ICYMI: May Roundup
Gobi portfolio companies marked a milestone month in semiconductors, FinTech, HealthTech, and SpaceTech
Several of Gobi’s portfolio companies hit significant milestones in May. Semiconductor design firm SkyeChip held an oversubscribed initial public offering on Malaysia’s Main Market and earmarked proceeds for research and development. Other startups launched important new products, raised funding, and even made their mark on China’s space program.
SkyeChip Opens Near Four Times IPO Price on Bursa Malaysia’s Main Market Debut
Malaysia-based semiconductor design firm SkyeChip raised RM352 million in its initial public offering and recorded the biggest single-day gain since THMY Holdings Bhd debuted in October 2025. Investors oversubscribed SkyeChip’s IPO more than 95 times, helping the company attract the largest amount of funds in 16 years. SkyeChip will use more than 60% of the IPO proceeds on research and development, with the rest earmarked for licensing and development tools, working capital, and listing-related expenses.
From Prayer Times to Pilgrimage: How Muslim Pro Became a Gateway to Islamic Finance
When Muslim Pro was founded sixteen years ago, it did not plan to become a FinTech company. Now users have downloaded it 190 million times, and the app has become embedded into the daily routines of millions of Muslims around the world. Muslim Pro launched Amanah Pro in Indonesia this month in partnership with Maybank Syariah Indonesia to help Muslims plan and save for Hajj and Umrah through a Shariah-compliant digital savings solution integrated into its main app. As Muslim Pro’s first financial product, Amanah Pro signals its ambitions for the Islamic fintech market, which reached US$198 billion in global volumes in 2024/2025.
Fasset Raises New Funding to Build Financial Network
Pakistan-based digital bank Fasset has raised a $51 million Series B round to continue increasing financial access for consumers and small businesses across the world. Fasset will use the capital to accelerate the development of its Own Network, an AI-enabled financial infrastructure layer that connects banks, payment companies, telcos, on/off ramp partners, and financial institutions.
U.S. FDA Clears PanopticAI’s for Respiratory Rate Measurement
The United States Food and Drug Administration issued Class II U.S. FDA Clearance to DeepTech startup PanopticAI for respiratory rate measurement. The startup received clearance for pulse rate measurement last year, which means the PanopticAI Vital Signs app is now FDA-cleared for two core vital signs using only a standard smartphone camera, strengthening its leadership in contactless vital signs monitoring.
Stellerus-supported Scientific Payload Historic Milestone On Tiangong Space Station
MUSICO (Multi-Spectral Imaging Carbon Observatory), the world’s first lightweight, high-resolution instrument capable of jointly detecting CO2 and CH4 emission sources from space, formed part of Hong Kong’s first scientific payload successfully delivered to China’s Tiangong Space Station. Space startup Stellerus Technology Limited sponsors MUSICO and will use the data it collects to support carbon monitoring, climate risk analysis, and the development of trustworthy carbon markets.
Catherine’s Corner: Building the Workforce of Tomorrow
This month’s column, written for Labour Day, highlights portfolio companies that help workers build skills for fast-changing sectors, from AI and automotive care to eldercare and childcare.