Beacon Venture Capital (Beacon VC), the corporate venture capital arm of KASIKORNBANK, has jointly invested more than USD10 million in the Series B of WIZ.AI, a Singapore-based AI startup and a leader in applying large language models (LLMs) for enterprises across Southeast Asia. The investment is supported by the SMBC Asia Rising Fund, a co-investment fund of Japan's Sumitomo Mitsui Banking Corporation (SMBC) and SMIC SG Holdings, a subsidiary of SM Investments Corporation, as well as existing
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