Malaysian drone firm Aerodyne makes strategic investment in AI & data analytics firm Synapse Innovation
(ASEAN Startups) Aerodyne Group, a Malaysia-headquartered drone solutions provider, said Wednesday it has signed an agreement to acquire a principal stake in Malaysia-based artificial intelligence (AI) and data analytics company Synapse Innovation Sdn Bhd.
This investment is engineered to supercharge Aerodyne Group’s prowess in AI and data analytics, as well as strengthen Aerodyne Group’s technology support for its international operations, spanning 35 countries, Aerodyne Group said in a statement.
Synapse’s Chief Executive Officer 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 that focuses on designing and developing machine learning algorithms for cloud-based predictive analytics services for various sectors including agriculture, infrastructure and oil, and gas.
Aerodyne Group said the group together with Synapse will be developing the next generation drone data intelligence platform coupled with smart nested autonomous drone solutions.
Aerodyne Group Founder and Chief Executive Officer Kamarul A Muhamed said that this investment into Synapse is the first of many future mergers and acquisitions (M&As) focusing on enhancing the breadth and depth of the group’s data technology.
“Synapse is perfectly aligned to this vision and has 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,” he added.
Afnizanfaizal Abdullah also 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 to 3 years.
“We are honored 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 with Aerodyne Group. Technologies are meant to be disrupted, and advancing drone intelligence will be an absolute game-changer,” he added.
Aerodyne Group Chief Strategy Officer Amir Zakwan Anuar also said it is inevitable that the 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,” he added.
Aerodyne Group is a DT3 (drone tech, data tech, and digital transformation) drone-based enterprise solutions provider, and a pioneer in the use of artificial intelligence as an enabling technology for large-scale data operations, analytics, and process optimization.
Aerodyne Group employs over 700 drone professionals to operate on an unprecedented level in the UAS services sector, having managed more than 560,000 infrastructure assets and has surveyed over 380,000 km of power infrastructure across 35 countries globally.
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