NexMind, a Malaysian startup that operates an AI-powered multilingual digital market platform, has announced raising an undisclosed amount in its seed funding round from Silicon Valley venture capital investor 500 Global.
The fresh funding will be used to expand its product offerings and further acquire customers worldwide, according to the announcement.
Founded in 2019, NexMind provides advanced SEO tools that allow users to create search-optimised content in 17 languages, including Bahasa Indonesia, Bahasa Malaysia, English, French, German, Italian, Japanese, Korean, Portuguese, Russian, Spanish, Tagalog, Thai, and Vietnamese.
The startup, co-founded by Francis Lui (Chief Executive Officer), Bernie Law (Chief Product Officer), and Pattrine Hong (Chief Financial Officer), said it does this through its proprietary AI framework.
With the funding, NexMind also launched Text2Social, which allows users to generate social media posts across multiple channels with just one click.
The startup said its users are from global and regional companies across multiple industries, including banking, insurance, electronics, security, IT, telecommunication, construction, transport, healthcare, and more.
“Our focus is to help business teams generate more leads, increase brand awareness, and enhance their productivity through advanced yet intuitive AI tools,” Lui said.
The funding comes as Malaysian startups continue to struggle to attract funding from venture investors. In August, Malaysia recorded a modest funding activity with two deals amounting to just $110,000, according to proprietary data compiled by DealStreetAsia.
SOUTHEAST ASIA DEAL MONITOR
DealStreetAsia has put together a table listing prominent venture capital transactions in Southeast Asia for the week starting September 25, 2023.
