Startups demonstrate stronger profitability, global reach and adoption of AI and data-driven technologies
KUALA LUMPUR, Malaysia, Oct. 28, 2026 /PRNewswire/ -- The 100 Malaysian technology startups featured in the Malaysia Top 100 Startups – 2026 Edition collectively generated RM8.5 billion in revenue for FY2024, recording an average compound annual growth rate (CAGR) of 87%, according to the publication launched by Cradle Fund Sdn. Bhd. (Cradle), an agency under the Ministry of Science, Technology and Innovation (MOSTI).
The inaugural publication recognises Malaysian technology startups that have demonstrated business growth, commercial traction and the ability to scale beyond the domestic market. It is a data-led recognition, not a ranking, providing a perspective on companies demonstrating tangible business performance and growth.
The findings point to a maturing ecosystem, with startups increasingly building sustainable, scalable businesses. 36 of the Top 100 recorded more than RM1 million net profit, with some reaching this milestone as early as the Pre-Seed and Seed stages. Beyond Malaysia, 58 of the Top 100 are already operating across regional and global markets. Artificial intelligence and data-driven businesses account for 66% of the Top 100, highlighting the growing role of advanced technologies in driving business growth and innovation.
YB Datuk Chang Lih Kang, Minister of MOSTI, said "Malaysia's startup ecosystem has come a long way. The Top 100 marks another step forward, recognising not just potential but a proven performance. These startups reflect the strength of our talent, the maturity of our ecosystem, and the ambition of Malaysian innovators to compete beyond our borders, in line with our aspiration to position Malaysia among the world's top startup ecosystems by 2030."
Norman Matthieu Vanhaecke, Group Chief Executive Officer of Cradle, said "What stands out from this edition is the progress that Malaysian startups are making in building sustainable businesses and achieving profitability, while still maintaining a very strong growth trajectory. This strong performance across the Top 100 highlights the unique strength of Malaysian founders and the depth of talent across our ecosystem.
With 33 startups of the Top 100 having received Cradle funding through grants or investments, we are proud to have played a part in supporting companies at different stages of their journey, alongside the wider ecosystem of investors, corporates, institutions and partners," added Norman.
Beyond the Top 100, the publication also features an "Honourable Mentions" section recognising established players that have helped shape Malaysia's startup ecosystem, alongside a "Startups to Watch" section spotlighting founder-led companies at the frontier of deeptech and emerging technology, marking them as ones to follow in future editions.
The Top 100 were assessed by Cradle using the FY2024 financial data from the Companies Commission of Malaysia (SSM), Cradle's startup database, and direct company submissions. The assessment considered indicators such as revenue growth, commercial traction, and scalability to provide a broader view of startup performance along with funding and valuation.
The publication is intended as a reference for founders, investors, policymakers and ecosystem builders, offering insights into the companies contributing to Malaysia's technology and innovation economy.
Discover the Malaysia Top 100 startups shaping our innovation landscape. Download the 2026 Edition at https://www.mystartup.gov.my/insights/malaysia-top-100-startups-2026-edition/template1
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MALAYSIA UNVEILS TOP 100 STARTUPS WITH RM8.5 BILLION IN FY2024 REVENUE
Built on deep consumer insights, Tineco's generation-by-generation approach turns everyday cleaning challenges into practical solutions that make household cleaning easier and less time-consuming.
SEATTLE, Oct. 28, 2026 /PRNewswire/ -- Tineco, recognized as the world's No. 1 household wet & dry vacuum cleaner brand by global retail sales volume for four consecutive years*, continues to advance the floor washer category through an innovation strategy rooted in understanding what consumers truly need. From tackling everyday spills and reaching beneath furniture to reducing the hassle of appliance maintenance, Tineco develops technologies designed around the realities of daily life. By making routine cleaning simpler and less demanding, the company aims to give consumers more time and energy for the people, activities and moments that matter most.
Since pioneering the smart floor washer category in 2020 with the launch of the FLOOR ONE S1, Tineco has worked to simplify everyday cleaning, starting with a familiar frustration: needing separate appliances to vacuum and mop. By combining both tasks with a fresh-water self-cleaning system, Tineco helped reduce the number of steps involved in cleaning floors and maintaining the appliance.
This focus on everyday needs continues to shape Tineco's philosophy of "Every Generation, a New Definition." At the center of this philosophy is "technology compounding", an approach in which each generation builds on previous innovations to address evolving household cleaning needs.
- Generation 1: For everyday spills and dirt along baseboards, iLoop™ Smart Sensor technology, MHCBS™ Technology and triple-sided edge cleaning help adjust cleaning performance, wash floors with fresh water and reach dirt along edges, helping consumers achieve a thorough clean with less guesswork and fewer missed spots.
- Generation 2: Cleaning beneath furniture or manoeuvring around a room can require extra effort. AI SmoothDrive Technology and 180° lay-flat design help the floor washer move more smoothly and reach beneath beds, sofas and other low furniture with less bending, lifting or rearranging, so hard-to-reach areas are easier to keep clean.
- Generation 3: For pet owners and households dealing with long hair, removing tangled hair from a brush can add another chore. Upgraded pouch-cell batteries support cleaning performance, while DualBlock Anti-Tangle Design helps reduce hair wrap around the brush, making maintenance easier and reducing the time spent removing tangles by hand.
- Generation 4: Refilling clean water and emptying dirty water can interrupt even a quick cleaning session. Next-generation auto-refill and auto-drain technology automates these tasks, helping consumers complete cleaning with fewer interruptions and less hands-on maintenance.
Together, these improvements make daily cleaning less demanding, reducing the time and effort spent on household chores so consumers can focus on the people and activities they enjoy.
Behind these everyday improvements is Tineco's continued investment in product development, testing and quality. The company has evolved from a category pioneer into an industry standard setter, holding one of the industry's earliest CNAS-accredited laboratory certifications, obtaining quality certifications from multiple internationally recognized organizations and participating in the development of relevant IEC and ASTM international standards.
Today, Tineco has received more than 200 awards worldwide across product innovation, industrial design and brand value. As the floor washer category continues to evolve, Tineco remains focused on turning everyday consumer needs into meaningful innovation. By continually rethinking how floors are cleaned and how cleaning equipment is maintained, the company aims to make household chores feel less like a burden and give people more freedom to enjoy their time at home.
*Source: Euromonitor International (Shanghai) Co., Ltd.; measured in terms of the brand's global retail sales volume (in units) of household wet & dry vacuum cleaners in 2022, 2023, 2024 and 2025. Household wet & dry vacuum cleaners are defined as household cleaners that dispense clean water (or cleaning solution) to wash hard floors and vacuum the dirty water and debris thereafter. Based on research completed in March 2026.
About Tineco
Tineco ("tin-co") was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 24 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation.
For more information, visit Tineco U.S.
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Tineco Continues to Redefine Floor Care Through Consumer-Driven Innovation
