VCI Global Expands AI Portfolio with Strategic Investment in Innovative AI Agents Startup - Marvis
Monday, Dec 30, 2024 8:56 am ET
5min read VCI Global Limited (NASDAQ: VCIG), a diversified holding company headquartered in Kuala Lumpur, Malaysia, has announced a strategic investment in Marvis Inc., an innovative AI startup specializing in advanced digital clone AI technology. This investment, made through a Simple Agreement for Future Equity (SAFE), reinforces VCI Global's commitment to expanding its AI portfolio and fostering innovation in emerging technologies.
Marvis, founded and led by serial entrepreneur Masaaki Hatano, is pioneering the development of AI digital clone 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. Marvis is currently raising up to US$5 million in its seed funding round, with a valuation cap of US$30 million.
The global AI agents market is projected to reach over US$55 billion by 2030, growing 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.
Marvis has secured strategic partnerships with leading companies such as Toshiba Tec Malaysia, Hitachi Global, and NTT Data Group, further bolstering its potential for widespread adoption and large-scale implementation. Prominent advisors such as Google LLC, Intel Corporation, and International Business Machines (IBM) Corporation, alongside Techstars, have expressed strong interest in supporting Marvis' vision.
Dato’ Victor Hoo, Group Executive Chairman and Chief Executive Officer of VCI Global, stated, "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."
Masaaki Hatano, Co-CEO of Marvis, added, "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."
VCI Global's investment in Marvis aligns with its strategy to expand its AI portfolio and capitalize on the growing demand for automation and AI-driven solutions. By investing in innovative startups like Marvis, VCI Global is positioning itself as a leader in the AI agents market and driving growth and transformation on a global scale.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
