Temasek

Activity from announced rounds

Activity in this selectionOct 24, 2026 · Hardware · Jan 1, 2026

Temasek is a Singapore investment company with global public and private holdings, investing around digitisation, sustainable living, the future of consumption and longer lifespans.

Its global direct investments target both emerging and established market leaders. The four structural themes cut across industries: AI and computing, renewable energy and industrial decarbonisation, changing consumer demand and health-related innovation.

Temasek’s portfolio also includes Singapore-based companies and partnerships with fund managers. Since April 2026, its organisational structure separates global direct investments, Singapore holdings and partnership solutions, giving these distinct investment activities dedicated teams.

Sources
Rounds participated in
6
Confirmed lead rounds
0
5 roles undisclosed
New companies
5
First participation on record · 1 follow-on
Funding in participating rounds
$2.8B
5 disclosed · full round size, not this investor’s share

By stage

Series C+2
Growth1
Series A1
Series B1
Undisclosed1

By primary sector

Hardware3
Climate tech2
AI1

By country

United States2
France1
Netherlands1
Sweden1
United Kingdom1

Rounds

6 in this selection
CuspAI

Developing AI systems to discover and design new materials for clean energy and chipmaking

$450MSeries B
Role not disclosed
Stegra

Develops near-zero emissions steel production technology

€1.4BGrowth
Role not disclosed
Upscale AI

Provides open-standard AI networking infrastructure for ultra-low-latency training and inference

$190MSeries A+
Role not disclosed
Nearfield Instruments

Develops advanced 3D scanning probe metrology and inspection systems for semiconductor manufacturing

$380MSeries D
Role not disclosed
Pasqal

Pasqal develops quantum processors that use laser-controlled neutral atoms, with systems and algorithms for industrial and research customers.

€170MPrivate financing
Participant