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A drought in global venture capital activity has not deterred startups across Asia from breaking new ground. This year’s Forbes Asia 100 to Watch list spotlights small companies and startups across the region that are targeting underserved markets or applying new technologies.
AI chip startup Biren Technology plans to go public in Hong Kong, while Cherami Investment Group has led AI drug discovery firm MindRank’s Series A+ round.
Chinese chipmaker SJ Semiconductor has raised nearly $340 million in a Series C extension round, according to a release, reports Nikkei Asia. The company signed the first batch of investment agreements to this effect on March 29. The latest extension round values the firm at $1.8 billion. The round, joined by Legend Capital, takes the…