BlackRock-backed commodities exchange startup Abaxx raises cash
ABAXX Technologies, a financial technology startup founded by a former Goldman Sachs Group commodity strategist, is raising fresh equity as it prepares...
EV startup Fisker to raise up to US$150 million, pauses production
FISKER said on Monday (Mar 18) it would pause production of its electric vehicles for six weeks and raise up to US$150...
Localisation and niche markets: How Singapore’s AI startups can stay competitive
SINGAPORE’S artificial intelligence (AI) startups can hold their own against larger international players if they focus on niche markets and aim to...
Talent shortage a hurdle for Singapore’s AI startups as demand spreads across industries
ARTIFICIAL intelligence (AI) talent is hot property and local startups are struggling to snag enough of it. Industry players said hiring competition...
UCars lays off staff, replaces CEO after being served legal notice for debts
BARELY five years after it started in mid-2019, a car portal set up to challenge incumbent sgCarMart is skidding towards an uncertain...
Venture capital: Lessons from the dot-com days
THE NASDAQ 100 index hit rock bottom during intra-day trading on Oct 10, 2002, down 77 per cent from its all-time high...
Cash returns still ‘elusive’ for VC, PE investors in SEA startups: report
WHILE venture capital deals in South-east Asia trebled between 2015 and 2021, exits have been hard to come by, challenging both investors...
Rocket explodes moments after Japan space startup’s launch
SPACE One, a Japanese startup backed by Canon, failed to send its first rocket to space, a major setback in efforts to...
Volvo invests in, taps Breathe Battery tech for 30% faster EV charging
VOLVO Cars has invested in UK startup Breathe Battery Technologies and will use its battery software to cut charging time for its...
Elon Musk takes another swing at OpenAI, makes xAI’s Grok chatbot open-source
ELON Musk said on Monday (Mar 11) his artificial intelligence startup xAI would open-source its ChatGPT challenger “Grok” this week, days after...