"Our AI Growth Fund gives Singtel Group strategic access to transformative AI technologies at a pivotal stage of growth. It also enables us to test, integrate and scale AI innovations across our networks, platforms and digital infrastructure,” says Edgar Hardless, chief executive officer of Singtel Innov8
Singtel Innov8, the corporate venture capital arm of Singapore Telecommunications (Singtel), has launched a US$250 million ($320 million) fund to invest in growth-stage artificial intelligence (AI) start-ups worldwide.
The AI Growth Fund will focus on companies developing technologies for customer engagement, network operations, cybersecurity, IT automation, enterprise AI platforms and industry-specific applications. Innov8 says portfolio companies will work with Singtel's operating units to test, integrate and scale their products in commercial environments.
