Ms. Pailin Vichakul, Chief Investment Officer (CIO) of SCB 10X Co., Ltd., under the SCBX Group, stated that SCB 10X has announced its entry into a strategic partnership with AI2 Incubator through a co-investment in Fund III worth USD 80 million. This is aimed at driving global AI innovation and connecting Thailand’s innovation ecosystem with one of the world’s leading AI startup development centers.
AI2 Incubator, based in Seattle, Washington, will utilize Fund III to create 70 Applied AI startups over the next five years. This move marks a significant step in international collaboration for AI technology investments, with strategic partners from countries such as Thailand, Japan, and the United States. This strategic investment aims to propel world-class AI innovation.
SCB 10X’s investment in the AI2 Incubator Fund III reflects the organization’s mission to seek and support transformative technologies that will play a crucial role in advancing the future of financial services and digital innovation in Southeast Asia. AI2 Incubator has thrived on Seattle’s robust AI ecosystem, merging world-class research and personnel from top tech companies with technical advisory and entrepreneurship from the management team, helping startup founders develop their early-stage ideas and accelerate their path to commercial success.
Mr. Jacob Colker, Co-Founder and Managing Director of AI2 Incubator, stated that AI has now become a major driving force in technology. He added that the company’s startup incubation model offers more than just funding—combining deep research, technical infrastructure, and real-world commercial development experience. AI2 Incubator’s goal is to build sustainable AI companies that solve real problems for the world.
Since its founding in 2015, AI2 Incubator has focused on translating cutting-edge AI research into real businesses, continuously producing standout achievements. Over 90% of its startups have successfully raised further funding, and more than 24% have been acquired by other companies. Successful startups include XNOR (acquired by Apple), Lexion (acquired by DocuSign), and Materia (acquired by Thomson Reuters).
