AntsBees Group CEO Dr Priscilla Prasena,
AntsBees, an artificial intelligence (AI) and robotics automation solutions provider in Malaysia, has earmarked up to RM4 million (US$860,000) to invest in tech startups wanting operational growth.
The firm tends to favour startups that are focused on the industries of education, healthtech or any field that could contribute to the AI technology ecosystem.
“We are keen to extend our expertise and platforms to startup companies and extend financial aid to grow together. Having been in the market and enabling digital transformation for organisations, we would like to invest in or acquire new businesses related to Industry 4.0 and doing so, further strengthen our position towards becoming a stronger tech-conglomerate,” said Dr Priscilla Prasena, Group CEO of AntsBees.
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Additionally, AntsBees is planning to list on the Ace Market of the Singapore Stock Exchange. The IPO proceeds will be used to cover its working capital, expansion ambitions, and development needs in one strategic move.
“By going public, we believe there is much to gain. There would be better regulation of the company, increased liquidity, a higher level of confidence for our investors and naturally, much better visibility in the market.
Established in 2012, AntsBees provides solutions, development, and training in Big Data, project management data analysis, AI, and digital marketing as part of Industry 4.0. It helps clients manage and derive useful insights from the amounts of structured and unstructured data.
AntsBees, currently valued at US$17 million, has four subsidiaries: Prestine International (a learning and development arm of its parent company focusing on AI and manufacturing science skilled courses), Votratec (a technical and vocational education and training college), PERPETUUTI, and MYCoachingHub (a sports analytics centre).
AntsBees is also working towards setting up its Asia Pacific (APAC) hub in Singapore by September 2023 and readying its headquarters in the US by this October.
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