Mastercard, Kuok Ventures, SGInnovate Invest in AI Startup | SGInnovate

Mastercard, Kuok Ventures, SGInnovate Invest in AI Startup

Tuesday, April 16, 2019

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.

Original article: Tech In Asia

Topics: AI / Machine Learning / Deep Learning, Investments, Startup and Corporate Open Innovation

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