MiAO, a Singapore- and China-based gaming company developing AI-integrated multiplayer games, has announced raising $14 million in a round that raised its valuation to $264 million.
Chinese games developer and publisher XD Inc made the investment in exchange for a 5.3% stake in the developer, which was formed by former Giant Network CEO Wu Meng.
The investment adds to previous funding rounds backed by prominent investors, including Sequoia Capital China, Gao Rong Capital, and Monolith Capital, per the announcement.
Founded in 2022, MiAO is developing an open-world, multiplayer game that merges AI with gaming to create “immersive, intelligent virtual worlds”.
MiAO said it will use the new capital to accelerate its game development initiatives and establish MiAO Artificial Intelligence Labs (MAIL), a division dedicated to advancing Al research in the field of game creation.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put together a table listing prominent startup investments in Southeast Asia for the fortnight starting August 4, 2025.
| Startup name | Headquarters | Investment Size | Investment Stage | Lead investor(s) | Other Investor(s) | Industry / Verticals |
|---|---|---|---|---|---|---|
| Graas.ai | Singapore | $9,000,000 | Pre-Series B | Tin Men Capital | Incred Wealth Orzon, Integra Partners, Yuj Ventures | AI / E-commerce |
| Miao | Singapore, China | $14,000,000 | XLD Inc | Gaming | ||
| Vaudit | Vietnam | $7,300,000 | Seed | Mucker Capital | Ascend Vietnam Ventures, AppWorks, Plug and Play, Kyber Night | Adtech |
| TopView.ai | Singapore | $8,500,000 | Series A | Kamet Capital | AI |
