Bundle raises USD 5.5 million to expand networked rewards platform across Asia
Bundle, a networked rewards platform, has raised USD 5.5 million in a pre-seed funding round co-led by Ethereal Ventures and Further Ventures.
The company enables businesses to combine incentive budgets into shared reward pools, allowing smaller companies to offer rewards that would be difficult to fund independently. Customers earn entries into these pools by completing eligible actions, including purchases and friend referrals. Bundle positions the model as an alternative to conventional discounts and cashback programs.
Bundle will use the capital to accelerate product development, expand regulatory coverage, develop strategic partnerships, and launch in key Asian markets. More than 50 brands have joined the platform ahead of its planned rollout in Singapore, the Philippines, and Vietnam. The company intends to expand across Asia before entering other global markets.
Temus acquires Thinking Machines to scale enterprise AI deployment
Temus, a Singapore-based artificial intelligence and digital transformation company established by Temasek, has acquired Philippines-headquartered Thinking Machines Data Science through a strategic investment. Financial terms were not disclosed.
Founded in Manila in 2015, Thinking Machines builds data platforms and enterprise AI systems for clients in financial services, retail, conglomerates, and the civic sector. It has offices in Manila, Singapore, and Bangkok.
The deal combines Thinking Machines’ AI delivery experience with Temus’ capabilities in cloud and application engineering, consulting, design, and enterprise transformation. The companies aim to help Southeast Asian organizations move AI projects from pilots into production.
Thinking Machines will continue operating under its existing brand. Founder Stephanie Sy will join Temus’ leadership team and co-lead the combined applied AI and data division with Sutowo Wong. Existing clients and partners will retain access to their current teams and services.
Horizon3 raises USD 250 million at valuation above USD 2 billion
Horizon3, a cybersecurity company, has raised USD 250 million in a Series E round at a valuation of more than USD 2 billion. Existing investors NightDragon and NEA co-led the round.
New investors Acrew, Blue Cloud Ventures, EDBI, Demeter Group, PSG, SAIC, and Sapphire participated, alongside returning backers Craft Ventures, Prosperity7 Ventures, Qualcomm Ventures, Ridge Ventures, and SignalFire.
Horizon3 develops NodeZero, a platform that autonomously tests organizations’ production environments for exploitable security weaknesses. It identifies attack paths, recommends fixes, and verifies whether remediation efforts have worked.
The company will use the capital to scale its sales, marketing, and channel operations, enter Singapore and Australia, deepen its presence in Europe, the Middle East, and Africa, and expand its product roadmap. Planned developments include autonomous defensive agents designed to remediate vulnerabilities identified during NodeZero penetration tests.
ADA acquires Algonomy to strengthen AI retail decisioning
ADA, a Singapore- and Malaysia-headquartered data and AI company, has completed its acquisition of Algonomy, a provider of AI-powered decisioning technology for retailers. Financial terms were not disclosed.
Algonomy provides tools that automate decisions across e-commerce, marketing, merchandising, and supply chains.
ADA said the acquisition will integrate Algonomy’s personalization, merchandising, and supply chain capabilities into its intelligent growth platform. The combined system is designed to process customer signals and use AI agents to determine prices, offers, products, and messages before delivering personalized responses across customer touchpoints.
The combined company will operate under the ADA brand and have a presence across markets in the Asia Pacific, the US, the Middle East and North Africa, and Europe. Algonomy’s clients will retain access to its existing products, teams, and services while gaining access to ADA’s broader data, marketing, and commerce capabilities.
Recent deals completed in China:
- Quantex, a photonic chip company, has raised an eight-figure RMB sum in an angel round led by Zhuhai Technology Industry Group, with participation from Zhengfang Group and K2VC. The company will use the funds to expand its team, conduct additional chip tapeouts, and acquire equipment for the development of silicon photonics, co-packaged optics, and optical input-output solutions. —36Kr
- LightMake, a developer of compact manufacturing tools, has raised more than RMB 25 million (USD 3.7 million) across two consecutive rounds. Its investors include the family office of Hymson’s founder, Nanshan Capital, Z&Y Capital, and Langhan Capital. LightMake will use the funds for product development, supply chain development, and global marketing of its multi-head 3D printing systems. —36Kr
- EVT Aerotechnics, an eVTOL (electric vertical takeoff and landing) aircraft manufacturer, has raised a nine-figure RMB sum in a Series A+ round. Shangcheng Capital and Puhua Capital were among the investors. The company will use the capital to advance the development and certification of its passenger eVTOL aircraft. —36Kr
- Qidian Taoyi, an AI startup, has raised an eight-figure RMB sum in a seed round co-led by Star Chain Capital and Tsinghua Innovation Ventures, with participation from MiraclePlus. The company is developing Nexus, an operating system designed to help people and AI agents share organizational context and improve through completed tasks and feedback. —36Kr
- Quantum Dynamics, a physical AI platform company, has raised more than RMB 100 million (USD 14.8 million) in a seed round from Yunqi Partners and SenseTime. The company will use the funds for R&D, team development, and global expansion. It plans to deploy smart systems in logistics operations to collect real-world data and improve its underlying models. —36Kr
- Wincosemi, an integrated device manufacturer of laser chips, has raised more than RMB 100 million in a new round led by Cowin Capital, with participation from Zhangjiang Yaokun, Hongshan Innovation Capital, and existing shareholders. The company will use the funds to strengthen reliability testing capabilities for its mass-produced high-power laser chips. —36Kr
- Yotlive, a flexible tactile sensing company, has completed a pre-Series A+ round led by Pagoda Innovation, with participation from Jiangsu Changshu Automotive Trim Group and Archosaur Games. The amount was not disclosed. Yotlive will invest the capital in textile sensor R&D, product upgrades, production capacity, and data collection tools. —36Kr
- Mineng Technology, a developer of neuromorphic chips for medical devices, has raised an eight-figure RMB sum in equity financing from Xianju Lanwan Fund and Wuxi Capital Group. The company will use the proceeds to mass produce standardized medical-grade modules, deploy closed-loop physiological monitoring and intervention systems, and expand adoption among medical equipment manufacturers. —36Kr
- Kando AI, an AI system developer, has raised an eight-figure RMB sum in a seed round led by Star Chain Capital, with participation from Leaguer Financial Holdings and an unnamed industry investor. Kando AI is developing a workspace that learns from users’ decisions and outcomes, initially targeting financial research and other high-value decision-making scenarios. —36Kr
Ropedia, PCG, Tikva Allocell, and others made recent headlines:
- Ropedia, a Singapore-based startup building data infrastructure for physical AI, raised USD 22 million in a pre-Series A round. The investors were not disclosed.
- PCG Global, a Singapore-headquartered clean energy platform, completed a pre-Series A round led by Temasek-owned GenZero. The amount raised and the identities of other investors were not disclosed.
- Tikva Allocell, a Singapore-headquartered biotechnology company, raised USD 8 million in a Series A round led by Kantharos Capital. The identities of other participating investors were not disclosed.
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Note: RMB figures are converted to USD at rates of RMB 6.77 = USD 1 based on estimates as of August 4, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.