Start@SG

Temasek invests in Israeli firm

Red Dot Capital Partners, which is funded by Temasek's enterprise development unit, has invested in Israeli cyber security start-up Claroty. 

Its investment was part of a funding round which saw Claroty raise US$32 million (S$43.7 million) in venture capital after operating in secret for the past two years.

The company was co-founded in 2014 by Israeli cyber security foundry Team8, which was set up by Mr Nadav Zafrir, a former head of the Israeli military's intelligence unit 8200.

It focuses on network security for industrial systems such as power grids, steel mills and oil refineries.

"We invest in technology companies with market-tested technologies, a robust customer base and which are poised for fast growth. We believe Claroty is a strong candidate to successfully penetrate Asia Pacific markets," said Red Dot Capital Partners managing partner Zvika Nagan.


Razer sets ups investment fund

United States-based gaming hardware firm Razer, co-founded by Singaporean Tan Min-Liang, has launched an investment fund called zVentures.

The fund - reported to be worth US$30 million - will target companies working on robotics, Internet of things, software and analytics, advanced manufacturing and engineering, gaming software technology, virtual and augmented reality, eSports, and robotics.

Target companies can tap on Razer's networks and resources, and will receive mentorship in areas such as supply chain management, sales and marketing and raising capital, according to the fund's website.

The fund has offices in Singapore and San Francisco.


Start-up sets up public bus chatbot

Local chatbot development company Gotobot.ai has released a chatbot for public transport users.

The bot, which is integrated with Facebook's Messenger platform, allows commuters to find out about bus services at nearby stops, the number of seats and standing spaces available on incoming buses and their arrival timings.

The bot also alerts commuters when their bus is one to five minutes away.

To use the chatbot, go to http://m.me/281560168889595 or search for "Singapore Bus Timing Bot" in the Facebook Messenger search bar.


Correction note: An earlier version of the story stated that Red Dot Capital Partners belonged to Temasek's enterprise development unit instead of being funded by them. We are sorry for the error.

A version of this article appeared in the print edition of The Straits Times on September 15, 2016, with the headline 'Start@SG'. Print Edition | Subscribe