Malaysia funding

A Malaysian startup has raised US$2 million to address the heat bottleneck in AI chip technology. This funding aims to enhance the performance and efficiency of AI chips, which are critical for various applications in the tech industry.

Boost is a fintech company that provides payment and financing services to users and merchants in Malaysia and Indonesia. The company is notable for its recent US$20 million investment from the International Finance Corporation, which values it at US$340 million and supports its expansion plans.

BLOX develops digital asset infrastructure and provides access to stablecoins and tokenized financial products. The company is focused on expanding its ringgit-backed stablecoin MYRC and has seen significant growth in transaction volume over the past year. BLOX aims to build trusted and compliant infrastructure for businesses and consumers in the digital asset space.

Respond.io is a customer communication management platform that integrates various messaging apps into a single system, allowing businesses to communicate effectively with their customers. The platform is particularly beneficial for sectors requiring long-term customer communication, such as healthcare and education, and is distinguished by its AI agents that handle requests without human intervention.