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GoodMe takes ready-to-drink beverages beyond its own stores Mi Liangchuan’s exit deepens pressure on Xpeng’s robotics push Surging users, widening losses, and leased compute: Behind SiliconFlow’s IPO filing BYD spots North America foothold amid US-Canada tariff discord Momenta makes public debut in Hong Kong, puts physical AI in spotlight IPO aspirant SAIC Mobility grows orders, but platforms capture much of the upside Chinese automakers overtake Japanese rivals in Europe despite EV tariffs Li Auto cuts out middle layer in latest R&D restructuring Growatt’s energy storage shift drives third bid for Hong Kong IPO Deals in brief: Vynn Capital to finance Etaily’s expansion, CATL backs CarbonScape as partner, 17 China investments, and more UBTech’s UWorld U1 tests demand for humanoid robots at home 31-year-old founder steers Direct Drive Tech toward Hong Kong IPO Asia's AI rally winners face a rising leverage problem Can a smart ring make health monitoring part of daily life? Chinese-owned Lotus bets on hybrid SUV for US turnaround Chinese door-to-door logistics networks grow in US to counter trade war Hong Kong's hub ambitions are not a zero-sum game Volcano Engine bets better models, not lower prices, will decide the MaaS race Singapore moves ahead with autonomous taxis as trials expand Hong Kong courts GBA-ASEAN connector role as trade and investment ties grow Deals in brief: Airwallex raises Series H funding, Igloo acquires Eazy Digital, nine China investments, and more CaoCao Mobility’s RoboX plan targets autonomous driving’s next phase Chinese appliance brands gain ground in Southeast Asia Robotics will not get its “GPT moment” by following LLMs, Agibot chief scientist says Flanked by DJI and Insta360, this company has grown 50% a year for five straight years Hong Kong pushes Beijing's bay area dream as it advances first five-year plan Asian streaming services go big on microdramas and AI content RayNeo extends AR glasses lead as smart eyewear demand shifts Huawei lays out six priorities for AI-era mobile networks Seer Robotics rides 24-hour market swing in Hong Kong debut HJ Science stumbles in Hong Kong debut after gray market surge China’s game makers split as giants chase prestige and others target profit Why world models alone will not solve robotics’ deployment problem Geely seeks to double Zeekr sales abroad, eyeing Malaysia output 12306 moves beyond tickets as OTA traffic comes under pressure China’s Aima bets on Black Wing to broaden the appeal of electric two-wheelers 5 things to know about Seer Robotics ahead of its Hong Kong IPO China expo draws Nvidia, Apple, Micron as Beijing guards AI supply chain Chinese electronics maker Longcheer bets on US growth Hotpot chain Banu posts stronger profit growth in updated IPO prospectus Wenge AI gears up for Hong Kong IPO at valuation above HKD 10.5 billion HIMA brings in secondary battery suppliers, with Gotion set to power Aito car models China's hydrogen push outstrips Japan's in new fuel race Tata-Chery collaboration highlights Indian EV makers' China reliance What BYD’s Rayong factory reveals about the limits of China’s overseas playbook How AI is changing stock trades for retail investors Plaud reaches USD 100 million ARR in two years as AI hardware gains traction Tsing Micro nears becoming China’s first listed reconfigurable chip company Baidu’s Apollo Go expands Europe plans with Swiss permit Could replacement technology become longevity medicine’s next frontier? Middle East weekly: Invest Qatar and QNB host dialogue, Keeta launches UAE restaurant SME program, China becomes Saudi’s top vehicle supplier, and more World Cup tests Lenovo's ambitions to challenge AI champions Deals in brief: Tin Men Capital backs Pints AI, Malaysia’s GreatAsic raises funding, latest China investments, and more Can a bedside lamp track sleep? A Xiaomi veteran thinks so BYD brand ambassador Wang Leehom uses fee to buy shares Seres-backed AIVA debuts, with first car model set for unveiling this year Xiaomi’s Luo Fuli says Claude Fable 5 is an interim step in AI’s evolution What naphtha shortage? China extends petrochemicals lead amid US-Iran conflict Chinese entrepreneur's e-truck startup Windrose faces unpaid wage claims How China's Anta joined Nike and Adidas on the world sportswear podium ByteDance spins out drug discovery unit to test AI4S commercialization China’s electric SUV makers chase high-end buyers TSMC "not afraid of competition" as CEO wishes Elon Musk good luck on chips Huawei Cloud shifts the AI cloud fight beyond token prices Middle East weekly: Dubai plans smart medical visa, Saudi fund expands overseas project support, Qatar updates business activity classifications, and more Will Li-Ning’s Stephen Curry deal cut both ways? China's BYD, SAIC Motor eye EVs with all-solid-state batteries in 2027 Deals in brief: Handshake Finance, Clear Robotics raise funding; VoidZero joins Cloudflare; GIC invests in Supabase and Ramp; and more Xpeng loses product lead before Iron robot enters critical phase WeChat opens the door to phone-based AI agents, on its own terms Longsys targets edge AI storage in Hong Kong dual listing push Why Curry Brand chose Li-Ning over Anta ByteDance sets four AI priorities for 2026 AI demand strains supplies of lasers, fiber, and other optical tech ByteDance raises Volcano Engine’s MaaS revenue target on Seedance 2.0 growth Kuaishou’s Kling AI seeks fresh funding ahead of planned 2027 IPO CRP advances Hong Kong IPO plan as it expands in industrial robotics Middle East weekly: Invest Qatar concludes China roadshow, Core42 secures HSBC financing, Salwa REIT Fund launches, and more Keenon Robotics prioritizes function over form in its robot lineup Thailand's Line Man pushes beyond food delivery, eyes 2027 IPO Doubao prepares paid subscriptions as ByteDance seeks AI returns Autolink makes its Hong Kong IPO case with smart vehicle architecture Chinese dessert soups are getting a modern makeover, and Mak Kee wants to lead it China's Chery to debut EV minicar in Japan, following BYD's lead MiniMax explores Star Market listing after Hong Kong debut Deals in brief: SG Enviro completes Series A round, Return Helper raises USD 4 million, 14 new China investments, and more Huawei says new Kirin chip for phones overcomes US clampdown China drops hammer on cross-border stock trading: 5 things to know Chinese rivals push GoPro from pioneer to takeover target Chinese EV makers awaken Western rivals' zombie production lines EufyMake: Inside Anker’s push to turn UV printing into a consumer product Pony.ai raises 2026 robotaxi targets as revenue growth accelerates Middle East weekly: Jetour opens UAE service center, Dubai launches second stimulus package, Aramco deploys Saudi Arabia’s first quantum computer, and more AISpeech targets Star Market IPO as demand for conversational AI grows Geespace’s next test is building a business case for satellite infrastructure Why world models must do more than simulate: Pony.ai CTO Index providers reshape Asian financial markets with exacting standards Why AI shopping can finally move from recommendations to checkout Lenovo’s “AI factory” approach starts to show results Huawei proposes “Tau scaling law” to extend chip advances beyond Moore’s law
Deals in brief: Singapore-based ChemT, Synvo, and H3 Zoom raise funding; 100x100 launches climate fund; seven China investments; and more
Sudo Lim · 2026-06-23 · via KrASIA

ChemT raises USD 5 million for AI-powered biomanufacturing

ChemT Biotechnology, a Singapore-based biotechnology company, has raised USD 5 million over 18 months, comprising USD 1 million in angel investment and a USD 4 million seed round. The seed round was led by Wavemaker Ventures, with participation from Seeds Capital, Wavemaker 360 Health, Draper University Ventures, and Temasek Life Sciences Accelerator.

The company is building an intelligence layer for biomanufacturing through CelMo, its artificial intelligence-driven virtual cell platform trained on proprietary biological sequencing data and validated in the lab.

ChemT will use the financing to expand its AI and experimental infrastructure, with the goal of making advanced medicines easier to manufacture, scale, and deliver.

Jie Sun (left) and Ling Wu, co-founders of ChemT Biotechnology.
Jie Sun (left) and Ling Wu, co-founders of ChemT Biotechnology. Photo courtesy of the company.

Synvo raises USD 1 million to commercialize “enterprise memory layer”

Synvo AI, a Singapore-based deep tech company spun out of Nanyang Technological University’s MMLab, has raised USD 1 million in seed funding from Fuel Ventures Asia.

The company is developing an “enterprise memory layer” that reportedly enables AI systems and agents to retain, retrieve, and reason across organizational data, including documents, emails, videos, audio files, and business records.

Synvo will use the capital to accelerate commercialization of the platform, expand its engineering team, and support enterprise deployments across Asia.

From left to right: YH Saim, Cavan Loy, and Faye Wong, co-founders of Synvo AI.
From left to right: YH Saim, Cavan Loy, and Faye Wong, co-founders of Synvo AI. Photo courtesy of the company.

H3 Zoom closes Series A round to scale inspection intelligence

H3 Zoom, a Singapore-based deep tech company specializing in AI-powered inspection and asset intelligence, has closed a USD 3.6 million Series A round. The round was led by JRE Ventures, with participation from SGInnovate, M7 Holdings, AC S525 through an AngelCentral member-led syndicate, Moringa Ventures, and Lotus One Investment.

Founded in 2016, H3 Zoom develops software that combines AI, computer vision, drones, robotics-enabled data capture, and workflow automation for building and infrastructure inspections.

It will use the funding to expand across Asia, especially Japan, Hong Kong, Singapore, and other parts of Southeast Asia, while accelerating product development, strengthening engineering capabilities, and deepening enterprise integrations.

GoVeda secures seed funding for AI-native IP platform

GoVeda, a Singapore-based AI-native IP platform, has secured an undisclosed amount of seed funding to accelerate the development of its patent intelligence tools. The investor details were not disclosed.

The company helps enterprises, researchers, and emerging technology companies make decisions around patent filing, portfolio management, and monetization.

GoVeda said it will use the funding to continue developing AI-driven capabilities for patent discovery, strategic filing analysis, and portfolio intelligence, with the broader goal of connecting patent offices, enterprises, and innovators through data-driven insights.

Vibefam raises seed funding to build operating system for fitness businesses

Vibefam, a company with operations in Singapore and New York, has raised USD 1 million in seed funding. The round was led by an undisclosed Singapore-based family office, with backing from early-stage investors including Hustle Fund and Ignite Asia, as well as investors and operators from the fitness and wellness sector.

Vibefam is developing a platform that helps gyms, studios, and wellness operators manage scheduling, memberships, payments, customer engagement, reporting, and growth from a single system.

It will use the funds to develop AI and embedded financial services, continue product development, and make strategic hires.

From left to right: Lim Chunyong, Serene Lim, and Li Jiayi, co-founders of Vibefam.
From left to right: Lim Chunyong, Serene Lim, and Li Jiayi, co-founders of Vibefam. Photo courtesy of the company.

Respond.io raises USD 62.5 million to expand globally

Respond.io, a customer conversation management platform for midmarket business-to-consumer companies, has raised USD 62.5 million in a Series B round. The round was led by Camber Partners, with participation from Endeavor Catalyst and existing investors.

The company helps businesses manage revenue-generating customer conversations across channels such as WhatsApp, Instagram, TikTok, Messenger, Telegram, voice calls, live chat, and email.

Respond.io said the funding will support its global expansion, local acquisitions, and a stronger regional presence in North America and Europe.

Libeara raises USD 14 million for tokenized assets

Libeara, a Singapore-based tokenization platform backed by Standard Chartered’s SC Ventures, has closed a USD 14 million pre-Series A round. The round was led by GSR, with participation from Openspace Capital, Kyobo Life Insurance Group, AlloyX, Kaia Investment Partners, Simsan Ventures, and Monk’s Hill Ventures.

The company holds a capital markets services license from the Monetary Authority of Singapore and said it has tokenized more than USD 1 billion in regulated assets.

Libeara will use the funding to scale its infrastructure for regulated digital assets, as institutional interest in real-world asset tokenization continues to build across Asia.

100×100 launches USD 100 million fund to build climate-focused companies

100×100, a Singapore-based company builder and venture capital fund launched by members of the team that co-founded Wavemaker Impact, has launched its second fund with a target of USD 100 million. Investor details for the new fund were not disclosed.

The firm plans to use the fund to create and scale up to 50 climate companies across Southeast Asia and India, focusing on emissions challenges across energy, food, materials, and supply chains.

Unlike traditional venture funds that primarily invest in existing startups, 100×100 aims to work with experienced entrepreneurs to build companies from the ground up. The firm said each company will be designed with the potential to abate 100 million tons of carbon dioxide equivalent and generate USD 100 million in revenue.

ElevationSpace raises USD 40 million for space-to-Earth transportation

ElevationSpace, a Japanese satellite reentry startup, has raised USD 40 million in a Series B round, bringing its total funding to USD 63.5 million. Investors in the round include Sparx Asset Management and Beyond Next Ventures, both of which backed the company’s Series A round, as well as corporate investors such as Toyoda Gosei and Dai Nippon Printing.

The company is developing space-to-Earth transportation services centered on in-orbit research and payload return. Its ELS-R platform is designed for in-orbit R&D, manufacturing, and Earth return, while ELS-RS is planned as a high-frequency recovery service from crewed space stations.

fileAI secures investment from JRE Ventures for Japan expansion

fileAI, an enterprise AI startup, has entered into a partnership with JRE Ventures that includes an investment from the corporate venture firm. The amount was not disclosed.

The partnership marks fileAI’s formal entry into Japan and will support the creation of a local team. fileAI and JRE Ventures will explore deployments of its governed AI platform across JR East Group companies, starting with projects involving the digitization and restructuring of legacy contractual and operational documents.

Photo of Christian Schneider (left) and Clare Leighton, co-founders of fileAI.
Christian Schneider (left) and Clare Leighton, co-founders of fileAI. Photo courtesy of fileAI.

Ovum raises seed funding for women’s health infrastructure

Ovum, a Melbourne-based women’s health company, has raised AUD 4 million in seed funding. The round was led by Admiralty Capital Group, with participation from Antler, Giant Leap, Aviron Investments, Foggy Valley Aotearoa, Brisbane Angels, and Think & Grow. LaunchVic also increased its investment through the Alice Anderson Fund.

The company is building AI infrastructure for women’s health, designed to capture longitudinal reproductive health data with anonymous consent as a core principle.

The funding will support the development of its AI infrastructure and women’s health dataset.

Photo of Ariella Heffernan-Marks, founder and CEO of Ovum.
Ariella Heffernan-Marks, founder and CEO of Ovum. Photo courtesy of the company.

Recent deals completed in China:

  • Xingantong, an AI data center sensing and efficiency management startup, has raised an eight-figure RMB sum in an angel round co-led by Legend Star and K2VC. It will use the funds for chip iteration, product validation, and market expansion. 36Kr
  • Kunda, an aerospace equipment company, has raised an eight-figure RMB sum in a Series A round from Yongxin Rongyan. It will use the funds to develop next-generation intelligent assembly systems, expand capacity, and replenish working capital. 36Kr
  • Lissome, a kitchen robotics brand, has raised an eight-figure RMB sum in a Series A round co-led by HongShan and Brizan Ventures, with participation from HKX and existing investors. It will use the funds for product upgrades, category expansion, kitchen robotics R&D, global expansion, supply chain development, mass production, and hiring. 36Kr
  • GigaAI, a physical AI company, has raised RMB 1 billion (USD 147.3 million) in a Series B2 round from Lion Partners Capital, the China-Belgium Direct Equity Investment Fund, JIC Investment, Wanxiang Qianchao, Fosun RZ Capital, Huagai Capital, Jin Venture Capital, Dyee Capital, Huacang Capital, Yuanshi Fund, and existing investors. It will use the funds to support its data and algorithm systems, foundation model upgrades, and industrial and home applications. 36Kr
  • InSpatio, a spatial intelligence company, has raised an eight-figure USD sum in a pre-Series A round from Luminous Ventures, Shunwei Capital, and HongShan. It will use the funds for model R&D, 3D data infrastructure, computing infrastructure, partnerships, and hiring. 36Kr
  • Noonwake.ai, an emotional wellness startup, has raised nearly RMB 10 million (USD 1.5 million) in a seed round led by Yunqi Partners, with support from Var Capital. It will use the funds to develop AI-powered software and hardware products for emotional companionship and personal consultation. 36Kr
  • Physis, a world model developer, has raised more than USD 100 million in a second seed extension round. Matrix Partners, 5Y Capital, Luminous Ventures, Ant Group, GL Ventures, and Yanyuan Fund joined the round. It will use the funds to pretrain its general world foundation model and build large-scale training systems. 36Kr

Pints AI, GreatAsic, YouLabs, and others made recent headlines:

  • Pints AI, a Singapore-based artificial intelligence startup, raised USD 5.6 million in a pre-Series A funding round led by Tin Men Capital and co-led by SBI Ven Capital. Seeds Capital, NTUitive, SUTD Venture Fund, and Tenity also participated.
  • GreatAsic Technology, a Malaysia-based fabless custom chip design company, raised USD 6.9 million in a pre-Series A round led by Vertex Ventures Southeast Asia and India. Ehsan Kapital and Gobi Partners also participated.
  • YouLabs, a healthcare platform based in Singapore and Hyderabad, raised USD 2.6 million in a seed round led by Crane Venture Partners, with participation from Dr Reddy’s Laboratories, Matrix Pharma, and designer Jayanti Reddy.

If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].

Note: RMB figures are converted to USD at rates of RMB 6.79 = USD 1 based on estimates as of June 23, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.