Atomionics, a Singapore-based startup building quantum sensors for navigation and resource exploration, has raised an undisclosed sum in its seed funding round, with participation from investors like SGInnovate. With the new funding, the startup plans to ramp up its hiring process, further enhance its product and deliver it to the market.
Singapore-based SGInnovate has a unique multi-stakeholder business model focused on identifying and funding Deep Tech startups. CEO Dr Lim Jui now plans to increase the group’s activity in advanced manufacturing and “wetware” — drugs and diagnostics — as firms increasingly are able to revert to pre-COVID business plans.
Bot MD has raised US$5 million in Series A round led by Monk's Hill Ventures. Other investors in the round include SeaX Ventures, XA Network and SGInnovate, healthcare industry veterans Lu Yoh-Chie and Jean-Luc Butel, as well as Silicon Valley notable, Steve Blank.
COVID-19 will pave the way for more innovation said Deep Tech experts at a panel in Deep Tech Summit, a conference organised by SGInnovate and held in conjunction with SFF x SWITCH 2020.
Within Infineon’s AI solutions development plan, the company will engage with the semiconductor, electronics and innovation ecosystems in Singapore through collaborations with SGInnovate, local startups, institutes of higher learning and research institutions.
Hsien Hui Tong, Executive Director of Venture Investing at SGInnovate, predicts that the post-pandemic investment flow will be focused on emerging technologies such as AI and BioTech.