Quick, we’ve got quantum on the list

Spirit AI, Mobilint, Green SM Indonesia, and more raised funds this week.

Read from your browser FOMO Saturday Welcome to Tech in Asia's free Saturday VC newsletter! Register to get full access to our subscribers-only premium content and other insightful analysis on the big and messy topics of Asia's tech and startup community. Ensure our articles appear in your Google searches: Hello Betamax, What are the industries that are commanding the bulk of fundraising dollars? Well, we all know AI's top of the list. This week, 15 of the 65 companies on our fundraising list operate in the space, and there are plenty more that definitely use AI in some way, but are tagged as "fintech" or "ecommerce" or such. But while AI has volume, the health and biotech sector has scale. The largest deal in our dataset is a US$787 million strategic investment into Earendil Labs, and there are numerous investments into early-stage biotech investments, signalling keen interest in the life science sector. As they say, health is wealth. In my view, it's certainly a sector to watch. You can find all other important investment deals that happened in the last few days in our weekly funding news wrap-up. Let's dive into the biggest deals and M&As that recently took place. -- Stefanie THE BIGGEST DEALS BY COUNTRY 🇨🇳 Earendil Labs is an AI-powered biotech company focused on drug development. Based in China, it raised US$787 million in strategic investment from DST Global, Dimension Capital, INCE Capital, Luminous Ventures, and Miracle Capital. 🇹🇭 Specializing in AI-powered software products, Amity Solutions, which hails from Thailand, bagged US$100 million in series D funding from Asia Partners, CMLIM Capital, EDBI, SG Growth Capital, and SMDV. 🇮🇳 Rocketlane is an automation software firm based in India. It raised US$60 million in series C money from Insight Partners. 🇰🇷 Building a software supply chain security system, Labrador Labs, a company from South Korea, bagged US$14.5 million in series B funding from DS Asset Management, Korea Asset Investment Securities, Novorsec Investment, POSCO Capital, Shinhan Venture Investment, Stonebridge Capital, and Tyche Investment. 🇦🇺 Silicon Quantum Computing develops quantum computers and analogue quantum devices. Based in Australia, it raised US$14 million in series A money from the National Reconstruction Fund Corporation. Here's the complete list of this week's funding chart: 65 deals worth over US$1.4 billion. M&AS 🇦🇺 Doohly, an advertising tech company from Australia, has been acquired by design software giant Canva for almost US$21 million. STARTUPS THAT ARE RAISING FUNDS Fundraising is hard. To make things slightly easier, we've compiled this list of fundraising startups for our subscribers. Do you run a startup that's raising at the moment or know someone who does? Sign your company up for listing here. Here's a preview of the startups: 🇻🇳 This Vietnam-based startup uses AI and machine learning to offer quality predictive analytics, helping optimize the productivity of process manufacturers. 🇸🇬 Hailing from Singapore, this company builds verification-first legal AI for disputes and arbitration teams. 🇮🇩 This Indonesian company offers a no-code risk decisioning platform. You can find the full list of fundraising startups in Asia over here. BEHIND THE GLASSWALL Fundraising often involves reaching out to several contacts, many of whom founders might not have dealt with before. To provide some transparency to this process, we created Glasswall, a platform for founders to give feedback and recommendations on investors. Check out the full list here. ✅︎ "Was a smooth process involving a number of discussions and two investments in total. The DD required was in line with expectations for an early-stage investor." - Read more ❌ "Trends-driven, and does not think independently." - Read more * ✅︎ "Met the managing partner at an event and explained our business model. He drew out the entire model on a whiteboard and showed where there was potential breakage, all within 15 minutes. Then he sent his analyst to do DD and wrapped up the investment within four weeks. Post investment, they exercised pro rata and continuously introduced us to more potential clients." - Read more EXCLUSIVE LISTICLES Lists of most active investors in the region China | India | Indonesia | Japan | Singapore | Southeast Asia List of top-funded startups in Asia China | India | Indonesia | Israel | Japan | Hong Kong | Singapore | South Korea | Vietnam THOUGHTFUL READS 1️⃣ Fintech in focus Fintech firms are likely to make up the bulk of venture capital investment in Hong Kong this year. Fintech firms accounted for the biggest share of venture investment last year, and two of the biggest deals involved companies in the sector. At the same time, investors are backing fewer, more established companies. Dive deeper in this piece from Hong Kong Business. 2️⃣ Corporate VC's identity crisis Corporate venture capital (CVC) has remained steady over the past few years, reaching record highs in new activity in 2025. However, there appears to be a shift in how CVCs are operating - they take stakes as limited partners in VC funds and lean into "platform development" in their interactions with startups. But if this is the case, what's the point of running a CVC at all? This piece from Global Corporate Venturing goes deeper. 3️⃣ AI killed the SaaS star The traditional SaaS playbook - of seat licenses and multiyear enterprise contracts - is losing its shine, as AI blurs the lines between product and service. According to this article on Forbes, this isn't just changing how founders build companies but it'll also transform how investors think about frameworks, metrics, and the templates for success. 4️⃣ The state of seed funding Good news: Seed funding hasn't stalled. Bad news: Seed rounds are now bigger than ever. In the US, seed funding deals of US$200,000 to under US$5 million are down roughly 20% year on year. Massive seed rounds of US$10 million and above were what grew in 2025, marking a clear division of investment at the seed stage. Crunchbase News goes deeper in this article. 5️⃣ The hottest names in cybersec Cybersecurity is becoming increasingly important - and as cybersecurity companies rise in prominence, so are the VCs operating in the space. Cybercrime Magazine shares the who's who in cybersecurity venture investment - check it out here. ADVERTISE | SUBSCRIBE | HIRE | FIND JOBS P.S. Don't miss out on the biggest tech news and analysis. Add newsletter@techinasia.com to your address book, contacts, or safe sender list. Or simply move us into your inbox. Tech in Asia thanks our partners for supporting our newsletters. Sponsorship has no influence on editorial content. Too many emails? Switch to a different frequency or get new content through our preference center, or unsubscribe. You can also remove yourself from all Tech in Asia emails over here. Copyright © 2026 Tech in Asia, All rights reserved. Tech in Asia (Podium Level 3), 1000 Toa Payoh North, News Centre, Singapore 318994 A member of The Business Times.