Oneberry Technologies Raises US$22 Million in Series A Funding from Bintang Capital Partners and CMIA Capital Partners
Oneberry Technologies, a technology company incorporated in 2003 that specializes in providing security and surveillance solutions, has successfully received US$22 million in funds from Bintang Capital Partners Berhad (Bintang) and CMIA Capital Partners (CMIA).
Bintang is the private equity arm of Affin Hwang Asset Management Berhad, one of the foremost Malaysian asset management houses with over US$12 billion of Assets Under Administration. They typically invest in companies with Enterprise Values ranging from US$20 million to US$200 million, and they adhere to the principles of Socially Responsible Investing (SRI). They are deeply involved with the companies that they have invested in, not merely just injecting capital. They form active partnerships with brilliant management teams and outstanding entrepreneurs to spearhead the value creation process.
CMIA Capital Partners (CMIA) is a private equity firm that was established in 2003 and is headquartered in Singapore, with a presence in both Shanghai and Hong Kong. They primarily invest in growth capital opportunities in China and opportunistically in Southeast Asia. Their main areas of investment focus are in the agriculture and food sectors although they have investments spread across a range of industry sectors.
Both private equity firms see a lot of potential in Oneberry to be a dominant leading force as a service provider for security and surveillance solutions in the region. Already they are Singapore’s leader in remote surveillance solutions and have deployed over 1,500 virtual guards in the city. Additionally, they have a proven track record with various government agencies and industrial clients, having provided unique technological solutions to address both their problems and needs.
Arun Murthy, Oneberry’s Deputy CEO, said: “The latest capital injection into Oneberry will enable us to step up our research and development initiatives, accelerate our compelling growth strategies, and allow us to explore emerging industries of growth, including cybersecurity.”
On the partnership between Oneberry, Bintang and CMIA, Ken Pereira, founder and CEO of Oneberry, had this to say: “CMIA and Bintang are ideal partners to help bring Oneberry to the next level, to help us execute our vision more rapidly into new sectors such as commercial, residential, industrial, retail, and also overseas where the opportunities are tremendous.”
Oneberry’s vision is to automate physical security and to design and implement customised technology solutions for its clients and partners to help enhance and automate surveillance and inspections. With the injection of capital from Bitang and CIMA, Oneberry will deploy these funds into its cybersecurity and robotics research and development program to innovate new solutions that will help address shortages in security manpower. One of their goals is to also integrate connected Internet of Things (IoT) devices with traditional offline surveillance to provide enhanced security and surveillance all across the board. The new funding will also help Oneberry to rapidly expand into new sectors such as residential, commercial, industrial, and retail, besides establishing a presence overseas where many golden opportunities abound.
In closing, Johan Rozali-Wathooth, founder and managing partner of Bintang, said: “Bintang hopes to deploy our resources and network in support of Oneberry’s expansion plans, and we are confident of a successful and productive partnership with the company.”
