FB Pixel no scriptDeals in brief: Malaysia’s ArmourZero and FeedMe raise funding, Accelerating Asia backs eight startups in 12th cohort, latest China investments, and more
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Deals in brief: Malaysia’s ArmourZero and FeedMe raise funding, Accelerating Asia backs eight startups in 12th cohort, latest China investments, and more

Written by Sudo Lim Published on   6 mins read

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Photo of Tho Kit Hoong (left), founder and CEO of ArmourZero, with angel investor Tunku Syed Razman bin Tunku Syed Idrus Al-Qadri. Photo courtesy of the company.
Bringing you the latest updates on funding deals and activities in the Asia Pacific.

ArmourZero receives backing from new angel investor

ArmourZero, a Malaysia-based cybersecurity company specializing in automated vulnerability management, has secured an undisclosed investment from new angel investor Tunku Syed Razman bin Tunku Syed Idrus Al-Qadri.

Founded to address rising risks posed by artificial intelligence-generated code, which may contain weaknesses vulnerable to exploitation, ArmourZero offers an automated platform that detects, verifies, and guides remediation of software vulnerabilities in real time.

The company will use the new capital for its Asia expansion, including advancement of its technology roadmap and the launch of a solution that enables businesses to automatically discover and remediate API-related vulnerabilities before they lead to costly breaches.

Photo of the ArmourZero team.
Photo of the ArmourZero team, from KrASIA’s archive.

FeedMe raises USD 5 million to build next-generation restaurant OS

FeedMe, a Malaysia-based restaurant software developer, has raised USD 5 million in a round led by Integra Partners, with participation from Cento Ventures.

The company offers an integrated operating system that connects point-of-sale, delivery integrations, payments, invoicing, inventory, human resource management, kitchen display systems, and AI-driven operational tools.

The funding will accelerate its expansion into Thailand, strengthen engineering capabilities, and support the launch of financial services for food business operators.

FeedMe also plans to scale its AI capabilities to help operators forecast demand, optimize inventory, and streamline omnichannel workflows.

Cosmos raises new funding to accelerate semiconductor advances

Cosmos Innovation, a Singapore-headquartered startup, has raised an undisclosed amount in a round led by Eni Next, with participation from Scania Invest, Innovation Endeavors, Xora Innovation, and global tech leaders including Demis Hassabis. Seeds Capital also joined as a new investor.

Cosmos is focused on building Mobius, an AI-powered semiconductor process development platform that enables experimentation and recipe optimization up to ten times faster than traditional methods. The platform supports applications across solar cells, power electronics, advanced packaging, memory, and transistor technologies.

The new capital will be used to double down on R&D, expand customer deployments, and strengthen its global reach.

The Librarian raises USD 2 million to scale AI assistant solution

The Librarian, a Seattle- and Singapore-based AI assistant platform, has raised USD 2 million in a seed round led by Golden Gate Ventures, with participation from angel investors including Jeremy Stoppelman (Yelp) and Twenty Five Ventures. The investment will support product development and expand platform capabilities for global markets.

The startup said its platform delivers an “executive assistant in your pocket” experience by operating directly within messaging apps such as WhatsApp, iMessage, and SMS. It performs tasks across email, calendars, storage tools, project systems, social platforms, and the web, supporting scheduling, research, follow-ups, meeting preparation, and workflow execution.

OneLot raises USD 3.3 million to expand financing for used car dealers

OneLot, a financing platform for used car dealerships in the Philippines, has raised USD 3.3 million in a seed round co-led by Accion Ventures and 468 Capital, with participation from Everywhere Ventures, Seedstars, and existing backers.

The company provides AI-driven underwriting and rapid inventory-secured loans to independent used car dealers, a segment that has been underserved by traditional banks. OneLot said it has issued more than USD 7 million in loans to date, supporting over 150 dealers.

The funding will help expand its dealer network, extend credit to existing partners, and build out its software ecosystem.

Anomaly Bio raises USD 2.6 million to build microbial ingredient manufacturing

Anomaly Bio, a Singapore-based biotech startup engineering microbes into “micro-factories” for ingredient production, has raised USD 2.6 million in a pre-seed round led by Pebblebed Ventures, with participation from Akshay Kothari (Notion), Sean Hunt (Solugen), Eben Bayer (Ecovative), and Mithun Sacheti (CaratLane).

The company develops engineered microbes that convert sugars into high-value inputs for crop protection, nutrition, and personal care, offering a scalable alternative to agricultural supply chains vulnerable to climate and geopolitical disruptions.

The funding will support the establishment of its laboratory and pilot-scale facilities in Singapore and expand its metabolic engineering team.

Photo of Armaan Dhanda (left) and Samyak Baid, co-founders of Anomaly Bio.
Photo of Armaan Dhanda (left) and Samyak Baid, co-founders of Anomaly Bio. Photo courtesy of the company.

GreenFi raises USD 2 million to scale ESG risk platform

GreenFi, a Singapore-based climate tech startup, has raised USD 2 million in a seed round led by Transition VC, with participation from senior banking leaders in Singapore and the Middle East.

The funding will support its global distribution, partnerships, and further development of its sustainability intelligence engine.

The startup specializes in automating ESG risk assessment, emissions reporting, and sustainability due diligence for banks and large enterprises using agentic AI and workflows powered by large language models. GreenFi said the platform can reduce manual reporting from weeks to hours and is used by banks and public institutions across Singapore, India, Europe, and the US.

Accelerating Asia invests in eight startups for 12th cohort

Venture builder and investor Accelerating Asia has announced investments in eight new startups selected for its 12th cohort.

The companies, which are said to already be revenue-generating, span Singapore, Indonesia, India, and Bangladesh. They include Chamak, Biniyog.io, Fineksi, InsureCow, InLustro Learning, Kustodian, Podium, and Wellspring Global.

Photo of participants in Accelerating Asia’s 12th cohort, alongside team members.
Photo of participants in Accelerating Asia’s 12th cohort, alongside team members. Photo source: Accelerating Asia.

SmartHR secures USD 96 million investment from General Atlantic

SmartHR, a Japanese cloud-based HR platform, has received a USD 96 million investment from General Atlantic, which acquired a minority stake from existing shareholder Coral Capital. Coral remains an investor as the company enters its next growth phase.

Founded in 2013, SmartHR offers an integrated suite of tools covering employee records, talent workflows, payroll, attendance, and government compliance. Its platform is used by Japanese enterprises seeking to modernize operations and reduce administrative burdens in a market still early in cloud adoption.

General Atlantic said it will support SmartHR through product development, partnerships, targeted acquisitions, and an enhanced go-to-market strategy.

Matsuri receives investment from Japanese institutional investors

Matsuri Technologies, the Tokyo-based operator of StayX, has secured new backing from three institutional investors through a share transfer arrangement: Asset Management One, Mitsui Sumitomo Trust Asset Management, and existing backer Vertex Ventures SEA & India. No new shares were issued.

StayX helps accommodation providers maximize utilization through software-driven automation. With tourism in Japan on the rise, its platform aims to address labor shortages and growing demand by connecting spaces to guests with minimal operational overhead.

The company plans to deepen its nationwide footprint and advance its technology to support continued growth in hospitality and real estate asset optimization.

Recent deals completed in China:

  • e-Spin, a quantum computing company, has secured a seven-figure RMB sum in seed funding from the science and technology innovation fund managed by Jiaxing’s Nanhu district. The company develops quantum magnetic materials, devices, and computing services built on a technical pathway that incorporates artificial intelligence. The funds will be used to advance its core technologies, strengthen its product stack, and deepen deployment across key application scenarios. 36Kr
  • SenseCare, the medical AI business of SenseTime, has raised a nine-figure RMB sum in a pre-Series A+ round. Investors include Lenovo Capital, NewMargin Ventures, Chord Capital, and Shenran Investment. SenseCare is currently raising its Series A at a reported post-money valuation above RMB 3 billion (USD 420 million), with subscriptions for this round already exceeding RMB 500 million (USD 70 million). 36Kr
  • Tuqiang Aerospace, a developer of satellite-borne synthetic aperture radar (SAR) payloads, has raised an eight-figure RMB sum in an angel round backed solely by TusStar VC. Founded in March, the company focuses on SAR payloads and large spaceborne phased-array antennas for satellite and UAV (unmanned aerial vehicle) remote sensing. The capital will support prototype antenna development, SAR payload validation, and team and facility expansion. 36Kr
  • Yunji Avionic Systems, a developer of integrated avionics systems, has completed an angel round, raising more than RMB 10 million (USD 1.4 million). The round was led by the seed fund of the Beijing Economic–Technological Development Area. Established in 2022, Yunji develops systems that combine navigation, flight control, air data, communications, and other mission-critical functions. The funds will be used to strengthen R&D and expand production capacity. 36Kr
  • KidoAI, a Chinese startup specializing in digital and edtech solutions for children, has closed an extension round of seed funding, completing two seed rounds within three months of its founding. In total, it has raised an eight-figure RMB sum. Shunwei Capital and QF Capital backed the round. KidoAI plans to use the new capital to expand its team, increase R&D spending to grow its product lineup, and move its first batch of products into large-scale manufacturing and market delivery. 36Kr

Grab, Transcelestial, Bioactivx, and more made recent headlines:

  • Grab has agreed to invest USD 60 million in Germany-based Vay Technology, a developer of remote driving systems. The transaction, expected to close in the fourth quarter of 2025 following regulatory approvals, will give Grab a minority equity stake in the company.
  • Transcelestial, a Singapore-based space and communications technology startup, raised an additional USD 9.7 million in its latest round, including new backing from MPower Partners and expanded participation from Seeds Capital and Kickstart Ventures, alongside Japan-based investors NTT Finance, Golden Egg Ventures, and Paspalis Capital.
  • Bioactivx, a Singapore-based biomaterials company developing regenerative implants, raised USD 1.425 million in seed funding, closing the round. The investment was led by Cocoon Capital, with participation from undisclosed global investors.

If there are any news or updates you’d like us to feature, get in touch with us at: [email protected].

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