Singapore firm Qosmosys leaves space for questions about seed round

Welcome to On the Rise! Delivered every Tuesday via email and through the Tech in Asia website, this free newsletter breaks down the biggest stories and trends in emerging tech. If you’re not a subscriber, get access by registering here.

Hello there,

Nothing ever really gets deleted on the internet, the saying goes. This is probably true, but just because something is online, that doesn’t mean it’s easy to find – or that you can even get to it.

Sometimes what you are looking for is buried in pages of search results. Sometimes it’s behind a paywall or it’s in a different language.

A good example of this comes from our first Big Story this week. Miguel takes a look at Qosmosys, a Singapore-based spacetech firm, which announced raising a US$100 million in seed funding last October.

It’s why we went out of our way to look at registry data and secure an interview with the founder of Qosmosys.

As someone who is always looking for information online, this problem is often on my mind. So when inRiskable CEO Megan Chau told me that her company had developed software that could search the open internet for a subject, process all the results using AI, and give me a report that cuts out all the crap, I had to see it.

She ran a report on a company name I gave her and about five minutes later, I had a report that included data I had never seen before. You can read about how Chau’s company does that in our second Big Story.

In AI Odyssey, we also take a look at recent reports suggesting that AI is struggling to find a home with major corporations. Is the recent AI boom really just a bust? Or is the technology slow in developing?

But first, let’s get into our Big Stories.

— Scott

THE BIG STORIES

1️⃣ A look at the Singapore space startup said to have raised $100m in seed money

Image credit: Made by Tech in Asia using Midjourney

Qosmosys, a Singapore-based spacetech firm with the ambition of going to the moon, made waves when it announced raising a massive US$100 million seed round in October last year via what it called a “unique and protective funding model.”

AI ODYSSEY

NEWS YOU SHOULD KNOW

FYI