FB Pixel no scriptDeals in brief: East Ventures invests in Sxored, Shieldbase and Transcelestial raise funding, HeySara enters Hong Kong with ILS acquisition, and more
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Deals in brief: East Ventures invests in Sxored, Shieldbase and Transcelestial raise funding, HeySara enters Hong Kong with ILS acquisition, and more

Written by Sudo Lim Published on   5 mins read

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Bringing you the latest updates on funding deals and activities in the Asia Pacific.

Sxored raises funding from East Ventures to modernize credit analysis in Indonesia

Sxored, a Jakarta-based credit tech startup, has raised an undisclosed amount from East Ventures to advance product development and scale its artificial intelligence-powered credit analysis platform.

Sxored’s solution integrates optical character recognition (OCR), fraud detection, and AI-generated summaries to streamline credit document verification and underwriting. It can reportedly extract data from electronic statements, flag anomalies across more than ten fraud indicators, and support rapid appraisals of property collateral. The platform is designed to reduce manual effort, improve accuracy, and increase scalability for banks, fintech firms, and auditors.

Founded in 2024 by fintech industry veterans, the company is currently running pilot programs with ten financial institutions.

Shieldbase secures funding to unify enterprise AI stacks

Shieldbase AI, a Singapore-based startup developing an enterprise AI operating system, has secured new funding from GenAI Fund and First Move, with participation from Tenity and a group of angel investors.

Shieldbase’s platform connects siloed enterprise systems, data sources, and AI-powered tools into a unified operating layer, described as the “Cursor for the workplace.” It enables organizations to orchestrate AI-driven workflows, improve governance, and accelerate decision-making.

The startup’s modular architecture supports rapid deployment, with early adopters in finance, healthcare, and heavy industry reporting reduced operational costs and faster decisions.

The new funding will support regional expansion in the Asia Pacific and further development of advanced connectors, data synthesis engines, and prebuilt automation templates.

Transcelestial raises funding to expand laser communication tech

Transcelestial, a laser communication tech startup, has raised a new round of investment, bringing its total funding to date to USD 30.7 million. The round was co-led by NTT Finance, the financial arm of Japanese telecom giant NTT Group, and Paspalis Capital, a venture capital firm focused on Northern Australia. Other investors include Golden Egg Ventures, In-Q-Tel, David Wilson (Tyr Ventures), Beyond Earth Technologies, and Non Public.

Transcelestial builds Centauri, a wireless laser communication system that transmits high-speed data between buildings, towers, and poles without fiber cables. The company operates more than 150 kilometers of live laser networks with over two terabytes per second in total capacity and serves more than ten telecom clients globally.

The funding will support deployments in telecom, defense, and space infrastructure in Australia and Japan. In Australia, efforts will focus on laser-based ground-to-drone communications, remote connectivity, and a space gateway. In Japan, the company will work on disaster-resilient networks and secure defense solutions. Plans also include expanding space-based capabilities via a complementary satellite communication network.

HeySara expands into Hong Kong with ILS acquisition

HeySara, a Singapore-based corporate services provider, has acquired ILS, a firm specializing in corporate and fiduciary services across Greater China. ILS was previously part of ILS World.

The deal marks HeySara’s entry into the Hong Kong market and strengthens its presence in Singapore, Malaysia, China, the British Virgin Islands, and the Cayman Islands. ILS operations and client relationships will be integrated into HeySara, which aims to deliver responsive, cross-border corporate services tailored to regional needs.

The acquisition supports HeySara’s broader goal of streamlining multi-jurisdictional business formation and expansion for companies operating across Asia.

FindTheLoan.com raises seed funding to streamline SME lending

FindTheLoan.com, a Singapore-based digital loan platform, has raised seed funding from investors including Mohamed Ishak (Dazzling Xchange) and entrepreneur Alan Li, per e27. The amount was not disclosed.

The platform enables borrowers to apply to multiple lenders through a single interface, offering real-time comparisons of loan offers. By automating the matching process, it aims to eliminate the need for human brokers and reduce inefficiencies in loan origination.

Founded to improve transparency and accountability in Asia’s lending markets, the platform targets underserved small and medium enterprises, as well as individual borrowers seeking faster and fairer access to credit. The new capital will support platform improvements, market expansion, and borrower education through digital content and social outreach.

Recent deals completed in China:

  • Modulus, a tactile sensor developer registered in Shenzhen, has secured an eight-figure RMB sum in an angel round from Dening Capital, with Basin Capital serving as long-term advisor. Founded in 2024, the company focuses on multimodal, multidimensional force tactile sensing and modeling. Its product lineup includes flexible sensors, tactile interfaces for robotics, and pressure distribution systems for industrial and medical use cases. The funds will support product development, market expansion, and team growth. 36Kr
  • Lightstandard, a startup advancing integrated photonic computing chips, has raised funding across two rounds within six months. In December 2024, it closed a round led by Jinqiu Fund, with participation from Rollstone Capital, Langcheng Capital, and Zhongying Capital. In June, the company completed a follow-on round led by Dunhong Capital Management, with additional backing from PDVC’s angel fund of funds, Suzhou Future Industry Angel Fund, Zhangjiang Group, and returning investor Zhongying Capital. Rollstone Capital served as financial advisor. Proceeds will be used to expand R&D and scale commercialization. 36Kr
  • Silicon Intelligence, a generative AI firm, has raised several hundred million RMB in a Series D funding round from the Jiaxing High-tech Zone Industrial Fund. The company plans to direct the funds toward R&D, product rollout, and commercialization. Founded in 2017, its offerings include the DUIX digital human platform, virtual live streaming tools, AI-assisted video production, and smart customer service solutions. Silicon Intelligence has raised more than RMB 1 billion to date, with earlier investors including Tencent, HongShan, CMB International, Qihu Zhongcai, and Oceanpine Capital. 36Kr

Monit, GreenTeams, Rebee, and more made recent headlines:

  • Monit, a Jakarta-based spend management platform, raised USD 2.5 million in a funding round led by Cento Ventures, with participation from Sansan. Existing investors 1982 Ventures and Init 6 also took part.
  • GreenTeams, a climate technology firm headquartered in Singapore with operations across Indonesia, secured an undisclosed amount in a Series A funding round led by the Oriza Greenwillow Technology Fund.
  • Rebee, a health tech startup based in Singapore, raised USD 1.18 million in seed funding to scale its digital physiotherapy solution. The round was backed by Paragon Ventures I, Seeds Capital, 1337 Capital 1, The LAB9, and C-shark SG.

If there are any news or updates you’d like us to feature, get in touch with us at: hello@kr-asia.com.

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