Singapore-based robotics startup Botsync has raised an undisclosed sum in a seed funding round while Myanmar-based early-stage investor EME and Japanese investor Seiji Kurokoshi, together with e-commerce startup Ezay, have announced the formation of a new company AdsZay.
Singapore’s Botsync raises seed round
Singapore-based robotics startup Botsync has raised an undisclosed sum in a seed funding round led by SGX-listed diversified group Wong Fong Industries Ltd, Enterprise Singapore’s investment arm SEEDS Capital, Hong Kong-based Angelhub and APAC-focused alternative investment firm Artesian Venture Partners.
Founded in 2017, Botsync enables companies to simplify the automation of their material movement processes with an intelligent fleet of autonomous mobile robots that can transport payloads between 500 and 1000 kg.
The company claims that after deploying Botsync robots, users are estimated to enjoy an overall cost reduction of their material handling operations by up to 45 percent.
Botsync was incubated at the EcoLabs Centre of Innovation for Energy (EcoLabs), Nanyang Technological University, Singapore (NTU Singapore).
Botsync’s early investors include Brinc and Nanyang Technological University’s Ecolabs Center of Innovation.
Myanmar’s EME sets up AdsZay along with two investors
Myanmar-based early-stage investment firm Emerging Markets Entrepreneurs (EME) and Japanese investor Seiji Kurokoshi, together with e-commerce startup Ezay, have announced the formation of a new company, AdsZay with a combined six-figure investment.
AdsZay will leverage the rural shopkeeper network created by Ezay to allow FMCG companies, telco firms and other key players seeking to expand their reach to rural areas.
“Convenience stores in Japan are hubs of information in their communities. We see the same thing in rural areas of Myanmar. AdsZay will upgrade these stores and provide them with new and exciting ways to serve customers while also helping leading brands offer products to new geographies,” said Seiji Kurokoshi.
In March, Yangon-based rural e-commerce startup raised $200,000 in a funding round led by Seiji Kurokoshi. EME, which led a six-digit seed round in Ezay last November, also joined in the current round of investment.
