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HK startups vie for attention at RISE

Abtitu runs an app-building platform that requires no coding knowledge. Using just a browser, users can build cross-platform applications by dragging and dropping items to a visualized logic tree.

With Abtitu, users can build e-shop apps, a booking app, and a chatroom app using the app-building platform, for example, said Abtitu marketing executive Angela Chan.

By developing chatbots for businesses, Rocketbots claims to empower two-way conversations between business and consumers at scale, using artificial intelligence (AI)-powered chatbot on software-as-a-service (SaaS) platform. It has to date built over 75 bots, achieved an accuracy rate of 97%, and supports over 15 languages.

Number of US tech companies doubled

According to event organizers, the number of US companies including Uber, Google, Airbus and Stripe has doubled at RISE compared to the previous year.

They are looking to expand their business into Asia and Hong Kong is seen as an attractive place for startups because of relatively easier access to capital, manufacturing infrastructure and its global mindset.

Other companies such as cybersecurity firm Darktrace were there to take part in one of Asia biggest tech events.

“The quality of speakers from around the world is very impressive. Paddy Cosgrave's passion and perfection is reflected throughout every aspect of the event,” Nicole Eagan, CEO at Darktrace, who was one of the speakers at the conference.

While at the event, Darktrace announced a strategic partnership with Hong Kong-based CITIC Telecom CPC that would see its AI technology incorporated into the managed security services provider’s TrustCSI Secure AI umbrella.

Darktrace also announced raising US$75 million Series D financing round led by Insight Venture Partners, with participation from existing investors Summit Partners, KKR and TenEleven Ventures – much of which will support the company’s expansion into Asia Pacific.