Tech Explained: Here’s a simplified explanation of the latest technology update around Tech Explained: Hartamodal makes strategic investment in Malaysia’s AI solutions firm NEUON AI in Simple Termsand what it means for users..
Hartamodal Sdn Bhd, the Malaysia-based venture capital (VC) arm of boutique asset management firm Tradeview Capital, has announced a strategic investment in NEUON AI Sdn Bhd, a Sarawak-based artificial intelligence (AI) solutions company that has successfully commercialized advanced AI technology across multiple high-impact sectors.
Hartamodal said in a statement on Wednesday that the investment in NEUON AI is made under Hartamodal’s maiden fund, the MYR 70 million ($17.88 million) Dana Impian fund.
Founded in 2018 by three Sarawakian technologists with deep academic credentials in AI research — Dr. Chai Kok Chin, Marcus Chai Koh Kiong, and Dr. Chang Yang Loong, NEUON AI has emerged as a mature, scalable platform company with proven commercial traction.
The company’s flagship AI solution, ROADPLUS — a computer vision–powered road asset management platform, is now actively deployed by government agencies, including Jabatan Kerja Raya Sarawak (JKRS).
“Securing institutional venture capital backing from Hartamodal represents a pivotal milestone in NEUON AI’s growth trajectory,
“By partnering with Hartamodal, whose expertise and long-term fundamental investment approach align closely with our mission, we are accelerating the delivery of home-grown, world-class AI solutions that will redefine Malaysia’s most critical sectors,” said Dr. Chai Kok Chin, Co-Founder and Chief Executive Officer of NEUON AI.
A graduate of the Sarawak Digital Economy Corporation’s (SDEC) Digital Village Accelerator (DiVA) programme with seed grant support, NEUON AI has also achieved proven deployments with major government agencies, including Sarawak Forestry Corporation (SFC) and Institut Sukan Negara (ISN).
“KC and the team excel at translating highly sophisticated academic AI research into real-world, high-impact solutions for the everyday economy at scale,
“Their proprietary technology applications in road asset management, forestry preservation and sports science clearly demonstrate this capability,” said Tan Cheng Wen, Executive Director of Hartamodal.
To date, Hartamodal has deployed MYR 15 million ($3.83 million) investments across three technology startups.
One of the fund’s key objectives is to accelerate the commercialization and nationwide adoption of AI industrial solutions, supporting the deployment of advanced technologies across critical sectors and driving broader adoption of practical, industry-ready innovations.
This follows its backing of health tech platform Connect & Heal back in June 2025, further underscoring Hartamodal’s commitment to supporting Malaysian founders who aim to digitalize the country’s economy and improve living conditions for Malaysians through sustainable innovation and technology-driven solutions.
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