Funding Wrap of The Week | Asian Startups Funding Roundup | 16 February – 21 February

Asian startups secure investment in different funding rounds from venture capital firms and angel investors to grow their businesses and scale up to be more successful in Asia and worldwide. Below are the top 10 Asian Startups Funding Roundups for this week.

Asian Startups Funding Roundup

Dream 

Dream, an AI company providing cyber resilience for nations and critical infrastructure, has raised $100 million in a Series B funding round led by Bain Capital Ventures at a valuation of $1.1 billion.

Lightstorm

Lightstorm, an I Squared Capital Portfolio Company, has secured INR. 700 crores (about $80 million) in funding from NIIF Infrastructure Finance Limited (NIIF IFL), a marquee financial institution dedicated to supporting transformative infrastructure projects in India.

Augury

Israel-based Augury Inc., the leader in Industrial AI solutions for Reliability and Process Optimization, unveiled a series of actions aimed at accelerating innovation across its ground breaking portfolio of offerings, while building on its deep relationships with the world’s largest manufacturers.

Blockaid

Israel-based Blockaid has raised $50Mn in a Series B funding round led by Ribbit Capital. GV participatedalongside existing investors, including Variant and its first seed investor, Cyberstarts.

Spyne

Spyne, India’s first and leading AI-powered visual merchandising platform for the automotive industry, has raised $16 million in a Series A funding round led by Vertex Ventures.

The Whole Truth 

Mumbai, India-based Health food brand The Whole Truth has secured $15 million in a funding round led by Belgian investment fund Sofina with participation from existing investors including Z47 (formerly Matrix Partners India), Peak XV Partners, and Sauce.VC.

Guidde

Israel-based Guidde, the pioneer in AI-powered video documentation, announced a $15 million expansion of its Series A funding round, bringing total funding to $30 million. The round was led by Qualcomm Ventures, with participation from existing investors including Norwest Venture Partners, Entrée Capital, Honeystone Ventures, Tiferes Ventures, and Inkberry Ventures.

The Box

Shorooq, the leading multi-dimensional investment firm renowned for its strategic commitments in the MENA region, leads a $12.5 million financing through its Credit Practice in The Box, a Dubai-based self-storage company addressing modern storage and logistical challenges faced by individuals and businesses.

Singulr AI 

Singulr AI launched with the general availability of its enterprise AI governance and security platform, already deployed across companies in the technology, finance, and healthcare sectors.

Qme

Egypt-based Qme, an emerging B2B SaaS startup has raised $3 million in a seed funding round led by AHOY, a multisector technology company, along with a group of angel investors from the GCC.

Conclusion

From February 16 to 21, Asian startups received varied funding. From fintech to deep tech, the region remains robust and ready to attract more investors next week. This increase in funding is a testament to the continuing opportunities for startups in Asia. Next week, we will provide the Asian Startups Funding Roundup, highlighting Asia’s startup ecosystem.

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