Southeast Asia’s most prolific AI investors

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AI has the potential to really transform the way we work, but it’s also a field that requires lots of time and heavy investment for new solutions to be developed. Let’s take a look at the investors who are putting money into the space.

Today we look at:

• The investors backing Southeast Asia’s AI startups
• A Pakistani B2B startup that’s just raised some funds
• Other newsy highlights such as Line’s plans for an NFT marketplace and Indonesia’s new rules for its internet and social media firms

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All that AI money

Image credit: Timmy Loen

We all know that AI has the potential to completely revolutionize the way we live our lives. But who are the investors putting money behind the startups in Southeast Asia that are trying to create these revolutionary technologies? Let’s find out.

• Lucky seven: At the top of the list sits Wavemaker Partners, which has invested in seven AI startups in the region over the last 24 months. Companies it has invested in include Silent Eight, which uses AI to combat financial crime, and Wiz.ai, an AI-powered customer engagement platform.

• Six and six make a dozen: Sharing the second spot are Entrepreneur First and Seeds Capital, the investment arm of Enterprise Singapore. Between them, they’ve backed companies such as Waste Labs, 6Estates, X0PA, and Polymerize.io.

• Five for fighting: Antler comes in at third on the list, having backed five AI startups in Southeast Asia in the last two years. Its investments include Slab & Co, a fully automated AI-driven publishing solution for mobile apps, and StoryBrain, which uses AI to generate visuals and speed up the design process.

Read more: Series SEA: Who’s investing in the region’s AI startups?

This startup is digitalizing Pakistan’s mom and pop shops