Elevarm, an Indonesian agritech company, has raised $4.25 million in pre-Series A financing led by Intudo, with participation from existing investors Insignia Ventures Partners and 500 Global. Elevarm said in a statement on Thursday that the funds will be used to build artificial intelligence (AI)-powered farmer productivity tools, expand seed varieties, and develop new agri-input products that enhance soil health, promote biodiversity, and strengthen crops. With the new funding, the firm...

Swiss specialty chemicals company Sika has acquired Elmich Pte Ltd, a leading supplier of urban greening systems headquartered in Singapore. Sika said in a statement on Monday that the acquisition complements its roofing portfolio in the region and strengthens its specification business for commercial and residential projects. With this acquisition, Sika is gaining a new platform for growth in the Asia/Pacific region. Sika will be able to leverage Elmich’s specification approach...