Some examples of Singapore companies which have expanded within the US embrace Augmentus, igloo and CapitaLand Funding.
Augmentus, an AI robotics firm specialising in no-code robotics options, helps US producers in adopting automation, whereas tech firm igloo presents revolutionary sensible locks and entry management options, supporting US purchasers from its working base in Austin.
CapitaLand Funding partnered with an Austin-based developer in 2020 to finish The Bond, a 341-unit multifamily mission in Austin’s Area district.
Singapore and the US continued to deepen their financial ties final yr, with whole commerce reaching S$139.2 billion, making the US Singapore’s fourth-largest buying and selling accomplice.
Curiosity amongst Singapore corporations within the US market has additionally remained strong, with the US among the many high 5 markets for Singapore corporations.
There are greater than 250 Singapore companies in 45 of the 50 US states.
“These aren’t simply numbers,” Mr Gan stated. “They mirror a partnership that’s mutually helpful, deeply built-in and anchored in belief.”
“We will work collectively – combining Texas’ scale with Singapore’s strengths in integrating capabilities and bringing concepts to markets,” added Mr Gan.
Ms Nelson, the Texas Secretary of State, hailed her state as a “centre for know-how, analysis, and entrepreneurship”, making it a worldwide vacation spot for funding
“This new workplace will function a bridge – connecting Singapore corporations with alternatives in Texas and throughout the US, whereas additionally opening new doorways for Texas companies to interact with Singapore as a trusted commerce accomplice,” she stated.
