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AI ecosystem builder Skymind Global Ventures expands into Southeast Asia

The firm launched a USD 800 million fund in January to develop AI globally.

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Skymind Global Ventures (SGV), an artificial intelligence (AI) ecosystem builder, is planning to expand to Southeast Asia, particularly Malaysia and Indonesia, following its global plans to focus on training and investment in new AI technologies.

Based in London, the firm launched a USD 800 million fund this January to support new AI companies and academic research across the UK and globally. SGV will use a significant portion of that fund to grow SEA’s AI ecosystem, according to an official statement.

SGV plans to train up to 200 AI professionals for its operations in London and Europe and eventually expand the programme into SEA. “Skymind Global Ventures sees strong potential in Malaysia and the Southeast Asian region to build a thriving AI ecosystem. From talent to incubating innovative start-ups, this region just requires the tools and expertise to become a global AI hub,” SGV’s founder and CEO Shawn Tan said in a statement.

Shawn Tan, founder and CEO of Skymind Global Ventures. Photo courtesy of SGV.

This is not SVG’s first foray into the region. In December, Skymind AI Berhad, the SEA arm of SGV group, signed a memorandum of understanding with Huawei to develop a cloud and AI innovation hub in ASEAN, beginning in Malaysia and Indonesia.