Skymind, which bills itself as the world’s first dedicated AI ecosystem builder, is focusing on the UK with its $800 million AI investment fund. Although the fund is global, the restrictions of the Covid-19 pandemic meant that much of the focus was geographically near the Malaysian base of its leadership team. However, having announced their first investments earlier this year, they are looking at the UK for their future investments and the future of AI.
Who are Skymind?
Shawn Tan, Skymind’s CEO, sees the company as offering a very different approach to the traditional investment approach. The company is involved in AI itself, with its own open-source enterprise software. Despite only being launched in 2020 Tan proudly tells UKTN, “over half of all Fortune 500 companies are using Skymind open-source software to launch AI innovations.”
The company uses its knowledge and experience in AI to offer more than just venture capital. “We provide deep operational support and market access to our portfolio companies,” Tan explains. The approach is perhaps more akin to a…
