Hivebotics, a Singapore-based robotics startup founded in 2021 at the National University of Singapore, has successfully raised USD 6 million in a Series A funding round. The round was led by Vertex Ventures Southeast Asia & India, with additional participation from Fareast Land Development and Rigel, according to KrASIA.
The funding will support Hivebotics' growth and development in the robotics sector, leveraging its academic roots and strategic investors to expand its market presence. The involvement of notable investors like Fareast Land Development and Rigel highlights growing interest in robotics innovation within Southeast Asia.
For Japanese investors and markets, Hivebotics’ funding round underscores the increasing momentum in Southeast Asia’s robotics and tech startup ecosystem, which could present new opportunities for cross-border investments and collaborations in automation technologies.