Singapore's Vickers Venture, Japan’s Sumitomo Invest US$6M in Ontario’s Icontek

Singapore-based global venture capital firm Vickers Venture Partners and Japan’s Sumitomo Corporation Equity Asia, an arm of the Sumitomo Group, have invested a combined US$6 million into Toronto-headquartered Icontek, a start-up that creates natural language processing and machine learning systems. Icontek’s products allow interactions between users, machines, and systems and are useful in the customer service industry. This is Vickers’ third investment in the artificial intelligence space. Vickers Venture Partners is focused on early-stage investments in Asia and beyond. The firm’s portfolio covers life sciences, technology, media, and telecommunications as well as consumer and financial services.

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