Singtel Innov8, the wholly-owned corporate venture capital arm of the Singtel Group, has announced the launch of a new US$250 million AI Growth Fund to invest in high-growth AI startups globally and accelerate applied AI adoption across the Group.
The fund strengthens Singtel's AI strategy by deepening its role as an adopter, enabler and provider of AI, driving long-term growth across connectivity, digital services and digital infrastructure.
Strategic AI investment
The AI Growth Fund will focus on growth-stage AI companies in areas critical to Singtel Group's future, including customer engagement, network operations, cyber security, IT automation, horizontal enterprise AI platforms and vertical-specific AI solutions.
Beyond capital, Innov8 facilitates active collaboration between portfolio companies and the Group's operating units to test, integrate and scale solutions in real-world environments.
Our AI Growth Fund gives Singtel Group strategic access to transformative AI technologies at a pivotal stage of growth. It also enables us to test, integrate and scale AI innovations across our networks, platforms and digital infrastructure. By investing with clear deployment pathways, we accelerate applied AI adoption for enterprises, governments and consumers across the region.
Half a billion in managed capital
The new fund is in addition to Innov8's existing US$250 million evergreen fund, bringing total managed capital to US$500 million and reinforcing Singtel's sustained commitment to venture investment as a strategic growth lever.
Since Singtel's strategic reset in 2021, Innov8's investments have generated an internal rate of return of 26%.
Three pillars of AI deployment
Innov8's AI Growth Fund is designed to create a pipeline of deployable AI innovation across Singtel Group's operating companies:
Adopter: Singtel Singapore and Optus provide live operating environments to trial and scale AI across customer experience, network management and workflow automation.
Enabler: Digital InfraCo, including Nxera data centres and RE:AI cloud platform, provides the secure, high-performance infrastructure backbone for AI workloads.
Provider: NCS delivers AI-powered solutions to enterprise and government clients across Asia Pacific, turning venture-backed innovation into deployable outcomes.
About Singtel Innov8
Singtel Innov8 is the corporate venture capital arm of the Singtel Group. Since inception, Innov8 has invested in over 60 companies across telecommunications, media, technology and deep tech. With the new AI Growth Fund, Innov8 continues to connect venture innovation with enterprise-scale deployment across one of Asia Pacific's largest telecommunications groups.
