strategy in 5 steps
DMA offers frictionless, low-latency market access for institutional traders facing increased competition

Embracing AI’s promise: Navigating the future of marketing
Marketers in Singapore can unlock AI’s potential as it reshapes the industry

Embracing automation and phygital models: The future of mortgage companies
Automation and phygital models enhance efficiency, customer experience, and operational cost savings in the mortgage industry

Travel revival: Asia-Pacific on the rise!
The growing popularity of APAC as a travel destination presents opportunities for travel businesses and startups

Singapore’s skills gap: How Singaporean employers can embrace upskilling
Addressing the skills gap through accessible continuous learning opportunities is crucial for Singaporean employers

The hidden price of connection: Privacy in the age of social media
Managing privacy proactively allows enjoying the benefits of connectivity without compromising personal information

How startups can overcome the AI talent death
Cloud-based AI tools enable startups to scale operations, adapt to market changes, and stay agile without extensive in-house expertise

Confessions of a founder: There’s no fun in fundraising in 2024
Founders can find comfort in the shared experiences of their fellow entrepreneurs

How M&A can supercharge your startup’s success
M&A serves as a good exit strategy for tech-based companies and trend-sensitive consumer goods companies

FROM THE ARCHIVES

A paradigm shift on the Z axis: How Gen Z is shaping the new work culture
Gen Z prioritizes personal happiness over tradition, leveraging digital prowess for a brighter future

How utu aims to boost tourism by transforming the traditional VAT refunds system
utu’s utu Privileges enhances tax refunds for tourists by up to 110% of the GST paid on purchases

Sustaining the work: How businesses can take a step forward in their move towards net zero
Addressing climate change urgently requires focusing on sustainable pathways over the next critical decade

With STEPVR, making AI-generated videos is as easy as creating a PowerPoint presentation
STEPVR accelerates AI solutions development as part of Singapore’s Generative AI Innovation Sandboxes

The next big things in AI: Why Enterprise GPT and inclusion are going to take center stage
Organizations are moving towards embracing AGI for broader AI capabilities beyond “narrow AI”

Why Khailee Ng puts mental healthcare support as key to successful founders-investors relationship
Supporting mental health in founders can lead to more successful relationships with investors

Why customer education plays an important role in Wise’s international expansion plan
Wise’s international expansion strategy emphasizes customer education as a key element

Delivering 3M martabaks in a year: How Go-Jek uses big data to run business better
Go-Jek leverages data for business growth opportunities, as highlighted by SVP Crystal Widjaja

The state of European tech startup industry –and what Asia can learn from it
The European tech startup industry’s strengths lie in talent availability and attraction

Beyond the hospital: Challenges and opportunities in Indonesian healthtech scene
The Indonesian healthtech sector shows potential for growth and innovation

Image Credit: © rawpixel, 123RF Free Images

The post Ecosystem Roundup: Maxim AI gets US$3M | RateHawk lands in Asia | ArrowBiome raises US$1M appeared first on e27.

RELATED ARTICLES

Most Popular