Daily Briefing: Doyobi announces $1.37m in funding from 500 Startups; Hubble snags funds led by OSK Ventures

And Drone sector takes off with more potential for range of uses.

From e27:

Singapore-based edutech startup Doyobi has raised $1.37m (US$1m) in funding from 500 Startups and Xoogler Angels.

Launched early this year, Doyobi is an online school for kids which offers coding courses that are supported by Google, the Singapore government, as well as educators from around the world. It uses videos, quizzes and projects to make teaching and learning fun and easy.

Some of the company's partners include Tutor ID (Brazil), Coding & More (India), Galileo (US), Tenopy (Singapore).

Investment in edutech companies have also gained a lot of interest and according to Holon IQ has grown from $684.91m (US$500m) in 2010 to $9.59b (US$7b) in 2019.

Read more here.

From DealStreetAsia:

Singapore-based construction management and data analytics startup Hubble has secured an undisclosed investment from Malaysia’s PE firm OSK Ventures International Berhad, the company announced on Wednesday.

Founded in 2016, Hubble’s integrated software automates traditional construction processes on-site. Hubble’s platform helps tracking, optimising, and automating the management of the projects’ workforce, cash flows, materials, and equipment.

Hubble snagged a $4.93m (US$3.6m) funding round led by Tin Men Capital in June this year. After launching in Malaysia, the startup plans to enter Thailand, Vietnam, and Indonesia markets.

Read more here.

From ChannelNewsAsia:

The drone industry in Singapore is taking off, with more companies turning to unmanned aerial vehicles for purposes like infrastructure inspection and deliveries.

The Singapore Unmanned Aircraft System (SG UAS) Community, which represents the interests of the nascent industry, has seen an increase in the number of member organisations from 22 last year to 39 currently.

This is expected to grow further, said Sia Kheng Yok, chief executive of the Association of Aerospace Industries (Singapore), which the SG UAS Community is part of.

Members include Singapore-based UAS service providers, manufacturers, suppliers, institutes of higher learning, and end-users.

The community plays a role in supporting market development and access, as well as the development of standards and policy advocacy. Its facilities include an indoor testbed site at JTC’s Seletar Aerospace Park for the purpose of demonstrating and testing drones.

Read more here.

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