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Fortune
Fortune
David Austin

DeepSeek makes it easier for Southeast Asia’s firms to get into AI, but venture investors are still adopting a wait-and-see attitude

(Credit: Graham Uden for Fortune)

Venture capital fundraising in Southeast Asia has dropped sharply over the past several years, leading some investors to wonder when the “winter” will be over. Venture funding into Southeast Asian tech companies plunged by 79% between 2022 and 2024, according to CNBC citing Tracxn data. 

Helen Wong, managing partner at AC Ventures, said that green shoots can be seen and that “the best companies are still able to raise funding” while on a panel at the Fortune Brainstorm AI Singapore conference on Tuesday. 

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