Stryv raises USD 11.5 million in Series B funding
Stryv, a personal care and home wellness brand owned by Evo Commerce, has raised USD 11.5 million in a Series B funding round led by ACV Capital, with participation from Openspace Capital, Octave Capital, and other undisclosed investors.
The company will use the funds to enter the Taiwan market, strengthen its presence in Malaysia and Hong Kong, and expand its product portfolio through R&D and acquisitions.
Stryv, which sells hair dryers, styling tools, shavers, and other personal care products, has been expanding into home appliances. In March, it acquired Singapore-based Sterra, gaining access to its customer base and expertise in home wellness products.
Following the acquisition, Stryv launched its Oasis massage chair and Halo air purifier in September. It expects to complete the remaining stages of Sterra’s brand integration over the coming months.
Stryv also plans to acquire brands with complementary products and established market positions to support its expansion across the Asia Pacific.
Ailytics secures USD 7.4 million in Series A funding
Ailytics, a Singapore-based artificial intelligence startup, has raised USD 7.4 million in a Series A round led by Tin Men Capital. Seeds Capital, part of SG Growth Capital, and Japan’s Safie participated alongside a major Japanese construction company, family offices, and returning investors.
The round follows a USD 2.7 million pre-Series A investment led by Tin Men Capital in April 2024. Ailytics develops computer vision software that analyzes footage from existing industrial CCTV systems to identify safety risks, monitor compliance, and improve operational efficiency.
In a statement, Ailytics said it will use the funding to expand into the US, Japan, Australia, and the Gulf, targeting industries including manufacturing, logistics, oil and gas, maritime, and mining. It also plans to develop specialized AI models for industrial applications.
The investment from Safie follows a memorandum of understanding signed between the two companies in April earlier this year and is expected to support Ailytics’ expansion into Japan.
Genie Health raises USD 3 million in seed funding
Genie Health, a Singapore-based health technology company, has raised USD 3 million in seed funding led by the Nadathur Family Office. Liminal, a venture building studio backed by Temasek, participated alongside two individual healthcare investors.
The company is developing a health intelligence platform designed to help individuals understand fragmented medical information while supporting healthcare providers with patient engagement and care management.
Its consumer-facing Genie app consolidates health records, laboratory reports, wearable data, and other information into a digital repository called Health Locker. The platform uses AI to generate personalized insights and help users interpret their health information.
For healthcare providers, Genie SmartCare uses AI agents to manage patient engagement, appointment scheduling, and follow-ups. It also combines historical health records and wearable data to give care teams a more comprehensive view of individual patients.
The funding will support AI development, wider adoption of Genie SmartCare among clinics, and expansion of the company’s product, engineering, and healthcare teams in Singapore. Anand Nadathur, principal of the Nadathur Family Office, will join Genie Health’s board.
Zero Industries raises USD 3 million in pre-seed funding
Zero Industries, a space technology startup with operations in Japan, has raised USD 3 million in pre-seed funding led by Maezawa Fund. UntroD Capital Japan, NOW, Midtown, and individual investors also participated.
Founded in March this year, the company is developing space-based power infrastructure, beginning with Helios, a proposed service that would use lasers to transmit electricity between satellites.
The system comprises three components: Helios Beam, which would generate solar power in orbit and transmit it using lasers; Helios Cell, a receiving module installed on customers’ satellites; and Helios Grid, a platform designed to coordinate power transmission and monitor electricity delivery.
The technology is intended to reduce satellites’ reliance on onboard solar panels and batteries, potentially freeing up spacecraft capacity for observation equipment, computing, and propulsion systems.
Zero Industries plans to conduct ground-based demonstrations through spring 2027, including kilometer-scale laser transmission tests. It aims to demonstrate power transmission between satellites in 2030, followed by commercial deployment. The company is also conducting joint research with Japan’s Graduate School for the Creation of New Photonics Industries to validate the technology.
Indonesia’s BBP secures investment from Circulate Capital
Bumi Baru Plastik (BBP), an Indonesian plastics recycling company, has secured an investment from Circulate Capital to expand its industrial recycling operations. The investment amount was not disclosed.
The transaction, made through BBP’s Singapore-based holding company, New Earth Plastic, marks Circulate Capital’s sixth investment in Indonesia.
Founded in 2022, BBP recycles polypropylene and polyethylene from post-consumer and industrial waste, including discarded automotive components, packaging, and manufacturing scrap. It processes the recovered plastics into compounds designed to meet the technical requirements of automotive, electronics, and industrial manufacturers.
The new capital will support a fivefold increase in processing capacity over the next two years and the consolidation of operations at its Jonggol facility in West Java. BBP also plans to improve wastewater treatment, establish downstream manufacturing lines, and expand its domestic waste collection network.
Anthropic files for proposed US IPO
Anthropic, the AI company behind Claude, has filed a registration statement with the US Securities and Exchange Commission (SEC) for a proposed IPO of its Class A common stock.
In an October 26 announcement, Anthropic said it intends to list its shares on the Nasdaq Global Select Market under the proposed ticker symbol ANT.
The company has yet to determine the number of shares to be offered or the proposed price range. Goldman Sachs and Morgan Stanley were named as institutions from which prospective investors can obtain the preliminary prospectus when it becomes available.
Openspace leads Omnichat’s USD 10 million Series A round
Omnichat, a Hong Kong-based marketing and customer engagement platform, has raised USD 10 million in a Series A round led by Openspace Capital, with participation from Darwin Ventures and Acorn Pacific Ventures.
The company plans to use the funds to develop its AI agent platform, expand R&D, and accelerate its growth beyond existing markets in Asia Pacific.
Omnichat uses AI agents to help clients automate marketing, sales, and customer service tasks, including campaign creation, product recommendations, order processing, and responses to customer inquiries.
Omnichat’s platform integrates customer interactions across messaging channels including WhatsApp, Line, Facebook Messenger, Instagram, WeChat, KakaoTalk, and TikTok. It also tracks links between customer conversations and sales, including purchases made in physical stores.
Recent deals in mainland China:
- Ruiqi Space, a Suzhou-based satellite remote sensing company, has raised more than RMB 100 million (USD 15 million) in an angel plus round led by Dongwu Innovation, with participation from Suzhou Capital Group, Torch Electron, Qianrong Capital, and Jolmo Capital. The round follows a RMB 220 million (USD 32.9 million) angel investment, bringing its cumulative funding to nearly RMB 350 million (USD 52.4 million). Founded in March, Ruiqi Space develops AI-powered satellite systems and remote sensing intelligence services. It will use the funds for satellite development and launches, ground infrastructure, and initial commercial deliveries. The company plans to launch its first experimental optical AI satellites by the end of 2026. —36Kr
- Jiuhe Frontier, a Beijing-based metal additive manufacturing company, has secured an eight-figure RMB sum in a pre-Series A+ round funded exclusively by a Zhuzhou-based industry fund. Founded in 2024, the company develops specialized metal materials and 3D-printed components for aerospace, nuclear fusion, low-altitude aviation, and robotics applications. Its technology combines alloy design with manufacturing process optimization to improve component performance and precision. The company said it has completed product validation with commercial space customers and become an exclusive supplier of selected components to several companies in the sector. —36Kr
- Wuwai Zhiqu, a Shanghai-based startup, has raised an eight-figure RMB sum in an angel round backed by Boray Capital, angel investor Gao Bingqiang, and Peak Patience Capital. Founded in February, the company is developing wearable AI-powered devices to support early childhood learning for children aged between three to eight years old. Its first product is expected to use a multimodal AI agent, a system capable of processing different types of input, to interpret children’s everyday interactions and provide learning assistance based on context. The funding will support product R&D, tech development, and expansion of its team. —36Kr
- DAO Smart Energy, a Hefei-based virtual power plant operator, has completed a nine-figure RMB financing round backed by two Hefei-registered venture investment funds. Founded in 2021, the company operates a platform that aggregates distributed energy resources, including solar installations, energy storage systems, and charging facilities, for electricity trading and energy management. The funding will support product R&D, development of AI models for energy applications, regional expansion, and selected investments in energy assets. —36Kr
- Ridge Technology, a Beijing-based developer of AI software for materials R&D, has completed an eight-figure RMB angel round led by Zhongguancun Capital, with participation from ZGC Science City. The company develops AI-powered tools for materials simulation, performance prediction, and R&D for research institutions and industrial customers. Its Archeos platform uses multiple AI agents to combine literature research, materials design, computational simulation, and data analysis into a single workflow. Its applications include advanced ceramics, alloys, and new energy materials. The company is also pursuing another funding round. —36Kr
Salmon, Salary Hero, Drylab, and others made recent headlines:
- Salmon Group, a fintech company that operates a banking and lending platform in the Philippines, secured USD 140 million in financing to expand its lending operations and introduce new financial products.
- Salary Hero, a Thailand-based platform that provides employees with early access to earned wages, raised USD 7.6 million in a Series A round led by Cento Ventures. The financing included USD 6 million in new equity, with participation from Kairous Capital and M Venture Partners.
- Drylab AI, a Singapore-based startup developing autonomous AI agents for life sciences research, raised USD 3 million in a seed round led by Vertex Ventures Southeast Asia & India (SEAI), with participation from PatSnap.
If you have news or updates you’d like us to feature, contact us at [email protected].
Note: RMB figures are converted to USD at rates of RMB 6.68 = USD 1 based on estimates as of October 27, 2026, unless otherwise stated. USD conversions are approximate and, where appropriate, rounded for ease of reference. They may not fully match prevailing exchange rates.