Singapore’s startup ecosystem is a hotbed for technological innovation and infrastructure development. Here are five startups making waves with their groundbreaking solutions and impressive growth.
SoBanHang
SoBanHang, founded in 2021, optimizes sales processes for businesses through expanded multi-channel marketing and detailed profit/loss dashboards. In March 2022, it raised $4 million in a Seed Round to enhance its product based on customer feedback.
Locofy
Locofy, established in 2021, revolutionizes front-end development by converting product designs into code with a single click using AI. It integrates with tools like Figma and Adobe XD. Locofy raised $7.3 million in two funding rounds, with the latest in May 2023 for $4.25 million.
Amperesand
Founded in 2023, Amperesand is developing next-generation electrical grid infrastructure. Its digital management systems use semiconductors for efficient power control. In February 2024, it raised $12.5 million from TDK Ventures to overcome developmental challenges.
SquareX
SquareX, founded in 2023, offers a browser extension that protects against malicious internet content. Unlike other products, SquareX allows safe opening and analysis of files. It raised $6 million in a Seed Round in May 2023, led by Sequoia Capital SEA.
Rainforest Life
Rainforest Life, established in 2020, focuses on aggregating and building brands in the mom-and-baby market. It helps brands grow rapidly into household names. In October 2023, Rainforest Life raised $21.5 million to support its acquisition and growth strategies.
These startups highlight Singapore’s prowess in tech innovation and infrastructure development. With strong funding and ambitious plans, they are set to drive significant advancements in 2024, reinforcing Singapore’s status as a leading startup hub.
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