APAC Digest: Korea’s Security Platform & HK-based Brinc raises funding

Map of the Asia Pacific. Credit: Business & Human Rights Resource Centre

Security Platform has raised a venture funding round from SoftBank Venture Korea and Premiere Partners while Hong Kong hardware accelerator Brinc has secured an investment from Artesian Venture Partners.

Security Platform raises $2.78m round led by SoftBank Ventures Korea

Korean IOT startup Security Platform has raised a $2.78 million funding round from SoftBank Ventures Korea and Premiere Partners.

SoftBank Ventures Korea is the subsidiary venture arm of the Japanese conglomerate SoftBank Group while Premiere Partners is a local fund management company with a division that focuses on venture capital (VC) investments.

Su-ik Hwang, CEO, Security Platform, says the company has unicorn ambitions. He says, “We have prepared for a period of time in order to dominate the IoT security markets and technologies in advance. I am confident that we are definitely ahead of the ultra-light IoT security market in the ARM Cortex M0 class while others are still in R&D stage.”

Eugene Chang, a Senior Associate of SoftBank Ventures Korea, commented: “Through SoftBank’s ecosystem, Security Platform Inc. is highly likely to grow into a global company because it has a well-developed set of technologies and leads to a wide range of real-life applications.”

Brinc raises funding from Artesian Venture Partners

Hong Kong-based hardware accelerator startup accelerator Brinc has secured funding from Artesian Venture Partners to fund two programmes, provide startups with seed financing and potentially participate in follow-on investment.

The new initiative, Brinc Capital, will invest in IOT and drone programmes. Brinc has invested in 31 companies to date with portfolio firms such as Soundbrenner, Scorpiox and EyeRov. The accelerator takes pro-rata rights to participate in follow-on rounds for portfolio companies.

This latest investment will see Brinc double its investment rate and invest in 28 enterprises in 2018. The accelerator will invest $100,000 in IoT for 8-13 per cent equity and $70,000 in drones-as-a-service startups under similar equity terms.

Artesian Venture Partners is spun out of ANZ Bank (Australia/New Zealand). It targets accelerators as part of a strategy to access deal flow. The accelerator has also secured partnerships to expand to the Middle East, Poland and Israel as part of a long-term approach.

Also Read:

APAC Digest: KLK acquires Dutch plant for $46m; Winery Lane secures $800K funding

APAC Digest: HomeSaeng raises $1.85m; Athlede and SPT secure funding

Singapore: British Standards Institution acquires Neville Clarke in APAC push

APAC Digest: Fujitsu backs $45m Series B in 1QBit; Waddle raises $37.8m in debt financing

 

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.