Funding Wrap of the Week | Asian Startups Funding Roundup | Jan 28–Feb 2

Here are the Top Asian Startups Funding Deals in the Asia Pacific Region in this week. Let’s talk about the Top 10.

The Top 10 Asian Startups Funding Deals of This Week

Rebellions 

Rebellions has secured $124 Mn Series B Funding. As a strategic investor, KT, a telecoms corporation based in South Korea, led this funding round. In addition to new investors Korelya Capital and DG Daiwa Ventures, previous backers Temasek’s Pavilion Capital and Korea Development Bank took part. 

Founded in 2020, Rebellions Enabling the Accelerated Generative AI at Scale and emerged, sparking a journey fueled by audacious dreams and lightning-fast decisions, setting the stage for a revolution in the making. Unveil the potential of Generative AI, where innovation merges with algorithms to revolutionize content creation and creativity.

XREAL 

XREAL reinforced its mission to bring spatial computing to global consumer markets, announcing that is has secured an additional USD $60 million in funding in a new strategic round. This brings XREAL’s life-to-date fundraising to USD $300 million. XREAL financial backers to-date have included Alibaba, Nio Capital, Sequoia, Kuaishou, Gentle Monster, among others.

Founded in 2017, Formerly Nreal, now XREAL is all about making reality better for everyone, everywhere. XREAL believing that Augmented Reality (AR) is one of those technologies and will enrich the lives of many people. XREAL designed and manufactured cutting edge AR technologies into a pair of fashionable sunglasses that works across many platforms.

Oasis Security

Oasis Non-Human Identity Management platform, Oasis Security has raised $40 Million Funding led by Sequoia Capital, and participation from Accel, Cyberstarts and Maple Capital, Guy Podjarny, founder of Snyk, and Michael Fey, cofounder and CEO of Island.

Founded by Danny Brickman and Amit Zimerman, Oasis Security is the market leading platform for non-human identity management. Our mission is to fortify cybersecurity defenses by enabling enterprises to efficiently secure non-human identities throughout their lifecycle.

U GRO Capital

U GRO Capital, a BSE and NSE listed, small business lending fintech platform has secured $30 Million funding through Non-Convertible Debentures From Asian Development Bank (ADB). Asian Development Bank’s funding in Ugro Capital will help tackle climate change and catastrophe resilience, as well as poverty and inequality. It will also hasten the advancement of gender equality.

Founded in 1993, U GRO Capital limited is a BSE and NSE listed, small business lending fintech platform. The Company is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions.

BluSmart 

India’s first and leading all-electric ride-hailing mobility service, BluSmart has Secured $25 Mn Funding From ResponsAbility. BluSmart intends to enhance its infrastructure for electric vehicle charging.

Founded in 2019, BluSmart is India’s first and leading all-electric ride-hailing mobility service. We are here for a reason. BluSmart is on a mission to steer urban India towards a sustainable means of transportation and to provide them efficient, affordable, intelligent, safe and reliable mobility.

Elice 

Elice, South Korea’s upcoming AI-powered educational platform company, has raised a KRW 20B (approximately USD 14.9M) Series C round. The new funding is led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of the global investment company Temasek. Participating investors include Altos Ventures.

Founded in 2015, With an established presence in South Korea, Elice focuses on delivering an integrated B2B and B2G educational platform and content for institutional clients, specializing in technical skills upgrades to enhance digital transformation within an organization. Elice serves more than 1,800 globally and counts among its clients South Korea’s major conglomerates, top universities, and government ministries.

Anbogen Therapeutics

Anbogen Therapeutics announced the successful completion of its Series A funding round. The lead investor is China Development Industrial Bank, with significant contributions from Taian Venture Capital, Maxpro and the National Development Fund (Business Angel Investment Program, and Implementation Project for Strengthening Investment in SMEs), with a total investment of approximately 12.5 million.

Anbogen Therapeutics is a clinical-stage biotechnology company dedicated to developing precision anti-cancer drugs that hold the/promise of curing cancers and/or improving the lives of cancer patients worldwide. Anbogen, whose founding was proposed by Dr. Joe Shih, aligns with national policies and addresses significant medical needs.

Aim Security 

Aim Security, the industry guide to secure GenAI adoption has secured $10 Million in Seed Funding round led by YL Ventures with participation from CCL (Cyber Club London), the founders of WIZ and angel investors from Google, Proofpoint and Palo Alto Networks.

Founded by Matan Getz (CEO) and Adir Gruss (CTO), in 2020, Aim Security is the industry guide to secure GenAI adoption, equipping security leaders with the ability to drive business productivity while providing the right guardrails and ensuring proactive protection for all use cases across the entire organization, whether enterprise use or production use.

Joyned 

An AI platform that empowers consumers to book trips and holidays together-straight from your travel website, Joyned has secured $8Mn in Series A Funding round led by Reach Markets, with participation from Sentor Investments, Velocity Ventures, and Lucerne Investment Partners.

Founded in 2017, Joyned enables customers to book trips, vacations, and holidays together, making the travel booking experience collaborative. It provides a cross-website, live experience for online shoppers, empowering travel sites of all sizes to own their shoppers’ natural social engagements directly on-site.

p0 

p0, a platform where issues in your code are surfaced noiselessly and intelligently has rsised USD 6.5 Million in Seed Funding round. The funding round was led by Lightspeed India and with participation from Alchemy Ventures.

Founded by Kunal Agarwal, and Prakash Sanker, p0 is a platform where issues in your code are surfaced noiselessly and intelligently. p0’s dashboard, inspired by the best in the business, offers developers a swift glance at production breaking issues like platform crashes, data integrity, missing validations, timeout errors, response time, and more.

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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