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<\/span><\/figcaption><\/figure>NEW DELHI: Singtel<\/a> Tuesday said it will invest an additional $100 million into its corporate venture arm, Singtel Innov8<\/a>, raising its total capital commitment to $350 million.

With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, the United States, China, Israel, and Australia, as per an official statement.

The corporate arm invests in technology startups<\/a> that align with the Singtel Group businesses in the areas of 5G<\/a>, Artificial Intelligence<\/a>, the digital economy<\/a>, sustainability, cyber security<\/a>, and emerging technologies.

“This capital infusion is meant for identifying and growing innovative start-ups with new technologies and capabilities that are synergistic and in lockstep with Singtel’s strategic reset to drive greater improvements in our core operations, accelerate our new growth engines, and place us at the forefront of new and fast-evolving areas,” said Yuen Kuan Moon, Group Chief Executive Officer of Singtel and Chairman of Singtel Innov8.

\"Singtel<\/a><\/figure>

Singtel to offload U.S. digital marketing unit for $239 million<\/a><\/h2>

The unit, which Singtel bought in 2012 for $321 million, also reported negative core earnings in the second half due to weaker advertising revenue.<\/p><\/div>

\"\"
<\/span><\/figcaption><\/figure>NEW DELHI: Singtel<\/a> Tuesday said it will invest an additional $100 million into its corporate venture arm, Singtel Innov8<\/a>, raising its total capital commitment to $350 million.

With the capital injection, Innov8 will further expand its portfolio of investments in Southeast Asia, the United States, China, Israel, and Australia, as per an official statement.

The corporate arm invests in technology startups<\/a> that align with the Singtel Group businesses in the areas of 5G<\/a>, Artificial Intelligence<\/a>, the digital economy<\/a>, sustainability, cyber security<\/a>, and emerging technologies.

“This capital infusion is meant for identifying and growing innovative start-ups with new technologies and capabilities that are synergistic and in lockstep with Singtel’s strategic reset to drive greater improvements in our core operations, accelerate our new growth engines, and place us at the forefront of new and fast-evolving areas,” said Yuen Kuan Moon, Group Chief Executive Officer of Singtel and Chairman of Singtel Innov8.

\"Singtel<\/a><\/figure>

Singtel to offload U.S. digital marketing unit for $239 million<\/a><\/h2>

The unit, which Singtel bought in 2012 for $321 million, also reported negative core earnings in the second half due to weaker advertising revenue.<\/p><\/div>