FB Pixel no scriptDeals in brief: Tin Men Capital leads USD 2.7 million investment in Ailytics, LinkAja and Hyoshii Farm secure funding, 16 China and India deals, and more | KrASIA

Deals in brief: Tin Men Capital leads USD 2.7 million investment in Ailytics, LinkAja and Hyoshii Farm secure funding, 16 China and India deals, and more

Written by KrASIA Writers Published on   5 mins read

Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Tin Men Capital leads USD 2.7 million pre-Series A investment in Ailytics

Ailytics, a provider of artificial intelligence-powered video analytics solutions for operational safety and productivity, has secured USD 2.7 million in an oversubscribed pre-Series A funding round. The investment was led by Tin Men Capital.

Founded in 2021, Ailytics has developed a proprietary solution that taps into existing cameras to provide real-time actionable insights related to safety, security, and productivity. Its technology enables 3D analytics using a 2D video feed from cameras, facilitating the deployment of complex use cases such as calculating danger zones under heavy load and estimating fixed radii around hazardous equipment. The company said that this solution is viable even with low-resolution cameras and in harsh environments.

LinkAja secures investment from Mitsui & Co.

LinkAja, an Indonesian digital payment platform, has secured an undisclosed amount of investment from Mitsui & Co.

According to a statement by LinkAja, this milestone marks the inaugural investment by a global entity in the company. LinkAja added that this tie-up will allow its ecosystem to explore collaborations with Mitsui, concurrently fostering the development of the latter’s digital finance business.

Photo courtesy of LinkAja.

Hyoshii Farm raises pre-seed funding from angel investors

Hyoshii Farm, a tech-enabled agriculture company, has raised an undisclosed amount of pre-seed funding from a consortium of angel investors, comprising private conglomerates from various industries. The founders also took part in the round, making independent investments.

According to DailySocial, Hyoshii Farm will use the newly raised capital to further develop its production facilities, including the construction of a greenhouse, and invest in R&D.

Recent deals completed in China:

  • Boya RealScene Technologies, a Beijing-based intelligent video solutions provider, has secured a nine-figure RMB sum in a Series A funding round led by JZ Capital. 36Kr
  • Guangyan Technology, a Hangzhou-based developer of automatic wafer defect inspection systems, has raised an eight-figure RMB sum in a pre-Series A round of financing. The round was jointly led by Shenzhen HTI Group and Haitong-Fortis Fund. The funds will be used for the R&D of equipment tailored for detection of defects in 300-millimeter silicon wafers, and the cultivation of talent. 36Kr
  • Haiqian Semiconductor, a Hangzhou-based producer of silicon carbide epitaxial wafers, has completed a Series A funding round, with investor details remaining undisclosed. Haiqian will utilize the funds to ramp up its production capacity. 36Kr
  • Core Control (Coctrl), a Hangzhou-based provider of integrated solutions for smart manufacturing companies, has secured nearly RMB 100 million (USD 13.8 million) in a Series B funding round. Ally Capital led this investment, with participation from Yima Capital (Hundsun Technologies). 36Kr
  • SynMetabio, a Shanghai-based biotechnology company specializing in cultivated leather, has closed a pre-Series A round of financing, bagging an eight-figure RMB sum. Star Capital led the round, with participation from Linear Capital, Danen Capital, and MiraclePlus. The funds will primarily be used for the construction of the first phase of SynMetabio’s factory in Changzhou, capacity building, and commercialization. 36Kr
  • Matwings Technology, a company specializing in AI-enhanced protein design, has raised an eight-figure RMB sum in a pre-Series A funding round. GSR United Capital led this round, with participation from 3E Bioventures, Morning Spring Venture, and Sichuan Jiaoyan Private Equity Fund Management. 36Kr
  • Yiliang Sci-tech, a Shenzhen-headquartered insurtech company, has announced the completion of a pre-A funding round, netting an eight-figure RMB sum. The investor details were not disclosed. The funds will be mainly used to strengthen the company’s technology R&D, expand market development efforts, optimize systems, and promote insurtech innovation. 36Kr
  • KansenBio, a Beijing-based synthetic biology company, has secured an eight-figure RMB sum in an extended angel funding round. China Merchants Venture led this round, with participation from Casstar, CJL Holdings, TusStar VC, and other institutional investors. The funds will be allocated toward R&D and the construction of industry demonstration production lines. 36Kr
  • Smorobot, a Beijing-headquartered developer of cleaning robots, has announced the conclusion of its Series A funding round. The round was jointly led by CWB Capital and the Zhixing No. 1 Fund, with participation from Hofan Capital and existing shareholder K2VC. 36Kr
  • Luxic Technology, a supplier of high-performance semiconductor products for the optoelectronics industry, has announced the completion of its second funding round for 2024, banking an eight-figure RMB sum. The investors include Chaos Investment, KIP, the Guangzhou Industrial Investment and Capital Operation Holding Group, Shanghai Sci-tech Innovation Center Capital, 37 Interactive Entertainment, Guangzhou Finance Holdings, Wanlian Securities, and Transcend Venture. 36Kr
  • SiEngine Technology, a developer of advanced chips for automotives, has banked a nine-figure RMB sum in a Series B funding round led by the second phase of China State-owned Enterprise Structural Adjustment Fund, with participation from Shenzhen Co-Stone Asset Management and other institutions. 36Kr

Latest deals in India:

  • Aviotron Aerospace, the operator of AeroBay, an experiential learning platform for young students, has raised USD 600,000 from Enrission India Capital as part of its pre-Series A funding round. The company will utilize the funds to expand its footprint in India. —Inc42
  • Bambrew, a sustainable packaging solutions provider, has secured USD 7.2 million in a Series A funding round led by Blume Ventures. The round also saw participation from Blue Ashva Capital, Mumbai Angels, Indus Capital, along with angel investors Sreevathsa (Servify), Mandeep (Cashify), and RK Narayan (Horizon Industrial Parks). —VCCircle
  • SydeLabs, a cybersecurity startup specializing in AI-based risk management, has raised USD 2.5 million in a seed funding round led by RTP Global. The round also saw participation from Picus Capital and angel investors. —VCCircle
  • Sindhuja Microcredit, a Noida-headquartered microfinance institution, has raised USD 14.5 million in a Series C funding round from Huruma Fund (Gawa Capital) and Oikocredit. —VCCircle
  • KreditBee, a digital lending platform, has raised USD 9.4 million in an extended Series D funding round. The round was led by Wiseanya and saw participation from Premji Invest, Motilal Oswal Private Equity, Mirae Asset, MUFG Bank, and NewQuest Capital. —Entrackr

Qoala, StealthMole, Applecrumby, and more led last Thursday’s headlines:

  • Qoala, an Indonesia-based insurtech startup, completed its Series C funding round, securing USD 47 million. The round was jointly led by PayPal Ventures and MassMutual Ventures, with support from MUFG Innovation Partners, Ohana Holdings, as well as existing investors Flourish Ventures, Eurazeo, and AppWorks.
  • StealthMole, a startup specializing in dark web data intelligence, netted USD 7 million in a Series A funding round led by Korea Investment Partners (KIP), with participation from the Hibiscus Fund and Smilegate Investment. The Hibiscus Fund is a joint venture between RHL Ventures, Pejana Kapital, and KB Investment.
  • Applecrumby, a Malaysia-based baby care brand and e-commerce platform, secured USD 4.2 million from 500 Global to support its global expansion.

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