Scale AI said on Tuesday it had raised $1 billion in a late-stage funding round led by venture capital firm Accel with participation from tech giants Nvidia, Amazon, and Meta, valuing the AI data startup at nearly $14 billion. Top tech companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and… Continue reading Scale AI valued at $14b following funding from Amazon, Meta, others
Author: Deal Street Asia Online News
India Digest: KKR invests in Infinx; ThinKuvate launches fund; Rare Rabbit funding roundKKR’s investment will help accelerate Infinx’s growth, expand …
Global investment firm KKR-managed fund picked a majority stake in healthcare revenue solutions provider Infinx while Singapore-based angel investment network ThinKuvate has launched its India fund. Separately, men’s apparel and fashion brand Rare Rabbit is closing its maiden institutional funding round. KKR invests in Infinx Global investment firm KKR’s managed fund has signed a deal… Continue reading India Digest: KKR invests in Infinx; ThinKuvate launches fund; Rare Rabbit funding roundKKR’s investment will help accelerate Infinx’s growth, expand …
Carlyle Group raises $2.8b for its largest Japan-focused buyout fund
US investment giant Carlyle Group said on Tuesday it had raised 430 billion yen ($2.8 billion) for its fifth Japan buyout fund, its largest investment vehicle for Japan. Strong demand and backing from domestic and global investors helped it raise nearly 70% more than its previous fund, Carlyle said in a statement, adding that it… Continue reading Carlyle Group raises $2.8b for its largest Japan-focused buyout fund
India Digest: Dutch Triodos invests in Varthana; Humors Tech raises funding
Varthana, a non-banking finance company (NBFC) focused on the education sector, has secured about $3 million in funding from Dutch investor Triodos while healthtech startup Humors Tech has closed its pre-seed funding round. Triodos invests $3m in Varthana Varthana, a non-banking finance company (NBFC) focused on the education sector, has secured about $3 million (Rs… Continue reading India Digest: Dutch Triodos invests in Varthana; Humors Tech raises funding
People Digest: LeapFrog strengthens climate team; Eastspring names new Malaysia chief
LeapFrog Investments has appointed Souleymane Ba as co-head of climate strategy, while Eastspring Investments has named Yap Siok Hoon as CEO of its Malaysia unit. LeapFrog names Souleymane Ba as co-head of climate LeapFrog Investments has strengthened its climate team with the appointment of Souleymane Ba as partner and co-head of its climate strategy. Souleymane… Continue reading People Digest: LeapFrog strengthens climate team; Eastspring names new Malaysia chief
Value creation takes centre stage as Asian GPs focus on long-term growth amid slowdownAsian PE funds are approaching the region from a more sector-foc…
“Value-add” is a term often used as a selling point by Asian fund managers, but how many are actually equipped to deliver it? It’s a question that has become more pertinent as they grapple with inflationary fuel and labour pressures, volatile emerging market currencies, and an overall slower growth environment. Go to Source
PropertyGuru returns to the red in Q1 after two profitable quarters
Southeast Asian proptech firm PropertyGuru, which had reported a net profit in Q3 and Q4 2023, returned back to the red in the first quarter of 2024. However, it reduced its net losses year-on-year and posted higher revenues in the March quarter. According to US-listed PropertyGuru’s latest filings, the firm cut its net losses by… Continue reading PropertyGuru returns to the red in Q1 after two profitable quarters
US trade commission probing complaint that VinFast violated ArcelorMittal’s patent
The US International Trade Commission said Monday it is investigating a complaint filed by ArcelorMittal that Vietnamese automaker VinFast violated its patents related to high-strength aluminium and aluminium alloy-coated steel in imported vehicles. ArcelorMittal in April filed a complaint with the ITC and also filed suit against VinFast in US District Court in California, accusing the automaker… Continue reading US trade commission probing complaint that VinFast violated ArcelorMittal’s patent
US auto safety investigators probing VinFast crash in California that killed four
US auto safety investigators said on Monday they have launched an investigation into the April crash of a VinFast VF 8 electric vehicle in Pleasanton, California, in which a family of four died. The National Highway Traffic Safety Administration said the investigation will probe the April 24 crash circumstances and the ensuing fire. A complaint… Continue reading US auto safety investigators probing VinFast crash in California that killed four
Data Vantage: Hello Health, Lazada, CNV, Pine Labs and UangCermat in focus
This web version of the DATA VANTAGE twice-weekly premium newsletter is available only to our premium subscribers. Unlock access by picking up any of our premium subscription plans. Start your deal-making journey now! Subscribe now to enjoy unlimited access at just $59. Premium coverage on private equity, venture capital, and startups in Asia. Exclusive scoops… Continue reading Data Vantage: Hello Health, Lazada, CNV, Pine Labs and UangCermat in focus