Vietnam’s AI-based startup Uiza raises money from ESP Capital, Japan’s Framgia

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Vietnam-based Uiza, a provider of video and livestream cloud API platform, has raised an undisclosed sum of pre-seed funding from homegrown venture capital firm ESP Capital and Japanese IT Corporation Framgia Inc.

The funds raised will be used to recruit more engineers and improve core video technology, according to the company’s announcement. The company is targeting to close its Series A round in November or December.

Uiza claims to be the first startup in Southeast Asia to provide video and livestream cloud API platform. UIZA uses data science to optimize the viewing experience as well as livestream for the audience.

According to Kevin Ng, CEO of Uiza, internet video and livestream are one of the fastest-growing markets, especially in Asia, which is more than 30 per cent year over year. He believed that video and livestream will be a huge playground for technology and great potential for long-term growth.

“At present, there are many companies in Vietnam as well as Asia in the consumer and B2C sectors, but we are quite lacking of tech enablers. Uiza has a huge potential in the Internet Video market, with an estimated value of nearly $70 billion over the next five years. And they are quite a good fit with ESP Capital, we want to support and develop startups that have the potential to grow into unicorn, which is why ESP chose to invest in Uiza,” said Vy Le, General Partner of ESP Capital.

Uiza is concurrently working on the next round of fundraising to cover its growth plans in major markets such as Singapore and Japan.

ESP Capital earlier told DEALSTREETASIA that it targets to increase investments in pre-seed and seed rounds to $300,000 and hopes to help build the first unicorn in the country.  It has invested $1.4 million in nine startups to date since the launch of its $20-million debut fund last year.

Established in 2012, Framgia Inc specialises in designing and developing applications, games, social networking platform, among others.

“Video and Livestream are growing extremely fast in the Asian market,” said Taihei Kobayashi, CEO of Framgia Inc. “Framgia Inc is both an investor and one of the first customers to use Uiza. They have helped us save dozens of developers and months for developing a similar platform. With our strengths and experience in technology, Framgia believes we can support Uiza in expanding to the Asian market. ”

Also Read: 

Vietnamese homegrown VC ESP Capital to hike its early-stage funding ticket size

Vietnam: Fitness studio platform WeFit raises $155k funding led by ESP Capital 

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.