$100 million investment in Smart Cities

GBCI will go through mergers and acquisitions in its ecosystem to put together the smart city

Singapore-based GBCI Ventures (GBCI) has announced a USD$100 million smart city development fund, which will be directed towards a variation of technologies from artificial intelligence (AI), robotics, big data, IoT, to virtual reality (VR).

GBCI aims to cultivate and grow smart cities ecosystem by supporting startups in the early or later stages. GBCI will take an active role to provide these startups with knowledge know-how, access to technology, financial investment, mentorship, and go-to-market support.

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