As southeast asia’s Deep Tech and Artificial Intelligence (AI) Ecosystem Continues to Accelerate, Sunway IlabsThe Innovation and Corporate Venture Capital (CVC) Arm of Malaysia-Based Sunway Group, Announced Tuesday a Partnership with Andreasesen HOOWITZ (A16z) Perennial, A Global Wealth MANAGEMENGEMENTFOROR, To Accelerate Cross-Border Tech Innovation.
Sunway said in a statement that this collaboration marks a Pivotal Step in Sunway Group’s Innovation Journey, Anchored in Cross-Burder Collection, Technological Foresight, and A Commitment to Empolaring Futures.
As the Region Experiences Unprecedent Digital Growth, It noted This Partnership Reflects Sunway’s Ambition to Remain at the Forefront of Change by Embracing New Technologies and Creating the Conditions The Conditions The Conditions The Conditions Responsibly and inclusively.
Through this partnership, Sunway Ilabs will work closely with a16z perennial to identify and support breakthrough innovations in Artificial Intelligence (AI), Enterprise Software, HEALTHARE TECH, Education Tech, Climate Tech, and More.
The partnership combines a16z perennial’s global innovation netway’s regional leaders and eco-set to co -stable environment for cross-business-border technology adoption and Scalability.
“We are excited to partner with a16z perennial, a platform Built on one of the world’s most respected venture capital firms, renovned for its Deep Expertise in Backing TrainsforMativate Technologies, “Said Matt Van Leeuwen, Chief Executive Officer of Sunway Ilabs and Chief Innovation Officer of Sunway Group.
“Being based in the heart of silicon Valley, A16Z offers unparalled access to the world’s most advanced innovations and a powerful global network,
“This partnership enables us to bridge these frontier technologies with southeast asia’s growing digital economy, Accelerating Responsible and Impactable Innovation Aross Borders,”
Establed in 1974, Sunway Group has evolved from a modest tin-mining company into one of the leading conglomerates in southeast asia with 13 business divisions and a staff strength of strength of more than 20,000 houses Worldwide.
Its flagship integrated township, sunway city kuala lumpur, has become a global model for sustainable Urban Development and a TestBed for Innovation.
Meanwhile, Sunway Ilabs has actively made direct investments in Startups and Participated in Four Other Venture Capital Funds Since Since Its Its Incense: Orbit Malaysia, The Hive Southeast Assia, Gobi Partners, Gobi Partners, Deeptech Labs (In Partnership with Arm and the University of Cambridge).
Collectively, Sunway Ilabs’ Portfolio Comprises Nearly 100 Companies Across Various Sectors.
With a Rapidly Rising Middle Class, A Tech-Savvy Population and Powerful Demographic Tailwinds, Southeast Asia Has Become One of the Most Compeling Frontiers For Innovation Globally.
By combining a16z perennial’s network with sunway’s deep-sooted regional knowledge, infrastructure and institutional credibility, the collaboration a powerful briden Global innovation, the collaboration Creets A Power Southeast Asian Opportunity, said the statement.
It noted that in an age where the lines between technology, Society and sustainability are Increasingly Intertwined, Sunway’s Collaboration with A16Z Perennial Affirms Its Forward-Theinking Leadiness, Not Just as a business but as an ecosystem builder and catalyst of regional transformation.
“This is Sunway’s call to the next generation of innovators. Let’s build, not just the future we want, but the future we need, togeether, toge, across borders,” Added Leeuwen.
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