Beyond Limits secures US$133 million investment to globally expand AI technology

KUALA LUMPUR, Sept 23 -- Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding sectors, including energy, utilities and healthcare, has announced a milestone Series C funding round with US$113 million closed and another approximately US$20 million committed. (US$1 = RM4.135)

This round is led by Group 42, a prominent AI and cloud computing company, and bp ventures, an existing two-time investor and customer of the company.

“Today, we are seeing unprecedented, worldwide demand for systems that go beyond the limitations of conventional AI,” said Beyond Limits Chief Executive Officer and Founder, AJ Abdallat.

“Our cognitive software has the ability to understand situations and place problems in real-world contexts as well as to learn over time.”

Beyond Limits’ Cognitive AI applies human-like reasoning to solve problems, much like how humans form conclusions using inference and logic, according to a statement.

This unique approach combines encoded human knowledge with available data sources, allowing systems to adapt and continue to operate in situations where data may be in short supply or missing altogether.

The US$133 million funding will be used to expand Beyond Limits’ business both in the United States and abroad, including the launch of Beyond Limits Asia, with regional headquarters in Singapore and operations in Hong Kong, Taipei and Tokyo and further expansion across Europe, the Middle East, Africa and Asia. 

More details at www.beyond.ai.

-- BERNAMA