- The investment is part of Hartamodal’s maiden US$18 mil Dana Impian fund
- Funds will accelerate delivery of home-grown AI solutions across critical sectors
Hartamodal Sdn Bhd, the licensed venture capital arm of boutique asset management firm Tradeview Capital, has announced a strategic investment in Neuon AI Sdn Bhd, a Sarawak-based artificial intelligence solutions company with commercial deployments of advanced AI technologies across multiple high-impact sectors.
The investment is made under Hartamodal’s maiden US$18 million (RM70 million) Dana Impian fund, which aims to accelerate the commercialisation and nationwide adoption of industrial AI solutions. The fund supports the deployment of advanced technologies across critical sectors while driving broader adoption of practical, industry-ready innovations.
To date, Hartamodal has deployed US$4 million (RM15 million) across three technology startups.
The investment marks Hartamodal’s entry into Sarawak’s startup ecosystem and reflects its focus on backing Malaysian founders building practical, industry-ready technologies.
“KC and the team excel at translating highly sophisticated academic AI research into real-world, high-impact solutions for the everyday economy at scale,” said Tan Cheng Wen, executive director of Hartamodal. “Their proprietary applications in road asset management, forestry preservation, and sports science clearly demonstrate this capability.”
Founded in 2018 by Sarawakian technologists Dr Chai Kok Chin, Marcus Chai Koh Kiong, and Dr Chang Yang Loong, Neuon AI has built a commercialised AI platform with deployments across government and enterprise use cases.
Its flagship solution, Roadplus, is a computer vision–powered road asset management platform currently used by government agencies including Jabatan Kerja Raya Sarawak. The system has received multiple industry recognitions, including the “Best Commercialisation Project” award at MYHackathon 2020 and the World Summit Award 2025 for digital innovation.
Neuon AI has also delivered solutions for organisations such as Sarawak Forestry Corporation and Institut Sukan Negara, following its graduation from the Sarawak Digital Economy Corporation’s Digital Village Accelerator programme.
“Securing institutional venture capital backing from Hartamodal represents a pivotal milestone in our growth,” said Dr Chai Kok Chin, co-founder and CEO of Neuon AI. “With Hartamodal’s long-term investment approach aligned with our mission, we are accelerating the delivery of home-grown AI solutions for critical sectors across Malaysia.”
Beyond domestic deployments, Neuon AI has signed a memorandum of understanding with Shenzhen Stock Exchange–listed Runjian Co., Ltd., a leading provider of digital intelligent operation and maintenance services in China, to explore automated harvesting technology for black pepper crops and satellite-based navigation systems for oil palm plantations.
Hartamodal’s investment in Neuon AI follows its earlier backing of healthtech platform Connect & Heal in June 2025, underscoring the fund’s focus on Malaysian startups that aim to digitalise core industries and improve living standards through technology.
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