News & Events

SixSense, a female-led Singapore-based deep tech startup specialising in AI solutions for semiconductor manufacturing, has raised $8.5 million in Series A funding, bringing its total funding to $12 million. The round was led by Peak XV’s Surge, with participation from Alpha Intelligence Capital, FEBE, and other investors.

Co-founded by CEO Akanksha Jagwani and CTO Avni Agarwal, the company’s AI platform helps semiconductor manufacturers detect rare and minor defects during production. With the new funding, SixSense plans to expand into key markets, including Taiwan and Malaysia, while developing partnerships with AI-focused inspection equipment providers.

The investment will also support research and development of line-level intelligence capabilities, enabling AI-driven communication between multiple machines on production lines for real-time, factory-wide optimisation.

SixSense’s hardware-agnostic platform processes factory data to prevent quality issues and increase throughput. The solution has already been adopted by major players like GlobalFoundries and JCET, with customers reporting up to 30% faster production cycles and 1-2% yield improvements.

The women-led startup, established in 2018, is well-positioned to benefit from the global semiconductor manufacturing shift, as new fabs emerge across Asia and the United States. The company’s technology is compatible with inspection tools covering over 60% of the global market, making it accessible for both existing and new facilities.

Read the original article here: https://asiatechdaily.com/singapores-sixsense-raises-8-5m-to-bring-ai-intelligence-to-chip-manufacturing/

The Maldives government has unveiled regulations for its new Tourism Trust Fund, designed to promote sustainable tourism development. The fund will draw capital from four main sources: sponsorships, corporate social responsibility contributions, investment income, and training fees.

A seven-member Fund Management Committee, appointed by the Minister of Tourism, will oversee operations. The committee includes representatives from key government offices, including the President’s Office and the Ministry of Finance.

For its first five years, the fund will focus on tourism development projects, facility investments, capacity building programs, and public social benefit activities. Annual reports will be submitted to the President, Parliament, Ministry of Finance, and Auditor General to ensure transparency.

The initiative represents a strategic move to secure long-term sustainability in the Maldives’ tourism sector while maintaining world-class standards and supporting local community development.

Read the original article here: https://www.travelandtourworld.com/news/article/maldives-establishes-tourism-trust-fund-to-enhance-sector-development-and-sustainability/#google_vignette