Aerodyne Group, has signed an agreement to acquire a principal stake in Malaysia-based AI and Data Analytics company, Synapse Innovation Sdn Bhd.
The undisclosed investment amount into the ai and data analytics company is aimed to accelerate the group’s developmen in the field, as well as strengthening its technology support for its international operations, spanning 35 countries. Synapse’s CEO, Dr. Afnizanfaizal Abdullah, who is a prominent AI scientist in Malaysia, will continue to lead the company and remain as a shareholder in the business Headquartered in Johor, Malaysia, Synapse is an AI and Data Analytics company which focuses on designing and developing machine learning algorithms for cloud-based predictive analytics services for various sectors including Agriculture, Infrastructure and Oil and Gas.
Both parties will work together in developing the next generation drone data intelligence platform coupled with smart nested autonomous drone solutions.
Aerodyne Group Founder and CEO, Kamarul A Muhamed said, “This investment into Synapse is the first of many future M&As focusing on enhancing the breadth and depth of our second DT pillar (Data Technology). Synapse is perfectly aligned to this vision and have the expertise to contribute to this agenda. Aerodyne Group also intends to accelerate Synapse’s growth plans exponentially under its technology ecosystem building agenda to champion Malaysian technology.” Dr. Afnizanfaizal expressed excitement regarding the next phase of Synapse being an Aerodyne Group backed company to help accelerate its scale-up plans to grow its operations from 30 data scientists to 500 AI engineers and data scientists within 2- 3 years.
“We are honoured for Synapse to have been given the trust by Aerodyne Group to push technological boundaries using our AI and data technology expertise, accelerating Synapse’s growth through this synergistic partnership. Technologies are meant to be disrupted, and advancing drone intelligence will be an absolute gamechanger,” said Dr. Afnizanfaizal.
Aerodyne Group Chief Strategy Officer, Amir Zakwan Anuar concluded , “It is inevitable that augmentation of AI will reinvent possibilities and solidify the foundation of Aerodyne Group’s future. Through this investment into Synapse, Aerodyne Group will reinforce its competitive edge as the top ranked drone technology company in the world, strengthening its position for an international public listing within the next few years.”
