JIA Asset Management partners Vynn Capital to propel Southeast Asia’s startup growth

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  • Does utilize Vynn Capital’s system &amp, insights to help promising startups
  • Partnership aims to push growth, foster development in SEA’s business ecology

JIA Asset Management partners Vynn Capital to propel Southeast Asia's startup growth

By participating as a limited companion in the Vynn Capital Progression Fund, Vynn Capital’s flexibility and provide chain-focused bank, JIA Asset Management Sdn Bhd has made it known that it has a strategic partnership with Vynn Capital. The company stated in a statement that this collaboration represents a major step forward in its dedication to fostering innovation and growth within Southeast Asia’s active startup ecosystem.

JIA Asset Management, a licensed shops portfolio management firm that offers portfolio and wealth management services, is a registered business. It focuses on offering its clients a completely customized money management expertise that is customized to their requirements. The business is dedicated to offering its clients more than just results, but also benefit and opportunities to be at the vanguard of the investment landscape.

By granting JIA Asset Management access to high-potential growth opportunities in the state’s appealing business environment, it was noted that the relationship with Vynn Capital furthers this dedication.

JIA Asset Management continued to stand out in the Malaysian private wealth management market by offering customised and consolidated external asset management solutions that are customized to clients ‘ needs and interests for the year 2023. For the year, JIA Asset Management generated high investment returns for its private mandate clients.

Vynn Capital’s experience in early-stage opportunities, especially in the supply network and freedom sectors, and their emphasis on bridging classic industries with emerging

economy align completely with JIA Asset Management’s perspective. Through this agreement, the company hopes to use Vynn Capital’s extensive network and experience to help identify and help startups that are on the verge of victory.

The partnership with Vynn Capital’s Progression Fund is a testament to our commitment to fostering long-term development and delivering value to our clients, according to CEO JIA Asset Management Emmanuel Burdet. He added that by partnering with Vynn Capital, the company is on the verge of discovering appealing investment opportunities that will bring long-term value to their customers.

JIA Asset Management intends to expand its customer base while maintaining top-notch support and portfolio management for High-Net-Worth People as well as Institutional Investors.

In order to meet the demand for private stocks, the business is also planning to start a general Malaysian fund. Along with Vynn Capital, it is committed to identifying and supporting companies focusing on important areas such as smart mobility, travel, transportation, and supply chain efficiency.

Also, this partnership strengthens the firm’s position as a leader in Southeast Asia, ensuring that they continue to offer their clients access to the most promising growth opportunities.

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Why is Princeton Digital Group’s flagship AI data centre in Johor a boost for Malaysia?

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  • 150MW JH1 posts Malaysia as a local hotspot for AI-ready information centres
  • combines native talent with tech innovation to promote the nation’s modern growth

Why is Princeton Digital Group's flagship AI data centre in Johor a boost for Malaysia?

The recent unveiling of the first phase of Princeton Digital Group’s ( PDG) JH1 data center campus in Johor, the state with the southernmost state in Malaysia, marks a significant milestone in the country’s digital infrastructure landscape. With the aid of this growth, the nation becomes a strong competitor in the country’s rapidly expanding AI and cloud computing industries. However, the swift execution of this 52MW job, part of a larger 150MW complex, demonstrates PDG’s execution capabilities and Malaysia’s willingness to embrace and promote cutting-edge professional investments.

Located in Sedenak Tech Park (STeP ), PDG’s JH1 college is dubbed as one of Southeast Asia’s largest data center services. It serves as PDG’s flagship AI-ready center in Malaysia and caters to international hyperscalers and businesses with demanding mathematical requirements. This service is piece of PDG’s broader Asian collection, which spans 21 data centres across 15 cities in 6 countries, positioning the business as a critical infrastructure provider in the region’s fast growing modern economies. &nbsp,

In a media briefing held at the campus last week, Asher Ling&nbsp,, chief technology officer and managing director Of PDG Singapore ( pic ) told reporters that the Johor campus benefits from excellent connectivity, access to multipleWhy is Princeton Digital Group's flagship AI data centre in Johor a boost for Malaysia?fabric roads, and proximity to key local data systems. ” Johor offers a unique blend of communication, system, and ability, making it an ideal place for our latest data center campus”, he impressed.

Ping highlighted that while standard factors like electricity, land, and space remain important, two new considerations have emerged as important: access to alternative energy and scalability. Ling praised Malaysia’s forward-looking National Energy Transition ( NET ) plan, noting its alignment with regional sustainability goals.

The NETR sets ambitious goals for Malaysia, aiming to achieve net-zero emissions by 2050. The plan outlines a gradual increase in renewable energy shares, targeting 31 % by 2025, 40 % by 2035, and an impressive 70 % by 2050.

The service, completed within 12 months of starting building in 2023, is also part of PDG’s modern SG ® approach which aims to create a seamlessly integrated information centre habitat spanning Singapore, Batam, and Johor. This approach gives large enterprises and hyperscalers unprecedented flexibility when deploying their infrastructure.

Ling also emphasized the importance of scale, pointing out that to meet the growing demand for AI and digital services, modern data centers require significantly larger parcels of land. ” The JH1 facility is designed to meet the increasing demands for high-performance computing and data storage, driven by the rapid growth of AI and digital services”, Ling added, underlying PDG’s commitment to future-proofing their infrastructure.

For context, STeP is located in Johor’s Kulai district, just 70 kilometres north of Singapore. It provides low-latency connectivity to key markets for park-based data centers. This prime positioning, abundant land, and cheaper power have attracted major players like Nvidia, AirTrunk, GDS International, and YTL Power alongside PDG. Southern Johor is emerging as a regional data center hub, which places Malaysia at the forefront of the AI revolution and draws in international tech investments.

What sets JH1 apart?

The JH1 campus features cutting-edge cooling technologies that strike a balance between performance and sustainability because it was designed to handle the intense workloads of AI. Ling emphasised the facility’s cutting-edge capabilities, noting,” We’re pushing the boundaries of air-cooled solutions, with our server racks capable of handling up to 40 kilowatts of power consumption and heat dissipation per rack. This is far beyond the typical 5 to 10 kilowatts per rack that many data centers use.

Advanced air cooling systems are used by JH1’s high-density computing environment to effectively manage the significant power requirements of AI processing while minimizing the impact on the environment. In May, before launching the first 52MW phase of JH1, PDG secured a RM1.28 billion green loan from Maybank, Standard Chartered Bank, and UOB Malaysia. This loan, PDG’s first aligned with its green finance framework, marks a significant step towards reducing resource consumption and emissions in regional AI infrastructure. In designing and running data centers for AI and high-performance computing, PDG’s commitment to sustainability is demonstrated.

When asked how PDG had integrated sustainability into the company’s core design, Ling explained that they have installed solar panels on the roofs and will continue to do so for the upcoming phases, utilizing Malaysia’s abundant sunlight to generate renewable energy on-site. This demonstrates PDG’s commitment to lowering its operations ‘ carbon footprint and aligns with the nation’s National Energy Transition Roadmap.

Furthermore, the facility incorporates energy-efficient chillers and other state-of-the-art cooling technologies. Even though they come with a higher upfront cost, we have chosen the most effective chillers available. The long-term benefits of energy savings and reduced environmental impact make it worthwhile”, Ling noted.

Another feature of the JH1’s design is how it incorporates flexibility for upcoming upgrades. As demand for AI computing grows,” We’ve developed the flexibility to accommodate next-generation liquid cooling solutions,” Ling said. Strategically speaking, a forward-thinking approach ensures that JH1 can adapt to emerging technologies, making it a long-term asset for Malaysia’s digital economy.

The current economic impact

The economic effects of PDG’s investment go far beyond the facility itself. As Ling revealed, PDG has employed about 90 staff. ” And we’re going to grow between 300 and 400 in the very, very near future”, he said, adding that this job creation, particularly in high-skilled tech roles, is a significant boost to Malaysia’s workforce development in the digital sector.

Moreover, PDG’s commitment to nurturing local talent is evident in its hiring practices and training initiatives. Ling proudly shared,” When we first started, we had no Malaysian staff. Today, on our PDG Malaysia team, I am proud to share that 70 % of our team are Malaysians”.

Ling claims that the focus on local talent extends to all the essential areas for data center operations. Ling elaborated on the diverse skill sets required:” We need mechanical engineers, electrical engineers, IT engineers, network engineers, and project managers who know how to do a build. And then you have a distinct team that is adept at running things.”

PDG’s talent development approach is multifaceted, combining immediate hiring strategies with long-term talent pipeline development. Specifically, PDG has been innovative in identifying and attracting talent from adjacent industries. PDG has established partnerships with local educational institutions in order to recognize the need to develop the next generation of data center professionals.

With UTM in Johor, we’ve started a graduate engineering training program, which is similar to an apprenticeship model in that it involves working in a live data center with top mentors who can advise and instruct you, and perhaps help with the advancement of a career,” Ling said.

Overall, the launch of PDG’s JH1 campus represents more than just a new data centre in Malaysia. It signifies a pivotal moment in the country’s digital transformation journey. By combining cutting-edge AI capabilities, sustainable design, and a strong focus on local talent development, projects like JH1 are laying the groundwork for Malaysia to become a key player in the global digital economy.

Southern Johor, Malaysia’s emerging data center hub, could have a significant impact on shaping the region’s technological landscape as the demand for AI and cloud computing grows. In order to create a robust ecosystem that can support long-term growth and innovation in the tech sector, such projects will likely need to continue to collaborate with government-supported educational institutions, private sector investments, and other sources of funding.

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Salesforce builds on commitment to Indonesia with new country leader and office

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  • Over 30 years experience in Indonesia’s software market &nbsp,
  • Tasked with leading business growth, profits &amp, growing the Indonesian business

Sujith Abraham, senior vice president and general manager, Salesforce Asean (Left) & Iman Muhammad, regional vice president and country director, Salesforce Indonesia

Iman Muhammad’s nomination as Salesforce’s first Indonesian state leader and the beginning of a new workplace in Jakarta, Indonesia, are announced. Following the launch of its Indonesian subsidiary in August 2023, the agency’s commitment to strengthening its management and businesses in the market is further demonstrated by this action.

The Amazon team will benefit from the new office’s location at One Pacific Place in Jakarta’s Sudirman Central Business District by better supporting Indonesian businesses through their journeys through electronic transformation, allowing for greater growth opportunities through CRM, AI, Data, and Trust.

Iman Muhammad may lead the organization growth, sales, and client success teams to help Salesforce’s customers succeed and grow in Indonesia. He has over 30 years of experience in the Indonesian technology sector.

With the opening of a new business in Jakarta and the nomination of Iman Muhammad as country lead, Salesforce Asean’s speed in Asean continues to grow, according to Sujith Abraham, senior vice president and general manager. Leading Indonesian businesses are turning to Salesforce as a trusted online consultant to help them connect with their customers in completely new methods.

” Indonesia is fast emerging as an economic superpower in the Asean place, and there’s substantial option for businesses around to harness the power of CRM AI Data Trust for growth”, said Iman Muhammad, local vice chairman and state producer, Salesforce Indonesia. Working closely with our partners and team to promote creativity and provide our clients in Indonesia with outstanding value, I look forward to working with them.

Salesforce’s customer footprints continues to grow, with Indosat Ooredoo Hutchison, Eraspace, Lion Parcel, and United Tractors choosing Amazon as a trusted assistant on their online conversion adventures. The company has quickly grown to over 30 people in a year in order to meet customer demand, and plans to keep hiring.

Through its staff voluntary time off program, the company helps the native Indonesian community. This year, employees from across the ASEAN region have contributed over 7, 300 volunteering hours and have given over US$ 110, 000 ( RM515, 000 ) in donations to local nonprofits.

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2024 Scam Report: Malaysians still susceptible to scams with 64% not aware of National Scam Response Centre

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  • Report by CelcomDigi shows powerful &nbsp, knowledge, risk with calls for action
  • Urgent need for whole-of-society approach to address this cultural illness

2024 Scam Report: Malaysians still susceptible to scams with 64% not aware of National Scam Response Centre

The powerful tales of recognition, risk, and the need to take proactive measures to stop scams and deceptive activities were recently highlighted in the National Scam Awareness Survey 2024 statement from CelcomDigi Bhd. &nbsp,
It revealed that Malaysia is progressing as a highly digitalized country, as 91 % of respondents frequently use society computer centers for a wide range of online services. Malaysians are more easily vulnerable to fraud threats because of the great internet usage. This underscores the need to take more security precautions in order to build a secure and reliable online society.
Idham Nawawi, CelcomDigi CEO &nbsp, said,” Now, while we enjoy the benefits of electronic communication, we face a real where frauds and scams have become one of the most pressing social diseases today. The first National Scam Awareness Survey 2024 statement from Commodigi provides actiona ble data and insights that you inform more strategic and focused strategies to combat fraud and scams. Guided by the record, we can handle the gaps in mitigating this incident, develop confidence, and develop a more secure online environment for Malaysians”.

Over the past year, 87 % of the 10, 893 polled across the country, have been more aware of scams and were able to information and explain the nature of the scam they were exposed to. Respondents also acknowledged that it’s dangerous to click unverified references and that exposing personal information can be used against them. Additional features of the review: &nbsp,
73 % of people are aware of the dangers of sharing and revealing personal information via social media.
65 % indicated they would confirm any backlinks received before clicking them, whereas
Prior to sharing them, 52 % of people would screen their private information.
These indicate that the majority of respondents follow standard procedures for protecting their personal information. &nbsp,

However, two-thirds ( 66 % ) of them have encountered some form of scam attempts or situation. These efforts, numbering a remarkable 17, 912, shows that an individual can experience numerous types of frauds through various stations. Voice phone calls ( 76 % ) were the most common type of scam, with pretending to be bank or government representatives or officers. Artificial staff are employed in the scam attempts:
Asking respondents for their personal information ( 31 % ),
causing concern that respondents ‘ bank accounts may be in trouble and threatening respondents to make a specific payment ( 23 % ),  
offering government assistance and requesting personal or bank information ( 23 % ).

Additionally, the report noted a tendency of con artists swindling patients who have higher education and income levels. Comparing demographic factors revealed that those with higher education levels had higher rates of attempted schemes than those with just secondary or elementary education or those who made RM1, 000 or less per month. &nbsp,

The survey also assessed Malaysians ‘ awareness on the 997 hotline of the National Scam Response Centre ( NSRC ) for scam reporting, in addition to raising public awareness of the types of scams and scam tactics. 64 % of respondents were unaware they may report schemes to the NSRC line, according to research. Also, the level of knowledge among those who are reportedly in financial distress is the lowest, with 67 % of those who claim to have received insufficient income to pay their monthly expenses no being familiar with the NSRC hotline as a reporting tool for scams.

A quick course of action is a crucial stage for scam victims. However, the report makes it clear that respondents may not have the same levels of resilience to scams, especially when it comes to taking preventative and mitigating measures:
52 % blocked the telephone numbers of scam or suspected swindlers,
32 % advised family or friends, while
19 % either closed their bank accounts, cancelled their credit cards or did nothing. &nbsp,

In response to these studies, the document indicates an urgent need for a whole-of-society approach to actively address this cultural illness. The advice include:
At the federal level, there have been more scam awareness campaigns across several channels, and there has been a greater emphasis on the role of NSRC, which includes allowing more Malaysians to learn from its services,
For the private sectors: To incorporate fraud risk management into company strategy while creating more innovative facilities to protect customers ‘ interests.
Public-private collaborations to choose a multi-pronged strategy to build an environment for a more holistic and strategic precautionary measures. &nbsp,
The review is part of CelcomDigi’s continued battle against scams and fraudulent activities. It is obtainable around &nbsp, and on social media platforms for the consumer. &nbsp,

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pitchIN launches first token crowdfunding deal with BidNow

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  • The BidNow platform’s primary mode of change will be the bidNow gift.
  • TCF raises funds via online key issuing, offering flexibility, exit opportunities

(Left to right, stranding): Sean Lee (BidNow), Liang Wooi Gee (BidNow), Ivan Goh (BidNow), Nicholas Chong (pitchIN), Marcus Tan (Gambit), Chris Yong (BidNow), Clifford Hii (Gambit), Steve Siew (BidNow), Jarvis Wong (BidNow), Kelvin Cheong (Gambit), Linus Loh (BidNow). (seated left to right): Frankie Goh (BidNow); Sam Shafie (pitchIN) and Dr. Mohamed Azahari (BidNow).

PitchIN, Malaysia’s leading digital fundraising&nbsp, hub, announced&nbsp, the launch of its maiden deal for Token Crowdfunding (TCF), a US$ 2.13 million ( RM10 million ) primary offering of utility tokens by Bid Now, an online auction platform. Based on&nbsp, regulations in&nbsp, Malaysia, TCF&nbsp, is also referred to as an Initial Exchange Offering ( IEO ).

The primary form of exchange for all services on the BidNow platform will be the BidNow token ($ BID ). It can also be utilised for loyalty rewards, account membership, and in the BidNow NFT Marketplace. Moreover, it offers permissions for its key holders beyond key utility, such as reduced fees and higher percentage payouts.

Sam Shafie, the co-founder and CEO of pitchIN, said,” It truly is a historical moment for pitchIN. This is a significant milestone for us because we are the pioneers in Malaysia’s digital resource funding and investment ecosystem. We applaud the Malaysian Securities Commission for their direction and management. Investors have the option to make bold digital investments through an approved channel thanks to PitchIN’s girl TCF offer.

He noted&nbsp, that there are not many other entirely regulated TCF deals&nbsp, in Malaysia.

According to pitchIN, TCF is an innovative way for businesses to raise funds from the people through online key release, &nbsp, offering more flexibility, company coverage, and leave opportunities. TCF typically offers both guaranteed investment results and exclusive access to the company’s upcoming goods and services.

TCF provides owners access to early-stage digital currencies through a regulatory-compliant program with the chance to expand their investment portfolio and enhance&nbsp, earnings.

Nicholas Chong, the head of Token Crowdfunding at pitchIN&nbsp, said, &nbsp,” Bid Now’s deal is the first of many to come. We do include a few more in the pipeline. Our team is making an effort to make sure that the best interests of the firms raising money and the owners are being properly considered. It is quite a difficult process, but with the help of the SC, it is very likely that we will see more Metres offers listed&nbsp, in the coming month. Gratitude to&nbsp, the BidNow group on being the first offer on the pitchIN TCF platform”.

BidNow is then pre-live on pitchIN. For more information on the package, please visit: www. pitchin. my/token

BidNow has already exceeded the minimum amount it was hoping to raise.

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Futurise, Malaysian Sports Aviation Federation forge alliance to revolutionise drone sports in Malaysia

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  • Working with the Civil Aviation Authority of Malaysia to develop aircraft activities regulations&nbsp, MSAF will work with the government of Malaysia.
  • Futurise to direct creation of new ecosystems, build regulatory systems for drone sports

Left to Right: Rosihan Zain Baharudin, CEO of Futurise, Hannah Yeoh, minister of Youth & Sports and Nurhaqimy Ismail, MSAF president

Through a Memorandum of Understanding, Futurise Sdn Bhd and the Malaysian Sports Aviation Federation ( MSAF ) have forged an alliance to advance and advance the burgeoning field of drone sports in Malaysia.

Futurise stated in a statement that this collaboration aims to create pioneering dedicated simulators and guidelines as well as develop instructions and manuals to ensure the highest standards of safety and functionality. Also, it will maintain a cutting-edge habitat for aircraft sports by combining Futurise’s regulatory experience with MSAF’s command in sports aviation. Together, both parties are determined to take Malaysia to the top of this creative and creative niche.

Futurise will spearhead the development of new ecosystems and use its considerable expertise to create comprehensive regulation frameworks for drone sports in accordance with the terms of the MOU. Sequentially, MSAF will work closely with the Civil Aviation Authority of Malaysia to build robust regulatory systems, rules, and books certain to drone activities. This partnership will help to advance Malaysia’s position as a world leader in satellite sports technology and innovation as well as the regulation landscape.

The partnership encompasses a wide range of activities aimed at fostering companion interactions, exploring new partnerships, and developing responsible business models. Significantly, this MOU represents a milestone in advancing aircraft activities in Malaysia, perfectly aligning with the government’s goal of becoming a worldwide leader in emerging technology and sports technology.

Malaysia’s drone industry is on the cusp of remarkable growth, projected to reach US$ 263 million ( RM12.13 billion ), capturing 4.3 % of the global market share by year-end according to Bernama. With a CAGR of 21.44 %, the industry could be valued at US$ 7.27 billion ( RM34 billion ) by 2029. This rapid rise underscores the huge potential of aircraft technology across many sectors, including athletics, and reflects Malaysia’s unwavering commitment to advancing high-tech sectors.

” This engagement represents a significant advance in our efforts to place Malaysia at the top of aircraft sports and technology,” said the company. By combining MSAF’s regulation skills and Futurise’s pioneer spirit in creating strong ecosystems, we are poised to set new standards in this fascinating industry”, said Nurhaqimy Ismail, leader of the Malaysian Sports Aviation Federation.

He continued,” I look forward to the creative programs and collaborations that will result from this partnership, which will enable Malaysia to lead drone sports and become a hub for pioneering technological achievements.” &nbsp,

Meanwhile, Rosihan Zain, CEO of Futurise, highlighted the transformative impact of drone technology across diverse sectors such as agriculture and defense. ” Drone technology holds immense potential as a game-changer in industry transformation”, he said. Through comprehensive training programs, we are dedicated to providing Malaysian talents with advanced UAV expertise.

This partnership aims to promote Malaysia’s position in the world’s drone sports community as well as foster a vibrant and creative ecosystem that benefits society as a whole. This collaboration is poised to set new standards in the realm of drone sports and technology with the combined expertise of Futurise and MSAF.

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Key Speakers and agenda announced for the 6th ISES 2024 

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  • Student and senior specific ticket prices announced
  • HRH Tengku Mahkota of Pahang to provide Presentation Target

Key Speakers and agenda announced for the 6th ISES 2024 

The 6th International Sustainable Energy Summit ( ISES ) 2024, taking place on August 20th-21st at the Kuala Lumpur Convention Centre, will feature over 70 renowned speakers, 30 leading exhibitors, with 4, 500 visitors expected to be in attendance. Full Sessions and Serious Dive Workshops led by power experts will be held at the Summit.

The 6th ISES may have HRH Prince Hassanal Shah, Tengku Mahkota of Pahang, who is scheduled to give a presentation address before the next Plenary Session on Youth, Education, and Talent Development. The promotion of native talent through schooling and talent development is viewed as a necessary step in accelerating the transition to renewable energy and ensuring a prosperous and modern potential.

Another significant speakers include:

  • &nbsp, Ir. Megat Jalaluddin, president and CEO of Tenaga Nasional Berhad ( TNB). He was TNB’s past chief operating officer, and he was instrumental in the company’s change to net-zero energy, which was in line with Malaysia’s 2030 goal of carbon neutrality.
  • Professor Dr Jomo Kwame Sundram, top director at the Khazanah Research Institute and a Fellow of the Academy of Science, Malaysia. He serves as visiting teacher at the International Islamic University Malaysia, visiting professor at the University of Malaya, and visiting professor at the University of Malaya. He has held important jobs at the UN and FAO, as well as serving on the Economic Action Council and the Council of Eminent Persons, the perfect leader’s Economic Action Council and and the Council of Eminent Persons. Additionally, he was awarded the Wassily Leontief Prize in 2007 for advancing the boundaries of economic idea.
  • Hairol Azizi Tajudin, CEO of Cenergi-SEA Berhad who has over 25 years of experience in the fuel &amp, fuel and electricity industries. His solid foundation, which he led at Malakoff, where he spearheaded initiatives into solar energy and increased operational efficiency, is now under his leadership at Cenergi-SEA.

Throughout the mountain, industry leaders like OCBC Bank Malaysia Bhd, Solarvest Energy Sdn Bhd, Malakoff Corporation Berhad, Sarawak Energy, and others will share their knowledge in sustainable energy options.

Special ticketing rates are offered to guarantee diversity, with special rates available for seniors and students over the age of 60.

More details on the schedule and booking can be found at www. ises. gov. my

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Underwater remote vehicles solutions provider, SS Rover raises US.14mil from VentureTECH

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  • Funding to expedite the development of cutting-edge tele-operated systems
  • VentureTEC H’s mission to empower high-potential Bumiputera firms in tech

Syamsul Nizam Azmee (4th from left), founder and MD of SS Rover with Ahmad Redzuan Sidek (4th from right), CEO of VentureTECH with colleagues.

VentureTECH Sdn Bhd ( VentureTECH) announced yesterday, a strategic investment of RM10 million in SS Rover Sdn Bhd, a leading underwater remotely operated vehicle ( ROV ) solutions provider in Malaysia with over 15 years experience.

SS Rover is a homegrown tech firm specialising in engineered services, products, and mechanical solutions for the offshore oil and gas, electricity, telecommunication, and under legal infrastructure industries.

The purchase will make it easier to develop and use SS Rover’s cutting-edge teleoperated system and incorporated digital twin ship system, which will transform the world of underwater operations.
” We are thrilled to get this funding from VentureTECH in order to make our cutting-edge tele-operated techniques more widely used and help us continue our mission to provide our clients with the most advanced robotic options. With VentureTEC H’s support, we are well-positioned to establish leadership in underwater ROV and pioneer significant advancements in the industry”, said Syamsul Nizam Azmee, founder and managing director of SS Rover.

We are thrilled to help SS Rover’s innovative strategy for revolutionizing marine operations, said VentureTECH CEO Ahmad Redzuan Sidek.

The Malaysian Industry-Government Group for High Technology ( MIGHT) is a wholly owned subsidiary of VentureTECH.

Ahmad Redzuan noted that SS Rover’s skills and creative options matched VentureTEC H’s goal to promote technological innovation and support high-potential Bumiputera companies in the technology industry. ” We firmly believe that SS Rover’s advanced underwater mechanical solutions may include a profound effect on the offshore oil &amp, petrol, electricity, telecommunication, and utilities industries, and we are excited to embark on this journey of growth up”.

With more than 15 years of experience in underwater ROVs and robotic system training, SS Rover has expanded its expertise to include TVET, MRO ( refurbishment ) and offshore field operations. Nowadays, SS Rover stands at the vanguard of delivering state-of-the-art engineered solutions and mechanical solutions to its various customers.

VentureTEC H’s funding may be instrumental in fuelling SS Rover’s growth and innovation by supporting ROV equipment and system growth, working capital, and business development efforts. This strategic agreement will give SS Rover the ability to improve its teleoperated system, increase its capabilities, and improve its operating efficiency. Also, the investment will support the development of the ground-breaking integrated digital mini fleet system, which has the potential to revolutionize underwater operations.

Some of the verticals served by SS Rover.

Our investment may help SS Rover advance across the entire industry, as well as advance its technological prowess and expand its market presence. This partnership demonstrates VentureTEC H’s belief in SS Rover’s ability to create high-quality jobs while shaping the field of underwater robotic solutions. It reflects our commitment to making investments that have an impact that promote good social change. Ahmad Redzuan emphasised.

The advancements made by SS Rover in tele-operated techniques represent major technological advances in underground ROV operations. These innovations are intended to boost underground operation’s effectiveness and reliability, decrease risks, and improve operating efficiency. Along the voyage, the development of the integrated digital twin ship system allows technology, enabling better decision-making and more effective fleet management.

Up, VentureTECH and SS Rover are poised to use cutting-edge technology to influence the direction of underground operations in the future.

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Ficus SEA fund invests US9,000 in Klean to boost sustainable recycling across Asean

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  • Funds will be used to develop system of machines, enhance local operations
  • Klean now operates 100 RVM devices across Malaysia, Indonesia, Singapore, &amp, Fiji

Ficus SEA fund invests US$429,000 in Klean to boost sustainable recycling across Asean

Ficus Capital ( Ficus ), the world’s first Islamic Environment, Social, and Governance ( ESG-i) venture capital firm, announced that it will invest US$ 429, 000 ( RM2 million ) in Klean, a green technology sustainable recycling business owned by Janz Technologies Sdn Bhd.

In a statement, the company said this investment, made through Ficus’s flagship Ficus SEA Fund, will support the Malaysia-founded company’s initiatives in container recovery, expanding its network of reverse vending machines ( RVMs) and enhancing its regional operations in Malaysia, Indonesia, Singapore, and Fiji.

Klean encourages people to recycle empty plastic containers through the use of a sophisticated digital container deposit system based on artificial intelligence ( AI)-based reverse vending technology. The company encourages active involvement in recycling efforts by satisfying customers with points that can be exchanged for rewards. Moreover, its RVMs hold the World Green Tag Certification, ensuring the highest specifications of environmental sustainability and performance. &nbsp,Ficus SEA fund invests US$429,000 in Klean to boost sustainable recycling across Asean

Our investment in Klean represents our continued commitment to supporting businesses that operate in accordance with ESG-i principles, according to Ficus Capital managing partner Abdullah Hidayat Mohamad ( pic ). As global awareness of social and environmental issues grows, so does the need for responsible investment options that conform to moral and religious principles.

The ESG-i field “presents the intersection of these trends, giving investors the opportunity to make morally responsible and effective investments while upholding Muslim financing principles,” he continued.

According to Fortune Business Insights, the global green technology and sustainability market is projected to grow from US$ 19.83 billion ( RM92.5 billion ) in 2024 to US$ 83.59 billion ( RM390 billion ) by 2032, at a compounded annual growth rate ( CAGR ) of 19.7 percent. Major growth is anticipated, particularly in developing markets and emerging markets.

Nick Boden ( pic above ), co-founder &amp, CEO of Klean, said,” Ficus’s investment in Klean is a vote of confidence in the company’s future. This extra funding might become a significant contributor to our expansion. Our goal and Ficus ‘ commitment to sustainable and ethical investment are perfectly aligned, enabling us to increase our network of RVMs and strengthen our regional operational presence.

He added that Klean chose Ficus to serve as the agency’s head institutional buyer because of their closeness to the company’s objectives. ” First, they specialise in Shariah-compliant ESG investing, which resonates with our principles. Our designed growth into ASEAN areas is properly complemented by their strong appearance in Southeast Asia. This provides a significant level of trustworthiness and potential for future support because the fund is supported by Mavcap and the Malay government,” said Boden.

Green recycling technology has the potential to revolutionise different industries, including clean energy, sustainable transport, waste control, and power performance, thereby fostering a cleaner, greener future for all.

Equipped with cutting-edge AI systems, Klean’s Smart RVMs include a device learning-enabled hose worthy of recognising models of stored containers. This makes intended advertising available and allows the shop to recover their container’s data. Moreover, the machines quickly identify the type of materials and sort it into individual boxes, optimising recycling operations. Now, there are 100 RVM products across Malaysia, Indonesia, Singapore, and Fiji.

Our cutting-edge systems, according to Boden, “enables us to live in a cleaner, greener future by facilitating the disposal process as well as providing useful data and insights.” We are looking forward to having a significant impact on the environment and the communities we serve with this relationship and are excited about the opportunities it may offer.

Complementing these RVMs is the Klean the World mobile software, which allows extractors to scan QR code, obtain Klean items, and unlock benefits. The app uses core user data to create targeted, precise marketing campaigns. Additionally, Klean’s data and reporting capabilities allow businesses to track RVM data and ESG reporting in real-time using the Klean dashboard, providing businesses with detailed information for CSR reporting and data monetisation channels.

Ficus SEA Fund was launched in November 2021 with a focus on accelerating the growth of high-potential technology startups across ASEAN in sectors such as logistics, fintech, healthtech, e-commerce, edutech, greentech, big data analysis, and cloud services. The fund aims to support innovative businesses that have a positive effect on society and the environment. It focuses on three primary concepts: Shariah principles, sustainable growth, and ESG.

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Malaysian startup, Wise AI raises 8-figure Series A from MTDC, VT-SBI and Sunway Group

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  • aims to develop modern IDs for the 680 million people who live in Southeast Asia.
  • NIST ranks in the top 25 worldwide for facial recognition corresponding accuracy according to the US-based NIST.

David Lim, founder and CEO of Wise AI (4th from left) with Mohd Jerry Tan (1st left), Principal of VT-SBI and Raymond Hor (2nd left), Director of Sunway iLabs Ventures; along with his team.

Wise AI, a Malay company specialising in eKYC and Digital Identity options, said it has raised an eight-figure Sequence A money, without disclosing the number. The funding round was led by Malaysia Technology Development Corporation ( MTDC ), VentureTech SBI Sdn Bhd (VT-SBI ) and Sunway Group’s Sun SEA Capital. Wise AI expects the agreement, which was launched in September 2018, to further its goal of developing electric names for the 680 million people in Southeast Asia.

Sun SEA Capital is a duplicate trader, having invested in an earlier round along with&nbsp, PH Capital from Hong Kong.

MTDC said” With this strategic investment from MTDC, we are excited to support Wise AI in launching cutting-edge e-KYC ( Know Your Customer ) solutions across new markets, both locally and internationally. With its cutting-edge online identity services, Wise AI stands at the vanguard of this trend. AI technology is changing business everywhere. This collaboration demonstrates our commitment to advancing technology development and placing Malaysia as a leader in AI development.

We think that the development or program of AI is still in its early stages in Southeast Asia, which raises the possibility of substantial business development, according to Mohd Jerry Tan, Principal of VT-SBI. The practical knowledge its Artificial technology is bringing made it more logical for VT-SBI to make an investment in the owner’s inspiring vision more meaningful.

According to Raymond Hor, Director of Sunway iLabs Ventures,” Wise AI has placed Malaysia at the vanguard of the global AI field. Our commitment to proprietary AI technologies and intellectual property was recognized when we became the first and only Malaysian company to receive ISO30107 and the National Institute of Standards and Technology ( NIST ) of the United States for our superior deep-tech capabilities and defense against phishing identity deepfakes. It ranks in the major 25 worldwide, in accordance with NIST, for its visual recognition matching accuracy.

David Lim, the founder and CEO of WISE AI, is convinced that the money will help bring Wise AI to new levels thanks to the assistance of seasoned colleagues. ” Every deal begins with personality, and the center of the online business revolves around one thing – your company’s identification. There has n’t yet been a dominant player in Southeast Asia as this industry grows. We envision becoming this country’s leading eKYC and online personality service. We want to expand our options by working with partners in each nation to better serve their needs, he said. Wise AI is working with partners and vendors from Thailand, Indonesia, Philippines, Vietnam, and Brunei. It&nbsp, did then further improve its&nbsp, existence in these countries.

Wise began expanding its R&amp, D capabilities from 2020, going into Generative AI, Machine Learning, and Large Language Models ( LLM) to enhance its solutions and services.

Its amazing AI systems verify the authenticity of government-issued Authentication, compare them against their physical biometrics, and identify deepfakes. This technology gives the government and the private sector the assurance they need to properly and mildly accredit customers.

The Indonesian government’s AI Governance and Ethics model was chosen based on Wise AI as the case for its national success. In this case, Wise AI demonstrated the position of its eKYC answer with seven principles of AI Ethics, including justice, responsibilities, equality, resilience, protection, joy, and transparency. For example, under the transparency process, Wise AI ensures evidence is provided when an AI option is claimed to be custom and never using third-party Artificial systems. This is done to protect customers from false representations made by buyers. &nbsp,

David Lim with Aminuddin Hassim, secretary-general of the Ministry of Science, Technology and Innovation (Mosti) at the 2024 World AI Conference in Shanghai, where it was the only Malaysian company invited to exhibit.

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