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2026-03-13 16:59:23
[Singtel's Venture Capital arm launches $250 million AI fund to invest in growth-stage startups] ⑴ Singtel's corporate venture capital arm, Singtel Innov8, is launching a $250 million fund to invest in high-growth artificial intelligence startups globally. ⑵ Singtel said on Friday that, combined with Innov8's existing $250 million evergreen fund, this brings its total capital under management to $500 million. ⑶ The company stated that the AI growth fund aims to strengthen Singtel's AI strategy by deepening its role as an adopter, enabler, and provider of AI. ⑷ The fund will focus on growth-stage AI companies in areas critical to Singtel, such as customer interaction, network operations, and cybersecurity. Innov8 will also facilitate collaborations between portfolio companies and Singtel's operations division to promote solutions.
