Quick, we’ve got quantum on the list

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Hello reader,

Quantum computing seems to me like a magic trick I can’t quite explain – I know something remarkable is happening beneath the surface, but the mechanics defy intuition. Beyond that, I think the fact that it can unlock exponential problem-solving power is genuinely cool, especially considering that we’ve buried Moore’s Law a long time ago.

While we’re probably still quite far away from the consumer applications of quantum computing, any advancement or support for its development – such as funding for a quantum computing firm – is something I’ll always be excited to see. Who knows? Maybe we can use it to unlock some truly unprecedented shareholder value in the future.

You can find all other important investment deals from the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals that have recently taken place.

— Jonathan

The biggest deals by country

🇨🇳 Spirit AI is a Chinese firm that builds vision-language-action models for robots. It has secured US$145 million through its latest funding round, with investments from Shunwei Capital, YF Capital, Galaxy Yuanhui Investment, and Fortune Capital, among others.

🇰🇷 Based in South Korea, Mobilint provides high-performance AI chips that power on-device and on-premise AI. It has raised US$49 million in series C money from Company K Partners, Posco Investment, and Praxis Capital Partners.

🇮🇩 Green SM Indonesia is an electric vehicle taxi operator based in Indonesia. It has signed a five-year US$35.3 million investment loan agreement with Bank Central Asia.

🇮🇱 Q-Factor is a quantum computing firm based in Israel, which is located in West Asia. It has scored US$24 million in seed funding from Deep33, Intel Capital, Korea Investment Partners, Matias Family, NFX, and TPY Capital.

🇸🇬 Atlas is an AI startup headquartered in Singapore. It has secured US$6 million in seed capital from Accel Partners and Stellaris Venture Partners.

Here’s the complete list of this week’s funding chart: 46 deals worth over US$699 million.

Startups that are raising funds

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