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Startups

Singapore investors plow into health care startups

Patented innovations plus government support make sector highly attractive

Kuldeep Singh Rajput is founder and CEO of Biofourmis, a startup that has developed an AI platform that can analyze data quickly to identify symptoms of heart attacks and other ailments.

SINGAPORE -- Singaporean investors are plowing into startups in the health care sector, drawn by the industry's innovations and strong government support.

Biofourmis, a startup originally from Singapore which recently shifted its headquarters to Boston, is one such example. The company plans to raise $100 million to $200 million in 2021, after bagging $35 million from U.S. investment fund Sequoia India, Openspace Ventures of Singapore and the Singapore government's venture capital arm EDBI.

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