ReN3 raises seed funding to scale agentic AI for enterprises
ReN3, a Singapore-based work productivity startup, has raised USD 5 million in a seed funding round led by Vertex Ventures Southeast Asia and India (SEAI).
The company builds artificial intelligence-driven tools for enterprises and government organizations that require accuracy, security, and deployment flexibility. Its platform supports fully air-gapped on-premise, private cloud, and hybrid deployments, and can reportedly process more than 80 file formats. It also enables no-code agents for functions including administration, legal, finance, procurement, and human resources.
ReN3 will use the funding to accelerate go-to-market expansion across Southeast Asia, deepen its channel partner network, and invest in product development. Planned initiatives include its agentic workflow builder and an agent marketplace.
Formas.ai secures pre-seed funding for AI-native architecture tools
Formas.ai, a Singapore-based startup targeting the architecture, engineering, and construction (AEC) sector, has raised USD 3.98 million in an oversubscribed pre-seed round. Vertex Ventures SEAI led the round, with participation from UntroD Capital, Hustle Fund, Big Sky Capital, Orvel Ventures, and angel investors from the technology and AEC sectors.
The company operates a platform that brings sketching, rendering, iteration, and presentation into a single workspace. It focuses on using AI as a design collaborator rather than a standalone rendering tool, orchestrating large models to help preserve creative intent across design workflows.
Formas.ai will use the funds to expand its team, develop its product, and scale its go-to-market efforts globally. The US and Europe are its primary target markets, while Asia and Latin America are emerging areas of interest.
Featherless raises Series A funding for open-source AI infrastructure
Featherless AI, a Singapore-based serverless inference platform for open-source AI models, has raised USD 20 million in Series A funding. AMD Ventures and Airbus Ventures co-led the round, which also included participation from Kickstart Ventures, BMW i Ventures, Panache Ventures, and Wavemaker Ventures.
The company provides infrastructure for running open-weight AI models, positioning itself as a neutral alternative to proprietary compute environments and hyperscaler-controlled ecosystems.
Featherless will use the capital to scale its global infrastructure, launch a dedicated marketplace for specialized open models, and deepen technical integration with different hardware architectures to lower AI inference costs. Its infrastructure is hosted in Europe and the US, supported by a global team.
SiamDL lands funding to expand lending business in Thailand
Siam Digital Lending (SiamDL), a Bangkok-based fintech and lending company, has raised USD 7.8 million in an oversubscribed Series A round. The equity round drew backing from a leading German fund manager, two German family offices, and a Hong Kong-based investment house.
Licensed by the Bank of Thailand for small and personal loans, SiamDL operates digital apps through which customers can apply for loans. It has reported more than THB 3 billion in applied loans through its platform since launch.
The company will use the capital to expand its AI-driven lending business. It said its system can analyze thousands of factors to build customer credit profiles, with the aim of improving underwriting accuracy, reducing approval times, and broadening access to credit for individuals and entrepreneurs in Thailand.
SiamDL said the funding will help it lower operating costs and scale access to financing.
Cata raises seed funding for branded commerce apps
Cata, a Singapore-based consumer app platform for F&B and retail operators, has raised USD 5.3 million in seed funding less than a year after launch. The oversubscribed round was led by Portage, with participation from White Star Capital, 468 Capital, FoodLabs, FJ Labs, Rally Cap, and Iterative.
The company supports businesses in launching and managing branded apps that integrate mobile ordering, payments, loyalty programs, promotions, and customer relationship management. Its pitch is to give small and midsize operators capabilities that it said have typically been associated with global chains and delivery aggregators.
Cata will use the funds for product development, with a focus on AI-driven capabilities, and to support global expansion. Germany is its first new market, where it is already working with several brands.
Amplicity raises seed funding to activate backup batteries
Amplicity, a Singapore-based energy asset optimizer for industrial sites and data centers, has raised USD 1 million in seed funding. The round was led by a group of angel investors, with global energy firm Engie remaining on the company’s cap table.
The company helps operators turn backup battery systems, including uninterruptible power supply systems that typically sit idle, into active energy assets. Its control layer allows these systems to reduce on-site electricity costs through peak management while generating recurring revenue from energy markets, without compromising backup readiness.
Amplicity will use the funds to deploy its first commercial projects in Singapore and build on early momentum in Australia. Both markets are said to be contending with rising energy costs, grid volatility, and mounting pressure to meet Scope 2 emissions commitments.
Recent deals completed in China:
- Cosmoleap, a rocket developer, has completed a RMB 500 million (USD 73.1 million) financing round. The round was co-led by QHFZ Capital Management, Huge Capital, and Puhua Capital, with participation from Legend Capital, Goldport Capital, Huifengda, Junchuan Capital, Shachuang Technology, Zhongzhong Science and Technology, Innovator Capital, New Access, Shanghai Angel Group, and Shenhou Cable. Some existing shareholders also increased their stakes. Founded in February 2024, Cosmoleap is developing “chopstick” recovery technology for launch vehicles. It will use the funds to accelerate the development and first flight of Leap-1, which it describes as China’s first tower-style recovery launch vehicle, as well as R&D and testing of a 100-ton-class liquid oxygen-methane engine. —36Kr
- Tianshi Kefeng, a solid-state battery materials company, has completed an eight-figure RMB pre-Series A round. The round was led by Oriza Seed, with participation from Icon Group. The company will use the funds for product R&D and the rollout of a 100-ton-class production line. Tianshi Kefeng has built a ton-scale production line and expects to bring the larger line online in 2026. —36Kr
- Worthy Aerotech, an aviation technology company, has completed an eight-figure RMB seed round backed solely by Minyin International. The company develops aircraft platforms, core components, and related products, with a focus on hydrogen-driven hybrid electric vertical takeoff and landing aircraft. It will use the capital for technology R&D, team expansion, validation test flights, airworthiness certification work, commercial rollout, and market expansion. —36Kr
- BIBO, a smart chassis maker, has completed a Series B+ round exceeding RMB 700 million (USD 102.3 million). The round was led by a Zhejiang new energy vehicle industry fund, with joint investment from Shunchuang Investment Management, a Hangzhou-based direct investment fund, and others. The financing brings BIBO’s total Series B funding to more than RMB 1 billion (USD 146.2 million). The company will use the proceeds to scale existing products and develop next-generation offerings. —36Kr
Cube, PvX Partners, Pudu Robotics, and others made recent headlines:
- Cube, an e-commerce data intelligence startup, raised USD 3.7 million in a Series A round led by Betatron Venture Group, with participation from M Venture Partners and angel investors.
- PvX Partners, a financial services platform focused on cohort financing for consumer applications, raised USD 10.5 million in a Series A round led by T-Accelerate Capital, with participation from Z Venture Capital and Drive by DraftKings. Existing investors, including Play Ventures and General Catalyst, also joined the round.
- Pudu Robotics, an embodied intelligence company, raised nearly USD 150 million in a new round, lifting its valuation above USD 1.5 billion. Investor details were not disclosed.
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Note: RMB figures are converted to USD at rates of RMB 6.84 = USD 1 based on estimates as of May 5, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.