Singapore: DataRobot to invest $11m in regional HQ; DeClout and Gobi forge partnership

Supertrees at Gardens by the Bay in Singapore.

US startup DataRobot is establishing its regional headquarters in Singapore, while DeClout will partner Gobi to accelerate the growth of their portfolio firms.

DataRobot to invest $11m in Singapore ops

Boston-based AI startup DataRobot, which is the first overseas firm to be accredited by the Singapore’s digital and media regulator IMDA, plans to invest $11 million to establish its regional headquarters as well as a research and development centre in Singapore.

IMDA recently announced plans to extend its Accreditation@SGD scheme – a due diligence process – to firms outside the city-state. The accreditation improves a firms’ ability to work with the Singapore government in terms of gaining more rapid access to government contracts, while also validating the company’s operations and brand.

The company’s product is an automated machine learning platform that can create predictive models according to customers’ needs. DataRobot maintains a workforce of around 300 people globally, with about half of them being software engineers and data scientists.

It plans to hire up to 50 new staff by 2019 with an investment of $5.5 million and could invest up to $37 million more, depending on the performance of this human capital investment. Key industries it serves include banking and fintech, insurance, healthcare, and more. It has raised a total of US$124 million so far.

DeClout partners with Gobi Partners to grow portfolio firms

DeClout Limited, through its wholly-owned subsidiary DeClout Investments, and Gobi Partners are collaborating to accelerate the growth of their portfolio firms.  

DeClout Investments is incorporated as a two-tier platform comprising incubation and fundraising facilitation for startups and growth enterprises, with a focus on digital services, logistics, big data, fintech and cybersecurity. It was awarded a S$10-million venture capital fund by the National Research Foundation to co-invest in local promising startups and is also a partner of SPRING Singapore’s Startup SG Accelerator programme.

“We look forward to this strategic partnership with Gobi Singapore which will allow us to leverage on our respective strengths and for startups under our respective portfolios to achieve their optimal potential through our incubation and fund – raising facilitation capabilities,” said Kelvin Tay, Executive Director, DeClout Investments.

Gobi Partners is a pan-Asian VC firm with roots in China that invests in emerging enterprises across Greater China and Southeast Asia.

According to Kay-Mok Ku, Partner (ASEAN), Gobi Partners, this partnership will see it collaborate with DeClout to access their domain expertise and network to grow their portfolio firms.

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.