Security tech firm Oneberry bags USD 21.7 million to expand presence in Southeast Asia

The company’s first round of external funding comes from private equity firms in Malaysia and Singapore.

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The high-tech security and surveillance solutions provider Oneberry has raised SGD 30 million (USD 21.7 million) in a Series A funding round, the company announced today.

The two only investors in the security company’s first round of external funding were the Singapore-headquartered private equity firm CMIA Capital Partners and the Malaysia-based Bintang Capital Partners.

Founded in 20o3 in Singapore, with a presence in Thailand, Indonesia, and the Philippines, Oneberry offers a range of automated security and surveillance solutions, including robots, smart cameras, and cyber-security software to address shortages in manpower in the security and surveillance industry.

The fresh fund will be used to deepen Oneberry’s research and development and accelerate its growth.

Specifically, the company will increase the variety of its product offerings and will seek to expand its presence into the Southeast Asia market, as well as into new sectors such as commercial, residential, industrial, and retail.

The security and surveillance industry is traditionally a labor-intensive market, and Oneberry’s technologies are proving to be transformative.

The company’s smart cameras were used in the historic Donald Trump-Kim Jong-un meeting in Singapore in 2018. Its security robots were also deployed to the Interpol World Conference held in Singapore in July this year.

Across the region, cybersecurity is recognized as one of the top tech areas of focus of 2019, according to a survey conducted by CIO Academy Asia. Oneberry said it has plans to increase funding for research in this area.