Japan's SBI Holdings Bets Big On Singapore-based AI Startup AntWorks
Investors are ready to bet big on artificial intelligence startups because the technology brings a great future. AI has already been implemented in a number of repetitive tasks and mundane functions in a company which surely means that startups looking to try their hands on this technology surely hold a promising future.
Singapore-based AI startup AntWorks was, recently, in news for announcing Series A funding from SBI Investment Co., Ltd., a subsidiary of SBI Holdings. The Japanese investment firm invested $15 million in AntWorks, a global company that is creating new possibilities with data. In addition to funding, a joint venture between SBI and AntWorks was also announced to tap the opportunities in the emerging AI space in South East Asia.
The company which was co-founded by Asheesh Mehra and Govind Sandhu in 2015, provides the only integrated intelligent automation enterprise-level product, powered by Fractal Science.
https://www.entrepreneur.com/article/317731
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