Artificial Intelligence in Indonesia: The current state and its opportunities
Most of the breakthroughs in artificial intelligence (AI) development are happening elsewhere, but Indonesia is not lagging behind. With a young, tech-savvy population and favorable macroeconomic trends, Indonesian companies are beginning to adopt and advance on AI's vast opportunities. Local and international investors are also eyeing AI's potential for Southeast Asia's largest economy.
Peris.ai, a cybersecurity as a service startup, secured funding led by East Ventures
Peris.ai, Indonesian-based cybersecurity as a service startup, today announced the new funding led by East Ventures, the leading and pioneering sector-agnostic venture capital firm in Indonesia. Magic Fund also participated in this funding. Peris.ai will allocate the fresh fund mainly to further build and enhance its cybersecurity platform, train machine learning and AI capabilities, and nurture the ethical hacker community.
GREENS, an integrated food technology startup, secured pre-seed funding led by East Ventures
GREENS, an integrated food technology startup in transforming Indonesia’s food system, announced that it has secured an undisclosed amount of pre-seed funding led by East Ventures, with participation from other investors.