Jasper secures S$9M investment for AI digitalisation for maritime operations

Jasper Investments Limited has recently secured a hefty investment of over S$9 million to drive innovation within the maritime industry.

Led by Dennis Goh, the company’s executive chairman and CEO, this funding will fuel the expansion and development of artificial intelligence driven digitalisation tailored for maritime operations. Singapore Business Review reported that the funding was finalised through placement agreements on June 6. Through subscription agreements, the company is set to issue more than 6.2 billion new ordinary shares, each priced at S$0.0015.Mr Goh and Osith Ramanathan, Independent Directors, have personally invested S$2 million and S$0.25 million, respectively, into the company.

Mr Goh’s investment also includes an additional S$0.25 million facilitated through a convertible loan note in October 2023. Both Mr Goh and Mr Ramanathan have converted their directors’ fees into new ordinary shares, cementing their dedication to Jasper’s growth trajectory.In addition, strategic collaborations with Prosper Excel Engineering and Lyte Ventures have been announced to integrate revenue-generating marine assets and leverage advanced fintech solutions.

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Jasper Investments secures over $9m investmentpstrongIt will boost the group's core business expansion and develop AI-enabled digitalisation for the maritime sector./strong/p pJasper Investments Limited has successfully secured more than $9m from strategic investors to drive innovation in the maritime sector.
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