Singtel's Corporate Venture Arm Launches $250 Million Fund for AI Startups

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Singtel's Corporate Venture Arm Launches $250 Million Fund for AI Startups

Deep News03-13

Singtel's corporate venture arm is launching a $250 million fund to invest in high-growth artificial intelligence startups globally.

Singtel announced on Friday that this new AI growth fund, combined with Innov8's existing $250 million evergreen fund, brings the total capital managed by Singtel Innov8 to $500 million.

The company added that the AI fund is designed to strengthen the Singapore telecom operator's AI strategy by deepening its role as an adopter, enabler, and provider of AI technology.

The fund will focus on growth-stage AI companies in areas critical to Singtel's operations, such as customer engagement, network operations, and cybersecurity. Innov8 will also facilitate collaboration between its portfolio companies and Singtel's operational units to deploy new solutions.

Established in 2010, Innov8 has made over 120 investments worldwide, including in used car marketplace Carro and digital wealth management platform Endowus.

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BK99
·03-13
Only $250M !!!
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Innov8 will also facilitate collaboration between its portfolio companies and Singtel's operational units to deploy new solutions.</p>\n<p>Established in 2010, Innov8 has made over 120 investments worldwide, including in used car marketplace Carro and digital wealth management platform Endowus.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU1920063259.USD":"FIDELITY FUNDS GLOBAL DIVIDEND PLUS \"A\" (USDHDG) INC","LU2242652126.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) INC","LU2401740654.USD":"FIDELITY SUSTAINABLE GLOBAL DIVIDEND PLUS \"A\" (USD) INC","LU1920062954.HKD":"FIDELITY FUNDS GLOBAL DIVIDEND PLUS \"A\" (HKDHDG) INC","LU0898667661.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD-H","LU0532188223.SGD":"JPMorgan Funds - ASEAN Equity A (acc) SGD","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","BK6033":"金融交易所和数据","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","LU0192582467.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" (USD) INC MF","Z74.SI":"新电信","SG9999001846.SGD":"Schroder Asian Equity Yield A Dis SGD","LU1839390173.USD":"JPM ASEAN EQUITY \"A\" (USD) INC","LU0877626530.USD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (USD) INC MONTHLY (G)","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","LU0441851309.USD":"JPM ASEAN EQUITY \"A\" ACC","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","IE00BKZH1Z71.USD":"BNY MELLON ASIAN INCOME \"B\" (USD) ACC","BK6516":"银行与投资服务概念","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU0205439572.USD":"富达亚太股息基金","SGXZ27511609.SGD":"NIKKO AM SINGAPORE DIVIDEND EQUITY \"SGD\" (SGD) ACC","LU1119993845.HKD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (HKDHDG) INC","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","BK6523":"ESG概念","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","LU0326948709.USD":"SCHRODER ISF ASIAN TOTAL RETURN \"A\" (USD) ACC","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","LU2242646235.USD":"FIDELITY FUNDS GLOBAL DIVIDENDS PLUS \"A\" (USD) ACC","LU0188438112.USD":"SCHRODER ISF ASIAN EQUITY YIELD \"A\" ACC","LU2242646821.SGD":"Fidelity Global Dividend Plus A-MINCOME(G)-SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106130747","content_text":"Singtel's corporate venture arm is launching a $250 million fund to invest in high-growth artificial intelligence startups globally.\nSingtel announced on Friday that this new AI growth fund, combined with Innov8's existing $250 million evergreen fund, brings the total capital managed by Singtel Innov8 to $500 million.\nThe company added that the AI fund is designed to strengthen the Singapore telecom operator's AI strategy by deepening its role as an adopter, enabler, and provider of AI technology.\nThe fund will focus on growth-stage AI companies in areas critical to Singtel's operations, such as customer engagement, network operations, and cybersecurity. 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