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Igloo, a startup developing tech-driven products in the Insurance space, has raised $19 million in Series B round. Led by Cathay Innovation, the round also
Known as hotbeds of innovation and research, IOT startups such as Technocracy and Umitron pioneer smart home solutions in Southeast Asia.
While most unicorns in Southeast Asia are in Singapore and Indonesia, new unicorns in other countries like Thailand and Malaysia are emerging.
Backed by Temasek Holdings, Singapore-based e-commerce startups Zilingo and Shopback seek to raise at least $150M each to reach unicorn status.
Among the leading VCs in the Artificial Intelligence (AI) space in Southeast Asia include 500 Startups, East Ventures and SGInnovate.
Backed by VC firms such as Gobi Partners and Temasek Holdings, the growing FoodTech space is set to transform the future of food development.
