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Funding Wrap of the Week | Asian Startups Funding Roundup | 18 Feb – 23 Feb

UNOAsia,BRIA, DustPhotonics, Walko Food Company, Yulu, AltLayer, The Cloud, Loora, Faddom, and PURE EV are The Top 10 Asian Startups Funding Deals of This Week.

Asian Startups raised Funding in various Funding rounds from venture capitalists and angel investors. Let’s Discuss Top 10 Asian Startups Funding Deals.

The Top 10 Asian Startups Funding Deals of This Week

UNOAsia

Fintech firm UNOAsia has secured $32.1 Million in Pre-Series B Funding round (equity and debt). The investors include in the funding round are Gateway Partners, Creador Private Equity, and Nextinfinity Management.

UNO Digital Bank is South East Asia’s first full-spectrum digital bank licensed under the Bangko Sentral ng Pilipinas. We pioneer a new approach to banking: one that elevates you by making banking simple, better, and accessible.

BRIA

BRIA, the leading responsible visual generative AI open platform, today announced it has raised $24 million in Series A funding in a round jointly led by GFT Ventures, Intel Capital, and Entree Capital with additional investors including, Publicis Groupe , Getty Images , Samsung Next , IN venture (Sumitomo Corporation, Japan) , Atinum Investment (South Korea), Z Venture Capital (LY Corporation, Japan) , Mirae Asset Venture Investment , J-Ventures , and others.

BRIA is a visual generative AI company operating at the forefront of responsible AI development. With a mission to empower developers and AI teams while upholding copyright and privacy compliance in visual generative AI, It offers cutting-edge visual generative AI-trained models, source code, APIs, and development productivity tools that are revolutionizing the way businesses and developers approach visual generative AI.

DustPhotonics

DustPhotonics, a leading developer of silicon photonics technology for data center and AI applications, announced the completion of its Series B follow-on funding round, an oversubscribed round of $24M. The round was funded by a combination of prominent investors, including new and existing investors such as Sienna Venture Capital, Greenfield Partners, Atreides Management, and Exor Ventures.

Founded in 2017, DustPhotonics provides a comprehensive technology platform for Silicon Photonics, and works with leading supply chain partners to enable high data rates, lower power, lower cost and high-volume scalability. Founded in 2017 with venture funding from leading private technology investors, headquartered in Modi’​in, Israel with business operations located in Cupertino, California.

Walko Food Company

Jungle Ventures, Singapore’s largest independent VC investing across Southeast Asia and India has invested $20 Million in Walko Food Company, India’s Food Company which is known for uncompromising quality and customer experience.

Jungle Ventures invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SME’s adopt technology and disruptive technology ideas with global potential.Jungle invests in three macro themes- digital brands serving the young consumers of Asia, technology platforms that help Asian SME’s adopt technology and disruptive technology ideas with global potential.

Yulu

Yulu, India’s largest shared micro-mobility service provider has secured $19.25 million in Equity Funding from existing investors Magna International & Bajaj Auto Ltd.

Founded in 2017 by Amit Gupta, RK Misra, Naveen Dachuri and Anuj Tewari, Yulu is India’s largest shared micro-mobility service provider using electric two-wheelers to reduce traffic congestion and air pollution in urban India. It’s service is actively used for the last-mile commute as well as last-mile deliveries, making a real impact on India’s goal of electrifying its mobility by 2030.

AltLayer

AltLayer, an open and decentralized protocol to launch native and restaked rollups with optimistic and zk stacks, has raised $14.4M in a strategic fundraising round co-led by Polychain Capital and Hack VC.

Since its inception, AltLayer has had a consistent track-record with pioneering research on rollup infrastructure. Today, its flagship product — restaked rollups — provides a tangible, clear-cut way forward in scaling up Ethereum, accelerating the growth and performance of dApps. Its key AVS products namely MACH, VITAL, and SQUAD — powered by EigenLayer — will bring greater decentralization, interoperability, fast finality, and security to thousands of rollups.

The Cloud

The Cloud, an exciting platform that uses cutting-edge technology and a unique model to bridge the gap between businesses and customers in the virtual cloud kitchen space has raised $12 Million in Series B Funding round out of a total $30 million it is raising.The funding round saw participation from a new investor, MENA Moonshots, showcasing confidence in The Cloud’s mission to innovate and expand.

Founded in 2019 by Georges Karam and Kamil Rogalinski, The Cloud is an innovative start-up that empowers underutilized kitchens to earn revenue, increase their geographical reach and enter the high-in-demand food delivery space. Today, It has a portfolio of 70 brands across 28+ platforms and 1,400+ kitchen partners in the UAE, and is established in 7 countries.

Loora

Loora, the first-ever personal AI English tutor has secured $12 Million in Series A Funding round led by QP Ventures with participation from new investor Hearst Ventures and existing investors Emerge and Two Lanterns Venture Partners, among others.

Founded by Roy Mor and Yonti Levin in 2020, Loora, AI tutor offers a safe, judgement-free zone for practicing English. It’s dedicated to empowering every step of the way, provides feedback and tools to boost confidence, making your path to English mastery both effective and fast. Engaging with the virtual language coach’s conversational AI is tantamount to practicing with a native English speaker, but on the learner’s own terms.

Faddom

The first-ever frictionless application observability platform for the secure era, Faddom has secured $8 Million Series A Funding from new investor Viola Ventures and existing investors NFX and angels.

Founded in 2022, Faddom provides the first-ever frictionless application observability platform for the secure era. With its extremely simple-to-deploy technology, startup enables real-time dynamic dependency mapping for complex on-prem and cloud topologies (“cloud smart”), enabling cybersecurity and IT departments of all types to be in control of their business applications.

PURE EV

PURE EV, manufacturing electric scooters and motorcycles has raised USD 8 million from a consortium of investors. The funding round was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd, existing investors and high net-worth individuals.

Founded in 2015, PURE EV is in the business of manufacturing electric scooters and motorcycles under the brand “PURE EV”. The company has set up a dedicated EV and battery manufacturing unit measuring over 1 lakh sqft and having a dedicated facility for R&D for EV powertrain development and testing.

These startups played a major role in Asian Startups Funding ecosystem in this week and secured funding from Venture Capitalists, Angle Investors in different funding Rounds.

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UNOAsia,BRIA, DustPhotonics, Walko Food Company, Yulu, AltLayer, The Cloud, Loora, Faddom, and PURE EV are The Top 10 Asian Startups Funding Deals of This Week.

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