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Hello reader,
Generative AI is all the rage right now, isn’t it? Do you use it in your work?
I think the possibilities are pretty cool. I’m particularly interested in image generation tools like Midjourney, mainly because I’m a text-based person with no graphic design or illustration skills to bring some of my ideas to life.
(Note that these aren’t necessarily high-brow, life-changing ideas. Sometimes I just wanna make a new meme.)
Anyway, a couple of AI companies are featured in the top five funded firms this week. Read on to find out more.
Image credit: Timmy Loen
You can find all other important investment deals that happened over the last few days in our weekly funding news wrap-up.
Let’s dive into the biggest deals and M&As that recently took place.
The biggest deals by country
🇨🇳 MiniMax is a Chinese AI company. It received US$250 million in strategic investment from Tencent Investment.
🇸🇬 HealthifyMe, a Singapore-based health and fitness app, secured US$30 million in bridge funding from Blume Ventures, Chiratae Ventures, and Finnfund, among others.
🇲🇾 Malaysian firm PolicyStreet equips consumers with insurance knowledge and provides firms with insightful customer data. It raised US$15.3 million in series B money from Altara Ventures, Gobi Partners, Khazanah Nasional Berhad, and Spiral Ventures.
M&As
Startups that are raising funds
Killer pitch decks
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