AppWorks has announced the oversubscribed final close of its Fund III, raising US$150 million. AppWorks said the new fund brings its total assets under management (AUM) to US$212 million, placing it among the largest early-stage venture capital firms in the region including Southeast Asia and Taiwan.
EV is disrupting the automotive industry and its supply chain. It is initially taking place in personal cars and then continues to revolutionize public transportation. This revolution is also opening up the automotive system, which tends to be more proprietary and attracting multiple players to join the game.
The booming of the EV market will come sooner than expected. The latest announcements from the US, EU, and China are heralded by the coming of the EV era. The EU just proposed to ban the sale of petrol and diesel vehicles in the EU from 2035. The US president Joe Biden also announced to accelerate US sales of electric cars and trucks to 50% of all new vehicle purchases by 2030. EV is now impacting the automotive industry.
This year marks the fifth Demo Day: The Innovators event, which has helped startups in Taiwan grow and prosper. This year's event will be held by the NTPC-AWS Joint Innovation Center in association with New Taipei InnoSquare. The two organizations have come together to form what is arguably Taiwan's most significant startup accelerator. A total of 19 teams are showcasing their innovative and commercialized solutions this time, covering five major areas: smart healthcare, smart finance, smart manufacturing, smart education, and smart living to jointly demonstrate the future of Taiwan's new innovative technologies.
Vietnam is expected to be the third biggest startup ecosystem by 2022, according to Golden Gate Ventures. There will be over 300 IPOs in 2030 in Vietnam, nearly three times the number of companies going public in 2020.
Vitaly M Golomb is a technology investment banker with over 20 years of experience on all sides of the table as a venture-backed CEO, venture capitalist, M&A, and financing advisor. Golomb, who hosts a popular podcast on mobility, will be the host of the fireside chats with MIH Alliance CEO Jack Cheng and Monika Mikac, CBO of Barcelona-based QEV Technologies and former COO of Croatian EV startup Rimac Automobili at the "Asia Venturing (II): Tech-Driven Mobility" event to be hosted at 8am Taipei time on August 10, 2021.
Medical artificial intelligence (AI) company Neurobit has announced its completion of angel round today, saying that since the seed round, the Taiwan-based startup has secured over US$1.1 million investment.
Monika Mikac is CBO of Barcelona-based QEV Technologies, and former COO of Croatian EV startup Rimac Automobili. She started her career as a journalist but joined Rimac when the company was only an 8-person team. Mikac witnessed its lean beginning and helped grow the team and business. She is the "superwoman" of the EV world, helping with fundings and investments, establishing business connections and managing marketing operations for QEV and Rimac all these years. She will join MIH Alliance CEO Jack Cheng at the "Asia Venturing (II): Tech-Driven Mobility" event to be hosted at 8am Taipei time on August 10, 2021.
In the past, TV and print media advertisements have always been the first choice of businesses for brand building. However, with the rapid development of the Internet, which has become an integral part of most consumers' lives, there is a trend of shifting marketing budgets to online media. At present, word-of-mouth marketing has moved from early collaboration with bloggers to collaborating with social media influencers. According to statistics, the global market for word-of-mouth marketing will reach US$13.8 billion by 2021, a growth of more than 50% from 2020. In view of this huge business opportunity, Influenxio has selected Instagram with its open format to establish a one-stop micro-influencer matching platform.
In 2011, the World Economic Forum (WEF) pointed out in its Global Risk Report that data was going to become the most valuable resource of the 21st century. According to a report from the International Data Corporation (IDC), global data volume is projected to grow to 163ZB in 2025, showing a tenfold increase from the 16.1ZB in 2016. The massive amount of data in combination with the rise of big data and data surveying tools mean that uncovering business opportunities from enormous data has already become an essential task for businesses looking to increase their competitiveness. Consequently, this has drawn great focus to data platforms, otherwise known as data management platforms.
The development of IoT has accelerated in recent years, and applications can be seen in the manufacturing, retail, and construction industries. Based on current market trends, IoT still needs to overcome certain issues to be further popularized with the key being connection and integration of devices of different brands. The patented proprietary technology "UltronKEY" used in the Ultron IoT platform released by WiFigarden only requires users to scan the QR code on their home appliances by using their smartphones, and the home appliances can instantly connect to the Wi-Fi network in their home. Users can then be able to control different brands of home appliances with a single app on their phones.
Since the outbreak of COVID-19 at the end of 2019, the global economy and people's lives have been greatly affected. Going to banks, hospitals, shopping at supermarkets, religious activities, and other daily activities, for example, all came under restrictions. In addition, onsite exhibitions that used to have large crowds have now almost all turned to the online format, including major international exhibitions such as CES and COMPUTEX. Although there are many online exhibition solutions on the market, they all focus on product exhibits and lack a platform for follow-up business opportunities and communication, relying only on traditional email, text customer service, telephone customer service, and video conferencing. These traditional communication modes lack scheduling design and are unable to provide appointment communication services and interactive functions, which in turn weakens the effectiveness of the online exhibition.
Taiwanese software startup Kdan Mobile raised US$16 million in Series B round from investors from South Korea and Japan, looking to take its cloud-based remote signing solutions DottedSign to South Korea by the end of 2021.