SCB 10X

SCB 10X is a corporate venture capital subsidiary of Siam Commercial Bank, established in 2020 and headquartered in Bangkok, Thailand. The company is dedicated to creating long-term value by investing in exponential technologies and supporting innovative entrepreneurs. SCB 10X focuses on sectors such as financial services, information technology, artificial intelligence, blockchain, software as a service, big data, insurance technology, virtual reality, and robotics. With a global investment strategy, it seeks opportunities particularly in the United States, China, Israel, and Southeast Asia. The firm aims to empower underserved markets and foster partnerships that drive technological advancement.

Varit Ruangsiri

Venture Builder

Arak Sutivong

CEO and Director

Pailin Vichakul

COO and Partner, Venture Capital

Vorawan Wangpanitkul

Partner

44 past transactions

Theo

Seed Round in 2025
Theo operates as a trading infrastructure platform.

Jimini Health

Pre Seed Round in 2024
Jimini Health is a mental health company founded in 2023, dedicated to enhancing the effectiveness of mental health care worldwide. The company has developed an innovative care model that integrates teletherapy sessions with personalized AI support, offering patients a comprehensive therapy team that includes a licensed clinician and an AI therapy assistant named Sage. This approach is designed to help patients achieve their goals while ensuring that all technology used is clinically supervised and adheres to high safety standards. Jimini's model, crafted by experts in psychology, emphasizes evidence-based practices and aims to provide individualized care, particularly for those experiencing persistent anxiety. By leveraging AI to assist therapists, Jimini does not seek to replace clinicians but rather to enhance the quality of care they deliver, allowing them to focus on the more complex aspects of therapy. The company's commitment lies in creating modern, effective, and scientifically grounded mental health experiences for patients.

Sahara AI

Series A in 2024
Sahara AI is a technology company that develops a decentralized blockchain platform for open and collaborative artificial intelligence development. Its platform enables businesses to deploy autonomous AI securely and privately, while allowing cross-agent communication, knowledge transfer, and capitalization. This fosters a collaborative environment where businesses can own, monetize, and scale their proprietary knowledge.

Ema

Series A in 2024
Ema offers a Universal AI employee designed to automate complex workflows and improve productivity within organizations. Utilizing the Generative Workflow Engine, Ema integrates seamlessly with enterprise applications, allowing users to delegate repetitive tasks efficiently. The platform combines multiple AI models to ensure accuracy and security, making it a valuable asset for various business functions such as customer support, HR, and finance.

Station70

Seed Round in 2024
Station70 is a developer of a crypto security platform that provides scalable disaster recovery solutions designed to meet the security and regulatory requirements of businesses. The company offers trusted infrastructure to safeguard digital assets against interruptions and failures associated with wallet providers. Its platform focuses on delivering secure backup and recovery options for digital asset keys, ensuring that clients can effectively manage their assets while adhering to necessary security standards. Through its innovative approach, Station70 addresses the critical need for resilience in the evolving landscape of cryptocurrency security.

Spacely AI

Pre Seed Round in 2024
Spacely AI is a technology company specializing in 3D rendering software for interior designers and architects. Its platform significantly reduces rendering costs, accelerates project bidding, and enhances render quality, thereby doubling creative output. Spacely AI offers flexible access through subscriptions, an API, and rendering outsourcing services, aiming to boost productivity and creativity in the spatial design industry.

Guardrails AI

Seed Round in 2024
Guardrails AI is a developer of an open-source library that focuses on enhancing the reliability and safety of interactions with Large Language Models (LLMs). The company creates a robust framework that enables the development of custom validators and orchestrates processes such as prompting, verification, and re-prompting. Additionally, Guardrails AI offers a library of commonly used validators and a specification language for clearly communicating requirements to LLMs. By addressing the uncertainties associated with AI interactions, Guardrails AI aims to provide goal-oriented and contractually bound solutions that contribute to the beneficial application of AI technology in improving human life.

AI21 Labs

Series C in 2023
AI21 Labs Ltd., established in 2017 and headquartered in Tel Aviv-Yafo, Israel, specializes in developing artificial intelligence systems. The company focuses on creating generative AI and large language models, along with tools designed to understand and generate natural language effectively. Their primary product is an AI-based writing companion that comprehends context and meaning, transforming how users read and write by providing summaries and rewriting text for clarity. This empowers users to analyze and visualize abstract knowledge structures more efficiently.

Together AI

Seed Round in 2023
Together is a technology services platform that offers a decentralized cloud specifically for artificial intelligence development. The company focuses on constructing open-source generative AI models and infrastructure, providing tools and resources that enable developers and researchers to train, refine, and deploy these models efficiently. Together's platform emphasizes accessibility and user-friendliness, allowing organizations of various sizes to leverage and enhance AI capabilities. By contributing innovative open-source research, models, and datasets, Together plays a significant role in advancing the field of AI and fostering collaborative development efforts.

TokenUnlocks

Seed Round in 2023
TokenUnlocks is a token analytics platform that specializes in tracking vested tokens and alerting users to upcoming unlock events. It offers in-depth insights into tokenomics, combining both on-chain and off-chain data to provide a comprehensive view of token projects. Through its online analytics dashboard, TokenUnlocks delivers standardized and labeled data, allowing users to monitor dynamic changes in token projects effectively. This functionality empowers traders and investors to make informed decisions based on accurate and relevant information related to token vesting and unlock timelines.

RakkaR Digital

Seed Round in 2022
RakkaR Digital is a company that specializes in the custody and protection of digital assets, offering related services to clients in Hong Kong, ASEAN, and other regions. With operations in multiple countries, including Singapore, Thailand, and Hong Kong, RakkaR Digital aims to provide secure storage solutions for enterprises and institutions, safeguarding digital assets and cryptocurrencies from hackers and unauthorized access. The company is committed to expanding its presence across the region, enhancing its capabilities in digital asset and blockchain-based banking.

Safe

Initial Coin Offering in 2022
Safe is a leading provider of digital asset storage solutions, specializing in Ethereum-based multi-signature smart contract wallets. As a spin-out from Gnosis, a decentralized infrastructure provider, Safe offers a secure and programmable account abstraction platform, serving as the account abstraction leader on Ethereum and the EVM. Its flagship product, Gnosis Safe, enables secure and transparent management of digital assets, fostering collaboration and tracking within the decentralized ecosystem.

Talos

Series B in 2022
Talos Trading is an institutional technology infrastructure provider based in New York, co-founded in 2018 by Anton Katz and Ethan Feldman. The company specializes in offering a comprehensive crypto trading platform that supports the entire trading lifecycle, including price discovery, clearing, and settlement. Talos Trading provides solutions across spot, futures, and foreign exchange markets, leveraging institutional-grade technology to enable clients to stream real-time and request-for-quote prices. Additionally, the platform includes portfolio accounting tools and facilitates efficient settlement processes, connecting various participants within the crypto ecosystem.

Spruce

Series A in 2022
Spruce is building a future where users control their identity and data across all digital interactions.

Darwinbox

Series D in 2022
Darwinbox is a prominent provider of cloud-based Human Resources Management Software (HRMS), designed to enhance employee engagement throughout the entire lifecycle from hiring to retirement. Founded in 2015, the company offers a user-friendly platform integrated with advanced features such as AI-driven analytics, e-onboarding, continuous feedback mechanisms, and performance tracking tools. With a focus on delivering a mobile-first experience, Darwinbox caters to mid to large-sized enterprises, helping them streamline their HR processes and improve workforce interaction with technology. The platform is trusted by over 350 global companies, including notable names in various industries, and serves more than 850,000 employees. Darwinbox has gained recognition as one of the leading HCM platforms in the Asia-Pacific region.

Sygnum Bank

Series B in 2022
Sygnum Bank AG, established in 2018 and headquartered in Zurich, Switzerland, specializes in digital asset banking. It offers a range of services, including secure custody, brokerage, lending, asset management, and tokenization solutions, catering primarily to institutional investors, banks, corporations, and DLT foundations. Sygnum's integrated platform enables the issuance, trading, and management of digital assets, with a focus on providing top-tier security and personalized expert service.

Nansen

Series B in 2021
Nansen Limited is a blockchain analytics company founded in 2019 and headquartered in Wan Chai, Hong Kong. The firm develops a software-as-a-service platform that enhances on-chain data by integrating it with a comprehensive database of millions of wallet labels. This analytic tool assists cryptocurrency investors in identifying opportunities, conducting due diligence, and managing their portfolios through real-time dashboards and alerts. Nansen's services are designed to provide users with valuable insights into the blockchain landscape, facilitating informed decision-making in the dynamic crypto market.

MyCloudFulfillment

Series B in 2021
MyCloudFulfillment is a Thailand-based e-commerce fulfillment service that caters to online and multi-channel businesses. The company specializes in an order management platform designed to streamline product flow, allowing users to efficiently manage online orders and inventory across various marketplaces and social commerce platforms. With three warehouses totaling 15,000 square meters, MyCloudFulfillment is capable of fulfilling the needs of up to 500 clients. The platform offers complete API access, facilitating seamless integration and real-time updates for stock management, storage, packing, and shipping of products.

The Sandbox

Series B in 2021
The Sandbox is a decentralized gaming platform developed by Pixowl and Animoca, focusing on empowering creators to design, animate, and monetize voxel assets and gaming experiences on the blockchain. Founded in 2012 and headquartered in the United States, The Sandbox has become one of the largest independent user-generated content platforms, boasting over 40 million downloads and more than one million monthly active users. It features three main components: an NFT builder, a Marketplace, and a Game Maker, allowing users to create games using visual scripting tools. The Sandbox enables players to own their creations as Non-Fungible Tokens (NFTs), ensuring digital ownership, scarcity, and authenticity. This innovative approach fosters collaboration within a metaverse where virtual worlds can be developed without central authority, offering significant benefits to both gamers and creators.

Metrika

Series A in 2021
Metrika is a monitoring and analytics platform based in Cambridge, Massachusetts, that specializes in providing visibility and actionable insights into blockchain networks. Founded in 2019, the company has developed a blockchain-based operational intelligence platform that enables the monitoring and analysis of decentralized systems. Metrika's platform is designed to ensure the smooth operation of blockchain networks by identifying performance anomalies that necessitate intervention. This capability allows organizations to enhance their reliability and performance, ultimately supporting their growth and operational efficiency in the evolving landscape of blockchain technology.

Sunday

Series B in 2021
Founded in Thailand in 2017, Sunday is the first full-stack InsurTech group adopting data models and technology to offer multiple insurance products and services across the entire customer journey. The company provides auto insurance, health insurance, and travel insurance. Sunday reinvents the entire insurance offering and experience to ensure that customers' needs are met anytime, anywhere.

Fireblocks

Series D in 2021
Fireblocks Inc. is a New York-based company founded in 2018 that specializes in blockchain-based security solutions for digital asset management. Its platform is designed to securely transfer digital assets between exchanges, wallets, custodians, and counterparties, catering primarily to financial institutions such as banks, fintech companies, and hedge funds. The company employs advanced technologies, including a patent-pending chip isolation security and model predictive control (MPC), to enhance the security of assets in transit. Fireblocks enables its clients to manage and streamline their digital asset operations effectively, ensuring the protection of funds while facilitating their movement across various platforms. Additionally, Fireblocks has an operational presence in Tel Aviv, Israel.

Flash Express

Series E in 2021
Flash Express, established in 2017 and based in Bangkok, Thailand, specializes in door-to-door freight pickup and delivery services. Leveraging in-house developed technology and big data, the company digitizes and standardizes its delivery process, enhancing operational efficiency and offering competitive pricing. Beyond its core service, Flash Express also provides a suite of integrated e-commerce solutions, including large item delivery (Flash Logistics), goods storage (Flash Fulfillment), parcel delivery agent service (Flash Home), and financial services (Flash Money), all under the Flash Group umbrella.

Anchorage Digital

Series C in 2021
Anchorage Digital is a regulated cryptocurrency platform that offers integrated financial services and infrastructure solutions tailored for institutions. Established in 2017 and headquartered in San Francisco, California, the company operates as the only federally chartered crypto bank in the United States, with an additional office in Singapore that maintains similar security and service standards. Anchorage Digital specializes in secure custody, regulatory compliance, and a variety of cryptocurrency-related services, including trading, staking, and governance. The platform emphasizes modern security engineering to ensure the safety of digital assets while facilitating streamlined participation in blockchain technology for businesses and institutions. With a valuation exceeding $3 billion, Anchorage Digital has attracted investments from prominent firms such as Andreessen Horowitz, Goldman Sachs, and Visa, among others. The company also supports a remote-friendly work environment, with additional offices located in New York, Porto, and Sioux Falls.

Sygnum Bank

Venture Round in 2021
Sygnum Bank AG, established in 2018 and headquartered in Zurich, Switzerland, specializes in digital asset banking. It offers a range of services, including secure custody, brokerage, lending, asset management, and tokenization solutions, catering primarily to institutional investors, banks, corporations, and DLT foundations. Sygnum's integrated platform enables the issuance, trading, and management of digital assets, with a focus on providing top-tier security and personalized expert service.

OhmniLabs

Series A in 2020
OhmniLabs, Inc. is a Santa Clara, California-based company that develops personal robots aimed at improving the quality of life for the elderly. Founded in 2015, OhmniLabs focuses on creating affordable and user-friendly robotic solutions that facilitate virtual companionship and care for seniors, addressing the issue of loneliness often faced by this demographic. The company's robots enable families to connect with their elderly loved ones through video telepresence, allowing for meaningful interactions despite physical distance. Additionally, OhmniLabs emphasizes on-demand care by integrating services from healthcare professionals directly into the homes of seniors. By utilizing lean manufacturing techniques, the robots are designed for ease of use and accessibility, providing a more engaging alternative to traditional video chat methods for families and caregivers alike.

Vonder

Seed Round in 2020
Vonder is an innovative microlearning and micro engagement platform that enables continuous student engagement through bite-sized learning experiences. Established in the summer of 2018 by two former Teach For Thailand alumni, the company initially focused on supporting students in underprivileged schools. Vonder's platform utilizes chatbots to deliver a cloud-based learning management system, facilitating effective and engaging online training for organizations while also enhancing learning efficiency in educational settings. By providing diverse forms of microlearning, Vonder addresses the needs of both corporate and academic clients in their efforts to develop talent and foster impactful learning environments.

MyCloudFulfillment

Series A in 2020
MyCloudFulfillment is a Thailand-based e-commerce fulfillment service that caters to online and multi-channel businesses. The company specializes in an order management platform designed to streamline product flow, allowing users to efficiently manage online orders and inventory across various marketplaces and social commerce platforms. With three warehouses totaling 15,000 square meters, MyCloudFulfillment is capable of fulfilling the needs of up to 500 clients. The platform offers complete API access, facilitating seamless integration and real-time updates for stock management, storage, packing, and shipping of products.

Sunday

Series A in 2020
Founded in Thailand in 2017, Sunday is the first full-stack InsurTech group adopting data models and technology to offer multiple insurance products and services across the entire customer journey. The company provides auto insurance, health insurance, and travel insurance. Sunday reinvents the entire insurance offering and experience to ensure that customers' needs are met anytime, anywhere.

BlockFi

Series C in 2020
BlockFi, Inc. is a financial services firm that specializes in providing wealth management products for cryptocurrency investors. Founded in 2017 and headquartered in New York, BlockFi offers various services, including interest-bearing accounts for Bitcoin, Ether, and Gemini Dollar, as well as USD loans secured by clients' crypto assets. The company allows clients to trade cryptocurrency pairs and provides tailored lending solutions for both individual and institutional clients. By facilitating liquidity for blockchain asset holders, BlockFi aims to enhance transparency and efficiency in digital financial markets. The organization employs a robust infrastructure that integrates with multiple blockchains, positioning itself to adapt and expand its product offerings in response to the evolving needs of its users.

Omise

Series C in 2020
Omise Co., Ltd. is a Bangkok-based company founded in 2013 that develops and operates an online payment platform designed for seamless integration on both web and mobile. The platform facilitates money transfers to third-party bank accounts, enables refunds to customers, and allows users to store payment information for future transactions. Omise caters to businesses by offering a variety of payment processing solutions, addressing the challenges faced by online stores in Thailand, Japan, and Singapore, where the existing payment systems often require cumbersome documentation and high fees. The company aims to simplify the payment process, enabling instant acceptance of credit and debit card payments, as well as bill payments through online banking and ATMs. Omise also provides APIs for developers, ensuring easy integration and high security standards, as evidenced by its compliance with PCI-DSS 3.1. The company's mission is to enhance the online payment experience, bridging the gap between physical and digital transactions for both merchants and consumers.

Pagaya

Series D in 2020
Pagaya is a financial technology company focused on transforming the asset management and lending landscapes through advanced machine learning and big data analytics. By utilizing sophisticated AI-driven credit analysis technologies, Pagaya aims to enhance the lending marketplace and improve the overall customer experience in the credit industry. The company's proprietary technology platform integrates into a network of partners to streamline access to credit while supporting institutional investors, including pension funds, insurance companies, and banks. Pagaya's emphasis on fixed income and alternative credit services reflects its commitment to delivering scalable performance and value within the financial sector. Operating primarily in the United States, Pagaya seeks to create a more efficient and effective credit ecosystem for both institutions and consumers.

Flow

Series A in 2020
Flow, founded in 2016, is a credit management company focused on transforming unsecured consumer finance in the APAC region through the use of artificial intelligence and ethical practices. Recognizing the limitations of traditional debt collection methods, Flow emphasizes personalized, digital-first experiences tailored to help consumers navigate financial challenges. The company employs data-driven strategies that have demonstrated impressive recovery rates for leading financial institutions, assisting over 2.8 million consumers in the process. Flow’s services include outsourced consumer credit management and the purchasing of unsecured non-performing loans, utilizing predictive dialing and advanced strategy differentiation to support businesses in maintaining robust balance sheets and managing nonperforming loan ratios effectively.

Currencycloud

Series E in 2020
Currencycloud is a global payments platform that simplifies the complexities of cross-border money transfers. It provides a foreign exchange payments automation solution, enabling businesses to transact in multiple currencies with ease. Through its API building blocks, developers can create customized payment solutions that integrate seamlessly into their products and services. The platform automates the end-to-end payment process, offering services for payment collection, currency conversion, and digital currency management. By managing the regulatory challenges of international payments, Currencycloud equips businesses across various industries with the tools necessary to embrace digital wallets and embed financial solutions into their operations, facilitating global expansion and enhancing their overall payment capabilities.

Pagaya

Series C in 2019
Pagaya is a financial technology company focused on transforming the asset management and lending landscapes through advanced machine learning and big data analytics. By utilizing sophisticated AI-driven credit analysis technologies, Pagaya aims to enhance the lending marketplace and improve the overall customer experience in the credit industry. The company's proprietary technology platform integrates into a network of partners to streamline access to credit while supporting institutional investors, including pension funds, insurance companies, and banks. Pagaya's emphasis on fixed income and alternative credit services reflects its commitment to delivering scalable performance and value within the financial sector. Operating primarily in the United States, Pagaya seeks to create a more efficient and effective credit ecosystem for both institutions and consumers.

Demyst

Series B in 2018
Demyst is a technology company that specializes in data management solutions for financial institutions. It develops a cloud-based platform designed to integrate, centralize, and structure diverse data sources through a single interface. This platform enables businesses to streamline their workflows, enhance decision-making processes, and ensure regulatory compliance by orchestrating information across multiple sources effectively.

1QBit

Series B in 2017
1QBit is a quantum computing software company focused on addressing complex computational challenges. By recasting problems to leverage the capabilities of quantum computing, the company develops innovative solutions that are designed to solve intractable issues across various industries. Its software platform integrates machine intelligence and optimization science, providing a hardware-agnostic approach that allows clients and hardware providers to enhance applications with advancements in both classical and quantum computing technologies. Through its work, 1QBit aims to enable the development of novel approaches that can significantly improve computational efficiency and effectiveness.

IndoorAtlas

Venture Round in 2017
IndoorAtlas Ltd. is a technology company based in Oulu, Finland, specializing in magnetic field-based indoor location solutions. Founded in 2012, the company leverages magnetic anomalies within buildings and smartphones to achieve precise indoor positioning, offering a unique alternative that eliminates the need for additional hardware such as Bluetooth or Wi-Fi. Its offerings include a comprehensive toolbox for developers, which features IndoorAtlas Floor Plans for managing building layouts, a Map Creator mobile application for generating magnetic maps, and a Maps API for creating location-based applications. This technology enables a range of applications, from enhancing store promotions and mobile gaming experiences to improving logistics efficiency and navigation within complex indoor environments like shopping centers and airports. IndoorAtlas also maintains research and development centers in Oulu, Finland, and Oxford, United Kingdom, to further advance its innovative solutions.

OneStockHome

Seed Round in 2017
OneStockHome is a Thailand-based B2B e-commerce platform founded in 2009, designed to simplify the sourcing of building materials. The platform serves as a centralized resource for contractors and factories, streamlining the distribution of information and enabling users to access a wide variety of products, including construction steel, roof tiles, PVC pipes, and landscape materials. By consolidating the procurement process, OneStockHome helps contractors save time and reduce costs associated with sourcing from multiple, unreliable suppliers. Additionally, the platform enhances decision-making speed for contractors, ultimately benefiting project owners through cost savings and improved efficiency in construction projects.

Seekster

Seed Round in 2017
Seekster is Thailand's leading property service platform specializing in cleaning and maintenance solutions. The company operates an online marketplace that connects service seekers with local laborers, providing instant access to maids and technicians on demand. By leveraging a digital medium, Seekster enables clients to efficiently find and book services while tracking the work performed. This approach allows users to save time and money on household chores and maintenance tasks.

PayKey

Series B in 2017
PayKey is a technology company that provides banks with innovative solutions to enhance customer engagement and streamline financial services. Its platform allows users to initiate and complete various banking transactions, such as peer-to-peer payments and balance checks, directly within any mobile application. By integrating a banking button into the smartphone keyboard, PayKey enables a seamless and efficient banking experience for users, eliminating the need to switch between different apps. This approach helps banks stay relevant in a competitive landscape while addressing consumer demands for quick and convenient access to financial services. Overall, PayKey aims to improve user experience and bolster brand engagement for financial institutions in an increasingly digital environment.

Pulse iD

Series A in 2017
Pulse iD is a company that specializes in bridging the gap between online and offline customer experiences through its identity platform. By leveraging geolocation data and cognitive self-learning algorithms, Pulse iD provides enterprises with the tools to understand customer behavior across various touchpoints. The platform facilitates an online-to-offline loyalty network that connects financial institutions, merchants, and consumers, enabling seamless rewards sourcing, distribution, and redemption. This innovative approach enhances customer engagement and reduces friction in loyalty programs, helping businesses reach their customers effectively at critical moments in their journey.

Ripple Labs

Series B in 2016
Ripple Labs, Inc. is a technology company that operates a global payments network leveraging blockchain technology. Founded in 2012 and headquartered in San Francisco, California, Ripple develops RippleNet, an enterprise-level decentralized solution that connects banks, payment providers, digital asset exchanges, and corporations to facilitate international money transfers. Its offerings include XRP, a digital asset used for payments; xCurrent, which provides cross-border payment services for banks; xRapid, designed for payment providers and financial institutions to optimize liquidity costs; and xVia, a tool for corporates and payment providers to send payments using a standardized interface. Ripple aims to create a frictionless experience for global transactions, allowing financial institutions to transact directly with each other while minimizing foreign exchange exposure and counterparty risks. The company also maintains additional offices in major cities around the world, including New York, London, and Sydney.
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