1. Sea (Garena), 2. Grab Holdings, 3. Kulicke and Soffa Industries, 4. Karooooo, 5. Guardforce AI, 6. Triterras. In this post, let's examine some of the largest tech companies in Singapore, ranked by market capitalization. Go directly to other related articles on Toplist if you want to see more of the largest tech companies in other regions.
Singapore-based technology conglomerate Sea Limited (stylized as sea). When Forrest Li first started Sea in 2009, it was under the name Garena, and its flagship game was Free Fire. After receiving US$550 million in investment in May 2017, the company rebranded as Sea today while keeping the Garena name for its digital entertainment division. As of the year 2022, Sea will have about 67,000 employees.
Sea is a holding corporation that operates the companies Garena, SeaMoney, and Shopee. Forrest Li purchased, privatized, and renamed Home United before selling it to Sea in 2020. Sea has owned the team since then. According to reports from 9 September 2021, Sea was planning to raise as much as US$7.2 billion in an equity and convertible bond sale, making it the largest fund raising in Southeast Asia at that point. To make strategic investments and possibly make certain acquisitions, Sea stated it would spend the money. To the tune of $3 billion, Chinese gaming giant Tencent unloaded its stake in Sea in January 2022.
Headquarters: 1 Fusionopolis Place, #17-10, Galaxis, Singapore 138522
Screenshot via https://www.sea.com/home
The Grab Holdings Inc. headquarters are in Singapore, and the company also has an office in Indonesia. It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, the Philippines, Thailand, and Vietnam as the creator of a mobile app that combines transportation, food delivery, and digital payment services.
In 2012, Anthony Tan and Tan Hooi Ling established MyTeksi with the mission of improving taxi safety in Malaysia. In 2016, as its network of Southeast Asian partners grew and new items were made available to couriers, the company renamed itself as Grab. Grab is the largest technological startup in Southeast Asia and the first decacorn in the area. In 2021, after the greatest SPAC merger to that point, it went public on NASDAQ. Grab was recognized as one of Asia’s most creative businesses by Fast Company in 2023.
Founded: June 2012
Screenshot via https://www.grab.com/
Kulicke and Soffa Industries
Kulicke & Soffa Industries, Inc. founded in 1951, is an industry leader in creating innovative semiconductor and electronics assembly solutions for a more sustainable and intelligent tomorrow. Large markets like advanced display, automotive, communications, computing, consumers, data storage, energy storage, and industrial all benefit from our expanding product line and the technology changes they enable.
When it comes to semiconductor assembly tools, no other company compares to Kulicke & Soffa Industries, Inc. (K&S). Wire bonding tools, packaging supplies, and test connection goods are just some of the assembly solutions provided by the company to its global clientele. The company claims that its wire bonders are used to join the bond pads on a semiconductor die to the leads on an integrated circuit package using extremely tiny wires consisting of gold, aluminum, or copper. K&S’s global network of 33 locations provides a full spectrum of sales, service, and applications development. Even though the company’s main office is in relatively unremarkable Willow Grove, Pennsylvania, it also has outposts in far-flung places like Israel, Taiwan, China, and Switzerland. In reality, exports account for almost 80% of the company’s total sales volume.
Headquarters: 2101 Blair Mill RoadWillow Grove, Pennsylvania 19090U.S.A.
Screenshot via https://www.kns.com/
The Singapore-based company Karooooo Ltd. is a frontrunner in the field of providing a ground operations cloud that increases the value of data. Insightful real-time data analytics and business intelligence reports are available on the Cartrack (wholly owned by Karooooo) SaaS platform.
Cartrack’s services go far beyond just monitoring vehicles and equipment, helping businesses of all sizes with things like system integrations, fleet management, field employee oversight, video-based safety, risk mitigation, delivery logistics, and environmental, social, and governance (ESG) compliance and reporting.
Screenshot via https://www.karooooo.com/index.php
The worldwide integrated security solutions provider Guardforce AI Co., Ltd. (NASDAQ:GFAI, GFAIW) is concentrating on expanding its robotic solutions and information security services to go along with its already successful protected logistics operations.
Guardforce AI is a well-respected name in the industry of transporting and securing high-value items for businesses and government agencies alike, having done so for over 40 years. To that end, Guardforce AI creates and offers cutting-edge security solutions.
Screenshot via https://ir.guardforceai.com/
Triterras is a global fintech firm with offices in Singapore and Dubai, and it is a frontrunner in the development of inclusive financial solutions for MSMEs around the world. To facilitate the direct online connection of micro, small, and medium-sized enterprises (MSMEs) with lenders and the sourcing of capital across commodity trading, supply chain, logistics, and ecommerce finance, the firm developed and operated KratosTM, one of the world’s largest digital financing platforms.
Triterras FinTech Pte. Ltd., a wholly-owned subsidiary of Triterras Inc., is a Singaporean FinTech Company approved by the Singapore FinTech Association to provide trade and supply chain financing. Triterras, Inc. is a pioneer in the field of trade and trade finance, and a top fintech firm overall. KratosTM, which it developed and manages, is a leading online platform for commodity trading and trade finance that facilitates communication between buyers and sellers and the direct sourcing of funds from lenders.
Headquarters: Triterras, Inc.23-04 Republic Plaza9 Raffles Place048619 Singapore
Screenshot via https://triterras.com/