North Korea hacked nearly $400M in cryptocurrency last year 

North Korean hackers launched at least seven attacks on cryptocurrency platforms last year to steal almost $400 million worth of digital assets, according to a report by blockchain analysis firm Chainalysis.  “From 2020 to 2021, the number of North Korean-linked hacks jumped from four to seven, and the value extracted from these hacks grew by […]

AIMMO bags $12M Series A to advance data labeling technology  

Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Data labeling is a critical part of automating artificial intelligence and machine learning model, but at the same time, it can be time-consuming and tedious work. A Korean startup called AIMMO, which uses software and humans to label and […]

SK Hynix gets China approval to take over Intel’s NAND business 

South Korean chipmaker SK Hynix said on Wednesday it has received merger clearance from the Chinese antitrust authority for its $9 billion acquisition of Intel Corp’s NAND and SSD (solid-state drive) business, clearing the final hurdle to completion of securing regulatory approval in eight jurisdictions.  Last October, the U.S. chip giant and SK Hynix reached the […]

Kurly lands $210M pre-IPO at a $3.3B valuation months after its last funding

Just half a year after its last Series F round announcement, Korean online grocery startup Kurly has closed $210 million in a pre-IPO round from single backer Anchor Equity Partners, a Hong Kong-based private equity firm.  The latest funding brings its total raised to approximately $761 million and values the company at $3.3 billion.   The Seoul-based startup that […]

Cylus raises $30M Series B to help protect trains and metros worldwide

As rail systems undergo a digital revolution and become far more connected and advanced, railway operators face a rapidly growing threat landscape. To combat this, railway companies demand more robust cyber solutions and lawmakers across the globe call for more effective cybersecurity regulations. Cylus, a Tel Aviv-based rail cybersecurity startup, built a cybersecurity solution, CylusOne, […]

Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million. The […]

Indonesian fintech Flip secures $48M in Series B to support expansion

Flip, an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The funding brings Flip’s total capital raised to $65million.  Sequoia Capital India, Insight Partners and Insignia Ventures Partners co-led the Series B round. Flip is Insight Partners’ first investment in Indonesia.  The startup plans to […]

TamatemGames raises $11M Series B led by PUBG maker Krafton

Jordan-based mobile game publisher TamatemGames announced today it has raised $11 million in a Series B led by KRAFTON, a South Korean game developer behind PUBG, marking its first investment in the Middle East and North Africa (MENA). Venture Souq, Endeavor Catalyst and existing investors also participated in the round.  The Series B round brings its total […]

Kakao Mobility picks up additional $55M funding at over $4.2B valuation 

Kakao Mobility, the South Korea-based mobility as a service (MaaS) startup behind Kakao T, a ride-hailing app, said it has raised an additional $55 million (65 billion won) from strategic investor GS Retail. This brings its total raised to about $941.4 million (1.11 trillion won) and values it at more than $4.2 billion, a spokesperson […]

Korea’s P2P lending startup PeopleFund gets $63.4M Series C led by Bain Capital

South Korea-based peer-to-peer (P2P) lending platform PeopleFund announced today it has closed a $63.4 million (75.9 billion won) Series C round led by Bain Capital with participation from Goldman Sachs. Returning investors in the round include CLSA Lending Ark Asia and 500 Global. The latest funding brings the total raised by PeopleFund to about $83.6 […]