Malaysian Tech Firm Zetrix Bags $40M From World Bank Arm
Zetrix AI Bhd. secured ~$40M from the IFC and eyes a Nasdaq listing for its AI division by end of 2026.
Malaysian digital infrastructure company Zetrix AI Bhd. just pulled in roughly $40 million from the International Finance Corporation — the World Bank's private-sector investment arm. Not a bad endorsement for a publicly traded firm operating out of Southeast Asia.
The company isn't stopping there. Zetrix has its sights set on listing its AI unit on the Nasdaq by the end of 2026, a move that would give it direct access to U.S. capital markets and significantly higher visibility among global investors.
The IFC backing signals growing institutional confidence in Southeast Asian digital infrastructure plays, particularly those with AI ambitions. For Zetrix, the $40 million injection provides serious runway to scale operations ahead of what would be a landmark U.S. listing for a Malaysian tech outfit.
The Nasdaq timeline is aggressive. Whether they hit it remains the real story to watch.