Deals in brief: Three Singapore startups raise AI funding; SC Ventures leads Keyrock’s Series C round; six China investments; and more

Muun AI raises USD 700,000 from Wavemaker Impact

Muun AI, a Singapore-based startup, has raised USD 700,000 in a pre-seed funding round from Wavemaker Impact.

The startup develops industrial intelligence systems that convert machine telemetry into real-time operational insights. The platform identifies inefficiencies and provides predictive analytics without requiring additional hardware or training data.

In a pilot at a Singapore manufacturing facility, Muun said its system identified thousands of hours of recoverable inefficiencies, positioning the breakthrough as evidence of its potential to optimize performance across manufacturing, logistics, and energy systems.

Muun said it will use the capital to expand its artificial intelligence team and scale deployments across industrial sectors.

OnSite raises SGD 1.7 million for construction AI platform

OnSite, also based in Singapore, has raised SGD 1.7 million (USD 1.3 million) in a seed round co-led by Tin Men Capital and Alter Global, with participation from Hustle Fund and Gondor Capital. It said it will use the funding to expand its engineering team and accelerate product development.

The company is building an AI-powered communication platform for the construction sector. It aims to replace fragmented messaging and documentation workflows with a structured, searchable system. The platform reportedly supports multiple languages and automatically organizes project data, with the goal of reducing delays, disputes, and inefficiencies across construction projects in Southeast Asia.

Injewelme raises USD 1.2 million to advance health monitoring

Injewelme, an AI-driven health tech solutions provider, has raised USD 1.2 million in a round led by Catalytic Capital for Climate and Health, a catalytic vehicle of Temasek Trust. The Richardson family office also participated.

The company develops contactless health monitoring solutions using remote photoplethysmography, a technique that measures physiological signals through video. Its system enables the measurement of more than 20 vital signs, including heart rate, blood pressure, and oxygen saturation, using a standard camera.

It said the funding will support additional capabilities such as blood glucose and stress monitoring, alongside commercial deployment across healthcare, insurance, and workforce safety use cases.

NeuBird AI raises USD 19.3 million to scale production ops platform

NeuBird AI has raised USD 19.3 million in an oversubscribed round led by Xora Innovation, with participation from Mayfield, StepStone Group, Prosperity7 Ventures, and M12.

The startup builds agentic systems for enterprise production operations, targeting developer ops and IT teams managing incidents across complex cloud environments. The platform automates root cause analysis and remediation, reducing the need for manual intervention.

NeuBird said it will use the funding to accelerate product development and expand its global go-to-market efforts.

Ekuinas acquires minority stake in Ain Medicare

Ekuiti Nasional, also known as Ekuinas, has acquired a minority stake in Ain Medicare through its MYR 1 billion Tranche IV fund, according to New Straits Times. Financial terms were not disclosed. As a state-backed investor and venture builder, it said the investment aligns with its mandate to support Bumiputera-owned companies in strategic sectors, including healthcare and pharmaceuticals.

Founded in 1993, Ain Medicare manufactures sterile parenteral pharmaceutical products, including intravenous solutions and injectables. It operates seven manufacturing facilities in Malaysia and exports to 17 markets.

The company said the investment will support expansion into specialized generics, advanced injectables, and international markets.

Keyrock secures Series C funding at USD 1.1 billion valuation

Keyrock has secured an undisclosed amount of Series C funding, valuing it at USD 1.1 billion. The round was led by SC Ventures, the venturebuilding and investment arm of Standard Chartered, with continued backing from Ripple.

It provides financial infrastructure for digital asset markets, including market making, asset management, over-the-counter trading, and options.

The round is being completed on a rolling basis, with the company open to additional investors. It said the raise will support efforts to deepen its role as a bridge between traditional finance and tokenized markets, where demand for liquidity and institutional-grade infrastructure is said to be increasing.

Proceeds will be used to strengthen its balance sheet, expand services, and pursue acquisitions.

Libeara raises funding led by GSR to expand tokenization infrastructure

Libeara has raised funding in a round led by GSR, with participation from AlloyX and Monk’s Hill Ventures. Financial terms were not disclosed.

It operates at the intersection of traditional finance and blockchain, enabling the issuance and distribution of tokenized assets across institutional channels. The company said its platform has supported the tokenization of more than USD 1 billion in assets, including a tokenized US Treasury fund and a retail money market fund in Asia.

Libeara said it will use the capital to expand its compliant on-chain tokenization infrastructure for financial institutions and asset managers, and to broaden coverage across additional asset classes, markets, and investor segments.

Transak receives investment from Gobi Partners to expand in Asia

Transak has received investment from Gobi Partners to expand its digital asset payments infrastructure across Asia. Financial terms were not disclosed.

Founded in 2019, it provides infrastructure that enables conversion between fiat currencies and digital assets through a single API. It manages compliance and licensing across multiple countries and reportedly serves more than ten million users through over 600 integrated applications.

The company said the funding will support deeper integrations with regional payment networks and financial institutions.

Recent deals completed in China: Kitar, Nightify, Rosella, and others made recent headlines:

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Note: RMB, SGD figures are converted to USD at rates of RMB 6.84 = USD 1 and SGD 1.27 = USD 1 based on estimates as of April 14, 2026, unless otherwise stated. USD conversions are presented for ease of reference and may not fully match prevailing exchange rates.

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