AIDA’s CEO Tan Geok Leng was a Senior Fellow and Executive Director at A*STAR, the Singapore government’s research agency. He has a PhD in engineering from Cambridge University.
AIDA’s CEO Tan Geok Leng / Photo credit: Tan Geok Leng
The investment amount was not disclosed.
Founded in 2016, the company says it has secured banking and insurance institutions as customers in Singapore, Malaysia, Thailand, Indonesia, India, and Hong Kong as clients.
“Our investment approach prioritises promising early-stage technology companies like AIDA, which have potential to become key enablers to other businesses in the wider Kuok Group portfolio,” says Kuok Meng Wei, director of Kuok Ventures.
The conglomerate runs businesses in the property, logistics, hospitality, food and agribusiness, as well as the maritime sectors. Some of its more familiar entities include Shangri-La Hotels and Resorts, and oil palm firm Wilmar International.
Share this with your network!