This new round of funding comes ahead of Gorilla Technology's announced participation at the upcoming Consumer Electronics Show (CES) conference in Las Vegas
Currently, MDI Ventures has 27 investments in over 10 countries. While in numbers, Indonesia has the highest start-ups from their portfolio, they also have presence in US, Singapore, Japan, India and Philippines
In just over a year, G7 has received an estimated US$500 million in investment, through multiple rounds, making it one of the most valuable IoT companies in the world
The global investment company recently acquired Sygnia, an Israeli cyber technology company providing high-end consulting and incident response support for organizations worldwide
Grab has raised more than $6 billion in funding this year, with the latest rounds of funding from Chinese ride-hailing firm Didi Chuxing and Toyota Motor Corp
In addition to funding, a joint venture between SBI and AntWorks was also announced to tap the opportunities in the emerging AI space in South-East Asia.