Earth Venture Capital announced its participation in a $139-million investment round in Sygaldry Technologies, while Vietnam’s tech unicorn VNG has committed 10 billion dong ($400,000) to the newly launched Ho Chi Minh City Venture Capital Fund.
Earth Venture Capital invests in Sygaldry Technologies
Global climate deeptech venture capital firm Earth Venture Capital has announced its participation in a $139-million investment round in Sygaldry Technologies, which builds quantum-accelerated AI servers to speed up training and inference.
Earth Venture Capital invested in both the company’s $34-million seed round and $105-million Series A.
The company is building quantum-accelerated AI servers designed to significantly reduce the energy and cost required to train and operate large AI models—a critical challenge for Asia’s rapidly expanding AI infrastructure.
The Series A was led by Breakthrough Energy Ventures, following the earlier seed round led by Initialized Capital.
Led by quantum veteran Chad Rigetti and AI scientist Michael Keiser, Sygaldry is developing servers that combine multiple qubit types within a single fault-tolerant architecture. Unlike traditional quantum companies racing to scale a single-qubit approach, Sygaldry’s multi-qubit system is purpose-built for AI workloads and designed to operate within existing data centre infrastructure.
Earth VC said its continued backing reflects early conviction in Sygaldry’s approach and aligns with its strategy of bridging global deeptech innovation with Asian market needs, particularly in energy-efficient AI.
VNG invests in Ho Chi Minh City Venture Capital Fund
Vietnam’s tech unicorn VNG has committed 10 billion dong ($400,000) to the newly launched Ho Chi Minh City Venture Capital Fund, marking its participation as one of the founding corporate investors in the vehicle.
The fund, introduced by the Ho Chi Minh City Department of Science and Technology, is the country’s first public-private venture capital model, with a charter capital of 500 billion dong ($20 million). It aims to address early-stage funding gaps and support the city’s innovation ecosystem.
DealStreetAsia recently reported on the development.
VNG said the investment aligns with its long-term strategy to back the local tech ecosystem. In late 2025, the company co-founded the Saigon AI Hub with Vietnam National University Ho Chi Minh City, providing infrastructure and lab standards to support independent AI research and development.
“VNG started as a startup, so we understand the importance of early-stage capital,” said Truong Cam Thanh, deputy CEO of VNG, noting that many startups struggle to access timely resources despite strong ideas.
Founded in 2004, VNG operates a broad digital ecosystem spanning online gaming, messaging platform Zalo, digital payments, and enterprise solutions.
