Picasso Fang has made a strategic investment of S$450,000 ($343,534) in NextGen.AI (NGAI), an AI startup based in Singapore that was founded by Frank Ho and his group of former software development, advertising, and AI researchers. Asiawide Print is the recipient of this investment.
As a business mentor and strategic partner, Picasso will also help the company scale AI innovation throughout Singapore and Southeast Asia, with an emphasis on advancing NextGen’s role in business transformation and regional growth.AI said Friday in a statement.
NextGen.AI claimed that with its ground-breaking products, StratAI and ConverseAI, it has established itself as a major force in the AI space. These tools provide tailored AI-powered solutions to meet important business requirements.
NextGen.AI hopes to further its research in knowledge-based personalization models with this new capital infusion. The company also plans to register its own intellectual property in its research.
In order to stay flexible in response to business demands, the company intends to keep improving its products, namely ConverseAI and StratAI, as well as developing new, cutting-edge products that will keep up with AI developments.
According to the statement, ConverseAI is a generative AI chatbot that easily combines with internal systems, websites, and business documents to generate personalized responses for customer engagement and lead nurturing in a variety of industries.
As a 24/7 AI strategy mentor, StratAI offers companies quick advice on market expansion, growth tactics, and business transformation.
With a focus on important markets like Singapore, Malaysia, Vietnam, and Indonesia, the startup hopes to increase its presence in Southeast Asia with the help of the funding, 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.
