Singtel Innov8, the corporate venture arm of Singtel Group, has announced a $250-million AI Growth Fund to invest in high-growth AI startups globally and accelerate applied AI deployment across the group.
The fund, which adds to Innov8’s existing $250-million evergreen fund, will target growth-stage AI companies in areas such as customer engagement, network operations, cybersecurity, IT automation, and enterprise AI platforms. Beyond capital, Innov8 will facilitate collaborations between portfolio companies and Singtel Group units to test and scale solutions in real-world environments.
Edgar Hardless, CEO of Singtel Innov8, said the fund provides “strategic access to transformative AI technologies at a pivotal stage of growth” and enables deployment across Singtel’s networks, platforms, and digital infrastructure.
The fund complements the recently launched Digital InfraCo Centre of Excellence for Applied AI with NVIDIA, and supports Singtel’s broader AI Grid initiative, which combines 5G-Advanced, edge, and cloud capabilities to deliver programmable infrastructure for enterprise AI workloads.
Since its founding in 2010, Innov8 has invested in over 120 companies, including Arista Networks, Carro, and Shopback, generating an internal rate of return of 26% since Singtel’s strategic reset in 2021.
