Hiverlab founder seeks new funds to accelerate expansion

Ender Jiang, founder and CEO of Hiverlab. (PHOTO: Hiverlab)

Ender Jiang, founder and CEO of Hiverlab. (PHOTO: Hiverlab)

By Glendon Gwee

SINGAPORE — Imagine being able to work on an airplane engine or to visualise the placement of furniture in your new home. This is what Hiverlab is working on. The company specialises in immersive technologies such as Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR).

Hiverlab, the Singapore based start-up founded in 2014 by Ender Jiang Shutao, is seeking to raise Series A funding to fund growth and expansion in research and development as well as product development after raising S$1 million in a seed round in 2019. 

The funds will be used to help the company accelerate growth and expand into new markets in Southeast Asia namely Thailand, Malaysia, Indonesia and even Japan and the UAE where Hiverlab already has business partners, Jiang told Yahoo Finance Singapore in a recent interview. 

Jiang, a Chinese national,

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Germany Seeks to Fine Operators of Telegram Messenger App | Business News

BERLIN (AP) — German authorities have launched proceedings against Telegram that could see the messenger app’s operators fined for failing to abide by laws requiring social media sites to police their users’ actions.

German magazine Der Spiegel reported over the weekend that officials believe use of the Telegram app has reached a threshold where it can be treated in the same way as Facebook, Twitter and TikTok when it comes to requiring cooperation with German authorities.

A Justice Ministry spokeswoman confirmed Monday that authorities have written to Telegram’s operators in the United Arab Emirates over its failure to provide a channel for raising complaints and a contact person in Germany.

“The company now has the opportunity to respond,” the spokeswoman, Rabea Boennighausen, told reporters in Berlin.

Der Spiegel reported that the company could face fines of up to 5.5 million euros ($6.7 million) if it doesn’t comply with the requirements.

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