Security, surveillance startup Oneberry raises US$22M Series A from CMIA Capital Partners, Bintang Capital Partners
Oneberry Technologies Pte. Ltd. (“Oneberry”), an end-to-end security and surveillance solution provider, announced that it has received funding of S$30 million (US$22 million) from Singapore-headquartered private equity firm CMIA Capital Partners (“CMIA”) and Malaysia-based Bintang Capital Partners Berhad (“Bintang”).
With the fresh funding, Oneberry plans to expand its offerings while taking its products and services to a larger regional scale.
“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,” said Arun Murthy, Deputy CEO of Oneberry.
Oneberry Technologies was founded in 2003. It offers to help address shortages in security manpower through technology solutions that “increase security, surveillance, and productivity”.
It claims to have clients from government agencies as well as public and private sectors, servicing the likes of the historic Trump-Kim Summit and 33rd ASEAN Summit held in Singapore in 2018.
Ken Pereira, Founder and CEO of Oneberry, said: “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.”
Johan Rozali-Wathooth, Founder and Managing Partner of Bintang, commented: “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.”
Oneberry said that it will also look to increase funding in its cybersecurity and robotics research and development programme, with the company looking to integrate connected Internet-of-Things (IoT) devices with traditional offline surveillance.
CMIA Capital Partners is a private equity firm headquartered in Singapore, focusses on control and growth capital investments in mid-sized businesses in Southeast Asia and China since 2003. In 2016, CMIA has pivoted to focus on Southeast Asia investments, especially in the new economy, consumer, and technology sectors.
Bintang Capital Partners Berhad was established in January 2018 and has since deployed in excess of US$75 million of capital across various investments.