Asia Digest: Bangladesh’s Maya raises $2.2m seed round; SoftBank invests in Adapdix

Artificial intelligence. Photo: unsplash

AI-driven Bangladeshi startup Maya has raised $2.2 million in seed funding, while SoftBank’s Opportunity Fund has invested in Adapdix Corporation, the digital transformation provider in Edge AI automation and intelligent control software.

Maya raises $2.2m seed funding

Maya, a Bangladesh startup using AI and natural language processing (NLP) to provide end-to-end digital healthcare services to the masses, has raised a $2.2 million seed round of financing, according to an announcement.

This financing marks the largest healthtech funding in Bangladesh to date, said the statement.

Investors who led this funding round included Anchorless Bangladesh, a New York-based venture capital fund solely focused on early-stage funding in the country, and The Osiris Group, a Hong Kong-based private equity firm focused on frontier markets.

Maya said that it will use the proceeds to enhance its service offerings and expand business coverage regionally.

Maya is a mobile-based digital health service provider, leveraging AI and natural language programming (NLP) to intelligently understand user questions and connect them directly to vetted clinical experts.

The company connects users — especially marginalised women — who often have no access to healthcare or vetted information to trusted healthcare and wellbeing experts. Leveraging its proprietary NLP technology and machine learning algorithm, Maya’s tailored Q&A engine ensures users receive the best quality care when they need it most. 

With this round of financing, Maya will enhance its service offerings and expand business coverage regionally. Maya recently launched in Sri Lanka and plans to expand into India, Pakistan, Middle Eastern markets, and Indonesia. Maya has developed a multilingual AI bot, which will be available in English, Bangla, Urdu, Hindi, and Arabic this year.

SoftBank Opportunity Fund invests in Adapdix

SoftBank‘s Opportunity Fund has invested an undisclosed amount in Adapdix Corporation, a digital transformation provider working in Edge AI automation and intelligent control software, according to an announcement.

The funding pushes the total amount secured by Adapdix so far to $10 million. The new funds will be used to build next-generation AI platforms enabling real-time predictive analytics.

Adapdix’ EdgeOps is a software-only solution that combines advanced AI and machine learning analytics with a distributed, edge-based architecture. By enabling control where the AI data is, at the edge, Adapdix helps to increase model accuracy, reduce network cost and congestion, and cut latency.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.