Singapore Telecommunications (Singtel) Corporate Venture Innov8 Launches $250 Million AI Growth Fund to Invest in High-Growth AI Startups Critical to Singtel Group Future, Including in Customer Engagement, Network Operations, Cyber Security, ItT Automation, Horizontal Enterprise AI Platforms & Vertical-Specific AI Solutions, Innov8 Total Managed Capital Increased to $500 Million & Generated 26% IRR Since Strategic Reset in 2021
15th March 2026 | Hong Kong
Singapore Telecommunications (Singtel) corporate venture Innov8 has launched a $250 million AI Growth Fund to invest in high-growth AI startups critical to Singtel Group future including in customer engagement, network operations, cyber security, IT automation, horizontal enterprise AI platforms and vertical-specific AI solutions. Innov8 total managed capital increased to $500 million, and has generated 26% IRR since strategic reset in 2021. Innov8 – Established in 2010, Innov8 is one of Southeast Asia’s earliest and most active corporate venture capital firms, with over 120 investments globally. It connects startups with cutting edge technologies from global innovation hubs with Singtel Group to drive long-term strategic value. Some of Innov8’s successful investments include Arista Networks, Carro, Endowus, Jasper, Ruckus Wireless, Shape Security and Shopback.
“ Singapore Telecommunications (Singtel) Corporate Venture Innov8 Launches $250 Million AI Growth Fund to Invest in High-Growth AI Startups Critical to Singtel Group Future, Including in Customer Engagement, Network Operations, Cyber Security, ItT Automation, Horizontal Enterprise AI Platforms & Vertical-Specific AI Solutions, Innov8 Total Managed Capital Increased to $500 Million & Generated 26% IRR Since Strategic Reset in 2021 “
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Edgar Hardless, CEO of Singtel Innov8: “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 … … 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 … … The new fund is in addition to Innov8’s existing US$250 million evergreen fund. This brings the total managed capital to US$500 million and reinforces 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% … … Unlocking AI’s full potential requires more than capital. It needs a vibrant, collaborative ecosystem where innovation can truly thrive. This initiative underscores the Group’s mission of empowering enterprises, governments and consumers with world-class digital and AI capabilities, reinforcing Singapore’s and the region’s position as a global hub for responsible and cutting-edge AI innovation.”
Innov8 – Established in 2010, Innov8 is one of Southeast Asia’s earliest and most active corporate venture capital firms, with over 120 investments globally. It connects startups with cutting edge technologies from global innovation hubs with Singtel Group to drive long-term strategic value. Some of Innov8’s successful investments include Arista Networks, Carro, Endowus, Jasper, Ruckus Wireless, Shape Security and Shopback.
Singapore Telecommunications (Singtel) Corporate Venture Innov8 Launches $250 Million AI Growth Fund to Invest in High-Growth AI Startups Critical to Singtel Group Future, Including in Customer Engagement, Network Operations, Cyber Security, ItT Automation, Horizontal Enterprise AI Platforms & Vertical-Specific AI Solutions, Innov8 Total Managed Capital Increased to $500 Million
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