Khazanah invests in AI and IR4.0

The sovereign wealth fund made the investments via its RM1bil Dana Impak.

PETALING JAYA: Khazanah Nasional Bhd has made two strategic investments to drive greater growth and innovation in Malaysia’s Industrial Revolution 4.0 (IR4.0) technologies and capacity development, as well as to boost research and development (R&D) in artificial intelligence (AI) and semiconductors.

The sovereign wealth fund made the investments via its RM1bil Dana Impak.

Khazanah, in partnership with co-founders of Vitrox Corp Bhd and Southern Capital Group, became an anchor investor in the Cambrian Fund, which raised RM100mil in its first closing. The Cambrian Fund is dedicated to support entrepreneurs and small and medium enterprises, focusing on IR4.0 technologies such as machine vision, AI and robotics.

Additionally, Khazanah made an undisclosed investment in California-based AI company Syntiant Corp, a global leader in providing innovative hardware and software solutions for edge AI deployment.

Syntiant has committed to establishing a world-class AI R&D centre in Malaysia, driving technological innovation and supporting the country’s ambition to move up the semiconductor value chain.