London-Based AI-Focused Venture Capital Firm to Expand to South East Asia

March 2020

Skymind Global Ventures (SGV), an artificial intelligence (AI) ecosystem builder based in London has announced the launch of a USD 800 million fund in January to support new AI companies and academic research across the UK and globally. A significant portion of the fund will be used to grow the AI ecosystem in South East Asia.

As part of the plan, SGV will train up to 200 AI professionals for its operations in London and Europe, and eventually expand the program into South East Asia region. Recently in December 2019, Skymind AI Berhad, SGV’s South East Asia arm and Huawei Technologies (M) Sdn Bhd has signed a Memorandum of Understanding to develop a Cloud and Artificial Intelligence Innovation Hub in ASEAN, beginning with Malaysia and Indonesia.

The Cloud and Artificial Intelligence Innovation Hub is expected to be launched in 2020 to provide tools and share expertise with the local talents and innovative start-ups, in order to transform the region into a global AI hub. SGV has also assisted a number of companies and organizations to launch their AI applications by providing supported access through its software division, Konduit, to “Eclipse Deeplearning4j”, an open-source AI tool.

(Sources: The Edge Markets; KR Asia)

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