Latest News


Latest News

Latest News

Find out more about the latest companies we invested in as well as the latest initiatives and events by Singtel Innov8 right here in this section.

Jakarta, 21 April 2021 ─ Halodoc, an Indonesia-based healthtech startup, announced today that it has raised US$80 million in funding, led by new investor, PT Astra Digital Internasional, a subsidiary of PT Astra International Tbk (Astra). Other new investors in the financing round include Temasek, Telkomsel’s TMI, Novo Holdings, Acrew Diversify Capital Fund, and Bangkok Bank. UOB Venture Management, Singtel Innov8, BliBli, Allianz X, Openspace Ventures, and other existing investors also participated.

This is the third major funding round for Halodoc since its establishment in 2016. The funds raised will be used to deepen Halodoc’s penetration in key healthcare verticals across Indonesia, improving patient experiences with technology-based solutions for the country’s most pressing healthcare problems. Despite Indonesia being the world’s fourth most populous country with a population of more than 260 million spread across some 17,000 islands, access to healthcare is still limited for the majority of the population. Halodoc has expanded their appointment service during the pandemic to help Indonesian's book COVID-19 tests and vaccinations. Halodoc was also the first to roll out their drive-thru COVID-19 testing nationwide and become the most prominent operating provider in Indonesia. Recently, with Halodoc's proven track record, the Ministry of Health also appointed Halodoc to help roll out Indonesia's national vaccination program. Halodoc vaccinated over 50,000 citizens across two islands in the first 23 days of the vaccination program, making it one of the country's leading vaccination facilitators.

Jonathan Sudharta, Halodoc CEO, said: “Halodoc has grown to be Indonesia’s leading healthtech provider. Today, we provide over 20 million users with convenient and reliable healthcare services monthly. We are also proud to be at the forefront of Indonesia's fight against COVID-19. The Halodoc technology that powers our Appointment system pre-pandemic is now being used to provide a safe and efficient patient journey for COVID-19 testing and vaccinations. We are excited to extend our vision, and we appreciate the continued support given to us by our investors, industry partners, and patients we serve across the country.”

About Halodoc

Halodoc is an online-based integrated health application that provides complete and reliable health solutions to meet the users’ health needs. Halodoc application is equipped with three main features, which are Health Store a service that can help users in buying supplements, vitamins and drugs along with doctor's prescription quickly, safely & comfortably from 4,000+ trusted pharmacy partners; Chat with Doctor, a service that facilitates users to directly interacting with 20,000+ complete doctors selections through voice calls, video calls or chat; and Appointment, where users can book appointments in 2,000+ partner hospitals/labs/clinics, and schedule for walk in or drive thru COVID-19 Testing and Vaccinations.

Halodoc has received several International recognitions: In 2019 and 2020 Halodoc was listed as the one and only healthtech startup from SEA in CB Insights’ Digital Health 150; while in 2018, Halodoc received “The Most Innovative Start Up” award from Galen Growth Asia and hand-picked by Forbes Indonesia as its “Choice Start Up” for the year.

Three satellite launches and the new Developer Toolkit to accelerate customer adoption of Myriota technology worldwide and herald in a new era of affordable connectivity for the global IoT industry

Australia, 23 March 2021 – Myriota, the world leader in secure, low-cost and long battery life satellite connectivity for the Internet of Things (IoT), today announced the availability of commercial IoT services in the United States and Canada, with the first of three new nanosatellites launching on Rocket Lab’s ‘They Go Up So Fast’ mission.

Weighing less than seven kilograms and the size of a loaf of bread, the nanosatellites will deliver an improved, second-generation Myriota Network which will be open to customers in the US and Canada for the first time.

The service launch is accompanied by a new Myriota Developer Toolkit, which provides developers with the tools needed to unlock their industry’s full potential, thanks to Myriota IoT connectivity. Myriota’s first-generation network is already delivering millions of messages in Australia and New Zealand and connecting critical industries like environmental monitoring, agriculture and mining. Myriota Certified commercially available products include Goanna Ag’srain gauge and water tank level monitor – GoRain and GoTank, Yabby’s dam level monitor – the Yabby Floating Level Sensor – and the Yabby Level Sensor and Rain Gauge.

Myriota has attracted over AU$50 million venture capital from investors including MainSequence Ventures and Hostplus, as well as US-based Boeing HorizonX Ventures, In-Q-Tel, and Singtel Innov8. The launch of Myriota’s American and Canadian services follows the acquisition of select satellites and ground stations from exactEarth Ltd. (TSE: XCT) in April 2020.

“The launch of our second-generation network ushers in a new era for the global IoT sector – one where data from devices is accessible anywhere on the planet in a secure and affordable manner,” said Dr David Haley, Myriota CTO and co-founder.

Myriota Certified devices developed by our customers are already in the hands of end users and are revolutionising their industries. With our second-generation platform they will now be able to send more messages and larger amounts of data each day.” “We are very excited to be launching our commercial service in the US and Canada. This expansion puts us in pole position in the race to provide connectivity everywhere to support a global IoT market that is expected to triple in size to more than 25.4 billion devices by 2030."

“We are very excited to be launching our commercial service in the US and Canada. This expansion puts us in pole position in the race to provide connectivity everywhere to support a global IoT market that is expected to triple in size to more than 25.4 billion devices by 2030. “As the first network of our kind to be supporting commercially available products, we have already demonstrated the power of our unique direct-to-orbit technologies to transform the IoT sector. We see huge potential to help our customers develop and bring new IoT driven solutions to the American and Canadian markets." - Dr David Haley, Myriota CTO and co-founder

Myriota’s second-generation network will:
  • Reduce latency and enable faster transfer of data between assets located anywhere on Earth and Myriota’s constellation.
  • Increase uplink capacity on the network, allowing customers to send larger amounts of data from devices each day.
  • Increase downlink capacity on the network, enhancing Myriota cloud-to-device communications capabilities including existing over-the-air updates.
  • Support the activation of commercial network services in the United States and Canada.

The launch with Rocket Lab is the first for Myriota in 2021, with two further launches planned.

The second-generation Developer Toolkit allows engineers and developers to add affordable, secure, extensive battery life IoT connectivity to their products by integrating the Myriota Module into their devices. The Myriota Module costs US$50 each, lasts for over 10 years on standard AA batteries, and can send messages for a few cents each.

The new toolkit has a larger, user-friendly enclosure which provides engineers with a greater scope for experimentation and innovation. It includes essential hardware components that enable developers to prototype, test and deploy devices for in-field use across the most environmentally demanding and remote locations. It can be used as a developer platform for the Myriota Module, or to fast track the design and implementation of Myriota enabled solutions across industries including utilities, transport and logistics, supply chain, agriculture, environmental, mining and defence.

Myriota Certified commercially available products have been launched by the following businesses, with many more due to be announced in the coming months:
  • Goanna Ag: GoRain, an automatic rain gauge, and GoTank, a water tank level monitor
  • Yabby: Yabby Floating Level Sensor, a dam level monitor and Yabby Level Sensor and Rain Gauge, a dual tank level monitor and automatic rain gauge
  • Zepiro: D2O (Direct-to-Orbit), a satellite telemetry solution that provides connectivity fora range of sensors including water quality, soil and advanced weather stations
  • Myriota: Myriota Sense&Locate, an IoT development acceleration product for tracking and monitoring applications, available for white labeling. The Myriota Developer Toolkit, an IoT device that provides developers with the tools needed to unlock their industry full potential through remote IoT connectivity.

The Myriota Developer Toolkit costs US$600 and is available for purchase here:

About Myriota

In a world first, Myriota has pioneered a new way to retrieve data from anywhere on earth, either on land or at sea. Leveraging years of customer focused R&D and an extensive suite of patented innovations, Myriota delivers secure, long battery life connectivity. Everywhere. Always. For more information, visit

Singapore, 22 October 2020 – NCS has entered into an agreement to acquire 2359 Media, a regional digital services consultancy focused on ideating and building innovative digital products and platforms. This acquisition will enhance NCS’ capabilities in agile development, design thinking, and cloud native application development, complementing its NEXT service offerings in digital, cloud, platforms and cybersecurity.

2359 Media which will become part of NCS NEXT digital arm, is an award-winning Singapore-based digital services consultancy with presence in Southeast Asia. Founded in 2009, the company has a reputation for its agile development processes and specialises in leveraging cloud-based technologies to develop custom-built mobile apps, platforms and websites. Driven by a culture of innovation, 2359 Media often co-creates with its clients across diverse sectors such as financial services, media, healthcare and retail to build impactful cloud and mobility solutions.

Mr Ng Kuo Pin, CEO, NCS said, “We aspire to be a trusted digital transformation partner for governments and enterprises in the Asia Pacific region. With COVID-19 driving greater demand for digital services from both our public and commercial sector clients, this acquisition signifies NCS’ commitment to assemble the right mix of capabilities and to grow a bigger community of digital specialists to make an impact in the market. By leveraging on the strengths of 2359 Media in creating innovative mobile apps and solutions, we are in an even stronger position to help our clients accelerate their digital transformation agendas through experience design and purposeful adoption of digital technologies.”

The combination of 2359 Media with NCS NEXT’s digital capabilities and strengths in large-scale application and infrastructure implementations, will offer clients access to an expanded range of digital services from design thinking, rapid prototyping, cloud native application development, to creation of innovative digital solutions.

According to Research and Markets, the global digital transformation market is expected to grow at a compound annual growth rate of 22.5% from 2020 to 2027, to reach USD1,392.91 billion by 2027, with the Asia Pacific region accounting for USD 379.95 billion in 2027.

Mr Wong Hong Ting, CEO & Founder of 2359 Media said, “We are excited by NCS’ strategy and plans to grow their digital services footprint across Asia Pacific. Joining NCS NEXT presents a strategic opportunity for us to drive acceleration of digital solutions across a variety of industries. We started our company with the purpose of transforming the way people live and work through innovative application of digital technologies. With the backing of NCS’ resources and NCS NEXT services teams, we can create lasting impact and deeper changes with clients in Singapore and the region.”

The completion of the acquisition is subject to fulfilment of closing conditions.

Singapore, 12 March 2020 – ShopBack, Asia Pacific’s leading rewards and discovery platform, today announced that it has completed an extended round led by Temasek, with participation from existing investors including Rakuten, EDBI, EV Growth, Cornerstone Ventures, and 33 Capital. This brings ShopBack’s total investment round to US$75m.

The extended funding will be deployed into enhancing ShopBack’s technology infrastructure, expanding data capabilities to unlock new business insights, and driving growth in its existing markets. The company has raised a total of US$113M since its founding in 2014.

Currently serving more than 19 million users in seven Asia Pacific markets, ShopBack rewards its users with cashback across a wide range of categories including general merchandise, travel bookings, fashion, health and beauty, groceries, and food delivery.

In Singapore, the company has also extended its service offering with ShopBack GO, an app- based rewards platform for in-store shopping, dining, and entertainment.

Contributing to the growth of Asia Pacific Internet economy

The Asia Pacific Internet economy is on track to hit US$300B by 2025 as online shopping increasingly becomes part and parcel of consumers’ daily lives. In 2019, ShopBack saw a 250% year-on-year (YoY) growth in sales and orders, powered over 16 million monthly orders, and delivered more than US$2B sales for over 2,500 merchant partners.

ShopBack’s three research and development hubs in Singapore, Taiwan, and Vietnam together house a team of over 150 engineering, data and product management talents. The company is one of the region’s pioneers in app-to-app integration and the first online rewards player to provide a seamless, native app experience to its users.

“As the frontrunner in the rewards space, ShopBack is in a great position to capture an outsized portion of the online shopping boom,” said Henry Chan, CEO and Co-Founder of ShopBack. “Product innovation and customer focus are at the core of ShopBack, and we are proud to have transformed the rewards industry by providing users with a simple and seamless way to save while shopping. With the new funding, we will develop new features to help our users save even more money and time by making smarter buying decisions.”

Taking top spot within Asia Pacific and beyond

ShopBack expanded into Australia in end-2018, offering users cashback on purchases from retailers including Woolworths, Cotton On, and eBay Australia. The company’s mobile-first strategy successfully propelled ShopBack Australia into pole position within 18 months from launch; today, ShopBack serves over a million users in Australia.

“Our quick ascent to market leadership in Australia goes to show that we have plugged the gap in the local rewards space. Australian shoppers are receptive to the idea of earning cashback to save money on their purchases, and this has put us on a fast growth trajectory,” said Angus Muffet, ShopBack Country Manager, Australia.

About Shopback

ShopBack is leading the wave of smarter shopping in Asia Pacific with a one-stop lifestyle platform that powers smarter purchase decisions. A premier player with an established presence in Singapore, Malaysia, Indonesia, the Philippines, Thailand, Taiwan and Australia, ShopBack has been working with leading e-commerce merchants since 2014, rewarding consumers with cashback whenever they shop via ShopBack. For more information, visit

Seattle & Santa Clara, Calif, 19 Dec 2019 – F5 Networks, Inc. (NASDAQ: FFIV) and Shape Security today announced a definitive agreement under which F5 will acquire all issued and outstanding shares of the privately held Shape for a total enterprise value of approximately $1 billion in cash, subject to certain adjustments.

Shape protects the largest banks, airlines, retailers, and government agencies with sophisticated bot, fraud, and abuse defense. In particular, Shape defends against credential stuffing attacks, where cybercriminals use stolen passwords from third-party data breaches to take over other online accounts. Shape has built an advanced platform, utilizing artificial intelligence and machine learning, supported by powerful cloud-based analytics to protect against attacks that bypass other security and fraud controls.

This acquisition brings together F5’s expertise in protecting applications across multi-cloud environments with Shape’s fraud and abuse prevention capabilities to transform application security. Together F5 and Shape offer organizations comprehensive, end-to-end application security, potentially saving billions of dollars lost to fraud, reputational damage, and costly disruptions to critical online services.

Shape’s application protection platform evaluates the data flow from the user into the application and leverages highly sophisticated cloud-based analytics to discern good traffic from bad. With F5’s location in the data flow of traffic in over 80% of Fortune 500 application infrastructures, F5 provides the ideal insertion point for Shape’s security services. Together F5 and Shape will dramatically reduce the time and resources needed for organizations to deploy world-class online fraud and abuse protection.

“We know from the companies we work with that applications are critical to running their business. To drive maximum business value and the best experiences for their customers, these apps need to perform flawlessly while protecting data security and user privacy. When a website or application experience is degraded by web fraud and abuse, the result is lost revenue, lost brand equity, and customers jumping ship to the competition,” said F5 President and CEO, François Locoh-Donou.

“With Shape, we will deliver end-to-end application protection, which means revenue generating, brand-anchoring applications are protected from the point at which they are created through to the point where consumers interact with them—from code to customer,” continued Locoh-Donou. “Beyond opening a fast-growing $4 billion adjacent market, Shape’s machine learning and AI-powered capabilities will scale and extend F5’s broad portfolio of application services and expand our ability to optimize and protect customers’ applications in an increasingly complex multi-cloud world.”

“Since Shape’s inception, we observed a consistent pattern in customer after customer: the use of F5 technology to deliver and enable their applications,” said Derek Smith, co-founder and CEO of Shape. “Now, we look forward to the opportunity to deeply integrate into F5’s platform for application delivery and security—F5 provides the optimum traffic flow insertion point for Shape’s industry-leading online fraud and abuse prevention solutions. This, combined with F5’s global go-to-market scale, means we can jointly protect significantly more customers’ applications and users from sophisticated attacks and malicious traffic.”

Upon closing of the acquisition, Derek Smith, and the leadership team will join F5 in key management roles. Shape will remain located in their current Santa Clara headquarters.

Transaction Details

The acquisition of Shape is consistent with F5’s vision to build the best end-to-end multi-cloud application services company. It accelerates F5’s product and total revenue growth; speeds F5’s transition to a software- and SaaS-driven business model; and is expected to meaningfully increase F5’s software subscription mix in fiscal year 2020.

F5 expects to achieve breakeven non-GAAP EPS within 24 months of closing the acquisition and anticipates that the combination will be accretive to free cash flow per share within 12 months of closing. F5 expects to fund the transaction through cash on its balance sheet and $400 million in a Senior Unsecured Term Loan A.

The acquisition has been approved by the boards of directors of both F5 and Shape. The acquisition is subject to regulatory approvals and other customary closing conditions. The transaction is expected to close in the first calendar quarter of 2020.

About Shape

Shape, based in Santa Clara, CA, invented the world’s first botwall in 2011. Today, Shape defends the world’s largest enterprises from all types of fraud against their online applications, including more than half of all online banking in North America. Shape’s fraud prevention platform detects and blocks up to 1 billion fraudulent or unwanted transactions daily, while keeping 200 million legitimate human logins and other interactions safe. Shape provides omnichannel protection for web applications, mobile applications and API interfaces; the company’s mobile SDK is deployed on more than 200 million iOS and Android devices worldwide. The company has been recognized as a World Economic Forum Technology Pioneer, as a CB Insights AI 100 company, and in the Deloitte Technology Fast 500™ as fastest-growing company in Silicon Valley and the third-fastest growing company in the U.S. To learn more, visit

Singapore, 3 Dec 2019 – Singapore-headquartered FinAccel, a financial technology company that enables Indonesian consumers to buy online and pay later under the brand Kredivo, has raised US$90m in a Series C equity funding round to expand in Indonesia and the region. The round was jointly led by Asia Growth Fund (a joint venture between Mirae Asset and Naver) and Square Peg. This funding round brings the total capital raised by the company in 2019 alone to more than US$200m, across both debt and equity, with the debt being provided by a consortium of lenders including banks and credit funds.

This funding round, which has already closed, will further propel the tremendous momentum that the company has enjoyed in the past years, with a presence at the checkout of most of the top Indonesian ecommerce merchants and transaction value growing at >300% per annum accompanied by bank-like risk metrics. FinAccel plans to use the funds to double down on growth in the region, hire talent, and expand its range of financial services dedicated to creating a generation of financially savvy customers in Indonesia and the rest of Southeast Asia. Other investors participating in the over-subscribed Series C fundraise include Singtel Innov8, TMI (Telkomsel Indonesia), Cathay Innovation, Kejora Intervest, Mirae Asset Securities, Reinventure, DST Partners and others.

Commenting on the transaction, Akshay Garg, CEO of FinAccel, said “We are very excited to have Mirae Asset and Naver join our growth journey. These highly entrepreneurial companies bring deep domain expertise in financial services and consumer internet, Kredivo sits at the intersection of both areas. Additionally, we are very pleased that our incoming investors share in our vision of building a wide set of financial services that are fast, affordable and accessible for millions of customers in the region.”

Jikwang Chung, Managing Director of Mirae Asset Capital, the strategic investment arm of Mirae Asset, said, “FinAccel is an exceptional company, one that combines a strong technology DNA with top-tier risk management and a bold vision of financial inclusion. Today, we are witnessing the rapid advancement of technology-led disruption of financial services and we see FinAccel as one of the leading companies in this area.”

Tushar Roy, Partner at Square Peg, said, “We have been really impressed with the team’s progress since we invested last year, and it was an easy decision to support strongly again. It is rare to find such a strongly values-led and culture-focused company in the region that is also experiencing tremendous growth while improving the financial services ecosystem.”

Since inception just over 3 years ago, FinAccel has evaluated more than 3 million applications, disbursed nearly 30 million loans and created one of the largest credit based payment platforms for ecommerce in Indonesia. Aligned with the Indonesian government’s goals around increasing access to financial services for the country’s vast and fast growing middle class, FinAccel aims to serve 10 million users in the next few years through Kredivo and other financial services. Near-term plans include the rollout of low-interest education, healthcare and Shariah loans and partnerships with banks for joint product development.

Redpeak Advisers acted as the exclusive financial adviser to the company for the Series C equity transaction.

About FinAccel
FinAccel is a financial technology company focused on making financial services fast, affordable and accessible for the under-banked population of Southeast Asia. Kredivo, whose technology platform is exclusively powered by FinAccel, is the leading digital credit platform in Indonesia that gives customers instant credit financing for ecommerce purchases and personal loans at competitive interest rates. Kredivo’s merchant partners benefit from instant point-of-sale financing and high settlement rates, powered by Kredivo’s proprietary checkout that takes as little as 0 clicks to settle a transaction. The company is backed by leading venture capital firms and corporate investors such as Mirae Asset, Naver, Square Peg, Jungle Ventures, OpenSpace Ventures, Telkom Indonesia, Singtel and GMO, among others. To know more about FinAccel and Kredivo, visit and

About Asia Growth Fund
Mirae Asset-Naver Asia Growth Fund (“AGF”) is a joint venture fund between Mirae Asset Financial Group and Naver Corporation. Mirae Asset is a leading financial group in Korea with wide coverage throughout the globe while Naver is the largest internet company in Korea and also the controlling shareholder of LINE. AGF is an Asia dedicated growth capital fund and focuses on companies in the growth stage that can lead technology enabled disruption in the region.
New York, November 7, 2019 – AiCure, recognized as one of the world’s 100 most innovative artificial intelligence companies, announced a Series C fundraising round totaling $24.5 million. The financing was led by Palisades Growth Capital (PGC) with new investors from Singtel Innov8 (Innov8), Asahi Kasei Corporation, Accelmed Growth Partners, and SpringRock Ventures. Participants in this round included all prior institutional investors, including Baird Capital, New Leaf Venture Partners, the Pritzker Group, Biomatics Capital, Tribeca VenturePartners, and Silicon Valley Bank (SVB). The investment will accelerate commercial, engineering, and research and development activities in order to advance research-grade data insights for life science companies.

“Since starting AiCure in 2010, we have been focused on developing AI-driven insights – to see, hear and understand how people respond to treatment,” said Adam Hanina, CEO of AiCure. “We are delighted by the Series C and our new partners at PGC with new investors from Innov8, Asahi, Accelmed Growth Partners, and SpringRock. This is further validation of our precipitous growth, scientific integrity, and our commitment to improving patients’ health worldwide and our responsiveness to the market needs of our global clients in the life sciences.”

“We are delighted to lead an investment in AiCure – a true growth leader that is able to help the pharmaceutical industry develop better medications,” said Jeff Anderson, a Partner at PGC. “AiCure is at the forefront of therapeutic intelligence, assisted by an extensive clinical evidence base, and rooted in an enviable intellectual property portfolio.”

Prior to raising institutional capital, AiCure was able to make substantial technical and commercial progress due to $7 million in National Institutes of Health (NIH) funding. With the closing of this round of financing, AiCure has raised nearly $52 million to date, with $12.25 million in its Series A in 2016 and $15 million in its Series B financing round in 2017.

About AiCure
AiCure uses artificial intelligence to see, hear and understand how people respond to treatment across clinical trials and patient care. Clinically proven to accurately measure and modify patient behavior, AiCure’s technologies keep patients engaged and optimized to treatment, as well as assess treatment effectiveness.

Founded in 2010 and funded by the National Institutes of Health (NIH) and leading institutional investors, AiCure has more than 100 patents filed and works with global clients in over 25 countries. AiCure is globally recognized and a recipient of the Scrip Award, AI 100, and Digital Health 150. For more information, please visit and follow us @AiCureMed.

About Palisades Growth Capital (PGC)
Palisades Growth Capital is a Los Angeles-based private equity fund which makes growth stage investments into leading B2B expansion stage software and technology-enabled companies. The fund seeks to partner with exceptional entrepreneurs where we can work closely with management to help companies grow, scale operations and build a winning team and culture. For more information, please visit

New York – 21 August 2019 – DemystData, the largest external data marketplace, has closed $12.5 million in growth capital. The investment round was co-led by MissionOG and Notion Capital with participation from Singtel Innov8. The company plans to use the funding to further accelerate its data onboarding, invest in data platform development, and grow its product and client teams.

Demyst launched its API based external data platform in 2018, and has seen rapid adoption by data teams at financial institutions who are deploying better growth, risk, and compliance workflows. The current market for information services is estimated to be $50 billion, with big data adoption at enterprises rising from 17% in 2015 to 59% in 2019, and growing at a CAGR of 36%.

After onboarding a rich data partner ecosystem and generating high value around proven use cases for lighthouse accounts, DemystData has been experiencing rapid growth. “This is an exciting time for us. Data demand is growing from AI, digitization, and faster innovation cycles. Clients are rapidly adopting platforms to meet data compliance needs, support testing, and eliminate the friction from the external data”, said Mark Hookey, founder and CEO, “Over the past 12 months we have doubled ARR, tripled our data access, and tripled our client base.”

Michael Heller, executive chairman and MissionOG operating partner commented, “The team at DemystData have built an incredible platform for data scientists to harness an entire ecosystem of data providers. Focusing on deep data management technology and building data partnerships has enabled the company to differentiate itself in this growing market. With the additional investment and resources, we’ll be able to drive further value with existing customers and accelerate our growing pipeline.”

“DemystData has exhibited exemplary growth since our initial investment. We are excited to support their continued expansion. The company is currently filling an unanswered gap in the marketplace, and this capital will help them build upon their leadership position,” said Patrick Norris, Partner at Notion Capital.

About DemystData
DemystData is the leading external data marketplace and helps data scientists tap into the explosive growth of emerging alternate data. The company’s Labs and Live products enable rapid data evaluation and usein partnership with many of the world’s leading data providers. DemystData has offices in New York, Singapore, Hong Kong, and Melbourne. For more information, please visit

Australia – 20 August 2019 – Optus Business today announced that it has entered into an agreement with Myriota, the global leader in nanosatellite Internet of Things (IoT), with a view to providing remote and regional connectivity for IoT devices and applications.

An Australian first, the major telco-nanosatellite provider agreement will bring together Optus’ premium national networks and digital enablement capabilities with Myriota’s direct-to-orbit technology to allow for massive scale, low-cost communications for IoT devices across remote Australian geographies.

The arrangement will offer low-cost, long battery life connectivity for millions of devices across multiple industries. The devices will allow companies to track assets across Australia, even in the most remote areas.

Optus Business Managing Director, Chris Mitchell, said he was excited to see the impact that collaborating with Myriota would have for Optus customers.

“Working with innovative startups like Myriota allows Optus Business to help our customers capture the business improvements of next generation technologies,” Mr Mitchell said. “We are excited by the possibilities this agreement presents.”

CEO and co-founder of Myriota, Dr Alex Grant, said the agreement would unlock new opportunities for IoT applications across a wide variety of industries.

“Remote connectivity has long been the missing piece of the puzzle for IoT across industries like logistics and farming, and we are thrilled to partner with Optus Business to provide a comprehensive connectivity offering,” Dr Grant said.

“Previously, satellite connectivity has not been available or affordable for businesses with remote assets, but nanosatellites are providing a more attainable and affordable solution.”

“By combining Optus’ national networks with our nanosatellite capability, we are able to offer a truly holistic IoT solution and help solve connectivity issues being faced in regional Australia,” he continued.

The two companies have a shared history, with 2018 seeing Myriota secure US$15 million in Series A funding from companies including Singtel Innov8; the venture capital arm of Optus’ parent company Singtel.

About Optus Business
Optus Business helps Enterprise and Government customers enable connected experiences which enhance customer and employee engagement and the spaces where they operate and work. We are the leading regional provider of information and communications technology solutions to a broad range of industries including Financial Services, Government, Retail, Health, Energy, and Education.

Optus Business has been helping Australian businesses grow for more than two decades. We are uniquely positioned to be able to draw on our global expertise and resources of Singtel, including more than 10,000 ICT professionals. Underpinned by IoT & analytics, Automation and Collaboration, Optus Business provides cloud agility and a strong, growing network with services and products which are cyber-secure by design.

About Myriota
Myriota was founded to revolutionise the Internet of Things (IoT) by offering disruptively low-cost and long-battery-life global connectivity. Based in Adelaide, a focal point of the Australian space industry and home of the Australian Space Agency, Myriota has a growing portfolio of more than 20 patents, and support from major Australian and international investors. With deep heritage in telecommunications research, world-first transmission of IoT data direct to nanosatellite was achieved in 2013. Myriota has made this ground-breaking technology commercially available for partners worldwide.

For more information, please visit

Jakarta – 25 July 2019 – Halodoc, Indonesia’s home-grown online healthcare platform, has secured additional funding from strategic investors including the Bill & Melinda Gates Foundation, Allianz X and Prudential. Allianz and Prudential provide insurance services in Indonesia and are users of Halodoc’s services. The funds will be used to further Halodoc’s commitment to simplify healthcare through technology in Indonesia.

Halodoc has raised three rounds of financing from institutional investors, with the most recent funding closed earlier this year, led by UOB Venture Management. Other investors in the financing round include Singtel Innov8, Korea Investment Partners and WuXi AppTec. Existing Investors such as Go-Ventures, BliBli, Openspace Ventures and Investidea also participated. In total Halodoc has raised close to USD 100 million (around IDR 1,4 Trillion).

Halodoc operates a mobile platform for patients to access doctors any time of the day and pharmacy delivery across 50 cities, as well as home lab services, increasing accessibility to easy, affordable, and reliable healthcare services. On average, Halodoc serves around 7 million patients per month throughout Indonesia with 80% of patients residing outside the main cities of Jakarta and Surabaya.

“As an online healthcare application with a mission to simplify healthcare, these strategic partnerships will help improve the quality and number of healthcare options available to Indonesians living outside major cities- particularly outside of Java where healthcare infrastructure is less established. Halodoc aims to learn from the Bill & Melinda Gates Foundation's long-established track record of working with partners to deliver best practice healthcare solutions and improve quality of life around the world.” said Jonathan Sudharta, CEO Halodoc

“Knowing the difficulties of healthcare accessibility in Indonesia, Halodoc is committed to new initiatives together with our investors, to help Indonesians access health services more easily. We hope, together, we can bring high quality and affordable health services across Indonesia,” added Jonathan.

“Halodoc is successfully driving the digital transformation of the Indonesian healthcare industry through its holistic approach to the patient journey and strong strategic partners like Allianz and GO-Jek,” added Carsten Middendorf, Investment Director at Allianz X. “This investment highlights our commitment to transformative businesses in emerging markets and delivering affordable insurance to underserved communities. We look forward to working with Halodoc across multiple verticals, and helping strengthen their operations and network in the wider South East Asian market.”

“At Allianz, customer needs come first,” said Todd Swihart, Managing Director Allianz Health & Corporate Solutions, Allianz Life Indonesia. “Through this strategic partnership with Halodoc, we will strengthen our 24x7 Digital Healthcare services and expand our Health Ecosystem that complements our range of health services and healthcare provider network. By providing our customers access to healthcare, anytime and anywhere, we will be able to expand insurance protection for more Indonesians.”

About Halodoc:
Halodoc is an online based integrated health application that provides complete and reliable health solutions to meet the users’ health needs. Halodoc application is equipped with three main features, which are Apotek Antar, a service that can help users in buying supplements, vitamins and drugs along with doctor's prescription quickly, safely & comfortably; Hubungi Dokter, a service that facilitates users to directly interacting with doctors through voice calls, video calls or chat; and Lab Services, where Halodoc collaborates with Prodia in providing convenience for users to do health checks whether at home or office. In 2018, Halodoc received “The Most Innovative Start Up” award from Galen Growth Asia and hand-picked by Forbes Indonesia as its “Choice Start Up” for the year.

About Allianz X:
Allianz X is the digital investment unit of the Allianz Group, one of the world's leading insurers and asset managers, and part of the Group’s Renewal Agenda. Allianz X invests in digital growth companies that are part of our ecosystems related to insurance: Mobility, Connected Property, Connected Health, Wealth Management & Retirement, and Data Intelligence & Cybersecurity. We provide an interface between portfolio companies and the digital ecosystem within Allianz as well as drive innovation across Allianz’s operating entities and global lines of business.

About Allianz Indonesia
Allianz started its operations in Indonesia with a representative office in 1981. In 1989, Allianz established PT Asuransi Allianz Utama Indonesia, a general insurance company. Furthermore, Allianz entered the Indonesian life insurance market by opening PT Asuransi Allianz Life Indonesia in 1996. In 2006, Allianz Utama and Allianz Life Indonesia started sharia insurance business. Supported by more than 1,300 employees and a network of more than 20,000 sales professionals as well as bank partners and other distribution channels. Today, Allianz in Indonesia is one of the leading insurance groups in the market trusted to protect more than 7 million insured. Further information please visit

About Prudential Indonesia
PT Prudential Life Assurance (Prudential Indonesia) was established in 1995 and is part of Prudential plc, London - England. In Asia, Prudential Indonesia is under Prudential Corporation Asia (PCA) regional office, which is based in Hong Kong. By combining Prudential's international experience in life insurance sector with knowledge of local business procedures, Prudential Indonesia is committed to develop its business in Indonesia.

Having launched its first insurance products linked to investment (unit link) in 1999, Prudential Indonesia is the market leader for this product in Indonesia. Prudential Indonesia has established Sharia Business Unit since 2007 and is trusted as the leader in Sharia life insurance market in Indonesia since its founding.

As of December 31, 2018, Prudential Indonesia has a head office in Jakarta with 6 sales offices in Bandung, Semarang, Surabaya, Denpasar, Medan and Batam and 404 Kantor Pemasaran Mandiri (KPM) throughout Indonesia. As of the end of 2018 Prudential Indonesia serves more than 2.1 million customers supported by more than 250,000 licensed sales force.

Prudential Indonesia is registered with and supervised by the Financial Services Authority (OJK)

To learn more, visit

CAMPBELL, CA – 8 April 2019 – Bitglass, the cloud security leader delivering data and threat protection to enterprises worldwide, today announced $70 million in Series D funding from new investor Quadrille Capital and existing investors Future Fund, New Enterprise Associates (NEA), Norwest and Singtel Innov8. This infusion of capital will enable Bitglass to continue its growth and leadership of the Cloud Access Security Broker (CASB) market.

“As businesses move to the cloud, legacy security products are obsolete,” said Edward Colby, partner, Quadrille Capital. “Bitglass has built a cloud-first security platform poised to dominate the market.”

Bitglass was founded in 2013 and continues rapid global expansion in its roster of customers and partners. In the past year, Bitglass was named a Leader in Gartner’s 2018 Magic Quadrant for Cloud Access Security Brokers, earned the number one spot in The Wall Street Journal’s “Top 25 Tech Companies to Watch 2018” list, and was recognized as one of the 100 Coolest Cloud Computing Vendors of 2018 by CRN®, a brand of The Channel Company. Additionally, Bitglass’ Altitude Program was listed in the 2019 CRN Partner Program Guide as one of the strongest channel partner programs for technology and services.

“Cloud adoption is disruptive of incumbents securing networks, servers and other infrastructure,” said Nat Kausik, CEO of Bitglass. “Our Next-Gen CASB uniquely secures against data leakage and threats without installing more hardware and software.”

About Bitglass
Bitglass, the Next-Gen CASB company, is based in Silicon Valley with offices worldwide. The company’s cloud security solutions deliver zero-day, agentless data and threat protection for any app, any device, anywhere. Bitglass is backed by Tier 1 investors and was founded in 2013 by a team of industry veterans with a proven track record of innovation and execution.

SAN FRANCISCO – 4 April 2019 – Teridion, the company delivering the only public cloud-based WAN service backed by a carrier grade SLA, today announced that it has closed $9 million in financing, led by Jerusalem Venture Partners (JVP), with participation from existing investors Magma Ventures and SingTel Innov8. The financing, an addition to its Series B round of funding, brings the company’s total funding to $35 million.

Teridion delivers Teridion for Enterprise, the industry’s first and only public cloud-based WAN service to deliver carrier grade, SLA-backed performance and reliability with the agility, elastic scale, and global reach of the public cloud. Teridion’s cloud-based WAN service is powered by Teridion Curated Routing, an innovative and cloud native approach to routing that draws on the power of deep learning that brings hierarchical and centralized routing to enterprise networking to radically improve WAN, application and SaaS performance.

“Enterprise networking is radically evolving,” said Gadi Porat, Partner at JVP. “The Internet is the new LAN, and Teridion is pioneering the use of the powerful capabilities of the public cloud in enterprise networking, the same way public cloud providers caused a revolution in data center compute. Teridion’s curated routing and ability to deliver a high performance, highly reliable WAN globally at broadband price points illustrates the power and capability of the Cloud edge. We see a significant opportunity with this investment, and look forward to working with Teridion as they continue to innovate in enterprise networking and the Cloud edge.”

“We have proven the Teridion technology and the business model with our SaaS offering for the past 3 years, and this new investment further enables us to bring our service to the enterprise market,” said Saar Gillai, CEO of Teridion. “We have seen strong traction among enterprise customers, channel partners, and technology partners since our Teridion for Enterprise announcement last November, and we are aggressively entering this new market with expanded sales and marketing efforts.

Today enterprises are moving business critical applications from the enterprise data center to the cloud, and focusing their WAN high performance, cost effective, and agile WAN services and next-generation SD-WAN. With Teridion for Enterprise, enterprises can benefit from accelerated and highly reliable traffic to SaaS applications, public cloud workloads, and between their sites, through a low-cost standard Internet connection.

About Teridion
Companies depend more and more on the Internet as a primary means of networking, including application delivery and wide area networking. Teridion enables faster and more reliable Internet with Teridion Curated Routing, radically improving Internet performance up to 2X - 20X, anywhere in the world. Teridion for Enterprise combines the performance, reliability, and SLAs of legacy WAN technologies such as MPLS with the agility and elastic scalability of the cloud. The company is backed by leading venture investors including Jerusalem Venture Partners, Magma Venture Partners and Singtel Innov8, and is relied on by leading SaaS providers such as Atlassian, Box, Egnyte, Merrill Corp., and many others. Teridion is headquartered in San Francisco, with international offices in Petah Tikva, Israel. For more information, visit

Fremont, CA – 21 March 2019 – Attivo Networks®, the award-winning leader in deception for cybersecurity threat detection, today announced that Energy Impact Partners (EIP), a leading utility-backed energy investment and innovation firm, has become a strategic investor in the company. The funding enables Attivo Networks to expand its portfolio of energy sector-specific deception technology and increase its go-to-market activities to broaden its customer base of utility companies around the world.

“Operational technology environments present their own unique set of challenges associated with securing devices, which often cannot run anti-virus software, be patched, or are simply not designed to be interconnected,” said Tushar Kothari, Attivo Networks CEO. “Deception technology provides early detection and misdirection of in-network threat actors attempting to tamper with operational technology environments. Attackers will unknowingly attempt to compromise a decoy asset, providing the highest caliber alert backed by the adversary intelligence required to quickly isolate and remove the threat.”

Cybersecurity continues to be a top priority for the energy sector given the potential economic and human safety impact of an outage to critical infrastructure. The rapid digitization of the energy industry has brought many operational benefits but has also increased the potential attack surface and the need for enhanced visibility and detection of cybersecurity threats.

“The threat landscape facing industrial customers continues to grow at a relentless pace,” said Sameer Reddy, Partner at Energy Impact Partners. “Attivo Networks’ deception platform provides operators with a high-fidelity detection layer to better secure enterprises and industrial control systems of all sizes.”

Attivo Networks provides deception technology based on decoys and lures, which are designed to efficiently detect and misdirect in-network attacks. The decoys seamlessly deploy in operational technology environments and appear identical to industrial control systems (ICS) and supervisory control and data acquisition systems (SCADA). With one mistaken touch, the attacker reveals their presence and arms security teams with ultra-high-fidelity alerts. Once an alert is raised, the solution’s built in attack analysis engine automates the process of gathering threat intelligence, correlating attack data, and responding to an alert. This reduces the investigation and response time from hours to minutes.

“Halodoc is successfully driving the digital transformation of the Indonesian healthcare industry through its holistic approach to the patient journey and strong strategic partners like Allianz and GO-Jek,” added Carsten Middendorf, Investment Director at Allianz X. “This investment highlights our commitment to transformative businesses in emerging markets and delivering affordable insurance to underserved communities. We look forward to working with Halodoc across multiple verticals, and helping strengthen their operations and network in the wider South East Asian market.”

Energy Impact Partners joins Bain Capital, ForgePoint Capital, and Singtel Innov8 in the company’s Series C funding round.

About Attivo Networks:
Attivo Networks, the leader in deception technology, provides an active defense for early detection, forensics, and automated incident response to in-network attacks. The Attivo ThreatDefend™ Deception Platform provides a comprehensive and customer-proven platform for proactive security and accurate threat detection within user networks, data centers, clouds, and a wide-variety of specialized attack surfaces. The portfolio includes expansive network, endpoint, application, and data deceptions designed to efficiently misdirect and reveal attacks from all threat vectors. Advanced machine-learning makes preparation, deployment, and operations fast and simple to operate for organizations of all sizes. Comprehensive attack analysis and forensics provide actionable alerts, and native integrations that automate the blocking, quarantine, and threat hunting of attacks for accelerated incident response. The company has won over 75 awards for its technology innovation and leadership. For more information, visit

Singapore – 13 March 2019 – CXA Group, Asia’s one-stop, predictive and data intelligence platform for better health, wealth and wellness choices, announced today that it has raised US$25 million in its latest round of funding. CXA’s new group of strategic investors include HSBC, Singtel Innov8, Telkom Indonesia MDI Ventures, Sumitomo Corporation Equity Asia, Muang Thai Fuchsia Ventures, Humanica and Heritas Venture Fund, underscoring the company’s aim to be the leading health ecosystem platform addressing escalating healthcare costs across the region.

The investment by these leading global financial services institutions, telecommunications providers and payroll companies reflect their belief in CXA’s long-term growth opportunity, and the company’s unique ability to shift healthcare spend from treatment to prevention, without employers spending more.

Rosaline Chow Koo, Founder and Chief Executive Officer, CXA Group said: “We are honoured to welcome these top-tier corporations into our roster of strategic investors and partners. CXA is today the leading health ecosystem platform that enables individuals across Asia to make better choices for healthier living, starting from the workplace, thereby empowering a shift in spend from treatment to prevention. We have seen overwhelming interest from global strategic investors who are excited to work with us to advance our business and vision.”

“These latest investors will become strategic partners, and we will look to closely collaborate in designing customised platform-led solutions for their B2B enterprise customers, and as importantly, the employees of these enterprises,” said Koo.

With chronic diseases hitting people in Asia earlier than in the West and healthcare costs escalating1, the company found that the antiquated pen-and-paper, one-size-fits-all approach to managing these costs was systemically wrong. This situation, if left unaddressed, would only get worse and become economically unsustainable over time.

The company has pioneered a one-stop, self-service platform that allows employers to give their employees access to an ever-widening range of health, wealth and wellness offerings, personalised based on the individual’s health and life-stage data. Employees can purchase offerings by drawing down on existing insurance policies provided by their employers and using funds that are then released into the platform’s eWallet to make transactions cashless, fast and easy.

Through the aggregation, anonymisation and analysis of digitised health and life-stage data, CXA helps employers get to the root cause of their workforces’ health issues and design specific interventions – such as corporate wellness and disease management initiatives – that will have the greatest impact on cost and health improvement, for reductions in tomorrow’s chronic disease and healthcare spend, today.

Headquartered in Singapore, CXA achieved revenue growth of 65 percent in 2018 and is expected to double that in 2019. This latest funding round follows US$33 million in total funding from Series A and B in 2015 and 2017 respectively. Other investors in CXA include B Capital Group, Openspace Ventures, Government-linked strategic investor EDBI, BioVeda Capital, FengHe Asia, Philips and RGAx.

Edgar Hardless, Chief Executive Officer of Singtel Innov8 said, “CXA’s innovative use of analytics helps its enterprise clients effectively manage their healthcare costs and promote their employees’ wellbeing. We are excited to be an investor in CXA and help with their expansion across Asia.”

“CXA is rapidly emerging as a leader in the Health and Insurtech space. It has an innovative platform-led approach to helping companies optimise their health spend through personalised engagement with employees about their physical and financial wellness. We are excited about this investment partnership and the disruptive opportunities it presents,” said Bryce Johns, Group Head of Insurance, HSBC.

“Heritas invests in high-growth companies that are tackling major healthcare challenges faced by Asian populations,” said Chik Wai Chiew, Executive Director and CEO, Heritas Capital Management. “We are pleased to support CXA in this financing round to scale its employer-driven population health platform, as the company continues to pioneer solutions that connect the whole healthcare continuum and shift employers’ healthcare spend from treatment to prevention.”

“Strategic investment in CXA from HSBC, Singtel Innov8 and others reinforces our belief in technology enablement and value creation from high-growth companies partnering with larger organisations and transforming in collaborative fashion. With the collective support of banks, insurers, telcos and payroll companies as co-investors, CXA can now accelerate its expansion into new markets and bancassurance channels, while creating new revenue opportunities for these partners’ businesses,” said Eduardo Saverin, Co-Founder and Partner, B Capital Group, the lead investor in CXA’s previous Series B funding round.

About CXA Group:
CXA Group is Asia’s one-stop, predictive and data intelligence platform for better health, wealth and wellness choices. Through the CXA platform, employers can empower employees with access to personalised health and lifestyle offerings, with clear and quantifiable ROI for the business. Founded in 2013 with the mission of transforming the delivery of employee benefits from pen-and-paper and one-size-fits-all to a digitised and personalised platform, the company aims to shift healthcare spend from treatment to prevention, to improve workplace population health.

Driven by a team of industry veterans with extensive leadership experience across Asia’s human resource, insurance, finance, healthcare and technology industries, CXA serves more than 600 enterprises, including Fortune 500 companies, and more than 400,000 employees in 20 countries. CXA has received recognition as InsurTech of the Year from the Asia Insurance Industry Awards and was among the top three most impactful innovations at the Singapore Digital Techblazer Awards. For more information, please visit

Jakarta, 27 February 2019 - Halodoc, Indonesia’s leading healthcare platform, announced today that it has raised US$65 million in Series B funding, led by new investor UOB Venture Management. Other new investors in the financing round include Singtel Innov8, Korea Investment Partners and WuXi AppTec. Existing investors also participated.

This is the second major financing round for Halodoc since its establishment in April 2016. The company plans to use the funds to develop its technology and infrastructure as well as to broaden strategic partnerships with hospitals and healthcare providers across Indonesia.

Halodoc is a digital healthcare platform that includes a mobile app and website allowing patients across Indonesia to have live consultations with more than 20,000 licensed doctors in the country, anywhere, anytime. Patients can order lab tests to be carried out in the comfort of their home. They can also use the app to order medication from 1,300 participating pharmacies, which can be delivered within an hour. In 2018, Halodoc partnered with more than 150 major hospitals in Indonesia.

Halodoc’s platform usage grew by 2500% in 2018 exceeding initial expectations, demonstrating robust demand for healthcare convenience by the Indonesian market. Despite Indonesia being the world’s fourth most populous country with a population of more than 260 million spread across some 17,000 islands, access to reliable healthcare remains a notable issue in some parts of Indonesia. According to estimates from Frost and Sullivan, the value of Indonesia’s healthcare market is expected to reach US$21 billion in 2019, up from US$7 billion in 2014. This is where Halodoc plays an important role, transforming the healthcare sector through innovative solutions and advanced technology. The company was named as the Most Innovative Start-up in Asia in November 2018 by Galen Growth Asia, an organisation that monitors the healthcare start-up ecosystem in Asia Pacific.

Jonathan Sudharta, Founder and Chief Executive Officer, Halodoc, said, “Over the past two years we have rapidly grown into a leading health tech platform in Indonesia. Today, we provide two million patients with convenient and reliable healthcare services monthly, of which half reside outside Java. There is a huge potential for us to use technology to extend the reach of conventional healthcare, providing better access for the archipelago’s large population. The strategic investments and partnerships will enable us to accelerate our efforts in building a platform that improves access and convenience to millions of Indonesian patients.”

Kian-Wee Seah, Managing Director and CEO, UOB Venture Management, said, “Halodoc’s vision is to use technology to make quality healthcare more accessible for everyone and to optimize finite healthcare resources in a vast country such as Indonesia. This investment in Halodoc is a reflection of our responsible investing approach to support economic and social development.”

Edgar Hardless, CEO of Singtel Innov8, said, “Halodoc’s integrated healthcare platform harnesses technology and mobile devices to bring accessible healthcare services to a larger segment of the population in Indonesia. Halodoc is well positioned to make a major impact on the country’s healthcare ecosystem and we are excited to be part of its journey.”

Halodoc has joined forces with more than 1,400 hospitals and healthcare providers in a nationwide partnership to improve the hospital visit experience. The partnership has enabled patients to enjoy shortened wait times at the pharmacy post appointment and a cashless hospital visit through linking of insurance benefits. Halodoc will use the new funds to perfect the online to offline healthcare experience with hospitals and insurance partners as its roll-out continues in 2019.

The company Dr. Nurvanti Pandina, MM Branding and Communication Director, Mitra Keluarga Hospital, said, “The medicine delivery service facilitated by Halodoc at Mitra Keluarga has improved the comfort level for patients and has also helped to save their time because there is no need to wait for medicine dispensing.”

Dr. A Harris Tri Prasetyo, Sp. PD, Director of Rumah Sakit Pusat Pertamina Hospital, said, “We thank Halodoc for its mobile app and services as they eliminate the distance between patients and doctors across the country. Keep going and continue developing!”

Halodoc has successfully worked closely alongside its investors, Gojek Group, Openspace Ventures, Clermont Group, and InvestIdea that share a similar pursuit. Andre Sulistyo, President GOJEK said, “At GOJEK, we focus relentlessly on solving problems and making life better for people throughout Indonesia and Southeast Asia. Halodoc very much shares this ethos, which is why the company was one of our earliest ecosystem partners. We worked together to create GO-MED, through which Halodoc's services are made available to millions of our users through the GOJEK app. We are proud to support the company and its management team and look forward to deepening the integration between our two platforms.”

About Halodoc:
Halodoc started its journey in April 2016, with the purpose to simplify access to healthcare. The standalone application, linked through Go-jek, can be accessed from anywhere in Indonesia, providing patients safe and reliable access to to a network of 20,000 licensed doctors and 1,300 certified partner pharmacies. More than 1,400 hospitals and healthcare providers nationwide work with Halodoc to simplify the patient journey and to improve operating efficiency. In 2018, Halodoc was named as the Most Innovative Startup in Asia from Galen Growth Asia, an organisation that monitors the healthcare start-up ecosystem in Asia Pacific. To learn more, visit

Data Republic, the leading platform for secure inter-organisational data sharing, today announced a strategic expansion that includes AUD $22 million in Series B funding. The round was led by Singtel Innov8, the corporate venture capital fund of the Singtel Group, with participation from Singapore entities Singapore Airlines and existing investor Qualgro, who has supported the company’s expansion into the region. The round also included investments from existing investors ANZ, Reinventure and Ryder Innovation Fund.

Edgar Hardless, CEO, Singtel Innov8, said: “Data intelligence gives businesses a competitive advantage and data sharing is increasingly recognised as a critical way for enterprises to extend their breadth and depth of market insights. Data Republic is helping to ensure that such data sharing is conducted in a safe, secure and compliant manner. Innov8 is excited to support Data Republic’s ambition to expand into Singapore and beyond.”

George Wang, Senior Vice President Information Technology at Singapore Airlines, said: “Singapore Airlines recognises the increasing importance that data plays in allowing organisations to have an enriched understanding of customers’ preferences. Our investment in Data Republic highlights our commitment to data innovation through a platform which leverages technology to ensure data security and privacy and further enhance our digital capabilities.”

Paul McCarney, Chief Executive Officer and Co Founder of Data Republic said: “Gaining support from major Singaporean businesses like Singtel and Singapore Airlines demonstrates the growing importance of privacy and the increasing global need for technology which supports secure, inter-organisational data sharing across markets. We welcome our new strategic partners and thank existing investors for their continued support of Data Republic’s technology and vision.”

Data Republic was recently named a Cool Vendor by Gartner in its “Cool Vendors in Information Innovation” report and has seen rapid adoption of their secure data sharing platform, Senate, which is now used by multiple major banks, governments and other well respected brands in the aviation, retail and media sectors across Australia, Singapore and the United States.

Commenting on Data Republic’s mission to make global data liquidity possible through safe data sharing, Danny Gilligan, CoFounder of Data Republic said, “As markets around the world struggle with regulatory trade-offs between privacy and innovation, we are proud to be delivering data sharing infrastructure which proves it’s possible to deliver higher levels of data driven innovation while at the same time increasing the privacy and security controls in data.”

To find out more about how Data Republic’s Senate Platform solves secure data sharing and privacy-preserving matching please visit: Connect with Data Republic on LinkedIn and Twitter

About Data Republic:
Data Republic’s Senate Platform revolutionises data sharing between organisations by providing comprehensive legal, governance and licensing workflows for companies when sharing data. Data Republic’s technology suite helps data owners to unlock the benefits of data sharing while protecting information security and data privacy. Data Republic has offices in Sydney (HQ), Singapore and LA, and is backed by Singtel Innov8, Singapore Airlines, ANZ, Reinventure, Qantas Loyalty, NAB Ventures, Qualgro and Ryder Innovation Fund. Learn more about Data Republic’s offering at

Singapore, 9 November 2018 – SESTO Robotics, a leading robotics company in the field of autonomous technology, announced that its spin-off from parent company HOPE Technik has been successfully completed. SESTO Robotics was first formed as a business division within HOPE Technik, an investment portfolio company of Singtel Innov8 and Heliconia Capital Management. The spin-off is in line with the strategic plan for SESTO Robotics to expand its product portfolio while accelerating the delivery of its products to a rapidly growing pool of customers utilising autonomous mobile robot (AMR) technology.

With Series A funding totalling $4 million from Singtel Innov8 and Heliconia Capital Management, the spin-off will enable SESTO Robotics to meet its high growth trajectories. First, new AMR solutions will be developed to address the demands of previously untapped industries while the company concurrently expands its reach in current verticals. Second, the company looks to expand its geographical reach and operations beyond current markets such as China and Singapore.

“New and mature companies alike are looking into implementing intelligent automation and the completion of this spin-off and injection of initial funding will further strengthen SESTO Robotics’ product positioning. This exercise will enable us to fulfil our vision of developing scalable autonomous robotics solutions for the supply chains of various industries,” said SESTO Robotics Chief Executive Officer Michael Leong. “The strategic guidance and support shown by Singtel Innov8 and Heliconia Capital Management have been instrumental to our growth and we look forward to working with them to bring SESTO Robotics to greater heights after this spin-off.”

In today’s economy, changing consumer habits have led to shorter time-to-market for products. Coupled with the shortage of skilled workers, companies are pushed to adopt smart and flexible automation processes to help them overcome pressures placed upon their manufacturing lines. At the same time, globally companies now have better understanding of the benefits of Industry 4.0 practices and are shifting their attention to autonomous mobile robots. SESTO Robotics’ products will allow companies worldwide to plug gaps in areas such as quality consistency and manpower limitations. SESTO Robotics’ suite of solutions are centered upon the SESTO Automated Guided Vehicles (AGVs) and Intelligent Mobile Robots (IMRs), which are designed to automate traditionally labour-intensive material handling processes. Covering tasks such as transporting work-in-progress materials between work stations to movement of bulk materials in warehouses, SESTO AGVs and IMRs have been adopted by industry leaders in the field of semiconductor manufacturing and warehousing.

Data Republic was recently named a Cool Vendor by Gartner in its “Cool Vendors in Information Innovation” report and has seen rapid adoption of their secure data sharing platform, Senate, which is now used by multiple major banks, governments and other well respected brands in the aviation, retail and media sectors across Australia, Singapore and the United States.

About Sesto Robotics
SESTO Robotics is a leading robotics company in the field of autonomous technology. Headquartered in Singapore, the company engineers and delivers robotics solutions to global clients seeking to empower their businesses with greater efficiency. SESTO Robotics’ line of automated guided vehicles is a sustainable solution that has been employed by industry leaders in the field of semiconductor manufacturing and warehousing.

About Hope Technik
HOPE Technik is a Singapore-proud engineering firm that has been evolving the industry landscape with its technological innovations since 2006. The company’s unique structure empowers each of its businesses to develop world-class products and prototype innovative solutions for its global clients. Regardless of how unusual a project may be, HOPE Technik’s dedicated team of qualified engineers and technical staff are committed to translate concepts into reality.

Switzerland, Singapore, 9 November 2018 – Sygnum AG, a Financial Technology company that aims to empower financial services for the digital asset ecosystem, announces today its strategic partnership with daura to build a solution to securely issue digital assets such as tokenised shares and investment products. For the secure storage of digital assets, Sygnum and Swisscom founded a joint venture: CUSTODIGIT. Furthermore, the venture capital arm of the Singtel Group, Singtel Innov8, supports Sygnum with an investment.

Sygnum is a Swiss- and Singapore-based company that was founded by an experienced interdisciplinary team of Swiss and Singaporean professionals, backed by a distinguished group of individuals and institutions. The company builds on the strengths of today’s financial services infrastructure and enhances it with the possibilities of the new world of distributed ledger technologies and digital assets – with Blockchain being today’s most prominent example of the distributed ledger technology. Sygnum aims to provide clients and partners with an integrated solution to securely issue, store, trade and manage digital assets.

Sygnum, Swisscom and daura: building an ecosystem for digital assets
As strategic partners, Sygnum, Swisscom and daura AG will build a digital asset ecosystem addressing the key pain points associated with the integration of the digital ledger technology into the financial industry. The ecosystem addresses important issues such as the absence of regulated fiat-digital gateways and the lack of compliant and secure custody solutions for digital assets.

In practical terms, Sygnum and its partners are working on the following solutions:

Institutional investor-grade custody solution
Secure access to and storage of digital assets through an institutional investor-grade custody solution targeting regulated financial institutions. The application is being developed by CUSTODIGIT AG, a newly founded joint venture between Swisscom and Sygnum.

Peter Hofmann, Senior FinTech expert at Swisscom and interim CEO of CUSTODIGIT, said: "The cooperation of Sygnum and CUSTODIGIT combines unique know-how in the fields of digital assets, banking, compliance and technology. This fosters the development of a digital assets custody platform for the regulated financial industry."

Issuance and settlement of digital assets
Secure and seamless issuance and efficient settlement of digital assets, including fiat gateway, starting with the tokenization of Swiss SME (small and mid-sized enterprises) shares. The solution is being developed in close collaboration with daura.

“Sygnum and daura are a perfect ecosystem fit. We both share a vision of tokenized assets being held on the blockchain. While daura provides the legal and technical framework to issue shares on the blockchain in a fully compliant manner with Swiss regulations, Sygnum is building an integrated infrastructure solution to help companies raise capital from investors”, says Peter Schnürer, CEO of daura.

AML/KYC Module
An “Anti-Money Laundering/Know your Customer”-module that fits seamlessly into today's regulatory framework which Sygnum is developing together with the Swiss law firm MME, an integrated law, tax and compliance firm.

“We designed a framework to merge compliance relevant blockchain-based information with existing AML concepts. The result is an efficient blockchain-based AML tool which meets Swiss compliance standards,” says Luka Müller, Founding Partner and Chairman of the board of Sygnum.

Switzerland and Singapore as target markets
Sygnum has decided to develop its products and services simultaneously in two of the leading onshore financial hubs – Switzerland and Singapore. Both countries are recognized as strong, internationally oriented financial centres, share many cultural and economic similarities and are also very much at the forefront of digital asset innovation globally.

Mathias Imbach and Gerald Goh, Founding Partners of Sygnum, are delighted with the progress made to advance the digital asset ecosystem. “We are grateful for the support received by key institutions in both Switzerland and Singapore. We are confident that together we can help to make a difference in solving the challenges the finance industry and the new world of distributed ledger technology and digital assets face. In the first phase, our planned offerings will target qualified/accredited institutional investors. In the second phase, we plan to offer bank-to-bank technology solutions to empower other financial institutions to provide services to the token economy. Through this, we hope to help put the new and rapidly growing digital asset ecosystem on a solid and future-proof foundation. The table is set – we now continue to focus on delivery.”

About Sygnum
Sygnum is a technology-driven company that empowers financial services for the digital asset economy. It develops an integrated solution to securely issue, store, trade and manage digital assets. The company was founded by an experienced, interdisciplinary team of experts and is backed by a distinguished group of individuals and institutions. Sygnum is rooted in two of the world's leading financial hubs – Singapore and Switzerland. Sygnum’s vision is to be the partner of choice to securely issue, store, trade and manage digital assets. Sygnum’s mission is to inspire and empower everyone, everywhere to create and have direct access to ownership and value. The company’s approach is based on a set of values that not only ensure the highest ethical standards and clarity of purpose, but also puts our clients and partners at the centre of everything we do.

About Swisscom
Swisscom, Switzerland’s leading telecoms company and one of its leading IT companies, is headquartered in Ittigen, Berne. About 20,000 employees generated sales of CHF 8.7 billion in the first nine months of 2018. Swisscom supports regulated financial institutions in digitization. One of the central fields are digital asset services. The provider aims to build an ecosystem of blockchain technology and integrated solutions for digital assets.

About daura
daura AG is a joint venture of MME and Swisscom. The company digitalises Swiss SME shares with the help of blockchain technology. Daura guarantees the worldwide, secure transfer of Swiss shares and their registration on the blockchain. These shares enable non-listed companies to access the capital market. All legal functions of the shares, such as exercising voting rights, will be mapped in a smart contract and are fully compliant to Swiss regulation.

About CUSTODIGIT CUSTODIGIT AG is a joint venture of Swisscom and Sygnum. It aims to develop an institutional investor-grade custody solution targeting regulated financial institutions to allow their clients secure access and storage of digital assets.

San Jose, CA, 6/27/18 — Balbix, Inc., provider of the security industry's first system built for avoiding breaches, today announced a strategic company expansion that includes $20 million in Series B funding from investors led by Singtel Innov8, the corporate venture fund of the Singtel Group, and Mubadala Ventures, the venture arm of Abu Dhabi's Mubadala Investment Company Other investors include Cisco veteran leaders, former CEO and Executive Chairman John Chambers (and Founder and CEO of JC2 Ventures) and former EVP and Chief Development Officer Pankaj Patel, as well as Balbix Series A investor Mayfield Fund. Longtime entrepreneurs BV Jagadeesh and Gary Gauba also participated in the round, which Balbix will use to expand its go-to-market strategy and accelerate growth.

Balbix further expanded its board of directors with the appointment of Patel, Gauba and Jeff Karras, managing director of Singtel Innov8. All are senior industry leaders familiar with building and growing startup ventures into industry-impacting businesses. To expand its go-to-market leadership, Balbix has hired Jeff True as its chief revenue officer and Chris Griffith as its vice president of business development and alliances.

"Balbix is taking a game-changing approach to address the most fundamental cybersecurity challenges of today, including the ever-increasing volume and complexity of major breaches," said John Chambers, Founder and CEO of purpose-driven firm JC2 Ventures and Chairman Emeritus of Cisco Systems. “Cybersecurity threats are evolving faster than we could have ever imagined, and Balbix is a true leader in the space with their innovative approach to improving cyber-resilience. The company’s potential impact on the market is exponential, and I look forward to supporting Balbix as they strive to digitally secure businesses, governments and citizens alike.”

Singtel Innov8 works closely with an ecosystem of leading innovators to bring cutting-edge technologies to market. “We’ve evaluated hundreds of security startups over the last few years and Balbix’s solutions are among the most innovative,” said Jeff Karras, managing director, Singtel Innov8. “Balbix’s ability to use advanced AI to enable Google-like search together with relevance and contextualization capabilities for cybersecurity and risk assessment is something we haven’t seen before. We are confident that Balbix will have a major impact on the market.”

“Balbix has a proven leadership team that is addressing fundamental challenges in the global cybersecurity landscape,” said Ibrahim Ajami, Head of Mubadala Ventures. “We are excited to partner with them to create a safer digital ecosystem.”

Since launching from stealth one year ago, Balbix has achieved strong market traction with both enterprise customers and global managed security service providers (MSSP). The company emphasizes a different approach to cybersecurity— using deep learning and other advanced AI algorithms to continuously gather and analyze data about an enterprise’s massive attack surface to produce relevant insights for different stakeholders. Balbix is able to predict where and how breaches are likely to happen (before attacks start) and provides specific prescriptions and workflow support to improve security posture, develop cyber-resilience, and avoid breaches.

"I’m very encouraged by the outcomes we’ve achieved in our first two and a half years, from building a truly expert security and AI team to deeply engaging with supportive design partners to launching an innovative security platform that is deployed by multi-billion enterprises," said Gaurav Banga, CEO and founder of Balbix. "All of us at Balbix are honored to receive this vote of confidence from such top-tier investors as well as senior executives who are expanding our go-to-market leadership and corporate governance."

Balbix was recently named a Cool Vendor by Gartner in its “Cool Vendors in Security and Risk Management Software for Technology and Service Providers, 2018” report1. Since the start of 2018, the company has also received awards from multiple security publications. Balbix’s funding achievement, new board and executive team members, and strong industry recognition all highlight that the company’s innovative approach to avoiding cyberbreaches is successfully addressing a major, and still largely unmet, market need.

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1 Gartner “Cool Vendors in Security and Risk Management Software for Technology and Service Providers, 2018” by Deborah Kish, Elizabeth Kim, Avivah Litan, Matthew T. Stamper, May 1, 2018.

About Balbix
The Balbix breach avoidance platform, BreachControl, is the industry’s first system to leverage specialized artificial intelligence (AI) to provide comprehensive and continuous predictive assessment of breach risk. Visualized via a searchable and clickable risk heat-map, it is designed for CISOs, CIOs and IT security teams. BreachControl can forecast critical breach scenarios and prioritize/recommend fixes by business risk, improving security operations, compliance and cyber-resilience. Learn more at

Myriota, global leader in nanosatellite internet of things (IoT) connectivity, has raised US$15.6 million in Series A funding to help bankroll the company’s expansion plans.

Australian VC firms Main Sequence Ventures and Blue Sky Venture Capital led the funding round, which also included investors such as Boeing Horizon X Ventures, Right Click Capital and Singtel Innov8. This is globally the largest round announced to date for a tech startup using Space 2.0 for IoT and also Boeing HorizonX Ventures’ first investment outside the United States.

Founded in Adelaide, Australia in 2015 as a spin-off from the University of South Australia, Myriota is poised to become the key communications network for the global IoT sector. This market is set to have 27 billion connected devices generating a revenue of US$3 trillion per annum by 20251. With direct-to-orbit technology, Myriota enables massive scale, low-cost communications for IoT devices anywhere on the planet.

Myriota plans to accelerate its growth by launching more satellites, delivering revolutionary large- scale IoT deployments, and expanding its global operations. New sales and customer support offices will be opened in North America and Asia, while 50 new staff will be hired mostly at the startup’s South Australian headquarters. The expansion plans follow Myriota’s recent announcement that it will open a US$2 million Internet of Things Innovation Lab.

“The internet of things has a major connectivity problem: hundreds of millions of devices that need to communicate but don’t have cost-effective, battery friendly networks to do so. Myriota solves this problem,” Myriota CEO Dr Alex Grant said.

“The scale of this investment, with strong domestic leadership and strategic participation from Boeing and Singtel Innov8, is a significant boost to our company, and will allow us to deliver internet of things for everyone, everywhere.”

Myriota has already led the development of a number of world-first Space 2.0 projects across a diverse ranges of sectors, including black box type recorders for Australian Army soldiers, water tank monitors for farmers, asset tracking and environmental monitoring.

Investor Quotes

Main Sequence Venture Partner Martin Duursma said that as Australia’s deep tech venture fund, Main Sequence Ventures was delighted to co-lead this Series A round for Myriota.

“We view Space 2.0 as a tremendous opportunity for Australian companies to be globally competitive in a high growth industry. Myriota, as a part of that new industry, has developed world leading technology for unlocking the full potential of the Internet of Things with their direct to satellite communications platform.” he said.

“As a spin-out from the University of South Australia, Myriota is a great example of Main Sequence Ventures backing technology from the publicly funded research sector, fitting with our mission (under the National Science and Innovation Agenda) to ignite a new generation of epic companies from the spark of Aussie science

Blue Sky’s South Australian Venture Capital Fund Investment Director, Atlanta Daniel, said Blue Sky co-led this Series A round investment in Myriota and was proud to announce the investment as the first from the $50m South Australian Venture Capital Fund.

“We’ve been impressed by Myriota’s global outlook from day one. They’re proof that South Australia has exceptional entrepreneurs and world-class technology companies looking for investment. Over the past few months we’ve worked hard alongside Myriota to help the team secure foreign direct investment from North America and Asia.”

“We’re excited to see this kind of global platform technology emerge from South Australia, where the team have effectively developed a new protocol for IoT communications, enabled by ‘New Space’ technology.”

Boeing HorizonX VP Steve Nordlund, said that as Boeing HorizonX Ventures’ first investment outside of the US, it was an important move.

“The Myriota team channeled its telecommunications expertise to develop a solution that simultaneously connect hundreds of millions of low-cost, low-powered transmitters to satellites. This was a compelling investment for us because as a global company, Boeing recognizes and supports the innovation occurring in Australia and beyond,” he said.

Right Click Capital Associate Ulric Ferner said the investment built on his firm’s track record of backing strong Australian businesses making waves on the world stage.

"Myriota is a great example of a startup building fundamental infrastructure for the rapidly emerging and globally pervasive Internet of Things. The founders have a deep connection to the problem they're solving, the company is delivering results at incredible speed, and we are thrilled to back and welcome them into the global Draper Venture Network portfolio," he said.
SAN FRANCISCO, March 13, 2018 – Moogsoft, a leading provider of artificial intelligence for IT operations (AIOps), today announced $40 million in Series D funding led by Goldman Sachs Growth Equity, with participation from existing investors including HCL, Northgate Capital, Redpoint Ventures, Singtel Innov8, STTelemedia and Wing VC. This round brings Moogsoft’s total funding to $90 million. Funds will be used to scale sales and marketing to meet global demand as well as R&D investment for new product development and continued innovation in their core AIOps platform.

In 2017, Moogsoft more than doubled revenue and saw the onboarding of key customers from across the Global Fortune 500. In addition to closing its fourth round of funding, Moogsoft has also recently released over 15 updates to their AIOps platform, bringing to market innovative new features such as Real-Time Service Dashboards, Collaborative Team-Based Workflows, Algorithmic Clustering Engine, Probable Root Cause Analysis, and a Mobile version. To date, Moogsoft has been awarded six patents and have filed for over 40 additional patent applications for their inventions.

“We are enormously excited to welcome Goldman Sachs Growth Equity as a partner as we dive headlong into the future of IT operations and service assurance,” said Phil Tee, chairman, CEO and co-founder of Moogsoft. “Moogsoft’s purpose-built AIOps platform is in production in the world’s most complex IT environments and is fundamentally transforming the way enterprise operations teams work. We have the intention to be the primary supplier of service assurance software for the new digital economy. With new products, additional capability in AIOps, and with significant investments in sales and marketing, Moogsoft is set to lead the next phase of the digital revolution.”

Gartner Research defines AIOps platforms as software systems that combine big data and AI or machine learning functionality to enhance and partially replace a broad range of IT operations processes and tasks, including availability and performance monitoring, event correlation and analysis, IT service management, and automation. In their 2017 Market Guide for AIOps Platforms, Gartner predicts that, by 2022, 40 percent of all large enterprises will combine big data and machine learning functionality to support and partially replace monitoring, service desk and automation processes and tasks, up from five percent in 2017.

“We have followed the Moogsoft story closely over the past several years, and have been consistently impressed with their thoughtfulness around product development and ability to deliver such a compelling value proposition to customers managing some of the most complex IT operations in the world. By leveraging intelligent algorithms to deliver true machine learning, Moogsoft’s platform addresses the human scalability challenges of using legacy rules-based monitoring technology in increasingly distributed and complicated IT environments,“ said Jason Kreuziger, a Vice President in Goldman Sachs’ Merchant Banking Division, who will join the Moogsoft board of directors in connection with the investment. “We are excited to partner with a world-class management team that has deep domain expertise and a track-record of success in this market, and look forward to working with them to help further scale Moogsoft going forward.”

About Moogsoft

Moogsoft provides AIOps solutions that help IT teams become faster, smarter and more effective. Through the application of patented AI, Moogsoft helps enterprises such as SuccessFactors, Intuit, HCL and GoDaddy avoid outages and achieve operational agility across the world’s most complex IT environments. Learn more at

SAN FRANCISCO, March 12, 2018 – Airspace Systems Inc., manufacturer of comprehensive drone defense systems, announced today that it has raised $20-million from a Series A funding round led by Singtel Innov8 the venture capital arm of Singtel, with participation from s28 Capital and previous investors Shasta Ventures and Granite Hill Capital Partners.

As part of its investment, Jeff Karras, Managing Director of Investments at Singtel Innov8, will join Airspace’s board of directors.

“Demand for protecting stadiums, commercial buildings, power plants and, for that matter, any other public venues from potential drone threats is growing rapidly,” Karras said. “There are a number of important drone defense technologies flooding the market but there has not been one which integrates all the best capabilities under a single platform until the solutions developed by Airspace.”

Airspace was founded by engineers who previously worked at Apple, Google and Cisco Systems and backed by early investors of Nest, Palantir and Skype. Co-founder and CEO Jaz Banga, says the company will use the latest funding to produce the Airspace Command Center (AC2), a comprehensive drone defense system, at scale and expand its Silicon Valley-based machine vision, autonomous navigation and embedded systems teams.

“We’re leveraging the bleeding edge of artificial intelligence, computer vision, high-speed robotics and neural networks to create something like a firewall in the sky,” said Banga, the only counter-drone executive on the DAC (FAA’s Drone Advisory Committee). “We’re building the complete drone security system that lets the good drones in and keeps the bad ones out.”

Airspace is leading the counter drone industry in the application of artificial intelligence to detect, classify and capture the most complex and dangerous drone threats.

The Mobile Airspace Command Center(MAC2), Airspace’s latest solution identifies potential threats in the sky and when a rogue drone is spotted, it deploys a variety of countermeasures including the Airspace Interceptor™, which autonomously navigates and reacts to a rogue drone’s every move and then safely captures and removes enemy drones to avoid collateral damage. The company utilizes AI, machine vision and deep-learning neural networks to defend against the most complex drone threats faced by public event venues, military personnel and law enforcement agencies.

“The future of stadium security is no longer a 2D but rather a 3D problem,” said Rohit Gupta, partner at Sterling VC--an early investor in Airspace Systems “Drones are the growing threat on everyone’s minds.” Sterling VC is a venture capital fund backed by Sterling Equities which is also the principal owner of the NY Mets baseball team.

Singapore, 5 March, 2018 – Singtel Innov8, the corporate venture capital unit of Singtel, and the National University of Singapore (NUS), through its entrepreneurial arm NUS Enterprise, today joined forces to launch Innovation Cyber Security Ecosystem at Block 71 (ICE71). This will be the country’s first integrated regional cyber security hub to spawn and support early stage and growing start-ups, entrepreneurs and academics from around the world.

Supported by the Cyber Security Agency of Singapore (CSA) and the Infocommunications Media Development Authority (IMDA), ICE71 aims to strengthen Singapore’s growing cyber security ecosystem by attracting and developing competencies and new technologies. Singtel and NUS have been deepening their partnership to support Singapore’s transformation into a Smart Nation and help enable the country’s digital economy. Through the NUS-Singtel Cyber Security Research and Development Laboratory that was set up in 2016, the partners are jointly developing advanced cyber security solutions that could help mitigate the rapid rise in cyber security risks.

“ICE71 is a natural transition for the Singtel and NUS partnership and highlights the urgency of developing innovative solutions to address the rapid increase in the frequency, scale and sophistication of cyber security threats,” said Mr Edgar Hardless, Chief Executive Officer of Singtel Innov8. “Through ICE71, we aim to nurture and groom suitable Singaporean and foreign cyber security start-ups to help bring their ideas to life. With our combined resources, we can help these start-ups fine tune and market their cyber security solutions globally. This comprehensive programme strengthens our cyber security ecosystem and positions Singapore as a sustainable hub for cyber security in the region.”

ICE71 is teaming up with London-based CyLon, Europe’s leading cyber security accelerator, to provide a range of open learning platforms and support to cyber security start-ups through three initial programmes – Inspire, Accelerate and Scale. Inspire is a five-day pre-accelerator boot-camp for researchers, students and aspiring entrepreneurs to test and qualify cyber security business concepts. Accelerate, is a three-month accelerator programme to equip early stage start-ups with financial, business structure and go-to-market strategies to progress their business. Scale is a landing pad designed to provide market access to help growing global and local start-ups to scale their businesses into the Asia Pacific region.

“As a founding partner of ICE71, NUS is excited to help expand the cyber security ecosystem. We have a vibrant community comprising some of the country’s top cyber security expertise at the National Cybersecurity R&D Laboratory, the Singapore Cybersecurity Consortium, and the NUS-Singtel Cyber Security Research and Development Laboratory. We are pleased that ICE71 will be part of this thriving network,” said Dr Lily Chan, CEO of NUS Enterprise. “We see the new cybersecurity track in the Lean LaunchPad Singapore programme to be launched by NUS Enterprise as a move to strengthen the University’s ability to further nurture home-grown competencies and start-ups in the cyber security space.”

ICE71 is a unique initiative that will create a strong regional cyber security ecosystem with solid foundations and links to the global industry. Beyond providing support services such as access to working space, funding, subject matter experts and networking events, ICE71 also provides start-ups with enterprise grade cyber security resources such as Singtel’s cyber-range to test and build proof-of-concept solutions in a virtual environment.

Mr Teo Chin Hock, Deputy Chief Executive (Development) of CSA, said: “The cyber security domain offers opportunities for innovation and economic growth. This partnership highlights our shared commitment to bolster cyber security innovation in Singapore’s start-up ecosystem. By working together with the industry, we aim to prepare entrepreneurs, equip them with the know-how as well as help them, grow and scale up by bringing their ideas and solutions to the global market.”

ICE71 is the second collaboration between Singtel Innov8 and the University’s entrepreneurial division. In 2011, both parties spearheaded the BLOCK71 initiative in Singapore, a strategic programme to help start-ups gain one-stop access to the resources they need to effectively develop and market their solutions to customers. BLOCK71 San Francisco soon followed in 2015 to strengthen ties between the US and Singapore start-up communities and ecosystems. The combination of Singtel Innov8’s sizable cyber security investments in the US and Israel, as well as access to the Singtel Group, and NUS’ global presence, network and history of nurturing current and future entrepreneurial leaders, places the team as pioneers in positioning Singapore on the international stage.

Ms Angeline Poh, Assistant Chief Executive (Industry development) at IMDA, said: “Cybersecurity is a key pillar of the Infocomm Media Industry Transformation Map, and is essential to drive Singapore’s Digital Economy. Through this partnership, we aim to support Singapore's promising cybersecurity start-ups as they accelerate and scale their solutions to address global challenges, from right here in Singapore.”

ICE71 will be opening its doors in April 2018 at Block 71 Ayer Rajah Crescent, the heart of Singapore’s innovation cluster of technology start-ups.

Interested start-ups and cyber security entrepreneurs can find more information at and register to be a part of the programme. ICE71 will begin its first call global out to invite the inaugural cohort in April 2018. ICE71 and its partners began engaging corporations, government agencies, institutes of higher learning, and industry experts to participate in growing and nurturing the cyber security ecosystem.

Fremont, CA and Singapore – February 06, 2018 – Attivo Networks®, the leader in deception solutions for cybersecurity defense, today announced a strategic investment by Singtel Innov8, the venture capital arm of the Singtel Group. The funding will be used to accelerate expansion into Asia Pacific markets with increased investment in sales, marketing and customer support operations in support of growing global deception technology customer base. Singtel Innov8 joins current investors Bain Capital Ventures, Omidyar Technology Ventures and Trident Capital Cybersecurity, who have collectively provided $45.7 million in funding to Attivo Networks.

“Singtel Innov8’s investment opens up new market opportunities for Attivo Networks and aligns the company for aggressive international growth,” said Tushar Kothari, CEO, Attivo Networks. “There is clear pent-up demand in the Asia Pacific region and worldwide for advanced threat detection and response solutions by organizations requiring a new model for cyber resilience. This funding and access to Asia Pacific Markets will be instrumental in further expanding the Attivo Networks customer base and in supporting the needs of global customers.”

“Attivo has demonstrated technology leadership in the emerging deception space with a sophisticated platform and marquee customers,” said Punit Chiniwalla, Senior Director, Singtel Innov8. “We’re excited about the opportunity to support Attivo Networks as they expand on their successes globally.”

Deception-based detection technology adoption has grown exponentially in 2017 based on its efficiency in detecting threats that have evaded prevention security controls and for its unique ability to change the asymmetry on attackers. Taking a page out of military operations, Attivo applies deception-based decoy and attacker luring technologies within the network to deceive and misdirect attackers into revealing themselves. Using dynamic adaptive deceptions, the Attivo ThreatDefend™ Platform creates a virtual hall of mirrors for attackers, imposing increased cost and attack complexity as a threat actor is forced to decipher what is real and what is fake. It is a rare opportunity to exploit the trust that attackers have, slow their attack, and turn the tide against them.

This latest infusion of funding will build upon Attivo Networks unprecedented levels of company growth, technology innovation, and industry recognition.

  • The company has increased revenues by more than 300 percent year over year, accumulated an impressive list of Fortune 50 customers, and is currently engaged with over 350 organizations in evaluation and trials of its deception and response technology.
  • In 2017 alone Attivo Networks received 26 industry awards based on its technology innovation.
  • The company has received positive research and review coverage from many leading technology analyst firms, including Gartner Inc. (Cool Vendor 2016), 451 Research, Frost and Sullivan, TAG Cyber, Ovum, and Information Security Group (ISG) and from SC Magazine, First Look Report.

SANTA CLARA, CA— November 08, 2017— Qubole, the big data-as-a-service company, today announced it has closed a $25 million strategic round of funding led by Singtel Innov8 and Harmony Partners with participation from existing investors Charles River Ventures (CRV), Lightspeed Venture Partners, Norwest Venture Partners and Institutional Venture Partners (IVP). Singtel Innov8’s investment provides an important anchor for Qubole’s APAC expansion. Continuing the company’s momentum, Qubole also announced the appointments of Kevin Kennedy as Chief Operating Officer and Mohit Bhatnagar as Senior Vice President of Products.

Qubole is committed to the Asia Pacific region with a central office in Bangalore, India and a sales office in Singapore, led by Joydeep Sen Sarma, cofounder and CTO. APAC has become a hotbed for big data, artificial intelligence and machine learning talent, and Qubole already services customers across India, including Ola Cabs, Saavn and Indix. With Singtel Innov8’s support, Qubole looks to expand its presence across South East Asia including India, Australia and Singapore.

“There is a significant opportunity for big data in the Asia Pacific region. Qubole makes it easy for enterprises to access best-in-class analytics for quicker, more accurate decision making in a cost-efficient way,” said Punit Chiniwalla, Senior Director, Singtel Innov8. “We are excited to partner with Qubole and their incredibly talented team.”

Qubole is the largest cloud-agnostic big data platform in the world, growing revenue at more than 100 percent year-over-year. Qubole processes nearly an exabyte of data in the cloud per month for enterprises that include Autodesk, Lyft, Samsung and Under Armour. The addition of Kevin Kennedy as Chief Operating Officer and Mohit Bhatnagar as Senior Vice President of Products positions Qubole for its next stage of growth. Kennedy has a diverse background having held executive positions leading sales, services and support, as well as marketing, product management and development at PeopleSoft, Oracle and Ooyala. Bhatnagar has deep product and general management expertise with hands-on experience at startups and large enterprises, including NetApp, McKinsey and Symantec.

“Qubole is now at a pivotal growth point. Our sales momentum and product innovation in the last year have propelled us to the next stage of our global expansion,” said Ashish Thusoo, CEO and cofounder, Qubole. “As big data market demands continue to grow and evolve, this strategic investment and the addition of Kevin and Mohit to our leadership team position Qubole as the leader in helping enterprises around the world successfully meet their big data project goals.”

Singapore, 7 November 2017 – ShopBack, the one-stop lifestyle portal that powers smarter purchase decisions, raised USD25M in its latest funding round, bringing the company’s total funding raised to date close to USD40M. The round was led by Credit Saison, the largest credit card and retail finance company in Japan. More than 10 institutional investors participated in the round, including new investors Blue Sky and Intouch Holdings PLC, as well as existing investors SoftBank Ventures Korea, Singtel Innov8, Qualgro and East Ventures.

“Cashback served as the cornerstone for ShopBack’s establishment in Singapore and laid the foundation for us to build smarter shopping solutions,” said Vincent Wong, Country Head, ShopBack Singapore, “Living up to our value proposition as ‘The Smarter Way’, we have recently added service aggregation features for rides and credit cards verticals to simplify purchase decisions for our users. We strive to become the one-stop shopping and lifestyle portal for every Singaporean.”

Today, ShopBack powers close to 1,000 orders per hour, with an annualised sales figure of over USD300M for more than 1,300 partner merchants across the online retail, travel and lifestyle verticals. Over three and half million consumers across six countries in the Asia Pacific have signed up with ShopBack since the company’s inception in 2014.

“ShopBack’s business model builds on the explosive growth of ecommerce in the Asia Pacific to drive tangible value for its users and cost-efficient sales generation for its partner merchants,” said Sean Lee, Partner of SoftBank Ventures Korea, “The model enables ShopBack to leverage user insights across shopping categories and develop smarter shopping solutions such as cross-category recommendations.”

“The ShopBack team has demonstrated the ability to build a pool of loyal users in a sustainable and scalable manner, which is the backbone of all successful businesses. We have high confidence that the team is able to deliver on their vision in the region, hence the follow-on 18 months after our initial investment,” said Sean.

The three-year-old start-up previously disclosed two seed funding rounds totaling to over USD1M. This latest round of funding will be used to drive three key areas of development - acquiring world-class talent, launching new product features and establishing market leadership.

Talent is key to long term success

According to Heang Chhor, Managing Partner of Qualgro, "ShopBack consistently meets our high bar for delivering very strong growth. It has demonstrated exceptional ability to adapt and execute fast in very different markets across Southeast Asia. This rests on an innovative and fast-moving talent pool, that ShopBack has been able to attract, grow and motivate."

"Speed and results-orientation are key in the region, and ShopBack’s mantra of “Fail fast, learn fast and iterate faster”, has seen them rapidly become a regional platform for ‘The Smarter Way’ to shop online.”

ShopBack’s presence in six countries is driven by a team of more than 130 people. The management team hails from ecommerce and technology background with experience in scaling companies across the region. Vincent Wong is one of them. He kick-started his career at Groupon where he learnt the ropes of the trade for four years before he left to find his own logistics and ecommerce start-up. Vincent further sharpened his skills during the two years managing his company before joining ShopBack as the Country Head in Singapore.

Proven product-market fit laid foundation for ShopBack’s regional growth

ShopBack’s core business model is built on a strong foundation of multiple experimentations and iterations. It transformed from a one-day flash sale site to a perennial Cashback platform which enables it to deliver value to customers and partner merchants all year round.

“We have witnessed ShopBack’s growth journey and the founders’ dedication to the business from the early days,” said Edgar Hardless, Chief Executive Officer of Singtel Innov8. “With the flourishing e-commerce market in the region, we believe ShopBack is strongly positioned to realise their regional growth aspirations.”

ShopBack believes rapid and effective localisation is critical for players operating in a fragmented region like the Asia Pacific. While its core service offering remains the same across geographies, different marketing and product strategies are adopted to better address the needs of customers in each market.

Observing that Singaporeans tend to spend the most during the year-end period, ShopBack Singapore created the YES Fest [short for (Y)ear (E)nd (S)hopping Festival] to support consumers’ spending. Spanning from 1 November 2017 to 31 December 2017, the inaugural YES Fest celebrates both online and offline shopping with great deals in the virtual as well as physical space. It seeks to spread the hype of Singles’ Day (11 November 2017), Black Friday and Cyber Monday (24–30 November 2017), 12.12 Online Fever (12 December 2017) as well as Christmas Sale (1–31 December 2017) over the two-month period.

MOUNTAIN VIEW, Calif. – July 6, 2017 – Symantec (NASDAQ: SYMC), the world’s leading cyber security company, today announced that it has entered into an agreement to acquire Israel-based Fireglass, the leading agentless isolation solution that eliminates ransomware, malware and phishing threats in real-time by preventing potentially harmful content from ever reaching user endpoints or the corporate network. With this acquisition, Symantec further strengthens its Integrated Cyber Defense Platform and dramatically extends the Company’s leadership in Secure Web Gateway and Email protection delivered both on premises and in the cloud.

Fireglass’ innovative approach to browser isolation substantially reduces the attack surface, strengthening an enterprise’s security posture and as a result, significantly reduces the burden on the Company’s security operation center (SOC) and IT help desk. Users are protected regardless of the links they click or the uncategorized websites they visit, as all potentially harmful website and email content and attachments are executed within a fully protected and separate environment, eliminating the most common infiltration points for ransomware, exploits and malware. Delivered as a cloud service, on premises, or in a hybrid model, Fireglass provides a transparent and worry-free end user experience, with customers reporting a dramatic reduction in problem tickets and the resulting workload of the security team.

Greg Clark, Symantec CEO said, “Integrating Fireglass’ isolation technology with Symantec’s existing endpoint, email and secure web gateway solutions could reduce security events by as much as 70 percent, while virtually eliminating advanced threats spread by web browsing or email content. Isolation will become a core component in the design of cyber defense architectures for the cloud generation who face the reality of an encrypted Internet and the crisis inherent in email and web-delivered attacks. The ability for the security team to take an aggressive stance on unknown websites and questionable attachments without causing chaos for a company’s users and IT help desk is now a reality. Isolation is a key element of securing the cloud generation and is even a productivity gain for both the end user and security operations center.”

“The pairing of browser isolation with Symantec’s proxy and endpoint capabilities forms a generational change in approach. Our tests show promise for meaningful reductions in attack surface and time-consuming security events,” said Ramin Safai, CISO of Jefferies Group LLC. “I applaud Symantec for focusing on tangible security outcomes – it’s precisely what the industry needs.”

Guy Guzner, Founder and CEO of Fireglass, said, “We’ve long admired Symantec for their leadership in protecting customers’ critical information. Fireglass’ industry-leading isolation technology helps customers battle zero-day attacks and other serious vulnerabilities, making it an essential element for protecting email, messaging and web browsing. It easily integrates with existing security solutions and across all forms of the endpoint including Windows, Mac, Android, iOS and all others including browser-enabled IoT devices. With Symantec’s global scale, we’re excited to bring this groundbreaking technology into the hands of more customers.”

The transaction is subject to customary closing conditions, and is expected to close in the third calendar quarter of 2017. Symantec expects Fireglass’ technology to be available to its customers and partners soon after the transaction closes. Financial terms of the transaction were not disclosed.

Waltham, MA – May 30, 2017 – CounterTack, the exclusive provider of the industry’s one true behavior and memory-based Endpoint Threat Platform (ETP) for the enterprise, today announced that it has raised $20 million in growth funding. The Series D round is led by new CounterTack investor Singtel Innov8 (venture capital arm of The Singtel Group), along with SAP National Security Services (SAP NS2 ™), also a new investor in CounterTack, and follow-on investment from existing CounterTack investors.

The funding will be leveraged to fuel CounterTack’s explosive growth and global expansion in the burgeoning cybersecurity market, where CounterTack is fast-becoming the only enterprise-class endpoint security platform that cyber teams can build on, to lever dynamic capabilities beyond the endpoint. Gartner estimates that the cybersecurity market is growing at an annual average of 8% in overall revenue.

CounterTack’s unique approach to endpoint security has helped the company penetrate enterprise, Federal and APAC markets competitively with its Endpoint Threat Platform, a market-leading endpoint detection and response (EDR) solution. The platform approach eliminates ‘multi-agent syndrome’ for teams to simplify security with its hyper-converged sensor to detect and kill advanced threats like WannaCry. Since its introduction to the market post Series A raise in 2011, CounterTack has seen tremendous growth across its product portfolio, helping accelerate its capability to protect global organizations from advanced cyberattacks.

“We are excited to partner with CounterTack to support the delivery of truly innovative endpoint security technology on a global scale,” said Jeff Karras, managing director, Singtel Innov8. “CounterTack takes a differentiated approach to protecting large organizations from attacks like ransomware and other advanced threats. Their track record in delivering innovative endpoint security to customers worldwide is spectacular. We are happy to be part of their continued growth.”

“We’re thrilled to team up with CounterTack and to be adding them to our syndicate of portfolio companies in the cybersecurity space,” said Andrew Drake, vice president, strategic investments, at SAP NS2. “We are also enthusiastic about the market opportunity to integrate our best of breed technologies strategically, to deliver unprecedented scale across multiple customer use cases.”

CounterTack’s Endpoint Threat Platform delivers full-spectrum endpoint security, including advanced Endpoint Detection and Response (EDR) capabilities, leveraging behavior analysis and machine-learning to neutralize threats at-scale to maintain business resiliency against targeted attacks. For CISO’s, the platform reduces the need for multiple security agents. And with over 250 customers protected across massive endpoint environments worldwide, CounterTack reduces the time from detection to remediation to secure enterprise systems.

This funding announcement comes on the heels of recent CounterTack milestones so far in 2017:
CounterTack Announces Data Loss Prevention
• Recent recognition: SC Magazine DDNA Product Review; CRN Top 100 Cybersecurity List; CounterTack named to the JMP Securities ‘Super 60’ list of hottest privately-held security, networking and storage companies
Gartner lists CounterTack as a Top 10 EDR vendor

San Mateo, Calif. – April 28, 2017– Guavus, Inc., a pioneer in developing Machine Intelligent, big data analytics platforms, today announced that it has signed a definitive merger agreement under which Thales (Euronext Paris: HO), a global technology leader for the aerospace, transport, defence and security markets, will acquire Guavus in a cash transaction valued at up to $215 Million. The completion of the acquisition is subject to customary conditions and regulatory approvals and is expected to close in the third quarter of 2017.

Patrice Caine, Thales’ Chairman and CEO, commented: “Combined with our established expertise in other key digital technologies, the acquisition of Guavus represents a tremendous accelerator of our digital strategy for the benefit of our customers. The application to Thales’s core businesses of Guavus’ technologies and expertise in big data analytics will strengthen our ability to support the digital transformation of our customers, whether in aeronautics, space, rail signaling, defense or security.”

“We look forward to joining Thales and serving new customers in new markets around the globe,” said Anukool Lakhina, founder and CEO of Guavus. “Guavus’ widely deployed Machine Intelligent, big data operational analytics platform transforms the quality, efficiency, scale and security with which our customers can deliver their services, making our platform a critical enabler of digital transformation.”

Airlines, satellite, air traffic control, metro or train operators, armed forces or security officials of large urban or energy infrastructures rely on Thales’ high technology solutions to make the best decisions in real time. In a world facing exponential growth in the volume of data coming from increasingly connected sensors, the acquisition of Guavus’ operational analytics opens broad opportunities for Thales in areas including predictive maintenance, cyber security, monitoring of critical infrastructures, network and telecom systems optimization.

Guavus’ Machine Intelligent operational analytics platform enables large organizations to transform their operations, delivering differentiated customer experience, radically reducing costs and achieving the enormous scale required in emerging IOT applications. Leveraging Guavus expertise in Machine Intelligence, streaming analytics and big data technologies, Guavus’ deployments ingest and analyze five petabytes of data per day.

Guavus today supports the critical operational infrastructure in the top communication service providers around the world, including the five largest North-American mobile operators, four of the top five Internet backbone carriers in the world, and seven of the top eight North American cable operators.

REDWOOD CITY, CA -- April 11, 2017 -- Synack, Inc. (“Synack”), the first hacker-powered intelligence platform, today announced it raised $21.25 million in a Series C round of funding led by Microsoft Ventures. The Series C financing also included investments from new investors Hewlett Packard Enterprise (“HP”) and Singtel Innov8 (Corporate Venture arm of Singtel Group). This financing brings Synack’s total funding to over $55 million.

The new investment included participation from current Synack investors, including GGV Capital, GV (formerly Google Ventures) and Kleiner Perkins Caufield & Byers, and will be used to further develop the Synack Platform, scale adoption across the U.S and Europe, enter APAC, and continue to recruit and invest in the most skilled hackers in the world. Microsoft will take a seat on Synack’s board. Additionally, Gary Steele, CEO of Proofpoint, a security industry veteran, will be joining Synack’s Board of Directors to support the company through this phase of high growth.

With the rise of cyber attacks and shortage of security talent, Synack plays a critical role in protecting the world’s high-stakes enterprises and government entities. Leveraging a global crowdsourced network of highly vetted ethical hackers, Synack’s platform delivers an offensive approach to defense for organizations to keep critical applications and infrastructure safe.

“The best defense is a good offense. Businesses can only stay one step ahead of the adversary by beating them at their own game,” said Jay Kaplan, CEO and co-founder of Synack. “Bringing Microsoft Ventures, HP and Singtel Innov8 on board highlights their ongoing investment in security for their products and customers. We have a shared vision for the future of cybersecurity and see a huge opportunity for alignment in platform development and scaling channels to market.”

Today’s most competitive organizations know exactly how critical it is to have high quality security at the core of every technology and business. Having these tech industry giants invest in Synack’s innovative platform is another commitment to helping organizations around the world determine how exploitable they are from a cyberattack.

In just four years, Synack has onboarded some of the largest Fortune 500 companies and various branches and agencies of the U.S. Government. This mainstream adoption of Synack’s model has resulted in a greater than 300 percent increase in year-over-year bookings over the last four quarters, in Financial Services, Retail and Government. Building on its momentum, the company’s announced funding with Microsoft Ventures, HP and Singtel Innov8 will:

  • Keep Cybersecurity at the forefront: Microsoft and HP Enterprise are two of the most forward-thinking organizations when it comes to cybersecurity, understanding why security must be baked into a company’s DNA from the start:
    • “Traditional security testing presents many challenges that Synack tackles head- on with an innovative, crowd-focused approach,” said Nagraj Kashyap, corporate vice president at Microsoft Ventures. “Based on their already strong market traction and history of working with Fortune 500 enterprise customers, we look forward to seeing what Synack accomplishes next.”
    • “HPE is experiencing massive growth in their cybersecurity business. Today every business is a technology business and every technology business needs to make security a priority,” said Meg Whitman, CEO HPE. “Our Pathfinder business is growing rapidly and Synack allows us to to offer our customers a scalable, easy to use, but highly effective way of keeping their businesses secure.”
  • Drive European growth: As the security talent gap in Europe continues to widen, and GDPR deadlines are looming, Synack has experienced organic demand from large enterprises and governments. Today, Synack Europe includes a network of specialized hackers and a growing number of customers in the region.
  • Proven leadership to guide high-growth: As Synack continues to rapidly expand into new industries and markets, the company is adding two industry veterans to help guide the company’s next phase of high growth. Gary Steele, CEO of Proofpoint Security and security veteran, has deep experience growing and scaling enterprise software companies and will bring a wealth of knowledge and experience to Synack. Rashmi Gopinath, who leads enterprise investments at Microsoft Ventures, has helped guide many companies through growth stages and now will help Synack to leverage this alignment with Microsoft.

Synack’s global network of security researchers, supported by groundbreaking proprietary technology, uncover critical security vulnerabilities left undetected by traditional security solutions. Synack delivers a signal-to-noise ratio greater than 95 percent, manages all triage and operations, and provides an analytical view of the whole environment for the customer. In Synack’s most recent Hack the Pentagon program, over 2,500 hours were dedicated to exploiting sensitive Department of Defense (DoD) assets. The first critical vulnerability, discovered in under four hours, was found in a widely-deployed sensitive file transfer mechanism. It was then confirmed, triaged, and accepted by DoD within 24 hours.

For Synack Co-Founders CEO Jay Kaplan and CTO Mark Kuhr, former NSA operators working to combat terrorism in some of the highest stakes intelligence operations, their vision was to build a modern cybersecurity platform combining security intelligence vetted by the most elite and trusted researchers to help organizations understand and address their security risks. It was during that time they aspired to work with the best technology companies and minds in venture capital, and today’s investment makes this goal a reality.

Singapore, 21st March 2017 – Carro, SEA’s leading transactional auto marketplace today announced it has raised US$12 million in its latest round of funding. The funding will go towards developing Genie Financial Services a hire purchase provider that offers speedy auto loan approvals and artificial intelligence (AI) based chat-bots to customers.

Genie Financial Services, a wholly owned subsidiary of Carro is helmed by Helen Neo – a well-known figure with over 30 years’ experience in the auto-financing industry. “Helen brings with her in-depth knowledge of the space which we would have otherwise taken the Carro team years to acquire. We are confident that with her addition, it will bring the company to greater heights” Says Stefan Jung, Managing Partner of Venturra.

Everything from credit underwriting to customer service is done differently in Genie. Using algorithms, Genie can quickly and accurately reprice and compute a loan to suit the risk profile of the individual. In addition, Genie offers an artificial intelligence (AI) based chat bot service (aptly named Genie and available on iOS and Android) offering consumers 24/7 support to get information about auto financing or re-financing packages provided by Genie and other banks.

“Auto financing has not changed for decades and we want to do our part in making it more efficient”, says Aaron Tan, CEO of Carro. “Unlike other major automotive markets such as China and the United States, a larger proportion of consumers tend to take financing in Southeast Asia”. This makes the automotive financing market in Southeast Asia more attractive than its larger counterparts.

The genesis of Genie stems from an internal need. “As Carro got to scale, we realized that getting access to auto financing can be complicated. We setup a team to look into providing a one-stop, speedy, hassle free solution for customers looking for auto financing. That team eventually became Genie.” says Chandra Tjan, managing partner at Alpha JWC.

Consumers can also use the app to request for re-evaluation of their existing auto-financing loans and eventually the team at Genie would recommend the necessary course of action e.g. to stay put, redeem or refinance with an alternative financier.

“We wear different size of clothes, cuts, colors and design - auto financing should be the same. It should be tailored to suit your needs. We asked ourselves what would we do if we were to re-imagine the way auto financing is being offered. Rather than just being another financier, the team decided to redesign the entire customer journey and provide them with an alternative experience.” Says Edgar Hardless, CEO of Singtel Innov8

Barcelona, Bonn, Madrid, Paris, Singapore, 1 March 2017 – Following the success of its inaugural global call for start-ups last year, Go Ignite, an alliance of four leading telcos, has launched its second global call at the Four Years From Now (4YFN) technology and start-up event at the Mobile World Congress 2017 in Barcelona.

Go Ignite comprises hub:raum, Orange Fab, Singtel Innov8 and Telefonica Open Future_, the open innovation arms of Deutsche Telekom, Orange, Singtel, and Telefonica.

The Go Ignite Second Global Call is seeking growth stage start-ups that have market-ready solutions in Consumer Experience Artificial Intelligence (AI), Connected Homes, or Internet-of-Things (IoT) Security. Consumer Experience AI refers to the use of new technology to provide personalised customer support or new forms of customer interaction. Connected Homes are solutions that use software or hardware to enhance smart living or connectivity, while IoT Security leverages new technologies to keep vehicles, industries, smart homes and smart cities safe.

Mr Axel Menneking, Head of hub:raum explains, “We are very happy to announce the second call for the Go Ignite program. In the telco industry this program creates an unmatched win-win-situation. The participating teams can gain exclusive knowledge and fast access to new markets and we get insights into innovative solutions and can create new business opportunities.”

Mr Bertrand Rojat, Start-up Ecosystem Director, Orange said: “Following the success of our first call for start-ups last year, both in terms of the response we had and our ability to work together seamlessly across our accelerator programmes, this years’ call will see us putting our collective support behind some key areas for our business units: consumer experience AI, Connected Homes, IoT security.”

Mr Edgar Hardless, Chief Executive Officer, Singtel Innov8, said, “The Go Ignite alliance has been working with the winners of the first global call to deploy their solutions across various regions. Building on this momentum, we are excited to launch the second global call to engage more start-ups and accelerate the commercialisation of selected solutions. Together with the four telcos’ collective resources and large customer base, we have also enhanced the benefits for selected winners of the Go Ignite Second Global Call to help them bring their innovations quicker to the market.”

Ms Ana Segurado, Global Managing Director of Telefonica Open Future_ said, “At the heart of today’s innovation in tech is the need to shift our paradigms from that of a closed environment where boundaries create limits on amount achieved, to that of an open environment, where more ambitious goals get met. Go Ignite paves the path for us to work with start-ups that venture on telco related ideas allowing us to create the disruptive technologies of the future. We are excited to announce the Go Ignite Second Global Call with our partners to select the best start-ups together and help scale their products and services.”

The application window is open from 1 March 2017 to 30 April 2017 for up to five winners to be selected. The alliance members will provide the winners with mentoring expertise, contacts, office space, event support and access to a combined market of more than 1.2 billion customers across Africa, Europe, Latin America, the Middle East, South East Asia and Australia. The alliance members will provide them with a two-day training session with experts in telco innovation, technologies and investments practices, to help them refine their solutions and sharpen their strategies.

Through exclusive meetings, the winners will be given the opportunity to form business partnerships with the four telcos. They will also be introduced to the telcos’ key decision makers and’ venture capital teams where successful start-ups will receive funding to grow their business.

The inaugural Go Ignite global call last year was very positive for Contiamo, a German start-up. Its cloud-based data analytics proposal was selected as one of the five winners. Dr Tilmann Doll, Contiamo’s Chief Operating Officer said, “Participating in Go Ignite has been a huge success for us at Contiamo. We have been able to close contracts with multiple teams within Deutsche Telekom and Singtel and are still in active discussions with teams from Orange and Telefonica. In addition, we received very valuable feedback that helped us shape our product and bring it to the next level.”

Another winner was Blueliv, a Spanish cyber security start-up. BlueLiv’s General Manager Mr Gerard Cervelló said, "Joining the Go Ignite programme has helped Blueliv a great deal - we have opened or re-opened discussions with established cyber security teams from some of the largest telecom operators in the world and received very positive feedback on ‘Threat Intelligence’. At Orange for example, after two successful ‘proof of concepts’, we are now about to work directly with several international clients of Orange Cyberdefense, and are confident to find more business opportunities in the near future.”

To find out more about the Go Ignite Second Global Call, please visit

CAMPBELL, CA – Jan. 6, 2017 - Bitglass, the total data protection company, today announced it raised $45 million in series C funding. In addition to new investor Future Fund, existing investors NEA, Norwest, Singtel Innov8 and others participated ratably. The round brings Bitglass’ total funding to $80 million. Bitglass will use the investment to fuel its global expansion in the U.S., EMEA and APAC regions.

“Bitglass has all the ingredients for a lasting independent company - growing market, breakthrough technology and strong management team,” said Scott Sandell, managing general partner at NEA.

Cloud applications are now used in more than 59 percent of organizations worldwide for document editing, enterprise messaging, data storage, CRM and more. Bitglass recently surveyed more than 100 IT executives at the Gartner Symposium/ITxpo on their public cloud strategy. Respondents shared interesting insights on their current deployments and plans for 2017:

  • 22 percent plan to decrease spending on on-premises security infrastructure from Palo Alto, Cisco and Symantec. Nearly one in five have already decreased their spending on legacy security tools for their cloud application deployments.
  • Today 1 in 3 organizations are cloud only or cloud first.
  • A massive 82 percent of organizations have at least two cloud apps deployed. More than half of respondents have more than four sanctioned apps deployed.
  • More than one in four cited unmanaged device and external sharing control as the most desired capability in 2017.

Since inception in 2013, Bitglass has experienced exceptional customer growth - particularly in regulated industries, including healthcare, financial services, and life sciences. Bitglass enables security-conscious organizations to safely enable secure BYOD and adopt cloud-based applications such as Google’s G Suite, Microsoft Office 365, Box, Slack, Salesforce and more. The total data protection suite provides end-to-end security and visibility over corporate data on any device, anywhere. "Cloud and mobile are driving business data beyond the firewall, introducing new security and compliance risks," said Nat Kausik, CEO, Bitglass. "Bitglass uniquely delivers real-time inline data protection in the cloud, at access, and on any device. This funding is testimony to our strong position in the market and fiscal health."

New York, October 25, 2016 – DemystData, a big data technology provider, has raised USD $7 million in Series B funding, led by MissionOG, with follow on investment by Notion Capital and Singtel Innov8. This latest round of financing brings the total funding to USD $16 million.

DemystData will use the funds to grow their technology and client services teams while also investing to expand data partnerships to meet booming demand in the U.S. and Asia Pacific markets.

Since its Series A in 2014 DemystData has seen rapid client adoption and now supports growth and risk decisions for some of the world’s largest banks and insurers across 10 countries.

DemystData also announced the release of the Atlantic Platform, the world’s first solution of its type to assess consumer and small business risk on the back of massive streams of data, text, images, and log files, while improving compliance with emerging privacy law, all through a single API.

“DemystData is helping clients cut risk by up to 60% and increase acceptance and straight-through processing rates to convert more customers. We provide the key to accessing valuable data 10 times faster while adhering to increasing privacy constraints.” said DemystData’s Mark Hookey.

In conjunction with the financing, Gene Lockhart, Chairman and Managing Partner of MissionOG, and former CEO of Mastercard International, has joined the board. “MissionOG is investing heavily in the infrastructure layer of FinTech and DemystData provides a market leading platform to access that most essential financial services resource: data. One DemystData client told us it would take them 15 years to build this capability internally.”

“DemystData’s fraud and verification solutions have been particularly successful in the marketplace, with clients increasingly eschewing the more traditional technology solutions providers and preferring to work with best in breed big data technology providers like DemystData” said Patrick Norris, Principal at Notion Capital.

Learn more about DemystData by visiting

CAMBRIDGE, Mass., Sept. 15, 2016 - BitSight, the standard in Security Ratings, today announced that it has closed $40 million in Series C financing, bringing BitSight’s total cumulative funding to $95 million to date. Led by GGV Capital, BitSight’s Series C round also includes participation from previous investors, including Flybridge Capital Partners, Globespan Capital Partners, Menlo Ventures, and Shaun McConnon, as well as the venture capital arms of three major telecommunications companies – Comcast Ventures, Liberty Global Ventures, and Singtel Innov8. GGV Capital’s Glenn Solomon will join the BitSight Board of Directors. The new funding will be used to support expansion and partnerships in new geographic markets, make strategic acquisitions, and accelerate product innovation.

The BitSight Security Rating Platform generates objective, outside-in ratings on companies’ security performance. Using evidence of security outcomes from networks around the world, BitSight applies sophisticated algorithms to produce daily security ratings ranging from 250 to 900, where higher ratings equate to lower risk. BitSight provides Security Ratings to more than 450 companies, including Lowe’s, Ferrari, Hess, and Mondelez, to name a few.

“The extremely positive feedback we received from CISOs, security professionals and other industry insiders regarding BitSight’s market leading technology, growth, and customer adoption fueled our excitement to proactively lead this financing,” said Glenn Solomon, Managing Partner, GGV Capital. “BitSight has created what Gartner is now recognizing as the Security Ratings Services market. As more awareness around this technology is created, and as BitSight continues to build out the infrastructure for a world class security ratings agency, they are poised for great success.”

“We saw the huge market opportunity back in 2013 when we first invested in BitSight,” said Venky Ganesan, Managing Director, Menlo Ventures and Chair of the National Venture Capital Association Board of Directors. “Since that time, BitSight has further increased momentum, and this additional unsolicited, oversubscribed investment round will enable them to reinforce their leadership and market impact worldwide.”

Key milestones achieved since closing Series B financing in June 2015:

• Doubled sales for the first half of 2016 over 2015
• Quadrupled customer count to more than 450 enterprises
• Grew employee count by 58 percent, with a workforce spanning North America, EMEA and APAC
• Launched BitSight Discover to identify cyber risk accumulation by automatically pinpointing and assessing third and fourth party connections
• Established global vendor risk management partnerships with Singtel and IHS Markit
• Appointed professor of management at MIT, Michael Cusumano, as the risk industry’s first Security Ratings Ombudsman

“Our customers vote with their checkbooks, as do investors who see our future,” said Shaun McConnon, BitSight CEO. “We have now raised $95 million over the past three years, and with $60 million in the bank and 450 customers, 60 of whom are Fortune 500’s, BitSight’s growth is accelerating. We intend to add an additional 100 people to our current staff over the next 15 months, with a strong focus on engineering and sales. We will increase our brand, double our sales, and solidify BitSight as the global standard in security rating services. We have the people, the products, and the cash to accomplish these goals.”

Singapore, 13 September, 2016 – Singtel Innov8 announced the second installment of its Innov8 Connect programme that brings start-ups and Singtel Group members together to create innovative solutions for real world business challenges.

On the programme’s importance for innovating with start-ups, Mr Tay Soo Meng, Group Chief Technology Officer at Singtel said, “Innov8 Connect started as a win-win platform to help start-ups develop viable business solutions while allowing the Singtel Group to stay at the cutting-edge of innovation through continuous experimentation. We hope to uncover more innovative answers for real emerging business challenges with start-ups in this latest installment of the programme.”

The second installment rides on the success and momentum of the initial Innov8 Connect programme launched in January 2016, which attracted over 120 submissions from start-ups across 22 countries. Singtel shortlisted 14 start-ups for detailed discussions for potential proof-of-concepts (POCs) - some of which include: Xjera Labs for smart and safe city and Moogsoft, Opmantek and Zinier for enterprise operations.

Mr Edgar Hardless, CEO of Singtel Innov8 said, “We have been very encouraged with the results of the first installment of Innov8 Connect, which has clearly demonstrated the value that start-ups can bring to Singtel. We hope to repeat the success again in this second installment.”

In this new round of Innov8 Connect, 14 new business challenges have been identified by Singtel and its Australian arm, Optus, in areas such as the Internet of Things (IoT), augmented reality solutions and artificial intelligence. Please see Annex A.

Relating to this round’s challenges, Mr Hardless added, “We look forward to working together with more start-ups on the new set of business challenges from this second installment of Innov8 Connect. Through these real challenges that businesses face, we hope to spur greater innovation while identifying and supporting viable solutions that meet the Group’s needs.”

Selected start-ups will be provided with up to S$75,000 to test and validate the solutions with Singtel and Optus as proof-of-concepts. Successful solutions from promising start-ups may lead to further commercialisation with the Singtel Group, as they will gain access to an extensive customer base that includes both enterprises and over 600 million mobile subscribers across Asia, Australia and Africa. These start-ups will also have the opportunity to seek funding from Singtel Innov8 and tap on its network of co-investors and partners across the globe.

Interested start-ups can submit their proposals to Innov8 Connect from today onwards. The closing date for submission of proposals is 31 October 2016.

Innov8 Connect Application and Selection Process
For more information on Innov8 Connect, please visit the Innov8 Connect portal where briefs detailing the 14 new business challenges will be published. Start-ups with relevant solutions are invited to submit their applications through the portal from today. Selected start-ups will then be invited to pitch to a panel of management representatives from the Singtel Group.

Project Briefs
More details on the second set of 14 project briefs can be found in Annex A.


Annex A: Innov8 Connect Briefs for Second Installment starting from 8 September 2016 onwards

Brief Title

Short Description of Briefs

1. Enhancing customer experience with a voice-based digital interface

Solutions that provide voice control on existing devices and technology to enhance the customers’ digital experience.

2. Network security for the connected home

Solutions that protect the next generation of connected homes with a diverse mix of smart devices from emerging digital threats.

3. New consumer IoT application and services

Smart Solutions that utilise the next generation of IoT technologies to enhance our daily lives.

4. Revolutionising the driving experience

Smartphone solutions to provide smart concierge services to enhance the driving experience

5. Using augmented reality to empower customers

Smartphone solutions to provide augmented reality support to enhance user engagement of existing customer self-service activities.

6. Artificial intelligence and automation in network operations

Solutions covering networking optimisation, monitoring and troubleshooting to transform network operation centres into service operation centres.

7. Innovative video compression technologies

Next generation solutions to enhance video delivery for 3G/4G mobile infrastructure through advance techniques of compression.

8. Next generation workflow management platform

Workflow management solutions that support multiple mobile devices with a seamless dashboard offering reporting capabilities, central data repository, notification and alerts.

9. Automating in-store retail operations

Solutions to introduce and deploy automation within a retail environment to enhance in-store staff efficiency and customer satisfaction.

10. Next generation supply chain management platform

Solutions which utilise data-analytics and deep learning to optimise supply chain and inventory management.

11. Personalising the customer experience across different devices

Solutions that identify and recognise users uniquely across multiple devices to provide a consistent experience for them.

12. Transforming the contact centre experience

Solutions to integrate multiple applications and information sources on a single and easy to access platform to enhance the customer self-service and customer agent experience.

13. Family cloud service

Community-based solutions to provide cloud services that facilitates communal sharing of personal content and information.

14. Intelligent entertainment discovery

Personalisation solutions that intelligently aggregate and recommend content that are tailored to your personal preference and behavior across multiple sources.

Detailed briefs are available on


TEL AVIV, Israel, September 13, 2016 - Cato Networks, provider of the world’s first software-defined and cloud-based network with built-in enterprise security, today announced that it has raised $30M in a series B funding round. The financing was led by Greylock Partners, with participation from Singtel Innov8 and existing investors U.S. Venture Partners (USVP), Aspect Ventures and the company’s founders, Shlomo Kramer and Gur Shatz. The funding will allow Cato Networks to offer its cloud-based network security as a service (#NSaaS) solution, the Cato Cloud, to the global market, bringing the cloud’s transformative power to networking and security.

“Cato Networks is at the forefront of a significant shift in networking and security infrastructure. By combining network cost savings and network security infrastructure elimination, Cato is leading a cloud-based transformation in networking and security, mirroring the way cloud has redefined all other pillars of the IT infrastructure including applications, storage and computing.” says Jerry Chen, Partner at Greylock Partners and Cato Board member. “These market dynamics, coupled with the extensive industry experience and expertise of the Cato team, make us extremely excited about the future potential of the company and the impact it can have on networking and security.”

Today’s funding round, which is Cato Networks’ second after securing a $20 million series A round in June 2015, underscores a growing realization that the cloud will alter the way that enterprises address networking and security.

“Cato offers a totally new way to cut the cost and complexity of legacy, on-premise networking and security solutions by delivering them as a holistic, agile and scalable cloud service,” says Shlomo Kramer, co-founder and CEO of Cato Networks. “We aim to strengthen security posture with an agile network security platform that can scale to support any business need and rapidly adapt to emerging threats. Cato is paving the way for a new, scalable and simplified networking and security platform for enterprises of all sizes, and offers lucrative opportunities for channel partners in the networking and security domains.”

Cato Networks was recently listed as a sample vendor in Gartner Analyst Greg Young’s report, “Hype Cycle for Infrastructure Protection, 2016,” in the firewall-as-a-service category written by Jeremy D’Hoinne.

“Firewall as a service (FWaaS) is a firewall delivered as a cloud-based service or hybrid solution (that is, cloud plus on-premises appliances). The promise of FWaaS is to provide simpler and more-flexible architecture by leveraging centralized policy management, multiple enterprise firewall features and traffic tunneling to partially or fully move security inspections to a cloud infrastructure.”, said Jeremy D’Hoinne, a Gartner analyst. “FWaaS offers a significantly different architecture for branches or even single-site organizations. It also offers greater visibility through centralized policy, increased flexibility, and potentially reduced cost by using a fully or partially hosted security workload.”*

Major benefits of utilizing the Cato Cloud include:

  • Elimination of distributed networking and security appliances, and drastic reduction in the cost and complexity of buying, deploying, upgrading and patching them
  • Reduction of MPLS connectivity costs by dynamically offloading internet and WAN traffic to affordable and resilient internet links
  • Direct access to the internet at all remote locations, without deploying a dedicated on-premise network security stack
  • Ability to leverage an affordable, low-latency and global WAN between enterprise locations
  • Enforcement of a unified policy across remote locations, mobile users, and physical and cloud infrastructure without using multiple point solutions
  • Strengthened security posture with an agile, scalable and adaptable network security platform

“With the general availability of the Cato Cloud service and the rapid global deployment of the Cato Cloud Network, enterprises can cut cost and complexity out of their IT infrastructures while improving security posture and enterprise agility”, adds Gur Shatz, CTO of Cato Networks. “The Cato Cloud is currently in production with our first global, multi-site corporation and we are running concurrent pilots for different use cases across dozens of organizations”.

Bonn, Madrid, Paris, Singapore, 1 July 2016 – Go Ignite, an alliance between four telcos, announced today the five winners selected from its inaugural call for start-ups launched at Mobile World Congress 2016, which drew over 142 applications from the global start-up community. The winners were selected from the following categories: Blueliv for cyber security, Contiamo and Kentik under big data analytics, for content delivery and for customer experience enhancement.

All of the winning start-ups will be provided with business development opportunities by the partners of the Go Ignite alliance - Deutsche Telekom (hub:raum), Orange (Orange Fab), Singtel (Singtel Innov8), and Telefónica (Telefónica Open Future_). In addition, each start-up will receive support such as mentoring expertise, contacts, facilities, potential investment and access to a combined market of over one billion mobile customers across five continents.

Ms Nathalie Boulanger, Start-up Ecosystem Director, Orange said, “As our first call, we were greatly encouraged by both the calibre and diversity of entrants from across the globe. And we are hugely excited at the prospect of working with these winners to help bring them along and open up a global market for them, through our combined footprint.”

Mr Edgar Hardless, Chief Executive Officer, Singtel Innov8, said, “The Go Ignite alliance helps start-ups succeed in multiple markets by providing them with the right resources that are critical for their commercialisation. The inaugural results of the first call from this alliance are very promising and demonstrate our ability to attract a wide pool of great start-ups to collaborate with the four leading telcos. Given this promising start, we want to maintain the momentum and work closely with the alliance members to help the five inaugural winners to adapt and market their solutions across different regions.”

Mrs Ana Segurado, Global General Director, Telefonica Open Future_ said, “It is an exciting time for the Go Ignite alliance as the announcement marks the beginning of business development opportunities for our call winners. We strongly believe that open innovation initiatives such as the Go Ignite program will bring benefits for both large telco and start-ups with significant traction. The results so far show the alliance members real commitment and unity to collaborate with start-ups and support their growth.”

Mr Axel Menneking, hub:raum, Deutsche Telekom said,“ ‘Win with Partners’ is a key cornerstone of Deutsche Telekom’s strategy. Therefore we are excited to be a part of the Go Ignite alliance because this true open innovation program enables us to benefit in two ways: by transferring relevant cutting edge start-up innovation into our businesses and by jointly addressing unsolved industry problems in collaboration with other leading telcos.”

Go Ignite ( is an alliance aimed at connecting the start-up ecosystems across Asia, Africa, Europe, Latin America and the Middle East. The Go Ignite global call for start-ups encourages teams world-wide to enter their projects into any one of the categories identified by the alliance to be of strategic interest. Participating start-ups will get to win business development opportunities with the alliance members – which allow them to adapt and market their solutions across multiple continents that could reach a billion mobile customers, on the back of the combined alliance resources.

About the winners

Blueliv ( – Blueliv is a leading provider of targeted cyber threat information and analysis intelligence for large enterprises, service providers, and security vendors. Blueliv’s turnkey cloud-based platform addresses a comprehensive range of cyber threats to turn global threat data into predictive, actionable intelligence that detects, identifies, and helps stop cyber threats. In 2015 Blueliv has achieved “Cool Vendor” status in Gartner Communications Service Provider Security report.

Contiamo ( - Contiamo allows organisations to derive actual value from their data through better informed decision-making and data-driven automation. It is a cloud-based data platform built around a unique data integration layer that accesses and combines data from common software and services, data stored in the cloud and data remaining on-premise. Contiamo makes this data available for exploration, prediction and automation so that organisations can close the loop from analysis to action.

Kentik ( - Kentik offers flow-centric network monitoring and analytics using an innovative combination of big data and SaaS. The Kentik Detect service collects network data such as NetFlow, sFlow, and IPFIX records, augmented with BGP, geolocation and DNS data, and turns it into network intelligence for informed and efficient network operations, security operations, and network engineering/planning. ( - is the continuous delivery cloud and high availability hosting solution that Developers love, that Operations envy and that lets website CEOs, CIOs and CDOs sleep. Since launch in June 2014, it has won 2,000 clients in 100 countries including key references such as the British Council (UK), Perfectly Posh (US), El Universo (Lat. Am.), Parc Astérix (FR), Le Temps and Sud-Öst Schweiz (CH). ( -, a French software company, provides Proxy-as-a-Service, which turns any API into a real-time experience, without requiring server-side code.'s proxy polls APIs, caches responses, and pushes incremental updates to servers, applications and devices, allowing the focus to be on user experience as well as reducing the server load and preventing scalability issues.

Singapore, 13th June 2016 – Carro, Singapore’s leading end-to-end car marketplace, raises US$5.3M in Series A funds led by Lippo Group-backed venture firm, Venturra Capital, with participation from several Indonesia, Singapore, Japan and China based funds including Singtel Innov8, Golden Gate Ventures, Alpha JWC, Skystar Ventures, GMO Ventures, Zebra Global Fund and more.

“This round of funding underscores our commitment to provide car buyers and sellers a greater degree of trust and transparency around the region”, says Aaron Tan, CEO of Carro. “We raised from over ten institutional funds representing various parts of the region in order to prepare ourselves for entry into each market. We are on track to bring Carro to over 350M people in Singapore, Indonesia, Malaysia, and Thailand by the end of the 2016.”

Carro launched in November 2015 in Singapore by five former IDA National Infocomm Scholars who met while pursuing graduate studies at Carnegie Mellon University in the US. Driven by common negative experiences buying used cars in both the US and Singapore, they left their jobs to build a data-rich, trusted marketplace for both car buyers and sellers. By directly connecting car sellers and buyers through its web and mobile platform, Carro has evolved the end-to-end experience between both parties into an efficient, delightful, money-saving transaction. Carro is now the most trusted virtual car dealership in Singapore, giving peace of mind to car buyers by certifying its fleet of direct-owner cars, providing attractive loans and insurance services, and being transparent on all costs associated with the purchase.

Unlike traditional used car dealers, Carro recognises the importance of trust between sellers and buyers, and assists both parties in their transaction through transparent car listings, test drives, and financing services. Transparent car listings include a free ‘Carro Certified 114-Points Inspection’ that captures every performance and aesthetic detail of the car, giving buyers the data required for informed decision-making. Carro facilitates all transactions, and offers car transfer and financing services to ensure that the process of buying or selling on Carro is straightforward, transparent, and hassle-free.

Carro has rolled out several products to the market to enrich the car ownership experience. Launching today is Carro Workshop, a mobile app that recommends workshops to car owners based on types of services provided, workshop ratings and reputation, operation hours, and location. In addition to Carro Workshop, two other products were pushed into the market since February this year:

• utilises machine learning algorithms and proprietary data sources to accurately determine the fair market price of any car in the market. helps buyers and sellers determine the fair price for their cars, maximising the transaction value for both parties.
• Carro Accessories offers high quality, unique car gadgets sourced globally by our car specialists to Carro customer and fans

“Carro’s team impressed us with their technical capabilities, their great ambitions and the traction they achieved to date. Aaron and his team have built a platform that is superior for buyers and sellers to any existing platform. ” says Mr Stefan Jung, Managing Partner of Venturra Capital. “We are excited to work with Carro and to support the team as they grow their business over the next few years. ”

Carro’s competitive edge lies in its founders’ expertise in data analytics and visualization, machine learning, and product management. The team built 4 products within 6 months with a very small development team because the entire management team contribute directly to the development of the platform, and have proven experience building and managing products in technology, finance, and telecommunications companies. The company has become one of the largest virtual car dealership in Singapore, growing over 30% month on month since its launch, on track to hitting more than S$100 million in run-rate gross merchandise value by the end of the year.

Carro, which is a play on the words “Car Hero”, is available on iOS, Android and the web at

SAN FRANCISCO, CA – June 6, 2016 -- Moogsoft, the leading provider of real-time IT Operations Analytics (ITOA) software, today announced that it has secured $30 million over two phases of an oversubscribed round of Series C financing. New investor Northgate Capital led the first phase of the round joined by new investor SingTel Innov8 and existing investors Cisco, Redpoint, Wing and other equity holders. New investor Singapore Technologies Telemedia (ST Telemedia) led the second phase of the round with participation from HCL Technologies. The funding comes as the company surpassed its growth goals for the most recent fiscal year, and it will be used to fuel the expansion of Moogsoft’s global operations in Europe, Asia and the Americas.

"Moogsoft employs innovative technology and approaches to help address the challenges of managing hyper-converged IT infrastructure. The team brings deep relevant experience and the company's new solution has already gained traction with several lighthouse clients,” said Georg Mende, Principal at Northgate. “This is an investment from our Innovations Partnership platform backed by strategic investors from around the globe. Together we look forward to helping accelerate Moogsoft’s international growth.”

"Moogsoft is validated by blue chip enterprises and major service providers with massive, web-scale, complex IT architecture” said Nikhil Eapen, Chief Strategy & Investment Officer & of ST Telemedia. “ST Telemedia is an active investor that drives value across our portfolio. We are investing in infrastructure software & enterprise tech with standouts like Moogsoft that apply next-generation technologies to displace large existing industries by deploying enterprise solutions that are a paradigm change in terms of speed, robustness and flexibility. It’s clear Moogsoft is ready to scale deployments even further, from North America and Europe, and now to Asia.”

“Moogsoft is currently our strategic partner of choice for IT operations analytics and event automation, and a key platform for our next generation IT and Digital Operations Services,” said Anand Birje, Executive Vice President, HCL Technologies. “This investment represents our strategic interest in partnering with new generation start-ups. As one of the world’s largest and fastest growing providers in this space, with over 250 large enterprise customers, we believe our strategic investment in Moogsoft will enable us to bring richer operational analytics to our customer’s digital transformations.”

“As large organizations move towards more complex network and IT infrastructures, they will increasingly require scalable IT management solutions that are able to meet high service level expectations,” said Jeff Karras, Managing Director of Singtel Innov8. “Moogsoft has already demonstrated clear success with customers and made significant strides in terms of product innovation and building for organizational scale. We are excited to welcome Moogsoft into our portfolio of companies as it has the potential to create significant value within the strategic technology areas we are in.”

Moogsoft stands at the forefront of a generational shift in how modern operations teams across IT and Development manage their applications, networks, and infrastructure. Event and alert volumes are continuously increasing, while the scale, change, and complexity introduced by digital initiatives such as Cloud, Mobile and Microservices are unprecedented. Rather than rely on humans to manually analyze, correlate, and detect incidents from event streams, enterprise organizations trust Moogsoft to automate these tedious and manual IT support functions using Big Data analytics. Customers such asCisco, Royal Bank of Canada, Yahoo, GoDaddy, Deutsche Telekom, EMC and Fairpoint use Moogsoft to transform and automate their incident management processes across their production stack.

"Every organization needs to become digital, and a key part of that transformation is for IT operations to automate their support functions at global scale, without dealing with the complexity and operational noise of cloud, mobile, and micro-services architectures," said Phil Tee, CEO and co-founder of Moogsoft. “We surpassed all of our growth goals this past year, so it is impeccable timing for Moogsoft to close this oversubscribed round supported by visionary strategic investors, underlining the deep market support for the next generation of data driven, collaborative, model free service assurance”

In addition to closing its Series C round, Moogsoft surpassed its annual growth goals, achieving several notable milestones:

● Accomplished 350% bookings growth in FY15 across all customer segments, with international sales contributing to over 40% of total revenue.
● Achieved an 80% increase in new client acquisitions across multiple industry verticals including: Digital Enterprise, Traditional Enterprise, Managed Service Providers, and Government Agencies.
● Increased number of managed production hosts to over 3,000,000.
● Launched strategic OEM and reseller agreements with Cisco and HCL.
● Established eco-system partnerships with leading monitoring vendors like Splunk, Elastic, New Relic, AppDynamics, and Dynatrace.
● Developed over 90+ event source integrations for leading application, network, database, storage, and server event sources.
● Implemented a two-week agile release process so customers continuously received innovative features and new capabilities.
● Introduced SaaS, on premise, and hybrid-cloud versions of the Incident.MOOG platform.
● Appointed several key executives from top global technology companies including AppDynamics, BMC, and Glassdoor.

Bonn, Madrid, Paris, Singapore, 24 February 2016 – At the ‘Four Years From Now’ (4YFN) tech and start-up event taking place at Mobile World Congress in Barcelona, the innovation arms of Deutsche Telekom (hub:raum), Orange (Orange Fab), Singtel (Singtel Innov8), and Telefónica (Telefónica Open Future) today launched Go Ignite - a new brand for the alliance, formed in September 2015 to connect the start-up ecosystems across Asia, Africa, Europe, Latin America and the Middle East. To coincide with this, Go Ignite is also launching its first global call for start-ups to enter their projects into one of the following five categories: Internet of Things (IoT), cyber security, big data analytics, content delivery and customer experience enhancement.

The alliance offers a programme to help top start-ups find business development opportunities, accelerate the commercialisation of their innovations and scale their business outside their home market. Up to five innovative start-ups will be selected for the programme, which ends on 30 April. To find out more about the Go Ignite global call, please visit

To translate their ideas into viable solutions quicker, selected start-ups will benefit from the alliance members’ collective resources. These include obtaining insights into different markets, introductions to partners, the use of co-working spaces , potential investment, coaching, mentoring, invitations to start-up showcases and events and access to the alliance members’ operating businesses. They will also have the opportunity to gain access to Go Ignite alliance members’ business units and their collective customer base, which includes enterprises and consumers, equating to over one billion mobile customers across five continents.

OptiWi-fi, a Wayra-Telefónica Open Future startup whose unique patented Wi-Fi technology enables telcos to extend cellular services over Wi-Fi, has benefitted from this arrangement. “As a result of the collaboration between Orange and Telefonica, our engagement was accelerated and we are now working on a pilot for Orange’s Innovation Team. This is a great success for OptiWi-fi and should benefit Orange and its customers relying on Wi-Fi services in to the future,” said Mr Mark Burke, Chief Executive Officer of OptiWi-fi.

Another beneficiary is Idomoo, an Orange Fab start-up, which has developed a personalized video storytelling technology to engage customers at every touch point in the customer journey, through dynamic and real time videos. Optus, part of the Singtel Group, has partnered with Idomoo for a service that helps enhance responsiveness to customers. An initial project is underway to test and optimize the technology to assist in handling billing enquiries and improve customer experience.

Mr Min-Kin Mak, VP, hub:raum, Deutsche Telekom said, “Go Ignite was created by partners all fully committed to cooperate with start-up companies. Each of the involved carriers has built respective programmes to work with start-ups and to leverage corporate assets for many years. Now, linking all these initiatives under the Go Ignite programme brings a complete new level of support to start-ups. This is a clear win-win situation as Go Ignite is eager to attract and to work with the most promising and category leading start-up companies.”

Ms Nathalie Boulanger, Start-up Ecosystem Director, Orange said: “The Go Ignite alliance provides start-ups with an unrivalled opportunity to tap into the collective resources of four major global carriers, who collectively represent over one billion customers worldwide. The ability to help them, at a very operational level, to scale up their development is essential for start-ups, and we can offer them a wealth of services to help them tap into the support and business development opportunities they need at a critical time when speed and agility is of the essence.”

Mr Edgar Hardless, Chief Executive Officer, Singtel Innov8, said, ““The Go Ignite alliance helps start-ups succeed in multiple markets by providing them with the right resources that are critical for their commercialisation. Selected start-ups can expect access to the alliance’s business units and refine their solutions within a sizeable customer base. Combining our resources together, the Go Ignite programme can give start-ups a better chance to scale across markets worldwide. Given its deep connections and market insights in Asia where it is based, Innov8 is well-positioned to further open doors to emerging markets in the Asia Pacific region.”

Mrs Ana Segurado, Managing Director of Telefónica Open Future said: “In the hectic environment in which we are living in, it is impossible to think about successful innovation models that develop on their own. Collaboration has demonstrated to be the most efficient tool when it comes to put in place new technologies that help resolve global problems. With Go Ignite, the four telcos want to support entrepreneurs in turning their projects into innovative products and in fostering their growth, hoping to find new digital solutions for our final users that make their life easier.”

Thailand, 20 January 2016 – Intouch Holdings PLC. by Invent is teamed up with Singtel Innov8, an existing investor, to invest in ShopSpot Mobility Pte. Ltd., the developer behind one of Southeast Asia’s leading social commerce platform. The funding will support Shopspot in developing a 360-degree integrated services platform for social commerce aimed at satisfying the needs of buyers and sellers and creating the ultimate online shopping experience.

Social commerce is an attractive and fast growing market, especially in lifestyle products such as fashion and accessories. Consumers’ purchasing decision are increasingly influenced by word-of-mouth and recommendations by friends from their social circles. Thailand has one of the highest number of entrepreneurs in the region with the ability to produce quality lifestyle products.

Mr. Thanapong Na Ranong, Vice President of Venture Capital at Intouch Holdings PLC., said,
"This investment is a good collaboration between Intouch by InVent and Singtel Innov8. Both partners believe that ShopSpot is a company with great potential to expand rapidly in Thailand and Southeast Asia. This marks Invent’s 8th investment.”

“The foreseeable benefits of this investment include the synergy that ShopSpot can provide for Intouch Group and InVent’s portfolio companies. For example, AIS customers can enjoy shopping online via social commerce and conveniently make payment through mPAY” Mr. Thanapong said.

Mr. Natsakon Kiatsuranon, ShopSpot’s CEO and Co-Founder, said:
“I am glad and grateful for the confidence and support from Invent and Singtel Innov8. ShopSpot has come a long way, from winning the AIS Startup Weekend award in 2011, to joining the JFDI-Innov8 Bootcamp in 2012 and receiving funding from leading investors in the region.”

ShopSpot offers an enhanced online shopping user experience with its discovery and recommendation capabilities. In 2015, ShopSpot enjoys over 1.5 million visitors on a monthly basis. The company’s goal in 2016 is to accelerate the growth of ShopSpot’s business by strengthening our brand in the regional e-commerce ecosystem and to support other Thai brands’ aspirations to go global. ShopSpot will continue enhancing its platform with richer content and features, and will also introduce “ShopSpot Ecosystem: a 360-degree integrated services” with the support from leading partners such as AIS mPAY and others on the pipeline.

Mr. Chawanop Witthayaphirak, ShopSpot’s CTO and Co-Founder, said,
“This year ShopSpot has worked hard to cater to the changing needs of social commerce space. We have developed new capabilities to enhance the ShopSpot experience – by streamlining the on-boarding process for new stores and developing a store self-management system for merchants. We are also going to roll out the ShopSpot Guarantee system that allows buyers to trade with more confidence. Moving forward, we will continue to improve and evolve along with our partners to fulfill the needs for both merchants and consumers." The investors believe that the funding will enhance ShopSpot’s capability in platform and integrated services development. This will in turn create more opportunities for other new entrepreneurs in sectors such as telecommunications, IT, media and digital content businesses. Thisin turn, has the potential to bring benefits to the society in terms of job creation and economic expansion.

ShopSpot is available on Google Play Store, App Store and the web. To download ShopSpot, visit

Singapore, 12 January 2016 – Singtel Innov8 today launched Singtel Innov8 Connect (Innov8 Connect), bringing start-ups and Singtel together to create innovative solutions for business challenges faced by the Singtel Group.

Through this programme, selected start-ups will receive up to S$75,000 to test and validate their solutions with Singtel. Successful solutions may lead to commercialisation with the Singtel Group, providing start-ups access to the Group’s customer base, which includes both enterprises and consumers and over 575 million mobile customers across Asia, Australia and Africa. They will also have the opportunity to seek funding from Singtel Innov8 and tap on its network of co-investors and partners across the globe.

Mr Edgar Hardless, CEO of Singtel Innov8 said: “Since Innov8’s launch in 2010, we have invested and partnered with many talented start-ups globally to help them expand their businesses and introduce innovative technologies to the Singtel Group.”

“Entrepreneurs are looking for problems to solve. This programme enables Singtel to share real-world business challenges and invite solutions from start-ups globally. It is an excellent opportunity for start-ups to work directly with Singtel’s business units and validate their solutions,” he added.

Mr Peter Ho, CEO of Hope Technik, a Singtel Innov8 portfolio company said: “The investment and support from Singtel Innov8 have really helped Hope Technik punch above its weight class. Through Singtel, we have a better understanding of the opportunities and challenges faced by large enterprises, which allows us to create more relevant and impactful solutions.”

As the venture arm of the Singtel Group, Singtel Innov8’s mandate is to scout and provide the Group with insights and early access to emerging technologies, as well as to nurture the innovation ecosystem in Southeast Asia. Innov8 Connect is part of Singtel Innov8’s initiatives to create greater awareness for Singtel’s innovation agenda and engagement with start-up ecosystems.

Innov8 Connect Application and Selection Process
Through the Innov8 Connect portal (, Singtel Innov8 will publish briefs detailing various business challenges. Start-ups with relevant solutions are welcomed to submit their applications through the portal. Selected start-ups will then be invited to pitch to a panel of management representatives from the Singtel Group. After a rigorous selection process, one company per brief will be chosen to work with Singtel to trial its solution.

Project Briefs
The first set of 10 project briefs are focused on business challenges in areas such as enterprise cloud, smart and safe city and customer experience.

The briefs are now open for submission from all start-ups in Singapore and across the globe at

SAN FRANCISCO – Sept. 30, 2015 – Teridion, the cloud-based networking company that delivers the fastest internet experience, today announced general availability of its advanced Global Cloud Network to provide up to 20x performance improvement for end-user generated bi-directional Internet content. The company’s solution is currently being used by more than 15 companies spanning some of the most bandwidth-demanding applications and services, such as hosting and file sharing, rich media and advertising. Teridion also announced a total of $20 million in funding, having closed a $15 million Series B round of financing led by Singtel Innov8. Existing investors JVP and Magma also participated in the round. With the general availability of its flagship product and funding, the company will accelerate its go-to-market strategy and grow its team both in the US and internationally.

“The Internet is an incredibly powerful tool, but until now, we have struggled to take full advantage of its capabilities. It’s still common for us to fall victim to slow response times and volatile connections,” said Elad Rave, founder and CEO of Teridion. “We are breaking down these boundaries and providing users with a seamless Internet experience – no matter their location, device or application. It’s our goal for our SaaS customers to be able to generate additional customer loyalty, and the funding and general availability of our product are major steps in this direction.”

Meeting the Demands of Modern Applications and Services

Today’s applications and services need to deliver content to users at unprecedented speeds, without sacrificing quality or reliability. As these technologies continue to advance, the effectiveness of traditional content delivery and WAN optimization approaches are diminishing. Teridion solves this fundamental problem by providing a high performance, reliable Internet experience that addresses the low latency, highly dynamic applications brought to market everyday. Early customer deployments have shown up to 20x improvement in Internet performance, offering an opportunity for organizations to build applications without compromise. With Teridion, businesses achieve new levels of customer engagement and retention, ultimately driving up revenue.

“Enterprise businesses rely on the flexibility of the Egnyte platform to securely share files, collaborate and maintain control over important data, no matter the storage provider, cloud, application or device. We want our customers to be freed from worrying about Internet connectivity or their geographical location," said Kris Lahiri, vice president of operations and chief security officer at Egnyte. “Fast response times and always-on reliability are vital to IT professionals and business users alike, and Teridion helps us consistently deliver high performance across our solutions and services.”

Teridion is able to achieve this speed and reliability on SoftLayer infrastructure from IBM Cloud. Through the IBM Global Entrepreneur Program, IBM Cloud’s startup ecosystem, Teridion has received free mentoring, support and SoftLayer infrastructure via the program’s Catalyst option.

"By supporting startups like Teridion, IBM continues to reinforce its commitment to provide entrepreneurs with the mentoring and cloud technology they need to bring next generation technologies to market quickly,” said Sandy Carter, general manager for IBM Cloud’s ecosystem and developers. “Because IBM Cloud infrastructure is flexible, reliable and globally dispersed, it’s a great foundation for Teridion, which manages a large volume of traffic in order to deliver fast Internet response times to end users around the world.”

Designed for bi-directional, user-generated Internet content, Teridion features:

The Teridion Global Cloud Network – Bringing intelligent routing to the cloud. Proprietary algorithms and the Teridion Management System, in conjunction with Teridion Measurement Agents, provide a real-time congestion map of the Internet to find the best possible path, taking into account bandwidth, latency and geography.

High performance, low latency – Up to 20x Internet performance improvements, enabling users to rethink what’s possible online.

Unparalleled flexibility – Teridion Cloud Routers are created on demand, providing scalability and enabling users to only pay for the resources consumed. The solution works with the largest cloud providers in the world to ensure the speed and reliability of traffic, without requiring customers to leave their cloud provider.

Bolstered security – Teridion does not cache users’ data, and end-to-end SSL encryption with no termination secures data across the network.

Simple onboarding – With no hardware or software to install, and quick and easy provisioning, a typical cloud customer can be connected to the network in under an hour.

The solution is now available, and is priced based on data volume or users. For more information on Teridion’s solution, please visit

9 September 2015 – The start-up innovation arms of Singtel (Singtel Innov8), Orange (Orange Fab), Deutsche Telekom (hub:raum) and Telefónica (Telefónica Open Future) have joined forces to bridge the start-up ecosystems across Southeast Asia, Africa, Europe, Latin America and the Middle East.

The partnership aims at catalysing the growth of eligible start-ups and launching them beyond their respective home markets. Selected start-ups will have the benefit of tapping into the resources and network of the four leading communications companies. This includes market insights, introductions to partners, the use of co-working spaces and access to the companies' operating businesses. Selected start-ups may also have the opportunity to gain access to the operators' collective mobile customer base of over one billion people across four continents.

Mr Edgar Hardless, CEO, Singtel Innov8, said: "This is a great opportunity for us to deepen our connections with leading innovation hubs around the world. More start-ups harbour aspirations to venture beyond their own markets and go global. Through Singtel Innov8's deep connections in Southeast Asia, we can help open doors for African, European, Middle Eastern and Latin American start-ups to the region. Similarly, our portfolio companies can leverage this partnership to expand beyond their home markets."

Ms Nathalie Boulanger, Start-up Ecosystem Director, Orange said: "Having built up extensive experience of working hand-in-glove with start-ups across the world, Orange sees the formation of global partnerships such as this as the critical next step to ensure that digital innovators continue to flourish. With our collective and complementary footprints spanning four continents, we can provide start-ups with access to new markets, thereby enabling them to accelerate their growth further."

Mr Min-Kin Mak, VP, hub:raum, Deutsche Telekom said: "With the partnership between Deutsche Telekom, Orange, Singtel and Telefónica, we see a huge opportunity to develop the bridges between the ecosystems in Asia, Africa, Europe and Latin America and to provide start-ups with critical market access, funding and expertise to become more successful with their international expansion."

Mrs Ana Segurado, Managing Director of Telefónica Open Future said: "This agreement is a unique opportunity to reinforce our engagement to develop open and innovative initiatives to help telco operators enhance the digital experience of companies all over the world. With this alliance, Telefónica seeks to complement its open innovation strategy, being its latest key initiative since the launching of the Communication Investment Platform (CIP) 5 months ago. As a leader in the CIP, Telefónica Open Future is establishing itself as a front runner in forming ‘innovation factories' to create new and disruptive technologies".

The partnership benefits are available to start-ups supported by hub:raum, Orange Fab, Telefónica Open Future and Singtel Innov8, as well as all members of Innov8 Sparks – a network of start-up support and funding initiatives across Southeast Asia, founded by members of the Singtel Group.

SANTA CLARA, Calif. – April 28, 2015 - DataTorrent, the leader in real-time big data analytics and creator of the world's first enterprise grade real-time stream processing platform (RTS) on Hadoop, today announced that it has closed a $15 million Series B financing round. This round is led by Singtel Innov8, with additional participants including GE Ventures and all existing investors from the company's Series A round. In conjunction with today's announcement, Singtel Innov8 Managing Director Jeff Karras will join the company's board of directors.

The new funding brings the total amount raised to $23.8 million and caps off a year of milestones for the company including two releases of the DataTorrent RTS platform, the introduction of two private beta projects that enable faster time to insight and drag and drop application development and the company's recognition by Gartner as a "Cool Vendor." The company previously raised an $8 million Series A round in June 2013, led by August Capital. Other participants in that round included AME Cloud Ventures and Morado Venture Partners.

Big data is increasingly stretching the business intelligence and analytics needs of enterprises, with organizations demanding faster insight and time-to-action for both data-in-motion and data-at-rest. The DataTorrent RTS platform provides end-to-end data pipeline optimization including data ingestion, transformation, advanced analytics, alerting and automated actions. Additionally, the platform's open source library of hundreds of Java-based operators enables rapid big data application development.

"More and more organizations are looking towards big data analytics to provide valuable insights for their business operations, but lack easy to use, intuitive tools for big data to uncover these insights in a timely manner themselves," said Karras. "The DataTorrent platform uniquely enables broad accessibility of analytics for both batch and stream processing allowing organizations glean faster insights and to unlock the value of their data."

"As more machines are connected to the Industrial Internet, industrial organizations are generating an overwhelming amount of data at high velocity," said Brett May, Head of Venture Capital and M&A at GE Software. "DataTorrent enables companies to capture and use structured or unstructured data to gain insight and take action in real time. We are excited to see the product innovation at DataTorrent and to support their continued growth."

"With a customer base that includes Fortune 100 companies as well as innovative web-based organizations, DataTorrent continues see demand across the enterprise for the DataTorrent RTS big data analytics solution" said Phu Hoang, co-founder and CEO, DataTorrent. "Today's investment will allow us to continue to innovate our platform and make data analytics accessible to enterprise customers at all levels and roles – data center operations, developers, data scientist and business analysts."

San Francisco, CA—March 25, 2015 — August, the technology company that brings a new level of control, security and trust to the home, today announced that it has raised $38 million in Series B funding led by Bessemer Venture Partners, with participation from Comcast Ventures and Qualcomm Incorporated, through its investment arm, Qualcomm Ventures. This brings the company's total funding to $50 million with previous investors including Maveron, Cowboy Ventures, Industry Ventures, Rho Ventures, and SoftTech VC, all of which participated in the Series B round. August will use this latest round of funding to launch new products for home access, expand further into retail markets, and grow the San Francisco based team.

August, co-founded by technology entrepreneur Jason Johnson and renowned designer Yves Behar, launched its flagship product, the August Smart Lock, in Apple stores nationwide in October 2014. The Bluetooth® low energy smart lock combines intelligent software and hardware to let smartphones replace keys. August's intuitive iOS and Android apps let users send virtual keys to family, friends, and others to provide seamless access to their homes. In February 2015, the company released a new hardware device, Connect, which works alongside the August Smart Lock, providing it with a WiFi connection that enables remote access to the home and integration with other smart devices.

"Over the past two years, we've worked to deliver one of the most secure, intelligent ways to manage home access with the August Smart Lock and Connect, but this is just the entryway to a much larger vision," said Jason Johnson. "With this new financing, our team will define a new product category in the smart home, aiming to solve what we call the ‘last five foot problem.' There has always been talk of the ‘last mile problem' of bringing trusted services into the home. With our smart lock, mobile apps, and cloud-based access control, we offer homeowners, property managers, and guests a sophisticated and trusted way to control home access, bridging the gap between service providers and homeowners."

Bessemer Venture Partners' Rob Stavis will join August's Board of Directors. Stavis joined Bessemer in 2000 and is focused on investments in the financial services sector and in emerging software technologies. With his past experience in consumer software and mobile development, Stavis will act as an important resource for August as the company looks to build and define fundamental products for home access.

"Access control and security bring convenience and peace of mind to the digital home," said Rob Stavis. "Jason, Yves and the team at August have the right set of hardware, software, design and integration skills to realize this vision and extend in-home offerings in unexpected ways."

Additional investors participating in this round include CAA Ventures, Dolby Family Ventures, Global Brain, KDDI, SanDisk Ventures and Singtel Innov8.

SYDNEY: February 26 2015 - TokenOne, the Identity Assurance Platform provider that simplifies multi-factor authentication by replacing passwords and other security technologies with a single, simple software-based solution to access multiple services, today announced that it has closed a third round of financing.

The investment was led by Singtel Innov8, the Singtel Group's corporate venture capital fund, as part of the Optus-Innov8 program. Other investors included the BlueChilli Venture Fund (TokenOne was an original BlueChilli company), Black Sheep Capital and Mirin Capital.

"This additional funding is a great vote of confidence in TokenOne and particularly our vision of how organisations can provide the next generation of user-centric authentication solutions to their employees and customers, while also meeting their security and legal compliance obligations" said Phil Cuff, Executive Chairman of TokenOne. "TokenOne will use the funds to expand internationally, further build its sales and marketing team, and accelerate development of the next version of its Identity Assurance Platform."

Edgar Hardless, CEO of Singtel Innov8, said "As cyber security becomes increasingly important for companies and individuals, we believe TokenOne presents a compelling solution in identity assurance that is simple and secure for users and easy to provision for service providers. With this round of funding, we look forward to TokenOne continuing to develop its suite of cyber security solutions to further address this growing demand."

Mr Low Check Kian has been appointed as a director on the Singtel Innov8 Board from 15 January 2015.

Mr Low was previously one of the founding partners of NewSmith Capital Partners, an independent partnership providing corporate finance advice and investment management services. Prior to founding NewSmith Capital, he was a Senior Vice President and Member of the Executive Committee of Merrill Lynch & Co and its Chairman for the Asia Pacific region. He sits on the boards of Singtel, NOL, Cluny Park Capital and the Fullerton Fund Management Company Ltd.

Singapore, 9 January 2015 – Infocomm Investments Pte Ltd (IIPL), NUS Enterprise and Singtel Innov8 have together set up Block 71 San Francisco, a US-based co-working space to strengthen ties between start-up ecosystems in Singapore and the US. Singapore tech companies exploring business opportunities in the US can leverage this facility to better understand the US market, ‘set up shop' and expand their network into the tech community.

In addition, Block 71 San Francisco will provide opportunities for US-based entrepreneurs, companies and investors to find out more about Singapore and Southeast Asian markets, through networking events, talks by experts from Southeast Asia and other community activities.

The space in San Francisco builds upon the success of Blk71 in Singapore. Established in 2011, Blk71 in Singapore is home to a growing tech start-up community, having transformed from an old industrial estate into a key hub for high growth, innovation-driven technology start-ups in Southeast Asia. NUS Enterprise, Singtel Innov8 and the Media Development Authority were instrumental in this transformation, having set up a strategic incubation programme within Blk71. IIPL is an active investor and strong advocate of the Blk71 community, having partnered with professional accelerators to scale the development of promising and innovative young tech start-ups.

"Block 71 San Francisco is ideally located within the South of Market area, which is a dynamic, up-and-coming area for the technology start-up community. We are happy to be partnering two of Singapore's iconic investment entities, Singtel Innov8 and IIPL to extend Singapore's entrepreneurship community into the San Francisco Bay area. This is also a public-private-IHL sector partnership and we hope to see more such collaborations in the future," explained Dr Lily Chan, CEO NUS Enterprise.

"The setup of Block 71 San Francisco strengthens our role as an ecosystem builder to help local innovation driven tech start-ups scale fast and tackle important global challenges. Our partnership with NUS Enterprise and Singtel Innov8 is timely as Singapore is placing increasing emphasis on growing a culture and mindset of experimentation. It is no doubt that the Bay Area houses some of the best tech talents and community and we want to provide the collaborative space for our local tech start-ups to churn big ideas and push the boundaries further," said Dr Alex Lin, Head of Infocomm Investments.

"In our four years of operation, there's been a steady increase of US-based companies and venture funds looking to access the Southeast Asian (SEA) market. Likewise, SEA-based start-ups and venture funds are looking towards Silicon Valley. Beyond funding, Singtel Innov8's mission is also to nurture and develop a vibrant innovation ecosystem in the region. Block 71 San Francisco will help create synergies for the greater ecosystem," said Mr Edgar Hardless, CEO, Singtel Innov8.

San Francisco's high tech magnet, South of Market, was chosen to site the facility due to its increasing vibrancy as the home to major software and tech companies' headquarters as well as young, up-and-coming tech start-ups. There is also a strong investor and accelerator community in the neighbourhood that provides mentoring and coaching to help shape the start-ups that the market needs.

The facility will be available to companies supported by the IIPL, NUS Enterprise and Singtel Innov8. Block 71 San Francisco has co-working space, brainstorming rooms and a gathering area for community events. NUS Enterprise will manage the co-working space, while the three parties will organise regular community events for Singapore and US-based tech companies, professionals, students, investors to explore business opportunities, network and exchange knowledge. IIPL and Singtel Innov8 also have offices within the facility, to provide backing and support to Singapore-based tech start-ups.

In support of this venture, SPRING Singapore's Executive Director for Innovation & Start-ups, Mr Edwin Chow said, "It is important for technology entrepreneurs to adopt an international mindset from day one, and strive to take their business global. Block 71 San Francisco will be a useful, value-adding base for Singapore start-ups to grow in the US. A strong business relationship between the Singapore and US entrepreneurship communities will yield mutual benefit. We wish IIPL, NUS Enterprise and Singtel Innov8 all the best in their initiative".

Interested start-ups can contact

Ninja Blocks, makers of the home automation product of the same name, today announced a US$700K investment from local and international investors including Singtel Innov8, Blackbird Ventures and 500 Startups.

Ninja Blocks started in 2012 after selection into the high profile Australian startup incubator Startmate. The company has since gone on to become a leader in the burgeoning smart home industry. Ninja Blocks plans to use the investment to propel the launch of their next product - the Ninja Sphere and scale up their sales and marketing efforts globally.

Ninja Blocks CEO Daniel Friedman said: "We're thrilled at the opportunity to work with such a high calibre group of investors on the upcoming launch of the Ninja Sphere. The early success of our first product, the Ninja Block, opened our eyes to the scope and possibilities of home intelligence. What started as a simple idea has grown into a product we believe has true global appeal. Today's investment will help with the first step towards realising this goal."

The big difference between the Ninja Sphere and other smart home products is that it learns about the user, and their environment. It uses data from sensors and actuators to build a model that can inform users if something is out of place. It can monitor temperature, lighting, energy usage, people or a pets' presence, and anything else connected to the Ninja Sphere. By combining all this data the Ninja Sphere is the first device able to deliver truly intelligent control of the home.

Niki Scevak from Blackbird Ventures said "The team gave us an early sneak peek at the Ninja Sphere and we were simply blown away. The combination of sensors, gesture controls and intelligence put the Ninja Sphere is a league of its own. It's not really about home automation anymore it's all about home intelligence, that's where we see the next frontier. We believe Ninja Blocks have the right team and product to become the industry leader."

Edgar Hardless, CEO of Singtel Innov8 added "We are excited about Ninja Blocks' vision to make homes smarter. With Ninja Blocks' product and team, they have the opportunity to make a significant impact in this emerging space."

Initially the company will focus on the US market with the launch of a San Francisco office in early 2015. Daniel adds: "Our focus right now is on making the Ninja Sphere a household name in the US. To achieve this we will be setting a local presence, expanding the local team and focusing on delivering home experiences that feel truly magical."

CAMPBELL, Calif. (August 5, 2014) – Bitglass, a leader in data protection for the enterprise, today announced it has secured $25 million in Series B funding. New investors include a large global bank and Singtel Innov8, the venture investing arm of Singtel Group, Asia's leading communications group with over 500 million mobile customers. Existing investors NEA and Norwest participated in the round. Scott Sandell, general partner and head of NEA's technology investing practice, will join Bitglass' board of directors.

The capital infusion, which brings Bitglass' total funding to date to $35 million, will be used to expand sales, marketing and technology development of Bitglass' Total Data Protection solution. Bitglass offers the industry's most complete solution, securing corporate data in the cloud, at access and on mobile devices.

"Data security takes center stage in this era of cloud and mobile," said Jeff Karras, managing director of Singtel Innov8. "Bitglass is a leader in the US and we look forward to helping them gain global momentum."

Since emerging from stealth in January 2014, Bitglass has enjoyed strong demand for its Total Data Protection solution. The company currently enables customers in every major vertical, including healthcare, financial services, manufacturing and transportation to secure BYOD and cloud applications such as Google Apps, Salesforce, Microsoft 365 and Box.

"We are honored to attract capital from investors with a first-hand understanding of the markets we serve," said Nat Kausik, CEO of Bitglass. "The fresh capital will enable us to accelerate innovation and growth."

Bitglass' 2014 Cloud Adoption Report found that security continues to be the number one inhibitor to cloud and mobile adoption in the enterprise. Bitglass has delivered several disruptive innovations that are enabling enterprises to easily adopt the mobile devices and cloud apps that their business needs, including the following:

Cloud encryption – Bitglass enables enterprises to adopt public cloud apps while storing data encrypted in their own private cloud. Bitglass' patent-pending searchable full-strength encryption technology has been vetted by leading cryptographers.

Clientless BYOD security –Bitglass secures corporate data on any device with no software agents or profiles.

Data tracking and visibility – Bitglass' data-centric security embeds protection directly into the data, and automatically tracks, encrypts, and redacts sensitive corporate data based on policy and context.

User experience – Bitglass is completely transparent to end users allowing them to access corporate data the way that they normally do, without worrying about whether IT is monitoring their personal communications.

POKKT (Pocket), an alternate monetization platform for App Developers and Publishers, and part of GSF Accelerator's first batch in Mumbai, announces its Series A funding of US$2.5 million led by JAFCO Asia, the venture capital firm headquartered in Singapore, with participation from Singtel Innov8, and existing investors Jungle Ventures and K Ganesh.

A year ago, POKKT raised a seed round from Jungle Ventures and Samir Bangara.

POKKT was founded by Rohit Sharma, Ex-CEO, Digital Business Reliance ADA along with ex-colleagues Vaibhav Odhekar and Sharad Ingule. POKKT is helping App developers and Publishers solve their two biggest challenges today - "Discovery" & "Monetization". Using its Android, iOS and Windows SDK, App owners can see significant increase in monetization, which is over and above to what developers are already making through Ads.

Sharma said "In the past year, we have built a great team, got good traction from Publishers & Advertisers and focused on building a world class product & technology. With this round of funding we want to scale up the business, expand to more than 5000 developers globally and launch more products to help developers get their apps discovered and monetized."

He added that POKKT has also launched "Pocket Money", its consumer facing App in July, which will help App developers acquire customers in a targeted way.

Sharma added, that in partnering with JAFCO Asia and Singtel Innov8 for its funding round, POKKT will gain significantly from their extensive network in South East Asia as POKKT plans to quickly expand to those markets as well.

"The emerging markets in SEA is at the cusp of explosion in mobile advertising. POKKT serves a pressing need for the ecosystem and is well-positioned to capture the growing mobile advertising dollars. We are very impressed with the POKKT team's passion and speed of execution and excited about this partnership," said Supriya Singh from JAFCO Asia, who will be joining POKKT's Board.

Mr. Edgar Hardless, CEO, Singtel Innov8 further added "We believe that the team at POKKT is solving a genuine pain point for app developers and publishers. The platform also provides mobile app users more flexibility over how they consume digital contents/apps and advertisers a new marketing channel, creating a winning solution for all stakeholders."

Amit Anand, Managing Partner, Jungle Ventures concluded "We are excited about this new phase of growth for POKKT. The team has the product set and traction to be a regional category leader in the mobile advertising space"

New York, NY, May 28, 2014 - DemystData, a software provider that harnesses Big Data and predictive analytics to deliver information to financial services clients, has closed USD$5 million in Series A funding from Arbor Ventures, Singtel Innov8, Notion Capital, P2P Equity Partners, and Wonga Founder Errol Damelin. Existing investors in DemystData were Accion Venture Lab and Arbor Ventures. The funding will be used to grow the team and continue global expansion.

Financial institutions around the world struggle to access consumer and small business data, but data is increasingly available. DemystData software allows clients to bring together large volumes of online, social, telecommunications, and internal company data, in real-time, to create accurate and easy to use customer profiles. This allows DemystData clients to make better decisions. DemystData technology has now processed more than 30 million profiles for its financial clients globally.

"Big Data is booming; but data access, integration, cleansing, and interpretation is a real pain point for most financial institutions. That's all we do," commented Mark Hookey, Founder and CEO of DemystData. "DemystData software delivers enhanced consumer and small business risk information to augment existing systems and help clients say ‘Yes' more often."

DemystData's clients include some of the largest online, peer-to-peer, automotive, and working capital lenders in the United States and United Kingdom, as well as leading banks from across Asia Pacific.

"DemystData delivers fast, low-cost risk decision making across a wide range of clients. The service is providing great results with tremendous growth potential that we're excited to support," added Stephen Chandler, Managing Partner at Notion Capital.

"We believe DemystData's innovative technology platform's handle on unstructured data will benefit not only financial institutions but other industries such as telecommunications," added William Bao Bean, Managing Director of Singtel Innov8, a wholly-owned subsidiary of Singapore-based Singtel Group.

"Big Data is more than just a headline; it's delivering real value to financial institutions seeking to deepen market reach while lowering cost and risk by harnessing the power of non-traditional data." commented Melissa Guzy, DemystData Board Member and Managing Director of Arbor Ventures.

Having closed this new round of funding, DemystData plans to expand its team of client Data Scientists to meet increasing demand from banks and alternative lenders, as well as invest in new data partnerships to further enhance its leading API technology globally.

SINGAPORE, 24 April 2014 – KAI Square (KAI), a Singapore-based company offering Video-Analytics-as-a-Service (VAaaS), announced today it had secured S$4m in Series B financing from Ingrasys Technology (Ingrasys), a wholly-owned subsidiary of the Foxconn Technology Group, and Singtel Innov8 (Innov8). The funds will be used to fuel product development of new video analytic applications onto its cloud-based platform and market expansion outside of Singapore. The additional funding will also allow for product expansion of its home based solution targeted at family safety in late 2014.

CCTVs have traditionally been used for passive surveillance, but KAI has transformed and unleashed untapped value in these videos. The company's flagship product "KAI Unified Platform" helps business owners, such as retailers, analyze video footages and gain deep insights about their businesses in real time. With a subscription-based model, easy setup, and cutting edge analytics capabilities, retailers are now able to get real-time marketing data about their customers' profiles and shopping habits anytime and anywhere, thereby enabling retailers to improve their service quality and drive up their bottom line.

Mr Edgar Hardless, CEO of Singtel Innov8, commented "There is valuable information in everyday videos. KAI is at the forefront of developing capabilities in video analytics and the recent VAaaS product launch with Singtel has helped Singtel offer to its customers additional capabilities with everyday video. We are excited to be able to support KAI as they expand into new markets by leveraging Singtel Group's experiences, go-to-market capabilities, and strong industry network."

"We have been working closely with KAI in terms of cloud storage solution and hardware supply," Mr Ed Wu, CEO of Ingrasys, mentioned. "Ingrasys has been focusing on fields of cloud computing application, intelligent surveillance, big data platform, and has been a global leading developer in the segment. The investment is strategic for Ingrasys and win-win for both companies. Together with KAI, we will be able to provide additional value through video analytics for the customers."

"We are honored to have Innov8 and Ingrasys as our strategic investors. It is an affirmation of the vision that KAI Square is pursuing," added Dr Neo Shi Yong, CEO of KAI Square. "This strategic investment and partnership will enable us to expand into new markets and territories with access to Singtel Group, through Innov8, and enhance our product development with the leading edge technology Ingrasys brings."

Singapore, 9 April 2014 – Startups in Asia Pacific will now get more help entering new markets across the region, with the launch of Innov8Sparks today. A first of its kind in the region, Innov8Sparks is a network of technology startup support initiatives, from the Singtel Group and its regional mobile associates.

Founding members of Innov8Sparks include Singtel Innov8, AIS The Startup, Kickstart Ventures, Optus-Innov8 Seed, and Telkomsel "Teman-Dev". More information on these members can be found here.

With the formation of this network, supported startups will benefit from the assistance of Innov8 Sparks' member programmes to expand outside their home markets, into Australia, Indonesia, Philippines, Singapore and Thailand. This is unique to Innov8 Sparks.

For example, supported startups of Innov8 Sparks member programmes moving into regional markets will be provided working space, introductions to local partners and startup communities, as well as local market information and resources. Expanding beyond local shores is never easy for startups in the region, but the head-start provided by Innov8 Sparks members will help increase their chances of success.

Mr Edgar Hardless, CEO, Singtel Innov8, said "The formation of Innov8Sparks will help accelerate the growth of the startup industry and technology innovation in the Asia Pacific region. With our added ability to foster cross-border collaboration and cross-pollination of portfolio startups across the group, it will now be easier for startups to launch their new offering quickly and successfully."

Mr Dustin Cheng, CEO of ZAP, added "Entering new markets is especially hard for a startup. ZAP has benefited from new connections to both investors and partners in new markets provided by Kickstart Ventures across the Singtel Group. With the network now being formalised, many other startups will be able to experience these benefits too."

SAN FRANCISCO, CA (April 8, 2014) – Neura (, a leading early stage technology company focused on connecting the Internet of Things (IoT), announced today it has secured $2 million in funding, led by venture capital firm Greenhouse Capital Partners, alongside Singtel Innov8 Ventures, Pitango Venture Capital, TriplePoint Ventures, and prominent angel investors, including Ben Narasin and Isaac Applbaum. Neura is a graduate of Silicon Valley based accelerator UpWest Labs.

The funds will be used to further fuel the development of Neura's groundbreaking technology, which enables connected devices to offer a responsive and personal user experience by understanding an individual's patterns and behaviors. Additionally, Neura acts as a connective tissue that bridges devices, locations, people and the web, allowing devices to communicate with one another.

According to Gartner, Inc., the Internet of Things installed base will grow to 26 billion units by 2020. In the era of connectivity and interoperability, Neura aims to create key solutions that help devices communicate, correlate data, and intuitively adapt to individuals' needs.

"Currently, devices available within the marketplace don't correspond to their owners or to one another, with zero contextual understanding and adaptive learning abilities" said Gilad Meiri, CEO of Neura. "This funding will allow our team to finally develop the solution in which devices are empowered with intelligence and cooperate to understand the human element behind behavioral patterns."

"Neura represents one of the most exciting opportunities we have seen," said Peter D. Henig, Managing Partner with Greenhouse Capital Partners, and board member of Neura. "The combination of a wide open market within IoT, exceptional technology created by a sophisticated team of experienced entrepreneurs and engineers, and the opportunity to apply connectivity, big data, and intelligence all within one ecosystem clearly represents the future of connected devices."

The creation of Neura's technology comes at a time when the IoT industry is proliferating exponentially. GSM Association, which oversees mobile phone standards, predicts that machine-to-machine connections will grow from 195 million connections to 250 million - or 22% - by the end of 2014. By 2025, the total global worth of IoT technology is estimated to be as much as $6.2 trillion, primarily from devices in the healthcare ($2.5 trillion) and manufacturing ($2.3 trillion) spaces, according to The McKinsey Institute.

"The world has just begun to experience the vast potential IoT will deliver. Areas such as safety, healthcare, and security, will be enormously disrupted by IoT-fueled solutions," said Eitan Bek, General Partner at Pitango Venture Capital. "The Neura team has developed a robust platform that has proven significant potential, and we are pleased to help accelerate their company's success."

Los Angeles, California - The Walt Disney Co has agreed to buy Maker Studios, one of YouTube's largest networks, for $500 million, a deal that makes Disney a major online video distributor and should help draw more teens into the Disney entertainment empire.

The price tag could rise to $950 million if Maker hits certain performance milestones, Disney said, confirming what a source told Reuters earlier on Monday.

Maker, founded in 2009, is one of the largest video production networks on Google Inc's YouTube. Its producers target the younger millennial generation, known for its high appetite for online video.

"This gives a presence online to reach the millennial group that is increasingly getting its video online," said Kevin Mayer, Disney executive vice president for corporate strategy. "And it gives us a lot of data to help promote our other businesses to them."

The deal will be "mildly dilutive" to earnings per share through fiscal 2017, Mayer said. Disney's fiscal year closes at the end of September.

Maker helps produce and distribute videos to more than 380 million subscribers worldwide across more than 55,000 channels. Its videos now collectively garner some 5.5 billion views every month, according to the source.

The company, whose backers include Time Warner Investments, Upfront Ventures and Greycroft Partners, is partners with PewDiePie, the online persona of 24 year-old video gamer Felix Kjellberg. Kjellberg has more than 25 million subscribers and is YouTube's single most-subscribed star.

"Short-form online video is growing at an astonishing pace and with Maker Studios, Disney will now be at the center of this dynamic industry," Disney CEO Bob Iger said in a statement.

The deal is expected to close in Disney's third fiscal quarter.

SAN FRANCISCO and BEIJING – December 9, 2013 – Yodo1, Beijing-based publisher and platform provider for mobile games, today announced $11 million in Series B financing led by GGV Capital, a leading venture capital firm that invests in the US and China. Existing investor, Singtel Innov8 along with new investors Pavilion Capital and Iris Capital joined the round. The Company has raised $18 million since its founding in 2011.

As one of the first platforms to help Western mobile developers crack China's mobile games market of over 500 million users, Yodo1 will use the funding to strengthen its core business and support strategic expansion into the world's top smartphone markets. The Company's priority will be Japan and Korea, which are ranked first and second respectively for Google Play mobile revenue by country. Like China, both countries are difficult for outside developers to penetrate due to language and cultural barriers, native social network ecosystems and differing monetization models. As a first step in this expansion, Yodo1 has established a new production studio in Seoul to extend its co-production publishing model in the Korean market.

"Our games studio partners have been quick to embrace our co-production model and have grown with us to reach an active user base of more than 90 million mobile gamers in China, up 750% from 2012," said Yodo1 co-founder and CEO Henry Fong. "Now we're ready to tackle the world with globally tuned investors and developers who are eager to expand with us into new markets."

With over 30 games chart topping games over the past year and more than 10 million new users per month, Yodo1 is well positioned to accelerate its growth momentum by expanding to the global markets, in addition to continued growth of the China smartphone market with a projected 800 million install base in 2014.

"The convergence of mobile internet across global markets represents a dramatic growth opportunity. Yodo1 recognized this early on by bringing together Western developers and Asian gamers. Today, they are in a unique position to leverage this trend to expand throughout Asia and other top smartphone markets – and we are proud to invest in their growth," said Jenny Lee, partner, GGV Capital.

AUSTRALIA, 17 October 2013 - From today, tech innovators around Australia can now apply for funds, resources and support all year round from Optus‐Innov8 Seed, an early‐stage investment collaboration between Optus and Singtel Innov8. This change from a bi‐yearly application model, along with showcase events for startups launching in December 2013, will provide more chances for entrepreneurs to get a leg up that could shoot them into startup stardom.

Open for business all year round
With an application process now open throughout the year, innovators around the country can apply for funding when they're ready.

Peter Huynh, Director, Optus‐Innov8 Seed said, "Through feedback from the startup community, we're evolving the Optus‐Innov8 Seed model to offer support to startups when they need it."

"Early‐stage entrepreneurs have immediate needs for funding and support. Now we're open all year long, startups now have the freedom to approach us when the timing is right for them."

Bringing the startup ecosystem closer
Forming networks and relationships is crucial to hitting the big time, so Optus‐Innov8 Seed is launching a series of showcase events to help startups meet key industry players. Bringing early‐stage startups together with corporates, investors and fellow innovators in a casual setting will look to spark some useful connections that could lead to partnerships, investments and future opportunities.

Peter said, "In working with early‐stage startups over the last 18 months, we've really come to understand their priorities. The Optus‐Innov8 Seed showcase events aim to get key industry players together to connect and hopefully form fruitful business relationships. The reality is that for startups, customers and partners are just as important as funding."

"There are already some fantastic incubators, accelerators and co‐working spaces in Australia. We think the best way Optus can contribute is to provide opportunities for the community to come together."

The showcase events will commence in December this year, with each focusing on specific investment themes. The first will look at how the new digital age of innovation impacts the way we learn.

121cast and VenueMob move forward with Optus‐Innov8 Seed
Two startups going places are 121cast and VenueMob, both supported by Optus Innov8 Seed.

  • 121cast recently launched Omny, reinventing radio by delivering a personalised audio feed for listening on the go.
  • VenueMob, a startup that gives party people the power to find, compare and book functions, has expanded to include hundreds of venue partners in both Sydney and Melbourne.
Peter continued, "121cast and VenueMob are both examples of great local startups that have gone to the next level and we're proud to be with them on the journey. When they're ready to expand overseas, we'll be able to help them through our relationship with the Singtel Group and our startup support initiatives throughout Asia."

Company Raises Total of $61 Million in Series C. Investors Include Canal +, Astro, Singtel Innov8, Lakestar, Northgate Capital and Existing Investor Upfront Ventures

CULVER CITY, CALIF. – Sept. 12, 2013 – Maker Studios, a next-generation media company and the world's largest multi-channel network of online video content, today announced that it has completed the second and final part of its Series C financing. The second close of this round is $26 million and includes Canal +, Astro, Singtel Innov8, Lakestar, Northgate Capital and existing investor Upfront Ventures (formerly known as GRP Partners). The total raised in the Series C is $61 million.

The first part of Maker's Series C financing was led by Time Warner Ventures and included investments from Greycroft Partners; GRP Partners; Ynon Kreiz, Maker's executive chairman; Downey Ventures, the investment company for Robert Downey Jr.; Elisabeth Murdoch; FUEL: M+C, the investment company for John Miller and Jimmy Yaffe; Daher Capital; and Academy Award®-winning producer Jon Landau.

Today's news follows last week's announcement that Maker has acquired Blip, a leading technology platform for distribution of online video.

"Our objective is to expand our investor base to include major players in key international markets. With talent in more than 80 countries, our viewers outside the U.S. already account for more than half our total audience," said Ynon Kreiz, executive chairman of Maker Studios. "Our new partners will be instrumental in continuing our growth as a truly global media company. The new funding will allow us to further expand our team and executive talent globally, extend our technology offerings for content creators and brand partners, and establish our local footprint around the world."

Maker is the top producer and distributor of online programming worldwide, and partners with brands including Pepsi, Maybelline, Kia, Target and Warner Bros./Legendary Pictures.

Maker has more than 4 billion views online per month with 60,000+channels and more than 260 million subscribers. Maker also is home to many of online video's top digital stars and content including the all-time most-subscribed YouTube personality PewDiePie, KassemG, Nice Peter and EpicLLOYD's "Epic Rap Battles of History," the Shaytards, Snoop Dogg's WestFestTV, The Yogscast, The Gregory Brothers, Bad Lip Reading, Toby Turner and Mike Tompkins, among many others.

TOKYO and SAN FRANCISCO, September 2, 2013 – Rakuten, Inc. (4755:Tokyo), one of the world's largest internet services companies, today announced that it has signed an agreement to acquire global video streaming platform Viki. The acquisition represents a significant step forward for Rakuten as it continues to add to its digital content offerings and launch its internet services ecosystem into new markets.

Viki's totally unique business model creates new value for a global audience. Viki is a global TV and video site that uniquely brings primetime TV shows, movies, music videos and other premium video content to new audiences and opens up entirely new markets for content providers. Through its social TV and subtitling intellectual property, Viki's community of viewers have crowdsourced subtitles in more than 160 languages and translated more than 400 million words to date.

Rakuten Chairman and CEO, Hiroshi (Mickey) Mikitani, commented on the deal:

"Viki is a one-of-kind company with an entirely unique approach to video streaming that is truly global and truly engaging. They are fast, agile, and highly mobile. Their smart and creative approach to bringing popular content to global audiences will enable Rakuten to move quickly into new markets around the world."

"There are a striking number of synergies and shared philosophies between our two businesses; the Viki model is built on a powerful community, focused on removing the language barriers that have traditionally trapped great content inside geographical borders. Since our foundation, Rakuten's focus too has been to open up great services, content and goods to a global community. Viki is a perfect complement to Rakuten's joint philosophies of Empowerment and Shopping IS entertainment." Razmig Hovaghimian, Viki CEO and co-founder, adds:

"Our vision is very well aligned with Rakuten's focus on building a borderless digital ecosystem. We've built a truly global TV platform, with and for the fans, allowing content owners to reach the world in any language."

The Viki model has allowed us to unlock a massive torso of untapped demand. While viewers get to enjoy great entertainment they never knew existed anywhere, anytime and in their language, content owners get to reach a globally fragmented market, and increase the size of their target market multiple-fold through localization. Focusing on both content providers and fans, has allowed us to reach traditional TV like ratings online, with top shows getting translated in more than 50 languages."

With Rakuten, we can now focus on building an entertainment ecosystem that also seamlessly allows viewers and content partners to jump across platforms, and interact with relevant Rakuten products and services seamlessly. I am thrilled to enter our next phase of growth as part of the Rakuten family, creating a service that competes with the largest industry players."

Setting the Stage for a Global Rakuten Ecosystem

With this acquisition, Rakuten plans to leverage Viki's global footprint, content and language analytics and community-first DNA to further expand the scope of its $16 billion internet services ecosystem. Rakuten and Viki expect exponential growth in Viki's primary revenue driver, selling advertising against its video content. Viki also syndicates select content and has the potential to launch new revenue models. At the same time, Viki can now leverage Rakuten's 85 million registered users in Japan and deep digital commerce and media experience to grow its user base in Japan and Europe.

Rakuten began its march into global digital content in 2012 when it acquired Kobo Inc., one of the world's fastest-growing eReading services that now offers 4-million eBooks, magazines and newspapers to customers in 190 countries. That same year, Rakuten welcomed, an innovative Europe-based video-on-demand and streaming service, which recently began its international expansion beyond Spain by offering customers in the UK its premier movie titles catalogue and unique hybrid payment model. Viki perfectly complements's front-line strategy and extends Rakuten's digital content offering to include international primetime and mid-and long-tail content from leading broadcasters and distributors.

Terms of the deal were not disclosed.

Viki Facts
Launched: December 2010
CEO and Co-Founder: Razmig Hovaghimian
Offices: San Francisco, Singapore, Seoul, Tokyo
Employees: 50
About Viki: Video
Users: 22 million+
Mobile app installs: 12 million+
Minutes viewed per day: 40 million+
Streams per year: 1 billion+
Viewer countries: 200
Regional strengths: North America, South America, Asia
Words subtitled: 400 million+
Subtitle languages: 160+
Content highlights: 14K+ hours of global prime-time content from 40+ global broadcasters
Investors: Greylock Partners, Andreessen Horowitz, Charles River Ventures, Neoteny Labs, SK Telecom, Singtel Innov8, BBCWorldwide, 500 StartUps

New York City - August 1, 2013 - Singtel Innov8, the corporate VC arm of the Singtel Group, Asia's leading communications group, is investing $10 million in Fab. This is a particularly meaningful relationship for Fab. We are very pleased to have Singtel's insight as we explore our expansion plans in the Asia region. Fab is the place to discover the most exciting things in your life. Today, Fab sells in 28 countries across North American and Europe. We are developing plans to bring the Fab lifestyle to Asian markets.

Singtel has a lot in common with Fab – they serve a growing young, and sophisticated population of consumers who are looking for lifestyle products to reflect their optimistic, dynamic and vibrant approach to life. That matches well with the predominantly 25-45-year-olds that come to Fab to browse and buy unique and compelling items that they'll live with in their homes, wear, and gift.

Jeff Karras, Managing Director of Singtel Innov8, said that, "Fab has a unique and growing business, and is exactly the kind of company Singtel looks to partner to best serve our customers in Asia. We are pleased to lend Singtel's market knowledge and networks to facilitate seamless connections between infrastructure, technology and customer reach as Fab continues to build their global lifestyle brand."

Since the last annoucement of the initial round of Series D financing (which now brings our total fundraising to $320 million), Fab has made huge strides in executing against our priorities and vision. We announced the centralization of our operations at our New York headquarters, underscoring our shift from a flash sales model to more of a comprehensive global online lifestyle shop. We have momentum, we have growth, we have a solid team in place, and we have millions of customers worldwide that we want to continue to fall in love with Fab.

More Series D investors will be announced in the coming weeks and months, and we've decided to share that news as it occurs, rather than hold to announce all at once. We believe that Singtel will be an integral part of creating a superior customer service experience in Asia and are pleased to welcome them as part of our Series D financing round.

MENLO PARK, Calif. – June 20, 2013 – Today, Tempo AI, creator of the breakthrough personal productivity app, Tempo Smart Calendar, is announcing a $10 million Series A investment to advance its proprietary artificial intelligence (AI) technology. The round, led by Relay Ventures and Sierra Ventures, is aimed at improving the app's advanced AI and semantic learning machine to harness the massive quantities of calendar data and complex behavior patterns, creating personalized experiences that anticipate needs and complete tasks. To create a calendar that learns and improves with use, Tempo AI, an SRI International spin-off, leveraged AI research adjacent to the research that led to Siri.

The calendar is life's uber-dashboard to the "who, what, where, when and why" of the actions in one's day. Tempo Smart Calendar connects the dots by presenting all the information people need and then behaves like an assistant by making this information easily actionable right from the calendar. It was designed to be both beautiful and smart, saving time and eliminating hassles.

Common tasks are reduced to a single tap. Dial into conference calls, send a text when running late, check flight status or review an agenda—all without leaving the calendar. The new funding gives the Tempo team the ability to work on delivering solutions for more time-consuming tasks such as the complexities around scheduling meetings. Tempo AI could be used to enable attendees to know a person's precise location and calculate arrival time when someone is late, suggest a location that's midway between attendees or book more time when the schedule and travel time don't add up. Tempo is already the number one calendar for many people and will eventually become their go-to mobile assistant.

"We're on a mission to help people get more done by building a mobile assistant in the calendar that delights users with AI, picking up where Siri left off as the next evolution of assistants," said Raj Singh, CEO of Tempo AI. "We enhance massive amounts of data, and the calendar serves as the perfect framework because it has real context. It knows you, what you're doing, and where you're going. This is the future of big data engineering—to push the AI down into the individual bits of your calendar."

"Both the mobile calendar and the productivity category are just getting their first tastes of 'smart.' We think of AI as a layer across all apps, and Tempo is bringing it to the mobile calendar – from how we interact with it to what we expect," said Kevin Talbot, co-founder and managing partner at Relay Ventures. "What got us excited is that the calendar is just the beginning. Tempo is the perfect platform to connect all of the disparate content we have buried in our phones, infer intent and ultimately help us 'do' more."

Tempo Smart Calendar, the company's debut app, has seen tremendous traction since launching just four months ago. Tempo has applied AI to terabytes of data, including processing over 1 billion documents and enhancing over 100,000 unique conference call dial-in formats. It's a learning machine constantly improving its results. With one in five users now using Tempo as their default calendar, and users opening the app five times per day on average, the company is able to learn from this data to better understand, even anticipate, the actions most commonly made around meetings and calendar events.

Tempo AI has built a seasoned team of specialists from across the machine learning, artificial intelligence, and semantic search domains to tackle the computational challenges unique to assistant technologies. Kevin Talbot, Ben Yu, managing director of Sierra Ventures, and Norman Winarsky, vice president of SRI Ventures, have joined Tempo AI's Board of Directors. Winarsky is a leading authority on virtual personal assistant technology and was a co-founder and board member of Siri, an SRI spin-off company acquired by Apple in April 2010.

In addition to Relay Ventures and Sierra Ventures, this round includes participation from Tempo's previous investors in its $2.5M seed round, which was also led by Relay Ventures. These investors include Mayfield Fund, Horizon Ventures, Qualcomm Ventures, Singtel Innov8, Miramar Venture Partners, SRI International, Golden Venture Partners, Seavest Capital Partners, ENIAC Ventures, as well as angel investors Gaurav Garg (formerly of Sequoia Capital) and Peter Wagner (formerly of Accel Partners).

SINGAPORE, May 29, 2013 - TubeMogul announced that it successfully completed the second tranche of its Series C funding today. The funds will be used to expand the footprint of programmatic buying of video advertising throughout Asia. TubeMogul is backed by venture capital from a diverse group of financial and media heavyweights from both Asia and the United States. This round of financing was led by Singtel Innov8, the corporate venture capital arm of the Singtel Group. Cross Creek Capital, a venture fund associated with Wasatch Advisors, also participated in this round along with existing investors Digital Advertising Consortium, Foundation Capital and Trinity Ventures.

"TubeMogul fits perfectly into our strategy of investing in top advertising companies that are poised for rapid growth in Asia," says Punit Chiniwalla, Director, Singtel Innov8. "We are impressed by the product and team on the ground and look forward to working more closely with the company."

The company plans to use the capital to ramp up information technology infrastructure and hires in a region where it is already seeing traction. In the past year, TubeMogul's offices in Singapore and Sydney have grown from having a handful of sales executives to full teams spanning account management, marketing, and operations and planning. In addition, TubeMogul Japan, which was launched in February and led by CEO Masahiro Kano, has already signed on with several of the country's leading advertisers, including Digital Advertising Consortium and Omnibus.

In line with its expansion, TubeMogul opened an office in Beijing today, headed by Director of Business Development Sven Rossbach. Previously, Mr. Rossbach helped Cadreon (Interpublic Group's trading desk) develop a presence in Asia, pioneering global technology partnerships. At TubeMogul, Mr. Rossbach's responsibility is simple: introduce Chinese brand marketers and publishers to the programmatic buying of video ads, and grow TubeMogul's presence.

"Our private investments are focused on high-growth, late-stage companies with the potential to become public companies and TubeMogul fits that bill," says Karey Barker, CFA, Managing Director at Cross Creek Capital. "TubeMogul will continue to see high growth as marketers adapt to changing consumer viewing habits."

"Partnering with best-in-class buying platform TubeMogul will help DAC continue to push the frontiers of real-time buying in Japan," said Hirotake Yajima, President and CEO at DAC. "The result creates a powerhouse for marketers looking to harness the persuasive power of video advertising." "TubeMogul is simplifying what was once a complex ecosystem for brand marketers and quantifiably delivering on their goals," says Ashu Garg, General Partner at Foundation Capital. "We look forward to continued collaboration with the company."

"TubeMogul's singular focus on the intersection of branding and technology is resonating with marketers. In just over four years since Trinity first invested, TubeMogul has become an undisputed leader in programmatic brand advertising. We are delighted that TubeMogul is building a world-wide organization to bring its solution to marketers around the globe," says Ajay Chopra, General Partner at Trinity Ventures.

BEIJING/SAN FRANCISCO – April 16, 2013 – Yodo1 (, a leading publisher of Western smartphone games for China's 300 million+ iOS/Android market, has successfully raised $5 million in Series A funding. The funding will be used to meet incessant and continued demand from non-Chinese indie developers avid to enter the world's largest mobile game market.

This round was led by Singtel Innov8, a wholly-owned subsidiary of Singapore-based Singtel Group, with additional funding from original investor Chang You Fund. This announcement comes as Yodo1 reported 25 million active Chinese players of its many popular iOS and Android games, including Defiant Development's Ski Safari, XMG's Powder Monkeys, HandyGames' Clouds & Sheep, and Robot Entertainment's Hero Academy.

Yodo1 CEO Henry Fong notes that the company is experiencing exponential user growth, and incessant demand from Western developers eager to join its roster of partners. "So the challenge," as Fong puts it, "is keeping up with the demand from high quality studios." (See growth stats below.) This funding will expand Yodo1's production capacity to be able to work with more Western game companies, and build the company's platform and production team.

"Emerging markets such as China and Southeast Asia represent the most exciting prospects for mobile games developers," Fong explains, "with close to 1 billion mobile subscribers migrating from feature phones to smartphone handsets over the next 2 years." For that reason, he added, "the Singtel Group is a perfect partner for Yodo1, with over 450 million mobile subscribers across Southeast Asia and other high growth emerging markets, and growing."

Since publishing its first game in June 2012, Yodo1 has experienced strong user growth and engagement in China. Here's a sampling of relevant stats:

  • 25 million active Chinese players across all Yodo1's games as of April 2013
  • 5-6 million new players of Yodo1 games per month
  • Daily active users and revenue for Yodo1 now doubling on a monthly basis
  • 250+ Western game studios contacting Yodo1 since 2012
"Gaming is one of the fastest growing segments in the smartphone ecosystem, and Yodo1 has cracked the code on how to publish international smartphone games in China, one of the most difficult markets in the world," says William Bao Bean, Managing Director, Singtel Innov8 explaining the firm's reason for leading the Series A investment.

Some experts forecast China will have 500 million Android and iOS owners by the end of 2013 – most of whom play games on their phones on a regular basis.

To learn more about Yodo1 and how to mobilize your games in China, please visit

SINGAPORE/BANGKOK - 19 February 2013. Today ShopSpot Mobility announced the launch of its new mobile shopping platform. The ShopSpot platform, which will be offered on the iPhone first, brings fashion brands, retailers, trendsetters and offers together in one place to give consumers a more efficient and engaging experience when shopping on their mobile phones.

"In the past few years, e-commerce and mobile adoption have dramatically advanced in Asia, yet mobile commerce accounts for less than 11 percent of all online sales," said ShopSpot Co-Founder and CEO Natsakon Kiatsuranon. "Our goal is to become a dominant player in this space by creating products that fit into the behavior and requirements of the mobile consumer as well as the Asian retailer".

Launched first in Thailand, which is one of the fastest growing markets for mobile applications and services, the ShopSpot platform has information and products from hundreds of online retailers in categories such as fashion, beauty, gift, and gadget. The platform targets the fashion-savvy consumer who loves shopping and craving for a rich and intelligent browsing experience on their mobile.

"Over 25% of people in Southeast Asia own a smartphone. This means that one in four shoppers already have immediate access to an incredibly powerful device, no matter where they are. ShopSpot is leveraging that capability but is also making it more inspirational and fun with a fashion magazine meets social network style interface" said, Thomas Clayton, CEO of Sequoia backed mobile media company BubbleMotion, who also recently joined the Board of Advisors of ShopSpot.

The new iOS app launch also coincides with the ShopSpot revealing more details about its seed round. It received funding from Singapore-based Jungle Ventures under the Technology Incubator Scheme (TIS) of National Research Foundation, Singapore and Singtel Innov8. The Company has previously raised seed investments from a group of Thailand based angel investors led by Kris Nalamlieng and is one of the 11 startups graduating from the inaugural batch of the JFDI.Asia Innov8 Bootcamp.

Learn more at or download the ShopSpot iPhone App

Singapore – 11 December 2012 – "Where can I go for $200 this weekend?" Flocations PTE LTD, a popular online travel discovery tool, helping travelers answer that question, closed a pre-series round of funding, raising SGD 700,000 led by TNF Ventures. The investment is supported with additional capital from Singtel Innov8 and Singapore-based business angel Ben T Ball. finds getaways and short-haul breaks for travelers in Southeast Asia, in a fun and interactive way. presents users with an interactive map comparing travel options based on price rather than the traditional date and destination. The funding allows to offer a new set of innovative features, integrating both hotel and flights into their search by price methodology.

Tudor Coman, Co-founder at, said: "This is an extremely exciting step for Flocations as this funding allows us to launch our new feature set that combine both hotels and flights into one price, in addition to the continuation and finance of operations across Asia Pacific. This means users can search for a whole vacation just by putting in their price and also lets them discover places they never even thought of within seconds!"

Shirley Wong, Managing Partner at TNF Ventures, said: "Flocations' targeted market of short haul travellers and their search-by-price methodology is what's powerful. It changes the paradigm of traditional travel search and tries to disrupt the travel market by targeting a niche market." Flocations graduated among the first batch of 11 start-up companies from the JFDI-Innov8 2012 Bootcamp earlier this year. It was one of two companies to be earmarked for investment by Singtel Innov8 immediately following the bootcamp demo day.

"We are excited about the innovation Flocations will bring to the travel space," said Edgar Hardless, CEO, Singtel Innov8. "Everyone loves a bargain and Flocations changes the way travellers discover vacation spots, enabling them to learn about places they never considered within a budget."

Mountain View, CA – 28 November 2012 – (formerly DoAT), developer of an innovative HTML5-based dynamic mobile app platform, today announced it has secured $25 million in series C funding in a round led by the Silicon Valley-based venture team of Telefónica Digital. The latest round also includes investments from Singtel Innov8, Mozilla and previous investors including Draper Fisher Jurvetson (DFJ), DFJTF, BRM Group and Horizons Ventures. The Israeli-based company will use the funding to expand its team and drive's ongoing development. is powering a new paradigm for smartphones – changing them from "smart" to "dynamic." Rather than the static experience of today's smartphone, a dynamic phone adapts its offering of apps on the fly, matching the content and services a user needs with the most relevant apps available – whether locally or from the cloud. This shift bridges the gap between the web and applications on mobile. Apps appear on the screen according to user intent and are all instantly available and ready to use whether the user downloaded them or not. This dynamic platform enhances mobile OS and app store experiences by providing easy access to thousands of apps, games and services available on HTML5.

" was started to harness the power of HTML5 and the openness of the web to disrupt the mobile industry," said Rami Kasterstein, CEO and Co-Founder, "We see this investment as evidence of the capabilities of fully-mobile web apps, which provides to users at their fingertips, on demand. We are excited to be working with our new partners Telefónica, Singtel and Mozilla, who are driving innovation for consumers."

" represents a significant breakthrough in bringing the power of the web to mobile," said Carlos Domingo, Director of Product Development & Innovation, Telefónica Digital. "We are committed to driving greater openness in mobile ecosystems which will in turn spur innovation. This is why we are such strong supporters of Firefox OS. The integration of into Firefox OS will add a rich and compelling content experience for customers."

" is aligned closely with Mozilla's mission and goals," said Jay Sullivan, VP, Products, Mozilla. "Like us, they are committed to using the power of the web to bring the mobile app experience to consumers, regardless of the platform, OS or browser used. We are excited to be working closely together to further the abilities of the HTML5, and to create an outstanding content experience on the Firefox OS."

"We are excited to be a part of the team at," said Jeff Karras, Managing Director, Singtel Innov8. " offers a fundamental change to the mobile experience providing access to a broad universe of mobile applications and unlocking the power of HTML5."

" will change the way mobile users access and interact with mobile apps," said Tim Draper, Founder and Managing Director, Draper Fisher Jurvetson and Board Member, " emerges in the intersection of apps, HTML5 and cloud, to connect people with the information and the functionality they want in a more agile manner. For developers, it provides an open web and multiplatform (HTML5) playground to innovate beyond the limitations of the existing app stores. For users, it brings the right services to them at the right place at the right time. We look forward to the opportunity this latest round of funding provides in the future."

Milpitas, CA – November 14, 2012Vuclip, the world's largest independent mobile video and media company, has raised $13 million in Series D funding led by Singtel Innov8, a new strategic investor, and existing investors NEA and Jafco Ventures. The funds raised will be used to meet tremendous global demand particularly in Asia, the Middle East and Latin America, as well as to further innovation around Vuclip's media and advertising platform.

The rapid growth of Vuclip in the past year includes achievements such as hitting 45 million monthly active unique users and 1.2 billion minutes of video viewing per month, as well as approaching a double-digit million-dollar revenue run-rate. Additionally, the company has introduced an iOS app as part of a complementary app and browser strategy to address the needs of all mobile video viewers no matter the device or quality of network they are on.

"We believe that growth in mobile video is being driven by three major factors: the spread of low cost smart phones, rapid growth of mobile-only internet users and demand for compelling content. We see this happening in emerging markets in ways that are different compared to developed markets," said Nickhil Jakatdar, CEO, Vuclip. "This is very much informing our vision and strategy for reaching consumers, carriers, content providers and advertisers worldwide as a media platform and we believe we are on a unique, global path to success."

The Benefits of Vuclip
With Vuclip, 45 million monthly active users worldwide enjoy a consistent mobile video experience regardless of the model of device they own. Vuclip has pioneered ease of sharing across more than 5,500 different models of handsets and tablets, as well as compression of files by up to 80 percent, reducing the consumption of data in the newly capped mobile data plans.

Via Vuclip, global and regional content providers such as AP (Associated Press) and UTV benefit from being able to monetize quality mobile content while reaching as many viewers as possible.

Also, global brands such as Cadbury Silk and Samsung are able to branch out successfully into the burgeoning mobile video advertising space, gaining exposure to consumers who are highly engaged and within the right, tailored context for the brand.

Additionally, Vuclip partners with operators such as Vodafone and Airtel worldwide, offering incremental revenue opportunities, reduced tolls on data load in the face of growing mobile media consumption and custom products.

Commentary from Vuclip Investors
"Innov8 is focused on identifying the next generation of leaders in enterprise, network and digital media," said Jeff Karras, Managing Director, Singtel Innov8. "Vuclip has built an impressive user base, monetization strategy, and management team and is truly emerging as a leading mobile media company."
"Most of the world's first internet experience is on a cell phone," said Nick Sturiale, General Partner, Jafco Ventures. "Vuclip is the fastest growing video service since YouTube, but has much better engagement. The company is poised to be a dominant global media services platform."

"Today consumers have nearly unlimited options in how they spend time on their mobile devices, and Vuclip is clearly delivering content that consumers want to engage with," said Rohini Chakravarthy, Partner, NEA. "Sixty-five percent of videos consumed via Vuclip are shared--this is an extraordinary rate of social sharing, and it's driving tremendous growth in the company."

Australia, November 12, 2012 - The Optus-Innov8 Seed Program today announced its inaugural investments in the Australian startup scene, with 121cast and Venuemob being the first Australian startups to receive funding.

These investments kick off the Optus-Innov8 Seed Program's support of local early-stage startups in taking their business to the next level by providing funding, mentoring, networking and dedicated co-working spaces.

121cast and Venuemob have been recognised for their ingenuity, standing out in the pitch round that saw entries come in from all around the country.

Austin R. Bryan, Vice-President of Digital Communities and Ecosystems, Singtel Group Digital L!fe said, "The first round of the Optus-Innov8 Seed Program received a number of impressive entries that showcased remarkable ideas and concepts. This really validates our view that the startup community in Australia is bursting with talent and we are proud to offer them the opportunity to take their concepts to the next level."

Both launched in 2012, 121cast and Venuemob look to provide inventive solutions in two different areas. Venuemob has re-imagined the venue booking industry by providing users with a simple-to-use database of party and function locations in Melbourne. 121castoffers added convenience through a free and personalised digital audio feed to inform and entertain on-the-go.

121cast raised a total of A$250k led by Singtel Innov8 and co-invested by Adventure Capital, while Venuemob raised a total of A$450k, also led by Singtel Innov8.

Edgar Hardless, CEO, Singtel Innov8 said, "Singtel Innov8 complements the Group's digital strategy by investing in new technologies and entrepreneurial talent worldwide. We are excited to kick off our first investments as part of the Optus-Innov8 Seed Program in 121cast and Venuemob, and look forward to seeing more exciting ideas coming out of Australia."

The Optus-Innov8 Seed Program will be re-opening the application process in January 2013, where startups across the country can submit their innovation for the summer intake. More details and information can be found at

About 121cast (
121cast is the Melbourne based startup behind SoundGecko, a free service that converts text into spoken words, allowing users to listen to any news article or web page on the go.

121cast's next-generation personal radio product, designed to help people sidestep the barrage of digital information available, formed the foundation of the Optus-Innov8 Seed Program's interest. It aims to change the way broadcast content is delivered to mobiles by offering a free and personalised radio feed made up of your news, weather, social network updates, podcasts and more to inform and entertain on-the-go.

A resident at co-working space York Butter Factory and a graduate from the Melbourne University Accelerator Program, the team behind 121cast consists of Long Zheng, Andrew Armstrong and Edward Hooper. The team recently returned from Silicon Valley after exhibiting at TechCrunch Disrupt.

Long Zheng, Co-founder, 121cast said, "The Optus-Innov8 Seed Program is a significant new opportunity for early stage Australian startups and we're very excited to have both Singtel Innov8 as the investment partner and Optus as a strategic partner. With their technology expertise and business network, we believe the support from Singtel Innov8 and Optus will strengthen our product and business development."

About Venuemob (
Venuemob provides information and booking access to a hand-picked selection of Melbourne's best bars, restaurants, reception centres and function rooms.

With over 300-plus event spaces across Melbourne, ranging from award-winning bars and restaurants like the Golden Monkey and The Botanical to hospitality groups such as the Publican Group and JBS Hospitality, Venuemob has provided the local social scene with the ultimate party planning guide. The team is also looking to spread its wings across Australia and incorporate venues from around the country.

Besides giving locals an easy way to discover and book the hottest venues, Venuemob's service also delivers another effective channel for owners to market their businesses and generate additional bookings.

The Venuemob founders are no strangers to the startup scene. David Wei and Ying Wang previously teamed up to start a group-buying business, which was sold to Groupon in 2011. Along with James Giang, the trio have successfully launched a website that delivers benefits for both Australian consumers and businesses.

David Wei, Co-founder, Venuemob said, "The investment will allow us to catalyse our expansion strategy into other cities, so that we can offer function venues in Sydney and other major cities across Australia. It also opens the door to strategic partnership opportunities with Optus and Singtel Group. The support from the Optus-Innov8 Seed Program certainly reflects the fast-growing nature of the Australian entrepreneurial ecosystem."

Beijing, 11 October 2012  -  UniQlick, a Beijing-based start-up, announced today that it has received US$5 million in Series B funding led by Singtel Innov8 and Mustang Ventures.

Launched in 2010, UniQlick has developed its On Demand workflow solution to help agencies and advertisers scale their digital advertising operations by overcoming the challenges of executing digital advertising campaigns in China's complex market. On Demand automates the majority of the campaign workflow, making execution less labor-intensive. It also enables users to centralize and standardize campaign administration, which helps them overcome issues caused by a lack of uniform digital standards.

"Everyone acknowledges that real-time bidding is in China's near future but advertising operations have been built around planning and buying of fixed inventory," says UniQlick CEO Esther Yang. "The challenge for agencies and advertisers to maintain their current operations while preparing for a real-time future. The lack of uniform web advertising standards or a governing body like the Interactive Advertising Bureau causes very high administrative requirements for campaigns and impedes agencies' ability to focus on the data and its usage.

With a modular feature-oriented design, On Demand requires minimal training and supports users' existing advertising operations. It is also a neutral buy-side solution that works side-by-side with various technologies. Users can plug into existing systems with a single user interface, making it easy for UniQlick customers to work with multiple third party partners. "We recognize that agencies and advertisers have significant relationships with multiple technology partners and our On Demand platform works in conjunction with those," said Yang. "On Demand has been created to allow our customers flexibility and choice."
With this round of investment, UniQlick will set up additional network infrastructure including real-time data analytic functions for its On Demand software platform. "By upgrading our infrastructure and including real-time analytics capabilities with our existing On Demand workflow solution, our customers can make more timely informed decisions," said Yang.

This round of new investment will also accelerate the release of the real-time features. On Demand already provides the ability to track data across multiple channels and campaigns helping agencies and advertisers overcome the challenge of data silos – a key obstacle to transitioning to real-time operations. The rapid rollout of real-time analytics and real-time bidding combined with sophisticated attribution modelling and algorithms means customer's data becomes the powerful new currency in China's digital landscape.

Singapore - 3rd October 2012 - BRANDSCREEN is pleased to announce it has completed a funding round of over USD 11 Million to fuel growth across the Asia-Pacific region. The Series B round was led by Macquarie Capital Group Limited ("Macquarie Capital"), and was joined by new co-investors including Singtel Innov8 (Singapore) and existing investor Southern Cross Venture Partners (Palo Alto and Sydney).

BRANDSCREEN CEO Julian Tol: "BRANDSCREEN will use the funds to accelerate our drive to be the Number One digital media trading platform in major APAC markets; Australia, China, Japan, Korea, India and South East Asia. We have the product, the relationships and the team to continue to build on our position in the Asia-Pacific market."

Revolutionizing the way media is bought and sold

The move to 'real time media trading' is essential to free the industry from the inefficiencies of old, manual trading systems. The introduction of automated trading systems and advertising exchanges is enabling the media industry to move from a world where digital was a very small part of the overall media mix, towards a situation where digital is expected to account for around 40% of all media spend.

BRANDSCREEN builds the trading platforms that media agencies use to buy media on a 'real time' basis. Real time buying involves buying the attention of people, one impression at a time, while an individual is browsing on their PC, tablet, phone or smart TV. The software runs in the cloud, using thousands of servers, processing data on the petabyte-scale, making bids for individual users at the rate of 200,000 times per second.

Julian Tol: "We are witnessing the transformation from manual to automated media trading," he said. "We used to buy media space to get in front of an audience. Now we are starting to directly buy 'customer minutes' one person at a time and what online companies now sell is the access to the customer and all their data."

HONG KONG, 25 September 2012 QVIVO Limited (QVIVO), announced today it has secured US$1 million in funding from investors including Singtel Innov8, the Singtel Group's corporate venture capital fund.

QVIVO, the recently launched cloud-based media company plans to use the capital to expand its infrastructure capacity to meet the incredible growth of users signing up to its unlimited cloud media storage plans.

The company's platform enables users to sync their entire personal media collection of film, music and television favorites to the cloud to be streamed to any browser, desktop or mobile device. The QVIVO Cloud service offers unlimited media storage plans starting from only US$1.99 per month, an industry first.

QVIVO recently refreshed its suite of apps, allowing users to drag and drop media files and links directly onto the browser to then stream to any device with the QVIVO app installed. With a heavy focus on video, QVIVO is being referred to as "your personal Netflix".

"The post-PC era has reshaped how consumers enjoy their media and QVIVO is here to support them on any device they choose. Pause a movie on your tablet as you leave the home and resume it on your phone on the way to work, then finish it through your browser in your lunch break - all in sync with the QVIVO Cloud," said Mr. Liam McCallum, CEO and co-founder of QVIVO. "With our new financing in place we hope to reassure our users that their media collections, no matter how large, are secure for years to come."

QVIVO apps are free, allowing users to play and stream media around the home, automatically setting up a home network between devices running the app for PC and Mac. Away from home, users can also rely upon the QVIVO Cloud to stream through the browser, iPhone and iPad, with Android, Windows Phone and many more devices coming soon. Finally, QVIVO supersedes other cloud storage platforms by supporting storage capacity for thousands more video and music files. Users using QVIVO would enjoy a 96% cost saving over the Dropbox 500GB plan, truly offering an efficient solution for the market for today and beyond.

"QVIVO's ability to offer cloud-based media storage and streaming anytime, anywhere and anyhow, especially in the realm of mobile video, is particularly relevant to consumers as their consumption of digital entertainment continues to grow. It's an exciting space," said Mr. William Bao Bean, Managing Director (Investments) of Singtel Innov8.

SILICON VALLEY, CA, 21 August 2012 - Ness Computing, a California-based startup that is making search personal, today announced the completion of a $15M round of Series B funding led by Singtel Innov8 and including participation from American Express Ventures. The investment supports Ness' continued development of its search technology, a "Likeness Engine" that curates personalized recommendations based on people's tastes and preferences.

The company also announced an update with robust new features to their first product the Ness Dining Guide, a restaurant search and discovery iPhone app. Ness' personal "Likeness Score" predicts how much a customer will like a restaurant based on their unique preferences, making it easier to find a place they'll enjoy. The latest release adds restaurant reservations via OpenTable, as well as over 325,000 menus from SinglePlatform.

With this round of funding, Ness will incorporate additional user preference signals from new social platforms into its technology, and will expand to new verticals by applying its "Likeness Engine to personal search and discovery for nightlife, events, movies, shopping and more. The company will also continue to build its team of top engineers and computer scientists in systems and interface engineering and machine learning.

Ness' technology learns an individual's taste preferences and combines this with signals from their social networks -- including Facebook, Foursquare and Instagram -- to deliver personalized recommendations. Launched in August 2011 with $5M in funding, Ness users have already generated over 3 million ratings, and the app includes more than 5 million Instagram images for restaurants.

"We want to help people experience more of what they love by understanding why they love the things they do" said Corey Reese, Co-Founder and CEO of Ness. "By enhancing our core technology, we can improve our understanding of what customers are expressing about themselves, and turn that information into something truly valuable for making decisions."

"Ness Computing is developing a platform at the intersection of social, local, and mobile data and paving the way to transform mobile discovery with personalized recommendations" said Managing Director of Singtel Innov8, Jeff Karras. "We are thrilled to be working with the talented and passionate team at Ness."

"American Express is impressed by Ness' vision to create great products that better serve consumers," said Harshul Sanghi, Managing Partner, American Express Ventures. "As Ness evolves and the commerce landscape changes, we believe their preference-based search engine has the potential to deliver differentiated value to merchants and consumers alike."

In July 2011, Ness announced a $5M Series A round of financing led by Vinod Khosla and Ramy Adeeb of Khosla Ventures with participation from Alsop Louie Partners (the original seed investor in the company), TomorrowVentures, Bullpen Capital, a co-founder of Palantir Technologies, and several angel investors. An affiliate of the LeFrak Organization also participated in the most recent round.

26 June 2012 -- General Mobile Corporation (General Mobile), a Cayman-based company, announced today it has secured US$5million in funding from Singtel Innov8 (Innov8), the wholly-owned corporate venture arm of the Singtel Group, and Mitsui & Co. (Mitsui). General Mobile plans to use the proceeds to expand and fund future growth in the fast growing mobile internet business in the emerging markets.

Founded in 2011, General Mobile is dedicated to providing mobile internet service to emerging markets with its proprietary content management and application store hosting platform. The strong growth in mobile phone sales and mobile phone users have led to increased demand for mobile applications, content and services over the last few years in the emerging markets. But these users have often been underserved due to technology limitations and fragmentation in the supply chain in these markets. Through General Mobile's platform and partnership with handset manufacturers, handset brands and mobile content providers, it provides a one-stop mobile internet service offering for emerging market mobile phone users with the application store and applications to meet the users' needs.

With this round of investment, Innov8 and Mitsui join existing investors such as Taiwan-based MediaTek Inc., the leading mobile chipset and platform provider. Innov8 is backed by the Singtel Group which has 445 million mobile customers in countries such as Singapore, Australia, Indonesia, Thailand, the Philippines, Bangladesh, Pakistan, India, and Africa. Mitsui is one of the largest and most reputable companies in Japan with worldwide business coverage, including IT & mobile related businesses such as IT channels, digital content, electronic payments, etc.

"The opportunities are huge and close cooperation among all players from the value chain is key to successfully running a mobile internet business in the emerging markets," said Mr. Paul Wu, CEO of General Mobile. "At General Mobile, our mission is to provide a one-stop service by integrating all key elements required to run the business from devices, platforms, telecom operators, content providers, and channels. With this round of investment, we have on board world-class strategic partners across all the fields to help accelerate our worldwide service deployment as well as enabling us to provide a more complete set of services and solutions."

CEO of Innov8, Mr Edgar Hardless, said "General Mobile's solution addresses the strong demands for mobile application and services seen by emerging market mobile users across our footprint. We look forward to working with the company to build and expand on their success to date"

Australia, 21 June 2012 - The Optus Innov8 Seed Program gives Australian startups access to seed funding, mentoring, networking and dedicated co-working spaces to support their business growth and progression to Series A funding. The program will support early stage startups with innovative or disruptive digital solutions, either in proof of concept or advanced development stage, in the areas of mobility and convergence, with a focus on industry verticals including health, education and media.

Backed by Singtel Innov8, the Singtel Group's corporate venture capital fund, the program will provide up to A$250,000 in funding per startup investment. Optus has also partnered with Fishburners in Sydney and York Butter Factory in Melbourne to provide the selected startups with dedicated co-working spaces to share ideas and host regular events to connect startups with industry experts and potential investors.

Austin R. Bryan, Vice President, Digital Communities and Ecosystems, Singtel and Optus, said "We have launched the Seed Program to further accelerate digital innovation in Australia, help keep talent on our shores and make it easier for startups to source local funding and support in the early development stages.

"As Australia moves into a digital economy, we believe we can add the most value to this community by providing access to funding and partnering with leading startup co-working spaces and incubators to build a support network and co-investment opportunities. We'll continue to evolve the program based on feedback and hope it will give local talent an incentive to grow their business within Australia, and serve as a stepping stone to venture capital funding."

The Seed Program is the latest initiative from Singtel Group Digital L!fe to promote innovation and support the Group's expansion into new areas in the digital space and create growth engines beyond traditional telecommunications services.

Edgar Hardless, CEO, Singtel Innov8, said "Singtel Innov8 complements the Group's digital strategy by investing in new technologies and entrepreneurial talent worldwide. There is tremendous talent in the Australian market and we expect to invest in up to eight Australian startups in the first year. With the Singtel Group's strong presence and scale of over 445 million mobile customers, we can assist startups to go regional."

To be eligible for the Optus Innov8 Seed Program, startups must have incorporated as an Australian company, established a team, developed solid business strategies, be able to demonstrate a working prototype and meet the program's key digital focus areas.

Startups can be referred for the program from July via incubators or accelerators, or apply directly via 'pitch events' to be held at Fishburners and York Butter Factory through-out the year. The first pitch event will be held in late July, with details announced closer to the time.

In addition to Fishburners and York Butter Factory, the program is supported by a range of incubators such as Pollenizer, AngelCube and Pushstart.

Peter Bradd, Director, Fishburners and ScribblePics, said "Our partnership with Optus is a win-win situation. We've been able to expand our co-working space to house more startups while opening up new opportunities for startups that are ready to progress to the seed funding round."

Stuart Richardson, co-founder of York Butter Factory and Managing Partner at Adventure Capital, said "This is a fantastic initiative to extend the support available locally to startups as they emerge from the incubation phase. It gives them a greater incentive to stay in Australia, and helps grow innovation among the digital startup community."

In addition to the Seed Program, Optus supports local entrepreneurs as the premier sponsors and judging panel of the Sydney and Melbourne Startup Weekends, and its annual Unleash Your App competition targeting university students in association with NICTA.

BOSTON, MA, Jun 06, 2012 -- Nexage, the leading mobile advertising exchange with the market's most advanced real-time bidding (RTB) platform, today announced it closed a US$10 million Series B financing led by Singtel Innov8, the corporate venture capital arm of the Singtel Group. Existing investors Relay Ventures and GrandBanks Capital also participated in this round of financing. Nexage plans to use the funding to expand its products and technology, global reach, and ecosystem of buyers and sellers to accelerate liquidity in the mobile advertising industry.

Key to the investment is the dramatic growth of mobile advertising and the vital role RTB has in fueling that growth. According to the IAB, mobile advertising spend grew 149% in 2011 and, according to Gartner, worldwide mobile advertising revenue will reach US$20 billion by 2015. The industry's rapid scaling and maturity is being driven by the emergence of RTB, which has become the strategic technology foundation of the mobile advertising industry. RTB creates unparalleled market efficiency and liquidity -- a key value realized across all of digital advertising.

Mobile RTB is unique, as it provides real-time discovery and targeting capabilities that are central to creating both advertiser value in driving campaign ROI, and publisher value in maximizing the value of their inventory while protecting their brands and channels. As the strategic technology foundation of mobile advertising, RTB is expected to mirror share of market in online; IDC predicts that RTB will support 27% of ad spend by 2015.

Nexage is leading RTB's charge; Nexage's RTB exchange grew in bid volume by more than 70% per month in 2011. On top of its RTB leadership, Nexage continues to expand its technology, customer base, and capability to further drive liquidity. Nexage recently released the Nexage Ad Server 2.0, added publishers including and ZeptoLab (developer of Cut the Rope), and added buyers such as MediaMath and Drawbridge.

"The mobile revolution has reshaped how consumers work, learn, play, and live -- fueling the remarkable growth of mobile advertising," said Ernie Cormier, CEO and president of Nexage. "RTB is critical to the market's ability to meet this extraordinary opportunity, providing the requisite efficiency and liquidity and the unique real-time discovery and targeting capabilities that are essential to advertisers. With this financing in place, we will extend our RTB leadership and help drive the growth and maturity of the mobile advertising market."

"We are excited about investing in Nexage and helping them to continue to lead and accelerate the mobile advertising industry," said Punit Chiniwalla, Director of Investments for Singtel Innov8. "Mobile advertising has quickly shifted from an experimental market to being an integral part of the advertisers' ability to reach and compel consumers. Nexage is well-positioned to be one of the winners in this rapidly growing market." With this round of funding, Punit Chiniwalla will join Nexage's board of directors.

"We have had the pleasure of being part of the Nexage story from the start, and we are very excited to be part of this round of financing," said John Albright, Co-Founder and Managing Partner of Relay Ventures. "Nexage has not only demonstrated technology leadership, but also the ability to execute in the market, converting technology leadership to consistently strong results and satisfied customers."

Singapore, 4 May 2012 – Over 100 investors including MIH Internet, JAFCO Asia, iGlobe Partners, Crystal Horse Investments, WaveMaker Labs, Golden Gate Ventures and Jungle Ventures attended 'Demo Day', an event to showcase the results of the JFDI–Innov8 2012 Bootcamp, this morning. Demo Day marked the end of an intensive 100 day acceleration programme that has given 11 digital startup companies seed funding, intensive mentorship from international industry experts and the potential to access mobile markets across Asia.

Like several local and international investors, Singtel Innov8 (Innov8), the corporate venture arm of the Singtel Group, has opened discussions with some of the bootcamp teams about the possibility of investing. In the last week, two participants, Kark Mobile Education and ShopSpot, have already received investment offers.

The bootcamp was organised by Joyful Frog Digital Incubator (JFDI) with sponsorship from key partner, Innov8, and grants from SPRING Singapore and Singapore's Media Development Authority. Each startup received free access to technology facilities worth over S$100,000, provided by technology vendors and S$15,000 capital from local business angels. In addition, 50 local and international mentors provided advice, as the startups raced through the 100day programme.

Mr Sindhu Prabowo, CEO of bootcamp startup Kark Mobile Education said: "The JFDI–Innov8 Bootcamp has been a really good experience. The mentors have been great, helping us refine the financial and technical aspects of our project. Our mindsets shifted when the mentors challenged us to think bigger and see our project as something that could go global. Now that is happening."

Mr Hugh Mason, CEO and CoFounder of JFDI said: "This is a great result for the startups, the JFDI–Innov8 Bootcamp and the regional startup ecosystem. For the first time, the fasttrack accelerator approach pioneered and proven successful in the US by TechStars has delivered real results in South East Asia. Just as in the US, the bootcamp has been a community effort that would not have been possible without the huge generosity of many people and organisations."

Mr Edgar Hardless, CEO of Singtel Innov8 said: "We are delighted to be part of this pioneering programme. Working with partners such as JFDI, we hope to help create the confidence and processes to inspire and deliver innovation for consumers and businesses across the region."

Teams participating in the JFDI–Innov8 2012 Bootcamp were selected for their technical and communications skills as well as their passion to solve problems in a particular domain. Many were first time entrepreneurs with no formal business training, but had the commitment to apply the 'Lean Startup Methodology' which lies at the heart of the TechStars method. Coupled with community support, this method is the 'secret sauce' that offers the chance to create valuable companies quicker and more consistently than ever before.

Mr Meng Wong, CoFounder and Social Engineer at JDFI said "The Lean Startup method is all about finding 'fit': a fit between an idea and a team; problem/solution fit and product/market fit in a way that maximises the chance of success for a startup and makes investment attractive to early stage investors because they can see that a business has eliminated many risks. Our aim was to have teams focus on customer discovery, hypothesis testing, market validation, and development of a minimum viable product. Some have gone farther than others but all have used a scientific process that roots their decisions in
evidence from the real world.

The startup companies featured at today's event were:

ShopSpot, a C2C mobile app that makes buying and selling items as easy as sending a tweet. (

Kark Mobile Education, a B2C tablet game platform using collectible QR cards to make 4–12 year old children masters of a simulated world. (

Tradegecko, a B2B webbased service providing supply chain management for independent brands and their retailers. (

Remember, a B2C mobile app is the family Time Capsule in your pocket that makes it simple to capture and relive memories on your smartphone. (

FamilyKo, a B2C multiplatform app that allows families separated by business to bond and grow together. (

Flocations, a B2C web travel service that visualizes nearby destinations on an interactive map, so leisure travellers can browse by budget and book their next getaway in minutes, not hours. (

Fetch Plus, a B2B web service that gives brand franchises with local businesses control and analytics as they use social media to maximise impact for all their franchisees. (

Trafflers, a B2C web service that makes it fun to discover and plan vacations with friends, thereby increasing the frequency and size of group travel bookings online. (

Stubb, a B2B document sharing service for the masses that connects your printer to the cloud. Anything you can print, you can publish online! (

Wildby, a fun talking encyclopedia on your iPhone that 5 to 12 year olds can enjoy without needing any literacy skills. (

TribeHired, the social recruitment platform for fastgrowing startups that puts friends to work. (

MOBILE WORLD CONGRESS, Barcelona, 27 February 2012 – Ruckus Wireless™ (Ruckus) today announced that it has secured $21.7 million in financing, increasing the total investment in the company to $72.7 million since its formation in June 2004. In addition, the company named two new industry luminaries, Richard J. Lynch and Georges Antoun, to its board of directors.

Joined by existing investors, the financing was led by two new investors, Meritech Capital Partners and Singtel Innov8, a wholly owned subsidiary of the Singtel group. Profitable and cash flow-positive in calendar year 2011, Ruckus will use the proceeds to expand and fund future growth into the explosive carrier mobile Internet infrastructure market as well as to bolster its rising position in the enterprise wireless LAN market.

"The impact of the mobile Internet is transforming the telecom industry, congealing new and massive opportunities that we have been developing since 2008," said Selina Lo, president and CEO of Ruckus Wireless. "The addition of Dick and Georges to our board validates our vision in Wi-Fi/cellular convergence and strengthens our execution in the carrier Wi-Fi market. Dick and Georges represent the top caliber of our industry in experience, technical, business and management savvy, as well as relationships with operators and ecosystem partners. We are honored and excited to have them on our team."

"We invest in companies with technologies that can potentially enhance the capabilities of the operators within the Singtel Group by delivering solutions across various product segments and verticals," said Jeff Karras, Managing Director of Investments for Singtel Innov8. "Ruckus is one of these companies and with the changes in the carrier market, we are excited about the opportunities that lie ahead of them."

"We believe there is significant growth ahead in the service provider market for a new class of Wi-Fi and small cell solutions," said Mike Gordon, Partner at Meritech Capital Partners "Ruckus is clearly well-positioned and has a proven record for developing unique technology to capitalize on this emerging market. Their recent service provider wins have already demonstrated this success."

New Board Members Bring Unmatched Telecom Expertise
Former executive vice president for Verizon Communications, Dick Lynch was responsible for delivering strategic technology initiatives across the corporation. Previously, Lynch was executive vice president and chief technology officer for Verizon Communications and had been the executive vice president and chief technical officer for Verizon Wireless and its predecessors since 1990. Lynch is a Fellow of The Institute of Electrical and Electronic Engineers (IEEE). He has served on the executive board of the CDMA Development Group (CDG), the board of GSMA, and as a member of the Federal Communications Commission Technical Advisory Committee.

The former head of Ericsson's product area IP & broadband networks (PAIB) business, Georges Antoun joined Ericsson when it acquired Redback Networks where he was head of sales and marketing and later on, CEO. Previously, Antoun spent five years at Cisco Systems where he served as vice president of worldwide systems engineering and field marketing, vice president of worldwide optical operations, and also served as vice president of carrier sales. Antoun was instrumental in the successful strategy behind Cisco's entry into the service provider and optical markets.

REDWOOD CITY, Calif. - August 15, 2011Sentilla Corporation, leading provider of IT infrastructure software that discovers, monitors, analyzes, plans and automates data center workloads, today announced it has secured $15 million in Series C financing. The funding round was led by Singtel Innov8 Ventures, the corporate venture arm of the Singtel Group, with participation from Sentilla's existing backers, ONSET Ventures and Claremont Creek Ventures. The infusion of capital will be used for sales and marketing expansion.

Sentilla is poised to deliver on its unique business model when enterprises need it most. IT executives that are developing strategies for upcoming quarters are increasingly asked to support new business initiatives with diminishing budgets. Sentilla allows IT executives to treat data centers as opportunity to generate new revenue and increase profits. With instant visibility into operations and the planning tools, IT executives can make strategic decisions that minimize capital investment and operating expenditure, and will be able to deliver at least double the business value and revenue potential of the IT services they control. It is Sentilla's immediate, granular view of the data center that, for the first time, positions IT departments as a profit center instead of a financial burden.

Yvonne Kwek, CEO of Singtel Innov8 said, "Sentilla's technology of maximizing business value from IT organizations addresses a critical need – not just for the telecommunications industry, but also in other enterprises that are looking to leverage IT to drive greater revenue and profitability."

Sentilla's sophisticated resource and cost planning enable telecommunications and media companies to deliver new business offerings, especially with the emergence of cloud services. With predictive analytics, Sentilla empowers proactive planning for upcoming requirements, cloud strategy and the implementation of flexible IT infrastructures. Enterprises gain the ability to maximize the evaluation, design, implementation and operation of physical, virtual and cloud IT infrastructure.

"We're leading the charge to turn IT upside down and deliver more services using less resources," said Mike Kaul, chief executive officer of Sentilla Corporation. "Sentilla is the only company that can provide the diagnostic insight to drastically reduce data center costs AND increase company revenue as well as profitability. This funding is a validation of what we've been seeing in the market and hearing from our valued customers, and provides us with the resources to accommodate growing demand."

Sentilla's award-winning, innovative features include patent-pending Sentilla Virtual Meters, which computes the power consumption of unmetered assets, performs "what-if" analysis to predict future performance, and accurately tracks and predicts application performance and energy used in both virtual and dedicated environments. It is unique in the data center infrastructure management (DCIM) space because of its leadership position as the most integrated solution empowering the software with more data points providing a more comprehensive view of the data center environment than any other solution.

SINGAPORE - July 5, 2011 – Dealised, an innovator in group-buying solutions, has announced S$6.5 million (A$5 million) in Series A funding to accelerate the global roll-out of its combined marketing solution and technology platform. Led by Singtel Innov8, the Singtel Group's corporate venture capital fund, Series A also included Yuuwa Capital LP, an Australian-based venture capital firm. Dealised is the first to offer this group-buying solution in Asia. Dealised will use its regional Asian headquarters in Singapore to drive global business expansion and develop mobile group-buying solutions.

Dealised is already working with several UK-based customers, including The Daily Telegraph, as well as leading media owners Mecom in Scandinavia and with customers in Australia/New Zealand, the Middle East and the US. Companies, including media firms, mobile operators, retailers and others, use Dealised's technology and services platform to create and manage their own deals and develop their business. A new Dealised partner can have a dedicated group-buying business running within weeks, without significant upfront costs.

Dealised also announced the appointment of veteran telecommunications executive, Jonathan Marchbank as Chief Executive Officer. Mr Marchbank has worked with both mobile operators and device manufacturers in the US and Asia for the past 20 years, and immediately prior to joining Dealised served as Chief Operating Officer for Virgin Mobile US.

"Dealised partners in Australia and Scandinavia have already beaten Groupon and Living Social in their local markets. With our platform & services, partners quickly create and manage regular offers for their customers, maintaining revenue and relationships at risk from Groupon-like clones. We are busy repeating that successful formula in other markets," noted Mr Marchbank.

Mrs Yvonne Kwek, CEO of Singtel Innov8 said, "Dealised's platform and market knowledge offers publishers, media companies and telco companies the opportunity to generate better value for their customers through innovative group-buying services."

"The most exciting trend is in mobile, especially in Asia, and we see the volume of group-buying transactions on smartphones and other mobile devices growing exponentially over the next couple of years. Our operations in Singapore, as the business hub for Asia, are where we will focus on mobile growth," concluded Mr Marchbank.

Dealised is one of the earliest entrants into what is a very young industry. It was created in late 2009 to power Spreets, an Australian deals site, which quickly became a market leader. Spreets was acquired by Yahoo7! in Australia in 2010 for A$40 million.

Other Dealised investors include Sydney start-up incubator, Pollenizer and a select number of angel investors. These investors bring a great depth of managerial experience, with backgrounds in digital media, e-commerce and mobile. The company will use the A$5 million from this fundraising to grow its base in Asia and in Europe, and to develop mobile group-buying solutions.

Santa Clara, California – June 27, 2011 – ViVOtech, the near field communication (NFC) software and systems company, today announced it has closed $24 million in a multi-stage extension to its Series C round of funding. The extension featured notable new investors Singapore's EDBI, Singtel Innov8, and Motorola Solutions Venture Capital, which were joined in the round by ViVOtech's current financial and strategic investors Alloy Ventures, Citi Ventures, Draper Fisher Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR.

The funds will be used to drive ViVOtech's rapid growth and accelerate expansion into more countries beyond the 35 where ViVOtech NFC software and systems are used today.

ViVOtech's NFC software and systems enable rich mobile commerce solutions for in-store payment, loyalty, marketing, and merchandising. Founded in 2001, ViVOtech provides key building blocks of the NFC ecosystem: smart applications for enhancing the customer experience, wallet and trusted service manager (TSM) software, and point of sale systems.

"Businesses today are relying more on innovative solutions to enrich the retail experience," said Chu Swee-Yeok, CEO of EDBI. "ViVOtech has emerged as the clear leader in this field, with its unique end-to-end NFC-based mobile commerce solutions that are successfully gaining traction with its customers globally. With our investment, ViVOtech will be able to leverage EDBI's extensive industry networks and understanding of Asia to capitalize on opportunities created by the vibrant mobile commerce industry in the Asia Pacific region. We also look forward to the setting up of ViVOtech's Global Centre of Excellence in Singapore to commercialize innovative mobile commerce applications for the international markets."

"As part of Asia's leading communications group, with access to over 400 million mobile subscribers in the region, Singtel Innov8 is searching for innovative technologies to invest in that will help the Singtel Group deliver exceptional customer experience," said Yvonne Kwek, CEO of Singtel Innov8. "With NFC set to revolutionize the mobile commerce market, it is important for us to partner with ViVOtech, one of the pioneers in this space, as they expand their global presence."

"With retail being a key vertical market for Motorola Solutions, it is important for us to identify and invest in solution providers that offer technologies that can have a major impact on the retail ecosystem," said Tony Palcheck, managing director of Motorola Solutions Venture Capital. "ViVOtech is one of a select group of companies that have the technology, vision and expertise that provides a unique benefit to major retailers, banks, credit and loyalty card providers, carriers and ultimately consumers."

"Citi has been a ViVOtech investor for more than three years because we see them as a key player in the mobile payments ecosystem," said Chris Kay, managing director, Citi Ventures. "Citi Ventures' goal is to develop and commercialize the highest new growth opportunities that directly support Citi's strategic directions and that foster emerging technologies. We're happy to work toward this goal with leading companies like ViVOtech."

"ViVOtech has worked long and hard over the last 10 years to establish ourselves as a leading enabler of in-store mobile commerce," said ViVOtech CEO, Michael (Mick) Mullagh. "The market is on the verge of rapid growth and we are gratified by the support and validation of our stellar group of strategic and financial investors. We particularly welcome our new investors from Singapore, EDBI and Singtel Innov8, and Motorola Solutions. In and of themselves our investors represent a mini NFC ecosystem. By collaborating with them and our partners and customers, we will stay on the leading edge of innovation and the development of merchant and consumer friendly applications."

San Jose, California, 13 April 2011 - Capella Intelligent Subsystems, the leading provider of wavelength selective switches (WSS) for use in reconfigurable optical add/drop multiplexer (ROADM) and optical cross connects, today announced it closed a $20 million financing. The oversubscribed round was led by Black Diamond Ventures. Other participants in the investment include Singtel Innov8, the corporate venture arm of the Singtel Group, Levensohn Partners, Formative Ventures, Lucas Venture Group and Rustic Canyon Ventures.

The $20 million in new capital will be used to expand and strengthen Capella's presence in the ROADM market, which is expected to grow to $1.8 billion over the next four years according to Infonetics Research. New product offerings and operational improvements are Capella's key focus in the coming months, as the Company expands to meet growing market demands.

"We are in the midst of a global network transformation driven by consumer services such as video, music and social networking. Capella is well positioned as an enabler in broadband content distribution. As companies upgrade their networks to support IP-based consumer services, Capella's technology will be critical," said Larry Schwerin, chief executive officer of Capella. "Networks need to deliver quality broadband services at a price consumers are willing to pay, and Capella provides the industry-leading solution to enable their customers to build cost effective, flexible networks."

"With the increasing need of optical network flexibility and reliability, Capella's Wavelength Selective Switch (WSS) has the potential to significantly reduce service provider CAPEX and OPEX," said Yvonne Kwek, CEO of Singtel Innov8. "As service providers build out and upgrade their networks, Capella's WSS technologies provide a compelling competitive advantage."

"We believe Capella's technology leadership in the wave selective switch market will continue to expand through various consumer applications. VoIP, VoD, and video gaming are just a few of these consumer applications made possible by Capella," commented Christopher B. Lucas, Founder and Managing Director of Black Diamond Ventures.. "With the recent additions to their senior management team, Capella is poised for what we expect will be a period of explosive growth for the company worldwide."

Singapore, 4 April 2011 -Media Development Authority (MDA), Singtel Innov8 and NUS Enterprise are joining forces to establish a strategic incubation programme, a move set to boost the Interactive Digital Media (IDM) space in Singapore. This programme, known as Blk71 is designed to allow start-ups to gain one-stop access to the resources they need to effectively develop and market their solutions to customers.

As part of Blk71, MDA and Singtel Innov8, the corporate venture arm of the Singtel Group, have signed a Memorandum-of-Understanding (MOU) to provide funding and create a dynamic environment for start-ups. Under the MOU, both parties will make joint Calls-for-Proposals (CFPs) which will provide successful start-ups with up to S$50,000 of initial seed funding and opportunities for follow-on funding of S$200,000 or more. MDA and Singtel Innov8 will also co-sponsor activities such as industry speaking engagements, workshops and networking events. To support these initiatives, MDA and Singtel Innov8 will commit an initial sum of up to S$2 million each over three years.

MDA will also allocate office and incubation space at Mediapolis Phase 0 located at Block 71 Ayer Rajah Industrial Estate, where NUS Enterprise and Singtel Innov8 have already signed on as anchor tenants. NUS Enterprise and MDA will work together to manage the facility to foster a vibrant environment for IDM-related start-ups, investors, technology incubators and industry partners.

Mr Michael Yap, Executive Director of the Interactive and Digital Media Programme Office hosted by MDA said: "We are glad to have the support from both Singtel Innov8 and NUS Enterprise to drive this incubation programme. Their support will bring about greater sophistication and effectiveness in helping our start-ups. This augurs well with our aspiration to develop IDM products and services targeted for the "Next Billion Internet Users" emerging from Asia."

NUS Enterprise will leverage its experience and networks as an incubator to manage the Blk71 incubation space. This space will house a host of support structures that will facilitate the translation of ideas into start-ups and bring start-ups to the next stage. Common space will be provided, as well as business services such as legal and financial advisory resources, and intellectual property management.

Dr Lily Chan, CEO of NUS Enterprise added: "Blk71 will pull together the relevant companies and industry players in the IDM sector that are currently dispersed around Singapore. By bringing these together in one vibrant start-up environment, it will build up a critical mass for increased synergy, entrepreneurial dynamism and economies of scale. Blk71 will form a key complementary component of NUS Enterprise's eco-system, which includes NUS Enterprise's office and the NUS Enterprise Incubator, where we support some 80 technology start-up companies."

Completing this one-stop access at Blk71, successful start-ups can look to Singtel Innov8 for support and a platform to showcase their innovative solutions via regular pitching sessions, as well as mentorship from subject matter experts and access to markets. In short, Singtel Innov8 is a start-up's partner that not only provides funding, but the access, capabilities and infrastructure that could accelerate and boost their success.

Mrs Yvonne Kwek, CEO of Singtel Innov8 said: "With MDA and NUS Enterprise, we want to create a rich, vibrant eco-system and community involving start-ups, incubators, investors and industry players to help catalyse the development of innovative ideas and solutions in the IDM and internet space. With the backing of the Singtel Group, Singtel Innov8 offers a unique value proposition to start-ups with our industry knowledge and presence in Asia and Africa."

Singapore, 31 March 2011 - Bubble Motion today announced that it has raised $10 million (USD) in growth capital to accelerate the roll-out of its voice-based social communications service that has attracted millions of consumers across Asia. Led by Singtel Innov8, the Singtel Group's corporate venture capital fund, this round also includes Singapore's Infocomm Investments in addition to insiders Sequoia Capital, Palomar Ventures, and NGC.

This is Bubble Motion's second round of financing since its strategic shift into becoming a social messaging company in 2009. Since Bubble Motion launched Bubbly™, its flagship voice-based social messaging service, just one year ago, it has gained over 7 million users across 4 countries (India, Indonesia, Japan and Philippines) and has delivered more than 250 million bubble messages through its service.

This strategic round of financing will be used by Bubble Motion to accelerate growth of its service into new countries, while scaling its technology platform which has become the standard voice-based mobile social networking solution for mobile operators across Asia. The company's flagship service Bubbly will expand to additional mobile platforms including additional operator networks, the mobile Web and smartphone applications.

Bubble Motion is already working closely with several large associates within the Singtel Group, including Bharti Airtel in India, Telkomsel in Indonesia, and Globe in the Philippines. Singtel brings a vast network of operator partners and contacts, as well as renowned telecom expertise and experience to Bubble Motion.

"We have been impressed with the strong growth of the Bubbly service across Asia and are excited to be joining up with the Bubble Motion team" said Yvonne Kwek, CEO of Singtel Innov8. "We are looking forward to working with the company to build and expand on their early success.

"We are excited to have Singtel and Infocomm Investments join our group of existing investors as we continue to shape the mobile social media landscape in Asia and beyond," states Bubble Motion CEO Thomas Clayton. "Given our focus in mobile social media in Asia, these two new investors are the perfect fit for our current strategy and we're very excited to have them onboard."

"Bubble Motion has assembled a world-class team in Singapore. It is yet another leading tech startup leveraging Singapore's position as a base for technology innovation and to address the fast-growing Asian market," said Dr Kuo-Yi Lim, CEO of Infocomm Investments. "Infocomm Investments is pleased to join a distinguished team of investors and be a strategic partner to Bubble Motion."

Singapore, 8 February 2011 - Stream Media Private Limited, a Singapore-based start-up, announced today that it has received S$1 million in Series A funding, led by Stream Global Pte Ltd and Singtel Innov8 Pte Ltd. Stream Media will focus on content acquisition and is working with game studios globally to make use of its payment platform, MoVend.

Launched in July 2010, Stream Media's flagship product, MoVend (, is an in-app commerce platform that allows users to make transactions and payments easily, without exiting the app. Other than collecting payment from established gateways like operator billing and PayPal, the platform provides a complete set of features, including user and license management, sales tracking and analytics; so that the developer can have a ease of mind and focus on building quality mobile content and services.

With this round of investment, Stream Media will focus their efforts on aggregating all major global payment options for mobile in-app transactions, through MoVend. Developers will be able to incorporate the MoVend software development kit (SDK) effortlessly into their mobile applications. The product resolves users' problems of fragmented payment options and developers' headaches of monetising their applications. MoVend is currently available for Android phones and will be available on the Apple iPhone, BlackBerry OS and Windows Phone 7 mobile devices within the year.

"We plan for MoVend to become the uniform payment mechanism to enable in-app and virtual goods transactions in all application stores," said MoVend creator and CEO of Stream Media, Chua Zi Yong. "We have closed app distribution deals with original equipment manufacturers (OEMs) and operators to use MoVend for their appstores, and will help developers who use our SDK to publish and market their apps in these channels. We will also preload selected high quality games into devices to boost our developers' revenue.

Mr Edgar Hardless, Managing Director (Investments), Singtel Innov8 said, "The mobile space needs more high-quality apps as more users turn to their mobile devices to cater for their entertainment and productivity needs. And the ability to easily monetise apps will certainly help encourage developers to continue to produce innovative mobile apps."

San Jose, California, 12 Jamuary 2011 - Baynote, a leader in personalization and digital marketing optimization, announced today that it has closed $13 million in Series C financing. The investment was led by Singtel Innov8, the corporate venture arm of the Singtel Group, Asia's leading communications group with 368 million[1] mobile customers across Asia and Africa. All existing investors, including Hummer Winblad, Steamboat Ventures and JK&B Capital also participated in the round. Concurrently, Baynote announced that former SAP executive Doug Merritt has been named president and CEO to lead the company through its next phase of investment and growth.

Both announcements come on the heels of 2010 being another record year for Baynote as the company grew year over year revenues by approximately 75 percent. This momentum drove the board's decision to invest in several functional areas that will allow the company to scale with heightened demand for its adaptive web solutions among digital marketing and e-commerce executives at Global 2000 organizations. The new capital, which brings total funding for Baynote to more than $28 million, will be used primarily to advance the company's entrance into new high-growth industries, such as telecommunications and financial services, and accelerate product innovation. Funds will also be used to more aggressively expand Baynote's brand exposure worldwide.

"Through Singtel Innov8's investment, we hope to tap into the Singtel Group's expansive markets and capabilities to help take Baynote and our technology for digital and e-commerce professionals to the next level," said Jack Jia, founder and chairman, Baynote.

"We believe Baynote's thought leadership around the adaptive web and its disruptive collective intelligence technology for digital marketers and merchandisers will continue to fuel the company's growth in an area which is becoming more important for enhancing customer experience," said Yvonne Kwek, CEO of Singtel Innov8. "With Doug's appointment to CEO and the latest financing, Baynote is now poised for what we expect will be a period of very explosive growth for the company worldwide."

"Baynote has done an excellent job growing between 70 and 120 percent each year since the company was founded in 2005," said Doug Merritt, Baynote's newly appointed president and CEO. "Based on the founding team's incredible success to date and the increasingly strong reception to our technology among digital marketers, the board and management team expect our growth rate to be multiple times higher by the end of 2012. We'll use the funding to be more aggressive in product innovation, marketing, and channel development to scale with this exciting opportunity."

Singapore, 10 January 2011 – Singtel Innov8 Pte. Ltd. (Innov8) today announced that it has led a Series-A financing in 2359 Media Pte. Ltd. (2359 Media), a Singapore-based company, making this Innov8's first investment since its launch in September 2010.

Innov8, a wholly-owned subsidiary of the Singtel Group, has invested approximately S$800,000 in the company. 2359 Media was founded in 2009, and is supported by NUS Enterprise Incubator.

The Series-A financing will help 2359 Media accelerate the development of MobDis, its mobile advertisement creation platform that allows marketers and designers to rapidly create engaging mobile advertisements. 2359 Media plans to expand its distribution into the US market within the next quarter.

Innov8 was set up to help the Singtel Group gain early access to new technologies and stay relevant to customers' needs. In turn, developers and innovators can leverage the scale and reach of the Singtel Group to access 368 million1 mobile customers across Asia and Africa.

Mrs Yvonne Kwek, CEO of Innov8, said: "We are excited to support the local ecosystem of developers and innovators. We have also been encouraged by the level of interest and promising ideas we have received so far, not only from Singapore, but from around the world including China and the US."

Singapore, 21 September 2010 – Singapore Telecommunications Limited (Singtel) today announced it has set up Singtel Innov8 (Innov8), a corporate venture company to invest in innovative technologies and solutions to create future growth engines for the Group. Innov8, a wholly-owned subsidiary of Singtel, will have an initial fund size of S$200 million.

Innov8 will collaborate with leading innovators, developers, government agencies, R&D organisations as well as other equity providers around the region to promote innovation. It will work closely with these partners to identify and explore new ideas and technologies, fund and support promising companies and provide access to markets that the Singtel Group operates in.

Mrs Yvonne Kwek, CEO of Singtel Innov8, said: "Innov8 will connect with the innovation hotspots of the world for new ideas, technology, products and services. We will invest in and incubate these innovations, and eventually bring them to market."

Innov8 will focus its investments on technologies and solutions that lead to quantum changes in network capabilities, next generation devices, digital content services and enablers to enhance customer experience.

Developers and innovators can leverage the scale and reach of the Singtel Group to access over 350 million customers across Asia and Africa. Innov8 will also allow developers and innovators to uncover the uniqueness of different markets and help them create better solutions for mass deployment. In return, the Singtel Group will gain early access to new technologies, allowing it to enhance its customer proposition and make forays into new markets or segments.

Innov8 is part of the Singtel Group's journey to transform itself from a traditional telecommunications provider to become a leading multimedia and ICT solutions provider.

Ms Chua Sock Koong, Singtel Group CEO, said: "The investments made by Innov8 will ensure that the Singtel Group continues to stay relevant to customers' needs and capture growth opportunities. With Innov8, the Group will continue to shape the market and deliver sustainable growth into the future."