SINGAPORE -
Media OutReach Newswire
- 18 October 2024 - 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 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 (SEA), with a particular focus on advancing AI's role in
business transformation and regional growth.
Pioneering AI Solutions for Businesses
NextGen.AI 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:
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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. "ConverseAI is personalized to business needs
and trainable via a no-code environment," said one of the co-founders,
highlighting the ease with which businesses can tailor the tool to their
specific processes.
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StratAI functions as a 24/7 AI strategy mentor, providing
businesses with agile consultation on business transformation, growth
strategies, and market expansion. "StratAI is personalized to business
pain points and opportunities, helping solopreneurs, startups, and
small-medium enterprises access agile strategy consultation viewpoints
that would otherwise be unaffordable to this underserved segment," the
team explained.
Investment to Accelerate Research, Product Development, and SEA Expansion
With this new capital fund injection, NextGen.AI aims to advance its
research in knowledge-based personalization models to provide and also
register our own IP in our research work. The company plans to continue
enhancing ConverseAI and StratAI, as well as newer innovative products
to evolve with AI advancements to remain adaptable to business needs.
The funding will also fuel the startup's ambitions to expand its
footprint in SEA, focusing on key markets such as Singapore, Malaysia,
Vietnam and Indonesia.
"SEA 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.
NextGen.AI's ambitions align closely with Singapore's
National AI Strategy 2.0 (NAIS 2.0), which prioritizes broad AI
adoption and seeks to enhance public confidence in the use and
deployment of AI. This positions the startup as a key player in the
national drive towards AI-driven transformation, as it aims to
contribute significantly to this strategic vision.
Partnerships and Ecosystem Development
NextGen.AI is also actively collaborating with
FizzDragon, tapping into a network of over 100 AIGC (AI-generated
content) creators. This partnership supports the creation of a new
generation of prompt engineers, content creators, and business
marketers, with the ambitious target of nurturing 1% of the total number
of AIGC creators in Singapore. This initiative underscores NextGen.AI's
commitment to generating job opportunities and fostering the local AI
talent pool.
Moreover, NextGen.AI's commitment to training and ecosystem development aligns with the broader initiatives of the
AWS AI Spring Singapore programme. Announced at the
10th AWS ASEAN Summit in May 2024, the program aims to accelerate
AI adoption across public and private sectors, while training 15,000
individuals in AI skills by 2026. By positioning itself at the forefront
of AI skills development, NextGen.AI is well-placed to capitalize on
these large-scale efforts to grow AI expertise in Singapore.
Opportunities for Investors & Industry Collaboration
NextGen.AI's blend of cutting-edge technology, strategic partnerships,
and alignment with national & regional AI goals presents a
compelling opportunity for investors. Investors looking to participate
in the next phase of AI innovation and business transformation in
Southeast Asia should closely follow NextGen.AI, as it propels AI-driven
solutions for future businesses to be AI enabled.
The startup's focus on personalized and scalable AI solutions in SMEs
consulting, as well as regional growth, makes it a standout player,
poised to scale rapidly with the right strategic partnerships and
investment support.
https://nextgenai.io/