Temasek-backed Temus launches AI Foundry, hires 50

Singapore-based digital services firm Temus said on May 20 it launched an AI Foundry with support from Digital Industry Singapore to hire 50 local AI professionals for enterprise projects in financial services and precision health.

The company said the unit will work on products including AI copilots, internal knowledge assistants, lead management systems, and vulnerability management software.

Temus also expanded its partnership with AI Singapore to develop prototypes, multilingual models, reusable delivery frameworks, and enterprise deployments.

Temus, which was set up by Temasek in 2021, said the new roles include AI architects, data scientists, AI and machine learning engineers, product owners, and software, DevOps, and UX engineers.

🔗 Source: Temus

🧠 Food for thought

Implications, context, and why it matters.

Temus’ AI Foundry launch follows a 56% revenue surge fueled by AI adoption

Temus’ revenue rose 56% year on year to S$72.1 million (US$56.3 million) in 2024 as enterprises and government agencies in Singapore increased spending on AI-driven digital projects 1.
The company still faces heavy spending as cash burn remains a concern even while losses narrow and its AI plans expand 1.
Before the AI Foundry launch, Temus used Google Cloud AI tools to cut resume processing time by 90% and build a system to lift workforce productivity by 10% 2.

The Foundry aligns with Singapore’s National AI Impact Programme and national AI missions

The AI Foundry fits Singapore’s National AI Impact Programme, which aims to support up to 10,000 companies in three years and help 100,000 workers use AI in business roles 3.
Temus is backed by Temasek, Singapore’s state investment company, which helps it serve demand created by that push 4.
Its focus on financial services and precision health, meaning more tailored healthcare based on data and analytics, matches two of the four sectors in Singapore’s national AI missions for broad change 4.
This setup pairs government policy with delivery capacity as demand rises and a state-linked company expands to meet it 4.