TREO and AIV50 Forge Strategic Alliance to Develop High-Growth AI Ventures
Kuala Lumpur, 21 June 2024 – TREO and AIV50 are pleased to announce the signing of a Memorandum of Understanding (MOU) to collaborate on a series of strategic initiatives aimed at fostering the growth of high-potential AI ventures. This partnership underscores both companies’ commitment to leveraging advanced business combination strategies and innovative market engagement practices.
Key Initiatives Outlined in the MOU:
TREO and AIV50 will collaborate to develop high-growth AI ventures through Reverse Takeover (RTO) and other M&A models for NASDAQ listings. They will jointly conduct roadshows and outreach to public companies interested in RTO strategies to enhance market presence. Additionally, they will co-manage a portfolio of up to 50 deeptech ventures, valued at least USD 50m per venture at the seed stage, with strategic growth, investment, and exit plans over three years.
The Need for AI in Business:
The global AI market is projected to grow from USD 95.60 billion in 2021 to USD 1,597.1 billion by 2030, at a CAGR of 38.1% during the forecast period (2022-2030). The integration of AI technologies in business operations can lead to significant improvements in efficiency, accuracy, and decision-making processes. A McKinsey report indicates that AI has the potential to deliver up to USD 5.8 trillion in annual value across various sectors, underscoring the transformative impact of AI on the global economy.
Suitable Businesses for AI Integration:
- MEDGIVER (Medtech): Medgiver employs AI to analyze medical data, offering personalized insights for chronic conditions and cancer treatment and monitoring. It enhances patient care, empowers healthcare professionals, and contributes to preventive health strategies, transforming healthcare delivery.
- PAL/LIFT (Edutech): PAL/LIFT is an AI platform providing personalized and adaptive learning roadmaps for students. By catering to diverse learning styles, it promotes individualized learning experiences to improve educational outcomes and engagement in primary education.
- SOFINAA (ESGtech): Sofinaa specializes in social impact measurement using AI, offering pre- and post-implementation evaluations to optimize resource allocation for initiatives targeting marginalized communities, fostering sustainable positive change through strategic guidance.
- STORQUE (Wealthtech): Storque is an AI expert system analyzing public company fundamentals through natural language processing. It combines technical and sentiment analysis to predict short, medium, and long-term share price impacts, offering insights for informed investment decisions.
- TAFGAI (Fintech): TAFGAI harnesses AI for post-accounting analysis, offering CFOs strategic insights and recommendations to optimize financial performance, bridging traditional businesses with data-driven decision-making for sustainable growth.
- CONTRACKAI (Legaltech): ContrackAI revolutionizes contract management with automated solutions using AI for smart, efficient, and risk-aware contract analysis. It streamlines processes, enhances efficiency, and minimizes risks while creating significant gains for users.
- NUURAI (Counsellingtech): NuurAI is a personalized guidance system fueled by AI, offering adaptive advice by aligning spiritual verses with individual situations and circumstances. It provides tailored support, drawing insights from the holy books to offer meaningful guidance and direction to users seeking spiritual, emotional, or practical assistance in their lives.
Prof M Nazri, Founder and Chairman of AI Venture Portfolio LLP, added, “Our joint efforts with TREO will enable us to drive innovation and harness the transformative power of AI across multiple industries. We are excited about the prospects this partnership holds for fostering sustainable and strategic growth.”
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About TREO Capital
Treo Capital is an independent advisory and investment firm offering strategic, financial, and management services tailored to clients’ goals and challenges. With experience in both mature and immature corporate environments, Treo Capital identifies growth-limiting factors and enhances communication and resource allocation within companies. Serving startups, SMEs, and publicly listed companies, Treo Capital also invests its own capital in ventures, maintaining a growing portfolio.
About AIV50
AIV50, a joint venture between MyFinB Group and VSC Portfolio Holdings, is an AI venture builder specializing in developing and investing in innovative AI-powered ventures. Leveraging proprietary Generative AI technology, AIV50 crafts business plans, recruits talent, and forms founding teams for AI startups. Through Special Purpose Vehicles and SPACs, AIV50 integrates AI ventures with traditional businesses, enhancing efficiency and valuation. Their broad industry focus includes Energy, Healthcare, Financials, and more, driving significant value and impact across sectors.
About Centre for AI Innovation (CEAI), Global
Centre for AI Innovation (CEAI) Global is a leading global company that was established in 2019 with dual-headquarters in Singapore and Malaysia. The company has established strategic partnerships with organizations in more than 20 countries worldwide. The purpose of CEAI Global is to promote inclusivity in knowledge, education, adoption, creation, venturing into AI investments and implementation of AI solutions.
The main goal of CEAI Global is to provide a platform for individuals and organizations to learn, engage and develop skills related to artificial intelligence (AI) and machine learning (ML). The company aims to target 95% of the workforce who are not skilled in AI and ML and non-technical personnel.
MyFinB Group
MyFinB is an award-winning tech company that specializes in artificial intelligence. The company developed its own natural language platform with predictive and prescriptive narrative capabilities – a niche area that differentiates itself from any others. MyFinB helps people understand and communicate what is most important in their data.
