Data Vantage | Augmentus, See-Mode, SourceSage and more raise new capital

Edition #324, 9 November 2023

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Augmentus, a Singapore-based developer of no-code robotics software, has raised fresh capital worth [redacted] in a Series A funding round led by US-based [redacted] and Singapore-based [redacted].

The company plans to use the fundraising proceeds to fund business expansion in the United States, Europe, and wider Asian regions. This expansion aims to address the growing demand from customers in various sectors, including welding, surface treatment, and finishing procedures.

Established in 2019 by Daryl Lim, Voon Foo Chong, and Yong Shin Leong, the platform developed by Augmentus incorporates 3D cameras and artificial intelligence to capture spatial data and creates an optimal route for robotic movement.

Singapore-based healthtech firm [redacted] raised $2.5 million Series A funding from MassMutual Ventures and Cocoon Capital, pushing its total funding to date to $10.5 million, our data shows.

Established in 2017 by Mohammadzadeh and Sadaf Monajemi, See-Mode employs artificial intelligence, computer vision, and computational modelling techniques to enhance the evaluation of commonly gathered medical images like ultrasound, CT, and MRI scans.

In March, See-Mode formed a partnership with Clear Medical Imaging, a top Canadian radiology services provider. This alliance enables See-Mode to launch its vascular imaging product, followed by breast and thyroid imaging within the same year.

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Other updates from DATA VANTAGE

Japan’s Sumitomo Life Insurance has topped up its investment in Singaporean insurance firm Singlife by investing $133 million last week, our data shows. Singlife said in a statement that the investment raised Sumitomo Life’s stake to 27%.

B2B online marketplace [redacted], which was founded in 2015 in Singapore, has allotted new preference worth $3.3 million to existing shareholders, pushing the company’s total paid-up capital to date to $4.8 million. Singapore-based investment firm iGlobe Partners received the largest allotment, valued at $2.3 million.

Filipino fintech firm [redacted] has allotted new shares worth $1 million to existing shareholders. Previously in March, the company announced a $16 million fundraise led by Do Ventures and Lendable.

Singapore-based healthtech firm [redacted] secured $1 million of funding from SEEDS Capital last week as part of a new funding round that is expected to collect up to $8.5 million. The company develops an obstetric remote monitoring system to track maternal and foetal parameters.

Indonesian healthtech firm [redacted] has allotted new shares worth $500,000 to three existing shareholders, East Ventures, Revata Utama and PT Lestari Cakrawala Investama. The company has raised $2.8 million to date.

Malaysian eSports outfit [redacted] has raised $500,000 from GameFi publishing platform [redacted] and Hong Kong-based [redacted], bringing its total funding to date to over $3 million, our data shows.

[Redacted], a Singapore-based company that provides revenue platforms for independent hotels, managed to grow its revenue by 256% last year as the travel industry recovered from the impact of the global pandemic.

In a sign of improving business performance, Singapore-based fintech lending firm [redacted] saw its total revenue up by 91% year-on-year in 2022. The company’s bottom line, however, remained relatively unchanged.

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