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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
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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
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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
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.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
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.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%
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. Marvis aims to go public on NASDAQ by 2028, targeting a market capitalization of $20 billion1
.VCI Global has been actively expanding its AI initiatives:
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.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
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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
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.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"
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.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
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.Summarized by
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