Malaysia’s Zetrix Raises Funds, Plans to List AI Unit on Nasdaq

Zetrix AI Bhd., a publicly traded Malaysian provider of digital infrastructure, raised about $40 million from the World Bank’s investment arm and is preparing to list its artificial intelligence unit on Nasdaq by year-end.

The equity injection from International Finance Corp. will be used to expand access to digital infrastructure across Malaysia, Southeast Asia and other emerging markets, Zetrix said Wednesday.