May 20, 2020

AI solutions firm is setting up Singapore HQ

Element AI
AI
1 min
AI solutions firm is setting up Singapore HQ

Montreal – based AI company is setting up an office in Singapore following following a US$102 million investment from some of the biggest names in tech.

Element AI, a research lab and startup incubator says Singapore – with its growing AI presence and sizeable talent pool with serve as the company’s hub for Southeast Asia.

“Besides being a target market for Element AI, Asia is a source of considerable funding. Both Tencent Holdings from China and Hanwha Investment from South Korea are significant investors,” it says in a statement.

Element AI helps companies lacking resources and experience in AI to start using the technology. It was founded by Jean-Francois Gagne and Nicolas Chapados.

The company says it will use funds to accelerate its capabilities and invest in large-scale AI projects globally. 

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