AdminAntsBees Sdn Bhd, a leading provider of artificial intelligence (AI) and robotics automation solutions, is boldly positioning itself in Industry 5.0. The company is currently extending investment opportunities of up to RM4 million to tech start-ups aiming for operational growth. The company’s visionary approach aims to foster growth and innovation within the tech sector while solidifying its position as a tech-conglomerate of choice.
“We are keen to extend our expertise and platforms to start-up companies and extend financial aid to grow together. Having been in the market and enabling digital transformation for organizations, we would like to invest in or acquire new businesses related to Industry 4.0 and in doing so, further strengthen our position towards becoming a stronger tech-conglomerate,” stated Dr. Priscilla Prasena, Group Chief Executive Officer (CEO) of AntsBees Sdn Bhd — IR 4.0 group of companies.
Founded in 2012, AntsBees has a proven history of successful collaboration with start-ups, yielding mutual benefits for both parties involved. An exemplar of this success story is the company’s acquisition of PERPETUUTI, an AI solutions provider. The fruitful five-year collaboration has seen remarkable growth and achievements.
“It is part of our company’s vision to create a technology and innovation ecosystem, and we achieve this by helping organizations adapt to the evolving world around them through our innovative product suites and platforms,” said Priscilla, underlining her commitment to driving innovation and transformation.
Fostering AI ecosystem through start-ups
Priscilla, also the CEO of Prestine International, has strategically taken on this role to enhance AI, digitalization, and manufacturing initiatives in the APAC region. Her vision includes the establishment of an AI ecosystem that aligns with AntsBees’ sustainability objectives. The company’s overarching mission is to provide robust technological infrastructure to the broader community.
“As this is the case, we tend to favor start-ups that are focused on the industries of education, health-tech, or any field that could contribute to the AI technology ecosystem,” Priscilla emphasized, highlighting her expertise in organizational transformation as a catalyst for the company’s strategic alignment.
Currently valued at RM80 million, AntsBees boasts four subsidiaries: Prestine International, which specializes in AI and Manufacturing Science skilled courses; Votratec, a technical and vocational education and training (TVET) college; PERPETUUTI, the AI solutions provider; and MYCoachingHub, a sports analytics center. This diverse portfolio reflects the company’s commitment to various sectors of technological advancement.
Towards listing and international presence
AntsBees has its sights set on listing on the Ace Market of the Singapore Stock Exchange as part of its future plans. The company’s IPO proceeds will be channeled towards covering working capital, expansion initiatives, and development needs. Priscilla elaborated, “By going public, we believe there is much to gain. There would be better regulation of the company, increased liquidity, a higher level of confidence for our investors, and naturally, much better visibility in the market.”
Moreover, AntsBees is actively working towards establishing its Asia Pacific (APAC) hub in Singapore by September 2023, while simultaneously preparing for the opening of its headquarters in the United States of America by October of the same year.
Priscilla underscores AntsBees’ unwavering commitment to overcoming challenges and making a significant impact in the market. The company’s dedication to delivering value to its customers is mirrored in its robust financial standing. AntsBees boasts a Center of Excellence and a Research and Development Center for AI skills, which serve as integral components of its value proposition.
“We are rooted in our AI and Robotics Process Automation expertise and we have been proving success competing with larger technological giants. As we grow, we will continue to prove ourselves — first within the APAC region, and then of course globally,” Priscilla confidently concludes. With its resolute dedication to innovation and expansion, AntsBees is poised to realize its vision of becoming a global tech leader in Industry 5.0.
CJMY
