Vietnam-based technology firm FPT Corporation, through FPT Software Japan Co., Ltd. (FPT), has signed a memorandum of understanding (MOU) with the Vietnam National Innovation Center (NIC) and Konica Minolta, Inc. (Konica Minolta) to jointly explore digital healthcare solutions through the integration of Dynamic Digital Radiography (DDR) and artificial intelligence (AI). FPT said in a statement on last Friday that this initiative will leverage expertise across sectors to improve public health...

Cirrus Therapeutics, an United Kingdom-based ocular immunology-focused biotech, announced Wednesday the close of an $11 million seed financing to advance its pipeline of gene and cell therapies aimed at improving quality of life and extending the ocular healthspan of patients with chronic blinding diseases. The round was led by ClavystBio, with participation from Polaris Partners and SEEDS, Cirrus Therapeutics said in a statement. Cirrus will use the proceeds from the seed financing to...

UltraGreen.ai (UltraGreen), a Singapore-based fluorescence-guided surgical technologies and precision healthcare solutions provider, announced Monday the signing of a $188 million strategic investment led by 65 Equity Partners (65EP) and Vitruvian Partners (Vitruvian). UltraGreen said in a statement that the round also saw participation from August Global Partners (August). It noted the investment reflects strong confidence in UltraGreen’s artificial intelligence (AI)-powered surgical...

TVM Capital Healthcare, a global private equity investor and operator specialized in healthcare growth capital across emerging markets, announced Wednesday the first closing of its $150 million TVM Healthcare Southeast Asia Fund (SEA Fund). The firm said in a statement that the SEA Fund is the third generation of TVM Capital Healthcare funds and builds on the firm’s nearly 40 years of global healthcare investment and operator experience, including over 15 years of scaling healthcare...

Singapore-based insurtech bolttech has partnered with Harmony Auto, a Chinese automotive distributor, to launch an insurance solutions designed exclusively for BYD electric vehicle (EV) owners through Harmony Auto’s distribution channels in Indonesia. Bolttech said in statement on Wednesday that the launch in Indonesia marks an expansion of Harmony Auto and bolttech’s ongoing collaboration, building on their successful partnerships in Singapore and Hong Kong. This initiative...

AI can transform nearly every industry, including the health care sector. It can be used to enhance diagnostics, personalize treatment plans, aid in drug discovery, and provide patient support. These things are especially critical in the Asia-Pacific (APAC) region, where AI has the potential to revolutionize health care delivery, disease management, and medication development. Despite its promise, AI faces several challenges regarding its use in APAC health care systems. Barriers exist in...

Malaysia-headquartered Wellous Sdn Bhd, owner of health brand Wellous, has signed a memorandum of understanding (MoU) with Korea Ginseng Corporation (KGC) to explore joint commercial models and market development for the Jung Kwan Jang brand across selected Asian markets. Jung Kwan Jang, South Korea’s No. 1 red ginseng brand under KGC, is a century-old label that combines heritage cultivation with modern innovation. In a statement, Wellous said the collaboration covers consumer...

Waterhub, an Indonesian startup providing clean, affordable drinking water through filtration systems, has secured an undisclosed amount in funding to scale its operations across Indonesia. The round was led by Archipelago VC, with participation from The Radical Fund, Waterhub said in a statement on Monday. The funds raised will be used to ramp up machine production, expand the team, and fuel research and development (R&D), especially in further refining its filtration technology and...

Markets in Asia Pacific (APAC) are rapidly gaining ground as credible innovation hubs amid the reshaping of global biotech strategies, driven by geopolitical tensions and significant US research funding cuts, a new report revealed on Thursday. According to the report from Bain & Company, developed in partnership with the Agency for Science, Technology and Research (A*STAR), the Singapore Economic Development Board (EDB), J.P. Morgan and SG Growth Capital, several APAC governments have...

New data released by global verification provider Sumsub, revealed that healthtech and fintech sectors are the most exposed to the new wave of artificial intelligence (AI)- powered fraud in Asia Pacific (APAC). The firm said in a statement on Thursday that APAC digital ecosystems continue to undergo explosive growth, some of the fastest-growing sectors are becoming prime targets for increasingly sophisticated fraud. According to the statement, healthtech recorded the sharpest year-on-year...

ClavystBio, a life sciences investor and venture builder established by Temasek, and the Agency for Science, Technology and Research (A*STAR), Singapore’s lead public sector research and development (R&D) agency, have signed a memorandum of understanding (MoU) to create and grow MedTech ventures in Singapore. ClavystBio said in a statement on Tuesday that this partnership will support venture creation, product development, and commercialization by bringing together ClavystBio and...

Allay Therapeutics, a clinical-stage biotechnology company, announced last Thursday the completion of a $57.5 million Series D financing round with leading global investors. The firm said in a statement that Lightstone Ventures and Temasek-backed ClavystBio co-led the Series D financing with participation by existing investors NEA, Arboretum Ventures, Vertex Growth, Vertex Ventures Healthcare, and Brandon Capital. New investors joining the round were IPD Capital, EDBI and SGInnovate, and...