Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
CEO ReviewCompany Review

The Silicon Review Asia

Aicadium Announces Acquisition of BasisAI

Aicadium Announces Acquisition of BasisAI

Temasek-founded Aicadium announces acquisition of BasisAI

Temasek-founded Aicadium has announced the acquisition of BasisAI, the provider of AI software. Post the acquisition, both organizations will be known as Aicadium.

The acquisition will mean that Aicadium will have expanded operations to serve a global customer base.

"This acquisition allows us to accelerate our growth strategy, broaden our reach and expand our offering that is built on the strong foundation of a powerful AI platform and a combined team of talent. We are excited to be joining forces with Aicadium to augment our strength in building responsible AI systems," said Mr. Liu Feng-Yuan, Co-founder and Chief Executive Officer of BasisAI, who will assume an executive leadership position at Aicadium together with fellow BasisAI Co-founder Linus Lee.

Founded in 2018, BasisAI was co-founded by Liu Feng-Yuan, Linus Lee, and Silvanus Lee with the intent of deriving experience in building scalable AI from the Silicon Valley companies. The company wanted to build an AI powerhouse in the Asia-Pacific. The company raised $6 million in seed funding from Temasek.

BasisAI has deployed solution for DBS, UOB, OCBC, ComfortDelGro, the Singapore government, and Singapore Airlines. It has also partnered with Accenture, PwC, and AWS.

The acquisition by Temasek-founded Aicadium will mean that the two companies' combines efforts will deliver end-to-end AI solutions for enterprises.


Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...