Newsletter
Batteries, Space Tech & AI: SEA Raises $23.7M
Southeast Asia's startup ecosystem recorded $23.7M in disclosed funding across four companies this week. Singapore's NEU Battery Materials, Drylab AI and Aliena attracted fresh investment, while Thailand's Salary Hero raised $7.6M to support its expansion into Malaysia.
16 Oct 2026
NEU Battery Materials, a Singapore-based lithium recycling company, has closed an oversubscribed USD 7.6 million funding round co-led by Shift4Good and SGInnovate, with participation from new investors Lotus Singapore Group and M7 Holdings alongside existing backer Paragon Ventures I.
Salary Hero, a Bangkok-based financial health platform, has raised USD 7.6 million in a Series A equity funding round led by Singapore-based Cento Ventures, with participation from Malaysia-based Kairous Capital and M Venture Partners. The capital injection marks the company's official market entry into Malaysia.
Drylab AI, a Singapore-based autonomous agent platform for life sciences research, has raised USD 3 million in a seed funding round led by Vertex Ventures Southeast Asia & India, with participation from PatSnap.
Aliena, a Singapore-based spacetech startup, has raised USD 5.5 million in a Series A1 funding round led by investment firm In Group Holdings, with participation from existing investors including Wavemaker Partners and workforce management firm LotusOne.