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Paytm & CRED Founders Back Singapore AI Startup
Singapore's startup ecosystem attracted $13.6M in disclosed seed funding across three companies this week. Parallel Loop emerged from stealth with backing from 3one4 Capital and prominent fintech founders, while Blue Whale Energy and Genie Health secured new capital for energy storage and AI-powered healthcare.
23 Oct 2026
From enterprise AI and nationwide battery networks to AI-powered healthcare, Singapore startups secured USD 13.6M in disclosed seed funding this week.
Parallel Loop (Singapore) – Emerged from stealth with USD 6.6M in seed funding led by 3one4 Capital, joined by Picus Capital, Flourish Ventures and EDIS. Angel investors include Paytm founder Vijay Shekhar, CRED founder Kunal Shah and former A*STAR chairman Philip Yeo. The startup builds secure enterprise AI workflows.
Blue Whale Energy (Singapore) – Raised USD 4M in seed funding from Analog Ventures, Monk’s Hill Ventures and UntroD Capital, alongside Wavemaker Partners, SEEDS and ADB Ventures. The company is developing a nationwide battery network to help manage grid energy demand.
Genie Health (Singapore) – Raised USD 3M in seed funding led by Nadathur Family Office, with participation from Liminal and two healthcare investors. The startup develops AI-powered health data tools for consumers and clinics.