iMotorbike completes Series A funding with USD million to drive regional growth

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  • Round led by Headline, with contribution from 500 Global, Gobi Partners etc
  • Funding will grow iMotorbike with facilities and shops in Penang & Johor

(From left to right: Gil Carmo and Sharmeen Looi, co-founders of iMotorbike, Akihiko Okamoto, partner of Headline Asia and Brian Yen of Headline Asia principal)

iMotorbike, Southeast Asia’s leading motorcycle platform for buying and selling pre-owned motorcycles, has announced the completion of a US$ 10 million ( RM44. 6 million ) Series A funding large. The round was led by Headline, a worldwide venture capital firm renowned for backing revolutionary B2B and B2C projects, with contribution from other popular investors, including Ondine, 500 Global, Gobi Partners, Astor Management, and Endeavor Catalyst. The Series A revenue was completed in two tranches: the first in June 2023, and the most recent large led by Headline.

Akihiko Okamoto, companion at Headline Asia, said: “iMotorbike has demonstrated extraordinary vision and murder in addressing cracks in the pre-owned scooter business. Their emphasis on quality, accountability, and customer satisfaction has established them as the head in this growing industry. As they prepare to provide new lands and develop across Southeast Asia, we are excited to help their trip and see them continue to innovate. ”

This financing will help iMotorbike’s rise in Malaysia, where the business plans to open new examination centres and shops in important locations, including Penang and Johor. Also, the funding will allow workforce development, with plans to hire competent mechanics and operations staff. Beyond Malaysia, iMotorbike is also planning to establish a new unit in Taiwan.

“We initially invested in iMotorbike in 2017 and remain confident that the world used motorcycle market may be adaptable as riders seek economical and reliable solutions amid financial uncertainties. As early movers, Carmo and his team have spent the past eight years creating a blueprint for trust and comfort in the motorcycle industry, positioning them to lead this freedom pattern far beyond Southeast Asia, ” said Khailee Ng, managing companion at 500 Global.

Fast growth and expansion

iMotorbike’s growth in Malaysia has been accelerating, bolstered by the launch of its Glenmarie showroom in 2024, a three-storey, 46,806-square-foot facility in Selangor. Co-founded by Gil Carmo and Sharmeen Looi, iMotorbike reached a significant milestone in 2024, serving 10,000 customers and becoming the go-to platform for motorcycle enthusiasts across Southeast Asia. Its growing online presence, particularly on TikTok, where content has garnered up to 1. 6 million views, has further cemented its popularity among digital-savvy users. By seamlessly integrating online and offline experiences, iMotorbike ensures a smooth trading journey, offering a trusted platform for buying, selling, and trading motorcycles.

Randolph Hsu, co-founder of Ondine Capital, commented: “As the lead investor in iMotorbike’s previous funding round, we are proud to support them with a super pro-rata investment in this new round. We have witnessed their remarkable growth and unwavering commitment to transforming the motorcycle market in Asia. We are confident in their vision, leadership, and ability to deliver value to clients. We foresee iMotorbike further strengthening its presence locally and internationally, and Ondine Capital will continue supporting them by bridging resources across Asia. ”

Since its founding in 2016, iMotorbike has established a strong presence in Malaysia and Vietnam by prioritising customer trust and convenience. Features such as a comprehensive 170-point inspection, a six-day return policy, and a six-month warranty have solidified its reputation as a reliable, customer-focused platform.

Looking ahead

Commenting on the funding, Gil Carmo, co-founder and CEO of iMotorbike, said: “ From day one, our goal has been to create a platform that people can trust, whether buying or selling motorcycles. This funding validates the work we’ve done and the potential of pre-owned motorcycles in Southeast Asia. With this investment, we are excited to take iMotorbike to the next level. ”

He continued: “Beyond expanding our footprint in Malaysia and launching in Taiwan, we will continue improving our platform and scaling our operations to meet growing demand. We are deeply grateful for the trust our investors and customers have placed in us and remain committed to setting new standards within the industry, making pre-owned motorcycles more accessible and hassle-free for everyone. ”

Looking towards 2025, iMotorbike is steadfast in its mission to provide a trusted, seamless platform for motorcycle transactions. With new markets on the horizon and an expanded team, the company is poised to sustain its impressive growth and solidify its leadership across Southeast Asia and beyond.

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The Access Group appoints Lim Chee Gay to lead Kuala Lumpur operations, reaffirming commitment to Malaysia expansion

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  • Most recently, the world main human resources officer at TDCX
  • The new release aims to create over 1,000 careers in Kuala Lumpur by 2027

The Access Group appoints Lim Chee Gay to lead Kuala Lumpur operations, reaffirming commitment to Malaysia expansion

The Access Group, one of the UK’s largest business management software providers, has appointed Lim Chee Gay ( pic ) as the new managing director of its Global Operations Centre ( GOC ) in Kuala Lumpur, Malaysia, effective 1 January 2025.

n a speech, the business said this interview marks a major breakthrough in its regional and global development plan. Following the launch of its fresh GOC in November 2024, the centre, along with other Access GOCs worldwide, will support 40 % of the Group’s global staffing needs and deliver quality in product architecture, customer support, consumer success, sales, selling, and activities.

Lim’s appointment reflects the group ’s ambition to build a worldwide network of innovation hubs that empower customers, get best talent, drive improvements in goods and AI, accelerate revenue growth, and deliver operating excellence. Through the recently launched GOC, Access expects to produce over 1,000 new jobs in Kuala Lumpur by 2027, aligning with Malaysia’s present services goals to build an efficient and experienced native talent pool and create 500,000 high-value online jobs by 2025.

Driven by a passion for innovation, Lim brings extensive experience in scaling operations and driving transformation in dynamic industries. Most recently, he served as global chief human resources officer at TDCX, a Singapore-based business process outsourcing leader, where he helped grow the company from 3,000 to 19,000 employees and established 10 new operational sites within seven years.

With a 29-year career spanning leadership roles at organisations such as AIA, Samsung, T-Systems, and Intel, Lim has been instrumental in driving growth, innovation, and transformational initiatives. Recognised as one of Southeast Asia’s HR Icons, he is also an adjunct professor and advisory board member at several universities, reflecting his commitment to nurturing future talent.

Commenting on his new role, Lim said: “Access has a clear vision as a premier technology solutions provider, delivering exceptional value through operational excellence and innovation. This is an exciting time to join Access, following the outstanding local response in Malaysia and the wider APAC region to our launch.

“We have a strong foundation to build upon, and now is the perfect time to deepen our community connections and deliver even greater value to our customers. I am committed to making our new GOC world-class and look forward to working with our talented team to grow the business and attract the best talent across APAC, ” he added.

Chris Bayne, CEO of The Access Group, said: “Our GO Centres in Loughborough, Timișoara, and Kuala Lumpur are instrumental in driving innovation, enabling faster M& A integration, and delivering exceptional customer experiences on a global scale. We are delighted to welcome Lim to the group. Under his leadership in Kuala Lumpur, we are confident he will further strengthen its position as a critical hub in our global network, fostering collaboration, innovation, and excellence. ”

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Cohesity appoints Lim Hsin Yin as vice president of Sales for Asean

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  • Over 30 years of practice in the technology industry
  • Originally the managing director for Singapore at SAS

Cohesity appoints Lim Hsin Yin as vice president of Sales for Asean

Cohesity, a leader in AI-powered data security, has announced the appointment of Lim Hsin Yin ( pic ) as vice president of Sales for the Asean region. In this position, Lim may oversee Cohesity’s business strategy, sales procedures, and development initiatives across the area.

An economy veteran with over 30 years of experience in the software industry, Lim joins Cohesity from SAS, where she was managing director for Singapore. At SAS, she led the organisation’s company transition plan and drove significant market share growth through strategic alliances and increased deployment of AI and predictive analytics solutions.

Due to SAS, Lim spent 11 years at Dell EMC, starting as financial services chairman in Singapore before taking on local authority roles in mid-market income across Asean and Korea, and sky and data backup for Singapore and Malaysia. Under her leadership, sales and channel teams consistently surpassed revenue targets year after year. Earlier in her career, Lim served as managing director for Avaya in Singapore and held senior roles at IBM in software and financial services.

“Success in cybersecurity requires organisations to enhance their cyber resilience as cyber criminals increasingly exploit modern tools to amplify the scale and speed of their attacks. While modern technologies like AI enable efficiency and innovation, they also demand constant vigilance to meet data security and regulatory requirements, ” Lim said.

“ In today’s evolving threat landscape, it is crucial for organisations to prioritise cybersecurity and cyber resilience in their digital transformation efforts to ensure data is always secure and accessible. I look forward to leading the ASEAN team in strengthening our customers ’ cyber resilience and data management capabilities, empowering them to unlock the full potential of AI and achieve their business goals, ” she added.

Mark Nutt, senior vice president, Sales, International Region, Cohesity, commented: “This is an exciting time for Cohesity as we deliver industry-leading cyber resilience solutions for data security with cutting-edge AI capabilities. I’m delighted to welcome Lim to lead our Asean sales team and build on the strong growth we’ve experienced across individual markets in recent years.

“ I look forward to her joining the International Leadership team and contributing her extensive experience in driving market share growth across cloud infrastructure, AI, data analytics, and enterprise software at SAS and Dell EMC. Her proven ability to foster trust and lead high-performance, diverse teams aligns perfectly with Cohesity’s values. Our customers, partners, and employees will undoubtedly benefit from her expertise and personal approach, ” he added.

In her free time, Lim champions social causes and mentoring initiatives. She serves as Chairwoman of the SGTech AI Skills and Training Committee and participates in industry councils.

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Revolutionising innovation: Positioning Malaysia as a global tech powerhouse

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  • Aims to strengthens R&amp, D to handle food and health security
  • TiPM/MRANT I adopts Z-Park’s design to enhance Malaysia’s technology top

Revolutionising innovation: Positioning Malaysia as a global tech powerhouse

Malaysia’s focus on innovation and technology has never been more important as it prepares to ride the wave of the Fourth Industrial Revolution ( 4IR ). Malaysia’s position on the global innovation index ( GII )’s 33rd position is a testament to its unwavering commitment to creating a dynamic environment where innovation can flourish.

Dr. Rais Hussin, the CEO of Malaysian Research Accelerator for Technology and Innovation ( MRANTI), who is a seasoned expert in the field of technology and innovation, is at the forefront of the country’s innovation advancement mission. A prominent entrepreneur, strategist, and policy intellectual, Rais previously served as the chairman of the Malaysia Digital Economy Corporation ( MDEC ).

As the mind of MRANTI, he has taken a focused and strategic approach to strengthening Malaysia’s technology ecosystem, converging on addressing national issues. He has successfully secured considerable government funding to improve the infrastructure at MRANTI Park in order to make it a hub for innovation of the highest caliber.

MRANTI CEO Dr Rais Hussin (left) speaking to Malaysiakini co-founder Premesh Chandran

Under Rais ‘ leadership, MRANTI is in the midst of a marketing practice, now known as Technology Innovation Park Malaysia ( TiPM), to reinforce its global presence and vision. This reflects the company’s commitment to rebalancing its focus and achieving its objective of becoming a hub for creativity.

TiPM: The fresh section

With its rebranding, TiPM/MRANT I aims to accelerate demand-driven research and development ( R&amp, D) and address pressing national concerns, including food and health security. The organization wants to make sure that advances are not just conceptual but also useful and thought-provoking. This goal is in line with Malaysia’s desire to move from being a client of technology to a producer of technology.

Revolutionising innovation: Positioning Malaysia as a global tech powerhouse

Addressing food safety through tech

One of Malaysia’s most pressing problems is the country’s outrageous foods transfer bill. Drawing on global achievements stories from India, China, and Qatar, TiPM seeks to implement innovative solutions that are both scalable and sustainable.

“4IR has helped countless nations solve their food safety issues. India, for example, despite its inhabitants of 1.475 billion, through mechanisation, technology, and 4IR, it is now able to export 25 million metric kilograms of grain a time”, said Rais.

” One of the demands that has been given to us is addressing the nationwide food safety plan using 4IR,” he said.

Defining “territorial quality”

A major social issue in Malaysia is the fragmented strategy of government agencies, dubbed “territorial excellence”, which typically inhibits collaboration and innovation.

Rais emphasized the value of instilling a tradition of collaboration, drawing inspiration from nations like Sweden, which has a higher ranking in global development rankings. In Sweden, coherent inter-agency work and mission-driven targets have been instrumental in driving technology.

Tackling brain dump

Malaysia’s brain dump remains a crucial issue, with around 500, 000 qualified professionals leaving the country in the past century.

” And guess what? These are from the age group of 27 and above with the appropriate knowledge, expertise, abilities and experience. What do they do next?

” The number one state that they go to is Singapore, and finally New Zealand, Australia, the United Kingdom and the others,” said Rais.

The lack of a solid ecosystem that fosters talent and innovation is a contributing factor, despite the fact that salaries are competitive worldwide. To achieve this, TiPM/MRANT I creates a culture that both retains and draws skills from abroad.

Turning R&amp, D into effective products

One of TiPM/MRANTI’s main goals is to address the longstanding problem of” table research”- government-funded research that rarely sees the light of day.

The government has invested a lot in R&D, but the majority of them are sitting on shelves without the opportunity to make their full effect. That’s really unlucky! This is where we step in as a technology commercialism pedal, bridging the gap between studies and commercialism,” MRANT I general habitat agent, Safuan Zairi, explained.

How can we contribute to the dissemination of all these brilliant research ideas? We bring in our ecosystem partners- universities, start-ups, and industries- to create a technology commercialisation value chain. We look at it from the viewpoint of technology readiness, “he added. &nbsp,

MRANTI chief ecosystem officer Safuan Zairi

Learning from global success stories

TiPM/MRANT I draws inspiration from thriving innovation hubs like Zhongguancun Science Park ( also known as Z-Park ), which has produced numerous unicorn companies through a robust innovation and entrepreneurial ecosystem. It hopes to position Malaysia as a leader in the world’s innovation landscape by adopting similar tactics and drawing lessons from their experience.

Hidden cost of inaction

The government’s expenditure on projects, often understated in official figures, reveals a complex web of inefficiencies. The reliance on rudimentary models, such as using a basic multiplier of one, to estimate economic impact is a crucial factor because it vastly underestimates the potential value of investments. This oversight points to larger systemic issues, including inefficiency, poor execution, and brain drain.

Rais correctly observed that even the best-crafted plans are undermined by poor execution. For example, Malaysia’s Agricultural Master Plan, hailed as a blueprint for achieving food security, remains largely unrealised due to entrenched obstacles like cartels and the absence of stakeholder ownership.

An artist’s impression of TiPM/MRANTI’s ground-breaking development project spanning 686 acres

Innovation as a national priority

Malaysia must concentrate on transitional research, which bridges the gap between academic endeavors and practical applications, to achieve its 2030 goal of being in the top 30 of the Global Innovation Index. Enhancing commercialization efforts is the solution. Lessons from nations like South Africa point out the perils of placing emphasis on outputs over outcomes, such as achieving high commercialization rates without addressing real market needs.

A framework for success: IOOI and outcome-driven strategies

The IOOI ( Input-Output-Outcome-Impact ) framework emerged as a pivotal tool for ensuring accountability and focus in project execution. The IOOI framework emphasizes outcomes and impacts, in contrast to traditional metrics that prioritize inputs and outputs. For instance, investing in technology to enhance student digital literacy can have the power to boost family economic empowerment.

This approach aligns with best practices from certain countries, such as Singapore, where every dollar spent is tied to measurable outcomes. Using these models to improve Malaysia’s fragmented reporting culture and shift the focus from procedural compliance to strategic impact can be avoided.

Revolutionising innovation: Positioning Malaysia as a global tech powerhouse

Balancing short-term wins and long-term goals

The tension between achieving quick wins and pursuing long-term goals was a constant theme. The rolling plan ( annual ) request for budget is frequently compelled by agencies to prioritize immediate results, which may stifle larger, transformative goals in the five-year planning cycles following the Malaysia Plan framework.

As it stands, every agency needs to deliver results within a year in order to receive guaranteed funds in the following year. According to Khalid Yashaiya, chief strategy officer, this will encourage organizations to carry out initiatives that are easier and simpler versus more comprehensive action plans.

He noted that some countries, such as Sweden, use an alternative approach, focusing on a few clear national missions.

” Sweden has their plans. They have a mission, and it’s very simple. They focus on, say, for example, five target areas. Again, just an example, they want zero hunger. Everyone would know that there is a four-year target.”

Without the constant pressure of short-term deliverables, these long-term goals promote sustainable collaboration and innovation.

MRANTI chief strategy officer Khalid Yashaiya.

Towards a unified ecosystem

A tense ecosystem with overlapping mandates among government ministries continues to be a significant challenge. Promoting better coordination and clarity of roles is essential to address this. Collaboration between organizations like MDEC and Cradle Fund can ensure that efforts in emerging fields like autonomous technologies, life sciences, and sustainable agriculture are coherent and effective.

The path forward

Despite the challenges, Malaysia’s commitment to innovation and sustainability remains steadfast. By leveraging frameworks like IOOI, fostering local talent, and embracing a culture of accountability, the nation can position itself as a leader in the global innovation landscape.

The goal is not merely to chase metrics but to create meaningful, lasting impacts. This requires a delicate balance of ambition, strategy, and execution- qualities that, if harnessed effectively, can propel Malaysia into a brighter, more innovative future.

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U Mobile, SDEC partner to drive Sarawak’s digital transformation and bridge Malaysia’s digital divide

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  • Aims to promote 5G implementation and answers among Sarawak’s SMEs
  • Collaboration uses the Multi-Operator Core Network to expand 4G cover to remote Sarawak.

From left to right: Kueh Lei Poh, Mukah Resident; Haji Ahmad Johnie bin Zawawi, member of Parliament for Igan; Haji Abdul Rahman Bin Haji Junaidi, deputy minister for Utility and Telecommunication Sarawak (Utility); Sudarnoto Osman, CEO of Sarawak Digital Economy Corporation (SDEC); Haji Julaihi bin Haji Narawi, minister for Utility and Telecommunication Sarawak; Abdullah bin Haji Saidol, deputy minister in the Premier’s Department (Corporate Affairs, Information, and UKAS) and ADUN N.42 Semop; Alex Tan, chief sales officer of U Mobile; Haji Yusuf bin Abd Wahab, member of Parliament for Tanjung Manis; and Neil Tomkinson, chief information officer of U Mobile.  

In order to support the goals of the Sarawak Digital Economy Blueprint 2030, U Mobile, Malaysia’s future second 5G network provider, has signed a Memorandum of Understanding with Sarawak Digital Economy Corporation Berhad ( SDEC ). By 2030, according to this blueprint, the state will have a strong digital economy and an equitable digital society. U Mobile will collaborate with SDEC on efforts to promote digital conversion for Sarawak’s small and medium-sized businesses and to close the modern split in underserved areas.

The partnership may rely on driving 5G implementation among Sarawak’s Entrepreneurs by providing community connectivity, educational programmes, devices, and modern use-case solutions. These initiatives are intended to advance local organizations and strengthen their position in the modern economy.

U Mobile and SDEC will look into ways to expand online access to remote and underserved populations in light of the success of a Little Cell Proof of Concept&nbsp that provided connectivity to a homestead in Long Lawen.

” U Mobile is committed to playing a crucial part in Malaysia’s trip towards becoming a online enabled, high-income state. Our mission and the partnership with SDEC lead to the achievement of broader nationwide objectives. By collaborating with SDEC, we aim to enable Sarawak’s communities and businesses with 5G technology and modern solutions, ensuring no one is left behind in the journey towards a connected potential”, said Alex Tan, U Mobile’s key sales officer.

” We are proud to support Sarawak’s vision of building an inclusive and green digital economy by 2030″, he added.

Sudarnoto Osman, CEO of SDEC, reaffirmed the organisation’s dedication to facilitating strategic partnerships that contribute to Sarawak’s digital development. ” As Malaysia advances digitally, fostering industry collaboration, including exploring 5G use cases with U Mobile, is crucial to ensuring Sarawak remains at the forefront of technological innovation. He said,” Our goal is still to give Sarawakians access to cutting-edge digital solutions to promote sustainable growth and innovation.”

The Sarawak Multimedia Authority Rural Telecommunication 600 project, which uses Multi-Operator Core Network technology to increase 4G coverage in rural areas, is a collaboration between U Mobile and SDEC in addition to the MoU. This demonstrates U Mobile’s commitment to enhancing Sarawak’s digital connectivity.

The MoU was formalised during the launch of the Sarawak Rural Broadband Network’s ( MySRBN ) new coverage at Kampung Betanak, Pulau Bruit in the Mukah division, witnessed by Haji Julaihi bin Haji Narawi, Sarawak’s minister for Utility and Telecommunication.

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Asia Mobiliti, Triterra announce partnership for DRT Service in KL Metropolis

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  • In KL Metropolis, Trek Rides did debut in the first half of 2025.
  • Partnership improves first-and-last-mile communication in the growing city

From left to right: Zulkifli Fitri Ismail, chief financial officer of Triterra; Michael Yam, joint chairman of Triterra; Christopher Lim Hwa Seong, CEO of Tritterra; Ramanchandra Muniandy, CEO & co-founder of Asia Mobiliti; Daniel Lim Hwa Yew, deputy chairman of Triterra; and Vicks Kanagasingam, chief commercial officer at Asia Mobiliti

Asia Mobiliti, Malaysia’s leading Mobility-as-a-Service ( MaaS ) company, and Triterra, the developer of The Met Corporate Towers, have announced a strategic partnership to introduce innovative and sustainable mobility solutions to KL Metropolis, the International Trade &amp, Exhibition District of Kuala Lumpur. This partnership highlights the growing interaction between freedom and real property in creating connected, green, and modern industrial communities, the organization stated in an announcement.

The partnership will co-fund and implement Asia Mobiliti’s Trek Rides Demand-Responsive Transit ( DRT ) service within the KL Metropolis zone to address first- and last-mile connectivity gaps in the rapidly expanding mixed-development district.

Designed to reference the city to essential public transport stations and hubs, including MRT Sentul Barat, KTM Segambut, and Duta Bus Terminal, Trek Rides will provide a sustainable public transportation option for residents, workers, and visitors. Notable destinations within the area include The MET Corporate Towers, the Malaysia International Trade &amp, Exhibition Centre ( MITEC ), government offices such as Matrade, MITI, LHDN, and JPN, the KL High Court complex, as well as shopping malls like Publika, Solaris Mont Kiara, and 1 Mont Kiara. Educational organizations such as Mont Kiara International School, the French School of Kuala Lumpur, and local public schools will even profit, alongside residential areas in Mont Kiara, Dutamas, Jalan Kasipillay, and Taman Segambut SPPK.

Asia Mobiliti, Triterra announce partnership for DRT Service in KL MetropolisRamachandran Muniandy ( pic ), CEO and co-founder of Asia Mobiliti, stated,” This partnership with Triterra reflects our shared vision for digital, inclusive, and sustainable cities, enabled by the integration of innovative mobility technology with iconic real estate. The future of our settlements may be shaped by this new type of a flexibility ecosystem that recognises communication, integration, and sustainability”.

In KL Metropolis will be a new version of Trek Rides, which is already in use in a number of Klang Valley regions, in the first fourth of 2025. The company will offer residents and firms with a practical, eco-friendly alternative to personal cars, helping to reduce traffic congestion. Users of the Trek software can guide DRT rides in all Trek Rides operating zones and access a complete bidirectional journey planner for the Klang Valley.

Triterra CEO Christopher Lim underscored the importance of partnerships in driving metropolitan development, stating,” This engagement with Asia Mobiliti corresponds with our goal to integrate freedom with urban creation, creating areas that are much connected, more sustainable, and inclusive. Collectively, we are paving the way for smarter, greener places that prioritise people and the environment”.

The collaboration between Triterra and Asia Mobiliti demonstrates the potential for property developers to incorporate smart transport options into their projects, bringing benefits to the local community as a whole. This program serves as a template for current urban preparing, showcasing the rise of online locations powered by mobility-as-a-service.

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Cyberview Living Lab Accelerator hits 10th anniversary with 6 startups awarded total US1k at Cohort 19’s Demo Day

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  • Midwest Nanomaterials and Shadebase AI were given more funds.
  • Companies have raised US$ 58 million investments and US$ 185 million in revenue since commencement.

Cyberview Living Lab Accelerator hits 10th anniversary with 6 startups awarded total US$241k at Cohort 19’s Demo Day

” Malaysia has made great strides in establishing itself as a hub for innovation and entrepreneurship, and programs like the Cyberview Living Lab Accelerator ( CLLA ), are instrumental in achieving this mission”, said Chang Lih Kang, minister of Science, Technology and Innovation ( MOSTI ) at the accelerator’s cohort 19 Demo Day in Cyberjaya, yesterday. The 19th Demo Day likewise marked the accelerator’s 10th anniversary.

” Since its inception in 2014, the accelerator has been instrumental in empowering over 129 startups, securing more than US$ 58.40 million ( RM263 million ) in investments and generating an impressive US$ 185.88 million ( RM837 million ) in revenue”, he said.

Remaining unwavering

Regardless, he also said,” we remain steadfast in the commitment to creating an environment that nurtures innovation and entrepreneurship through initiatives such as the Malaysian Startup Ecosystem Roadmap ( SUPER ) 2021-2030 and the My Startup Platform, aiming to empower startups, facilitate collaboration and drive commercialization of innovation solutions” .&nbsp,

The secretary also emphasized the significance of Cyberjaya, which is Malaysia’s world’s leading technology hub and playground, and how important it is to fulfill this mission.

” It is not just a physical spot, but a living, breathing habitat where thoughts flourish, alliances are forged, and options are scaled. By bridging the gap between technology and effect across all balance sheets, Chang praised the Cyberview Living Lab program.

Cyberview Living Lab Accelerator hits 10th anniversary with 6 startups awarded total US$241k at Cohort 19’s Demo Day

Cohort 19

Romli Ishak ( pic ), chairman of Cyberview, in his remarks, said,” Over the past decade, this program has gone on to become one of Malaysia’s longest running accelerators, serving as a launchpad for local tech startups to bring their ideas to life and accelerate their journey towards commercialization”.

For Cohort 19, around 90 companies had applied for the system with 24 chosen. As part of CLLA 19, they were finally given access to resources and seminars.

After a five-month progressive support and approach, 10 startups were chosen for the video time:

  • Midwest Nanomaterials
  • Pixelence
  • Shieldbase AI
  • IOXTECH Global
  • Reyhut
  • Wiser Machines
  • Airlytic
  • ALT Synergy
  • Vee Smart Home
  • Vidanex

Out of the top ten, six obtained a total investment sum of US$ 241, 181 ( RM1.085 million ):

  • Midwest Nanomaterials (RM240,000)
  • Shieldbase AI ( RM225, 000 )
  • IOXTECH Global ( RM100, 000 )
  • Reyhut ( RM320, 000 )
  • Wiser Machines ( RM100, 000 )
  • Airlytic ( RM100, 000 )

Shieldbase AI received more recognition as both judges and group favourite, receiving an extra RM5, 000 and Baht, 3000 both.

Midwest Nanomaterials was awarded an additional RM3,000 for being a partner’s favourite by Leave a Nest Malaysia, a unit of Leave a Nest, a leading Japanese startup ecosystem partner.

Muhammad Adrian Wong, who was a part of CLLA’s first group back in 2014 and attended the 19 Cohort Demo Day, said,” The occasion was great, the quality of startups that had pitched are more developed now in the sense that the founders, CEOs, and CTOs are quite experienced, their products are very developed”.

He also noted that the startups have gained market recognition as a result of winning competitions and receiving grants in addition to seasoned leadership teams. These startups have also previously won numerous awards and competitions, according to Adrian.

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Malaysia’s being juice raises US mil In seed funding for simultaneous local and regional expansion

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  • plans to introduce a mobile apps to enhance user experience
  • appeals to Malaysians ‘ growing need for healthier meals options.

Sayantan Das, founder of being juice at being juice’s Nu Sentral outlet

The newcomer juice venture, being juice, has secured US$ 1 million ( RM4.5 million ) in seed funding, led by multi-stage venture capital firms 500 Global and BEENEXT. With plans to open 30 new outlets in Malaysia in 2025 and its first international store in the Philippines this month, the cash may expand its local and regional growth.

being wine is tapping into shifting health priorities, especially among Malay, two-thirds of whom presently favour healthier foods choices. Launched in April, the domestic company offers smoothie made from 100 % real fruits and vegetables. Its 16 distinct aroma combinations are crafted to provide tasty, guilt-free blends inspired by South Asian palates.

Sayantan Das, original CEO of foodpanda in Malaysia and Brunei, is the company’s leader. Commenting on the company’s path, Sayantan stocks,” This seed money square is a big step, connecting us with investors who share our perspective. We’re appreciative of our clients and eager to expand throughout Malaysia and the area, making healthier alternatives accessible to more people.

Being Juice plans to launch its own mobile apps to strengthen customer experience, both internationally and locally. The application aims to provide a seamless user experience with the aim of creating a devoted community across industry.

Being juice is updating its branding to further enhance its appeal as part of its growth strategy.

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MDEC launches latest initiative to accelerate SME digital transformation

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  • Penang’s recently opened Digital Ministry company will begin the nation-wide strategy in the first week of February.
  • US$ 6.9m awarded to Penang-based MD award recipients, 173 have MD-status

To further encourage more companies to embark on the MD status and enjoy its benefits, Anuar said an initiative will be unveiled by the Ministry soon that aims to help SMEs enhance efficiency and reduce operational costs by up to 20% through customised digital solutions.

Starting with the northern state of Penang this Monday, the Malaysia Digital Economy Corporation ( MDEC ), under the direction of the Ministry of Digital, aims to accelerate the digital transformation of small medium enterprises ( SMEs ) nationwide.

Minister of Digital Gobind Singh Deo announced this program on Monday, aimed at providing SMEs with the tools, knowledge, and assistance needed to accept digitalization and thrive in the modern economy.

In the recently opened Zon Utara Office of the Ministry of Digital in George Town, there is a program to engage Penang-based SME organisations.

The program addresses SMEs ‘ state-specific issues in adopting and implementing digital change. Additionally, it aims to collaborate with stakeholders to develop practical solutions, foster a friendly ecosystem for digital enterprises to flourish, and strengthen partnerships for the benefit of the SME community.

In his address, Anuar Fariz Fadzil ( pic above ), CEO, MDEC, said that SMEs should view technology as an investment for unlocking growth, enhancing competitiveness and future-proofing their businesses.

” Technology is a necessity in today’s quickly evolving landscape. By adopting modern tools and modern solutions, SMEs can drastically increase their effectiveness, achieve and resilience in the global market – while likewise realising greater productivity and functional efficiencies”, said Anuar.

” At MDEC, we are dedicated to providing SMEs with practical online options to increase productivity and competitiveness”, he added.

To date, US$ 6.88 million ( RM30.96 million ) has been awarded to Malaysia Digital ( MD) grant recipients in Penang, with 173 companies in the state already achieving MD status.

” We look forward to welcoming more businesses to MD standing, encouraging greater development, and making a clear path for growth and competitiveness,” said Anuar.

Businesses that engage in online and technological activities are supported by the Director position. It offers a variety of benefits to companies with the Director standing, including tax incentives, grants and financing, business corresponding and entry to networks.

A new program from the Ministry that aims to help SMEs increase efficiency and reduce operating costs by up to 20 % through personalized digital solutions will be unveiled in order to further promote more businesses to apply for the Director position and reap the benefits.

” It requires understanding their “pain positions” and providing targeted options that are in line with their business objectives and business needs,” said Anuar.

For more information on online sector initiatives and programs, visit mdec. my or give requests to]email&nbsp, protected].

Kementerian Digital’s Zon Utara Office, located at Bangunan U., is open to visitors to Penang. A. B., Scores Lebuh China, George Town, Penang.

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Avanade appoints Megawaty Khie to lead Southeast Asia region

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  • formerly oversaw Google Cloud’s Programs and Partnerships in SEA.
  • Tasked to generate growth, strengthen Avanade’s Microsoft management in SEA

Avanade appoints Megawaty Khie to lead Southeast Asia region

Avanade, the world’s leading Microsoft expert, has appointed Megawaty Khie ( pic ) as its new regional managing director for Southeast Asia, effective immediately. Megawaty will be in charge of Avanade’s business expansion and strengthen its position as the region’s major Microsoft solutions provider.

In the Artificial age, she will also serve as the head of Avanade’s team of online qualified professionals and innovators across Southeast Asia, combining native expertise with global reach to deliver value and impact to customers, ecosystem partners, and native communities. Based in Singapore, she did document to Bhavya Kapoor, senator for Asia Pacific at Avanade.

” We are thrilled to allowed Megawaty to Avanade and had her guide our Southeast Asia business,” said Bhavya Kapoor, president for Asia Pacific at Avanade.” At a time when enterprises and mid-market organizations are quickly embracing modern innovation and artificial intelligence to enhance their operations, create future readiness, and drive sustainable growth,” said Kapoor.

I’m convinced that Megawaty will take Avanade Southeast Asia to new heights and proceed to motivate our people to do what matters, he said,” with her proven track record as a people-first head and her deep knowing of the powerful South Asian markets.”

Commenting on her visit, Megawaty said,” Avanade is renowned for its market-leading Microsoft knowledge and advancement, and I am very honoured to direct its Southeast Asia local business. I strongly believe in technology’s role in unlocking potential for people and businesses and, equally important, in driving socioeconomic prosperity and progress. As Southeast Asia accelerates its journey to becoming the world’s leading AI hub, I look forward to the positive impact we at Avanade will deliver for our clients, partners, and communities”.

Megawaty led the Google Cloud business’s Southeast Asian channels and strategic partnerships before joining Avanade. She also spearheaded the launch of Google’s Cloud Region in Jakarta while serving as Indonesia and Malaysia’s Regional Director. With 30 years of experience driving growth across the enterprise, SMB, and consumer segments, she has held various leadership roles at Microsoft, SAP, IBM, HP, Dell, and Singtel.

She holds a Master of Business Administration and a Bachelor’s degree in Marketing.

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