NextGen.AI (NGAI), an Singapore-based AI startup founded by Frank Ho and his team of former advertising, software development executives & AI researchers, has secured a strategic investment of S$450,000 ($343,534) from Picasso Fang, on behalf of Asiawide Print.
Picasso will also serve as a strategic partner and business mentor, guiding the company in scaling AI innovation across Singapore and Southeast Asia, with a particular focus on advancing AI’s role in business transformation and regional growth, NextGen.AI said in a statement on Friday.
NextGen.AI said it has positioned itself as a game-changer in the AI landscape with its innovative products, ConverseAI and StratAI. These tools offer personalized AI-powered solutions designed to address critical business needs.
With this new capital fund injection, NextGen.AI aims to advance its research in knowledge-based personalization models to provide and also register its own IP in the company’s research work.
The company plans to continue enhancing its products namely ConverseAI and StratAI, as well as newer innovative products to evolve with AI advancements to remain adaptable to business needs.
According to the statement, ConverseAI is a generative AI chatbot that integrates seamlessly with business documents, websites, and internal systems to create customized responses for lead nurturing and customer engagement across various industries.
Meanwhile, StratAI functions as a 24/7 AI strategy mentor, providing businesses with agile consultation on business transformation, growth strategies, and market expansion.
The funding will also fuel the startup’s ambitions to expand its footprint in Southeast Asia, focusing on key markets such as Singapore, Malaysia, Vietnam and Indonesia, the company said.
“Southeast Asia presents vast opportunities for AI-driven business solutions. We will leverage an ecosystem of government grants, learning and development opportunities, and partnerships with in-market channel distribution partners to position NextGen.AI for success in the region,” said a company spokesperson.
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