Skymind Global Ventures to open London office as it launches $800m AI fund

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by David Prior

Skymind Global Ventures, which calls itself the world’s first dedicated AI ecosystem builder, is to open a London office after announcing the launch of an $800million fund to back proming AI companies and academic research.

Originally founded in Hong Kong, Skymind helps companies and organisations launch their AI applications by providing supported access to Eclipse Deeplearning4j, an open-source AI tool.

Skymind and Eclipse Deeplearning4j co-founder, Adam Gibson, has joined SGV as Vice President to run its software division, Konduit, which commercializes the Deeplearning4j open-source tools.

Skymind says it plans to train up to 200 AI professionals for its operations in London and Europe.

Shawn Tan, founder and CEO, said: "Having our operations in the UK capital is a strategic move for us. London has all the key factors to help us grow our business, such as access to diverse talent and investment, favorable regulation, and a strong and well-established technology hub.

"The city is also the AI growth capital of Europe with the added competitive advantage of boasting a global friendly time zone that overlaps with business hours in Asia, Europe and the rest of the world.”