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On Tue, 31 Dec, 12:02 AM UTC
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VCI Global invests in AI startup Marvis Inc. By Investing.com
KUALA LUMPUR - VCI Global Limited (NASDAQ:VCIG), a diversified holding company with impressive gross profit margins of 71% and strong revenue growth of 89% over the last twelve months, has announced its subsidiary VC AI Limited's investment in Marvis Inc., a Delaware-based AI startup. The investment, made through a Simple Agreement for Future Equity, entitles VC.AI to receive equity in Marvis's next financing round, which is currently capped at a $30 million valuation. According to InvestingPro data, VCIG maintains a healthy financial position with a current ratio of 5.58, indicating strong liquidity to support such strategic investments. Marvis Inc. specializes in creating digital clone AI agents designed to automate routine tasks, thereby enhancing productivity and innovation. The company, founded by Masaaki Hatano, has garnered attention from notable advisors including Google (NASDAQ:GOOGL) LLC, Intel Corporation (NASDAQ:INTC), and IBM (NYSE:IBM), as well as interest from Techstars. Marvis aims to go public on NASDAQ by 2028, targeting a market capitalization of $20 billion. In the meantime, it is in the process of raising up to $5 million in its seed funding round. The investment by VC.AI aligns with VCI Global's strategy to expand its AI portfolio and capitalize on the rapidly growing AI agents market, which according to Markets and Markets, is projected to surpass $55 billion by 2030 with a CAGR of approximately 45%. The company's strategic position is further strengthened by partnerships with Toshiba (OTC:TOSYY) Tec Malaysia, Hitachi (OTC:HTHIY) Global, and NTT Data Group, suggesting a promising trajectory for widespread adoption. InvestingPro analysis indicates that VCIG is currently trading below its Fair Value, presenting a potential opportunity for investors interested in the AI sector. The investment reflects VCI Global's commitment to fostering innovation within its AI and Robotics segment, as part of its broader business interests that also include Capital Market Consultancy, Fintech, Real Estate, Renewable Energy, and Cybersecurity. Discover more insights about VCIG and other AI companies with InvestingPro's comprehensive research reports, available for over 1,400 US-listed companies. Dato' Victor Hoo, Group Executive Chairman and CEO of VCI Global, expressed confidence in the potential of AI agents and the company's investment strategy to position VCI Global at the forefront of this transformative technology. The company's solid financial foundation, with minimal debt and strong cash flows, supports its ambitious growth plans in the AI sector. This news article is based on a press release statement. In other recent news, VCI Global Limited has announced a series of strategic initiatives and partnerships. The company plans to acquire and develop solar photovoltaic projects with a total capacity of up to 100MW across Southeast Asia and Europe. The five-year initiative is expected to generate around $200 million in revenue over two decades. The company also secured a $24 million contract to provide AI hardware and software for a data center project in Malaysia, awarded by Hexatoff Group Sdn. Bhd. Furthermore, through its subsidiary, V-Gallant, VCI Global won a $16 million contract to build an AI-enabled live streaming platform for a Malaysian e-commerce company. Additionally, VCI Global appointed Victor Lee as its new executive director, bringing his 28 years of experience in the private equity sector to the company. In terms of financial developments, the company concluded its At-The-Market equity offering program, raising approximately $1.77 million, and secured an $18 million contract to list four Malaysian companies on the Nasdaq stock exchange. These are recent developments in the company's ongoing growth and transformation journey. Lastly, VCI Global, through its subsidiary V Gallant Sdn Bhd, is now offering advanced AI computing solutions, integrating NVIDIA (NASDAQ:NVDA) H200 Tensor Core GPUs and AI software to enhance operational efficiency. This initiative underscores the company's commitment to innovation and value delivery on a global scale.
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VCI Global Expands AI Portfolio with Strategic Investment in Innovative AI Agents Startup - Marvis - VCI Global (NASDAQ:VCIG)
KUALA LUMPUR, Malaysia, Dec. 30, 2024 (GLOBE NEWSWIRE) -- VCI Global Limited VCIG ("VCI Global," or the "Company"), today announced that its investment holding arm for artificial intelligence (AI) portfolios, VC AI Limited ("VC.AI") has invested in Marvis Inc., a Delaware corporation ("Marvis"), an innovative AI startup company, pioneering advanced digital clone AI technology. This investment was made through a Simple Agreement for Future Equity (SAFE), which provided VC.AI to receive Marvis' equity in the next financing round. The current seed funding round is capped at a valuation of US$30 million. This investment reinforces VCI Global's commitment to expanding its AI portfolio and fostering innovation in emerging technologies. Marvis specializes in harnessing proprietary AI models to create advanced AI digital clone agents ("AI agents") that automate and replicate routine tasks. By offloading repetitive work to these AI agents, users can concentrate on higher-value, strategic initiatives, thereby boosting productivity and driving innovation. Founded and led by Masaaki Hatano, a serial entrepreneur with a proven track record -- including the recent sale of DFA Robotics KK for over JPY 3.5 billion, delivering a remarkable 126x return for early investors. Prominent advisors such as Google LLC, Intel Corporation, and International Business Machines (IBM) Corporation, alongside Techstars, have expressed strong interest in supporting Marvis' vision. Operating in November 2024, Marvis plans to list on NASDAQ in 2028, with a market capitalization of US$20 billion. Marvis is currently raising up to US$5 million in its seed funding round, presenting a compelling opportunity for investors. According to Markets and Markets, the global AI agents market size was valued to reach over US$55 billion in 2030 and is expected to grow at a CAGR of around 45% from 2024 to 2030. This rapid growth is being driven by increasing demand for automation, advancements in Natural Language Processing (NLP), and a rising need for personalized customer experiences. Marvis is strategically positioned to capitalize on this trend, offering an affordable and accessible alternative to traditional Robotic Process Automation (RPA) solutions. Furthermore, strategic partnerships with leading companies such as Toshiba Tec Malaysia, Hitachi Global, and NTT Data Group further bolster Marvis' potential for widespread adoption and large-scale implementation. "This is just the beginning for Marvis, the AI agents set to transform the world. By 2028, Marvis will empower humanity to break free from both digital and physical tasks, offering unprecedented relief and freedom," said Masaaki Hatano, Co-CEO of Marvis. "We see 2025 as the year of AI agents and are fully committed to capitalizing on this dynamic industry. We look forward to investing in innovative AI startups, positioning VCI Global at the forefront of this transformative technology," said Dato' Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global. About VCI Global Limited VCI Global is a diversified holding company headquartered in Kuala Lumpur, Malaysia. The Company operates through five core businesses: Capital Market Consultancy, Fintech, Real Estate, AI & Robotics, Renewable Energy and Cybersecurity. In Capital Market Consultancy, we provide IPO solutions, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm offers a proprietary financing platform. In Real Estate, we offer specialized real estate consultancy services. The AI business delivers GPU servers, GPU cloud computing services, AI and large language model (LLM) solutions, while the Robotics segment focuses on post-harvest robotics systems. Our Cybersecurity segment provides comprehensive cybersecurity consultancy services and solutions. Committed to fostering innovation and delivering exceptional value, VCI Global has established a strong presence across the Asia-Pacific region, the United States, Europe, and the Middle East, driving growth and transformation on a global scale. For more information on the Company, please log on to https://v-capital.co/. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ("SEC"). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law. CONTACT INFORMATION: For media queries, please contact: Landon Capital info@landoncapital.net Market News and Data brought to you by Benzinga APIs
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VCI Global Limited invests in Marvis Inc., an AI startup specializing in digital clone AI agents, through its subsidiary VC AI Limited. The investment aligns with VCI Global's strategy to expand its AI portfolio and capitalize on the growing AI agents market.
VCI Global Limited (NASDAQ:VCIG), a diversified holding company, has announced a strategic investment in Marvis Inc., a Delaware-based AI startup, through its subsidiary VC AI Limited. The investment, made via a Simple Agreement for Future Equity (SAFE), entitles VC.AI to receive equity in Marvis's next financing round, which is currently capped at a $30 million valuation 12.
Marvis Inc., founded by serial entrepreneur Masaaki Hatano, specializes in creating digital clone AI agents designed to automate routine tasks, thereby enhancing productivity and innovation. The company has garnered attention from notable advisors including Google LLC, Intel Corporation, and IBM, as well as interest from Techstars 12.
The investment aligns with VCI Global's strategy to expand its AI portfolio and capitalize on the rapidly growing AI agents market. According to Markets and Markets, this market is projected to surpass $55 billion by 2030, with a CAGR of approximately 45% 12. Marvis aims to go public on NASDAQ by 2028, targeting a market capitalization of $20 billion 1.
VCI Global has been actively expanding its AI initiatives:
Financially, VCI Global maintains a strong position with impressive gross profit margins of 71% and revenue growth of 89% over the last twelve months. The company's current ratio of 5.58 indicates strong liquidity to support strategic investments 1.
Marvis is currently raising up to $5 million in its seed funding round. The company's strategic position is strengthened by partnerships with Toshiba Tec Malaysia, Hitachi Global, and NTT Data Group, suggesting promising potential for widespread adoption 12.
Dato' Victor Hoo, Group Executive Chairman and CEO of VCI Global, expressed confidence in the potential of AI agents and the company's investment strategy. He stated, "We see 2025 as the year of AI agents and are fully committed to capitalizing on this dynamic industry" 2.
The investment in Marvis Inc. reflects VCI Global's commitment to fostering innovation within its AI and Robotics segment, as part of its broader business interests that also include Capital Market Consultancy, Fintech, Real Estate, Renewable Energy, and Cybersecurity 12.
VCI Global's subsidiary, V Gallant, wins a $16 million contract to develop an AI digital human-enabled live-streaming platform for a Malaysian e-commerce company, marking a significant advancement in AI-driven e-commerce solutions.
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VCI Global's subsidiary V-Gallant receives a $24 million contract to supply AI hardware and software for a data center project in Malaysia, including 640 NVIDIA H200 Tensor Core GPUs.
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VCI Global Limited has joined the AI Computing Alliance (AICA) to build an AI computing center in Malaysia. The alliance, led by Enlight Corporation and Supermicro, aims to develop AI infrastructure and promote technological innovation.
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VCI Global's AI subsidiary, AICC, makes a significant $25 million investment in AI infrastructure, purchasing 64 Supermicro servers equipped with 512 NVIDIA H200 Tensor Core GPUs to enhance its AI cloud capabilities.
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VCI Global's subsidiary VC AI Limited has secured a $12 million contract with Datanex to provide AI-driven digital marketing solutions, marking a significant step in the company's AI strategy.
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