KUALA LUMPUR, Malaysia, Oct. 01, 2024 (GLOBE NEWSWIRE) — VCI International Restricted (NASDAQ: VCIG) (Frankfurt: H0T) (“VCI International” or the “Firm”) at the moment introduced a brand new funding dedication of US$30 million from Alumni Capital LP (“Alumni Capital”). Following an earlier funding of US$5 million from Alumni Capital, this extra US$30 million, in alternate for VCI International frequent shares, will reinforce VCI International’s strategic push into its AI cloud computing enterprise, significantly for its deliberate developments within the second quarter of 2025. VCI International retains the correct, however isn’t obligated, to attract on this quantity, offering the Firm with the flexibleness to entry the funds as wanted, whereas preserving the choice to forgo the drawdown if different assets turn out to be out there or circumstances change.
With an authorised capital infusion of US$30 million, VC AI Restricted (“VC.AI”), a brand new subsidiary of VCI International, will likely be launching the AI Computing Heart (AICC) in Malaysia. This computing heart, geared up with 512 NVIDIA H200 Tensor Core GPUs, is estimated to rank among the many prime 30 globally, enabling the environment friendly processing of huge quantities of information at excessive speeds—important for generative AI and high-performance computing functions.
“We’re assured that this US$30 million funding from Alumni Capital will considerably empower our strategic progress in AI cloud computing. It permits us to ascertain a world-class AICC in Malaysia, serving shoppers globally, particularly in Southeast Asia. We’re totally dedicated to leveraging these assets to foster innovation and advance the AI panorama,” stated Dato’ Victor Hoo, Group Govt Chairman and Chief Govt Officer of VCI International.
About VCI International Restricted
VCI International is a diversified holding firm headquartered in Kuala Lumpur, Malaysia. The Firm operates by way of 5 core companies: Capital Market Consultancy, Fintech, Actual Property, AI & Robotics, and Cybersecurity. In Capital Market Consultancy, we offer IPO options, investor relations (IR) and public relations (PR) consultancy, and M&A consultancy. Our Fintech arm provides a proprietary financing platform. In Actual Property, we provide specialised actual property consultancy companies. The AI enterprise delivers GPU servers, GPU cloud computing companies, AI and huge language mannequin (LLM) options, whereas the Robotics section focuses on post-harvest robotics methods. Our Cybersecurity section gives complete cybersecurity consultancy companies and options. Dedicated to fostering innovation and delivering distinctive worth, VCI International has established a powerful presence throughout the Asia-Pacific area, the USA, Europe, and the Center East, driving progress and transformation on a world scale.
For extra info on the Firm, please go browsing to https://v-capital.co/.
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