KUALA LUMPUR: Zetrix AI Bhd., a publicly traded Malaysian provider of digital infrastructure, raised about US$40 million from the World Bank’s investment arm and is preparing to list its artificial intelligence unit on Nasdaq by year-end.
The equity injection from the International Finance Corp. will be used to expand access to digital infrastructure across Malaysia, Southeast Asia and other emerging markets, Zetrix said Wednesday.
Digital public infrastructure — foundational systems that allow citizens, businesses and governments to access essential services securely and efficiently — is being reshaped by advances in AI. Zetrix plays a role in providing such infrastructure in Malaysia.