Singtel Innov8 Launches $250M AI Growth Fund to Boost AI Startups and Deployment
Singtel Innov8 has launched a $250 million AI Growth Fund aimed at investing in high-growth AI startups worldwide. The fund will focus on growth-stage companies in sectors such as customer engagement, network operations, and cybersecurity, facilitating collaborations with Singtel Group for real-world solution testing and scaling. This initiative complements Singtel's Digital InfraCo Centre of Excellence for Applied AI with NVIDIA and supports the AI Grid initiative, enhancing enterprise AI capabilities.
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Singtel Innov8 has introduced a $250 million AI Growth Fund to invest in high-growth AI startups globally and foster applied AI deployment within the Singtel Group. The fund targets growth-stage AI companies in customer engagement, network operations, cybersecurity, IT automation, and enterprise AI platforms.
Innov8 aims to facilitate collaborations between portfolio companies and Singtel units for real-world testing and scaling of solutions. This initiative aligns with the Digital InfraCo Centre of Excellence for Applied AI, developed with NVIDIA, and supports the broader AI Grid initiative, which integrates 5G-Advanced, edge, and cloud capabilities for enterprise AI workloads. Since its inception in 2010, Innov8 has invested in over 120 companies, achieving a 26% internal rate of return since 2021.
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