GIC Private Limited

And that's not just that it has great apps or great services that are led by the government.

There are also Singaporean-led services investment funds like Temasek, for instance, or GIC, which are some of the leading investors in the world.

If you look at Temasek, it has benefited enormously from the tech boom in China and has been a major investor in companies like Alibaba and BYD, for instance.

Interesting fact about Singapore, even though it is one of the smallest countries in the ASEAN region, it manages more venture capital and more private equity assets than the other 10 ASEAN countries combined.

I'm Anita Ahuja, editor at large at Forbes and founder of Iconoclast, and we're here at Forbes On 5th.

GIC, Singapore's sovereign wealth fund, has been investing in America for more than four decades.

Through every boom, every bust, every cycle, this year it led the largest private funding round in history for Anthropic.

My guest runs the Americas for GIC.

Eric Wilmes, thank you so much for joining us on Iconoclast.

Hi, Anita.

Sure

... because you see it from a vantage point very few people have.

And that's not just that it has great apps or great services that are led by the government.

They're all just Singaporean-led investment funds, like Temasek, for instance, or GIC.

which are some of the leading investors in the world.

If you look at Temasek, it has benefited enormously from the tech boom in China and has been a major investor in companies like Alibaba and BYD, for instance.

And that's not just that it has great apps or great services that are led by the government.

There are also Singaporean-led investment funds like Temasek, for instance, or GIC.

which are some of the leading investors in the world.

If you look at Temasek, it has benefited enormously from the tech boom in China and has been a major investor in companies like Alibaba and BYD, for instance.

And that's not just that it has great apps or great services that are led by the government.

They're all just Singaporean-led investment funds, like Temasek, for instance, or GIC.

which are some of the leading investors in the world.

If you look at Temasek, it has benefited enormously from the tech boom in China and has been a major investor in companies like Alibaba and BYD, for instance.

And there I covered banking supervision and then I moved into markets.

And then from MAS, I moved into GIC, which is one of Singapore's sovereign bond funds.

Then I moved into Grab, which is a super app in this region in Southeast Asia.

And now I'm in OKEx.

And so we were able to obviously get in front of, I'd say high quality investors, and talk about the next 12 months and convert an exciting round in our Series E earlier this year, which was led by a big long-only fund, Neuberger Berman.

We also had participation from sovereign wealth funds, QIA in the Middle East, GIC in Singapore, and a number of crossover investors that, again, are high-quality folks that could be valuable for us on the IPO path.

So folks like Sequoia, Insight Partners, Arc, 1789, all kind of high-quality names there, alongside, to Mark's point earlier, the GPU ecosystem, the NVIDIAs and AMDs, and MediaTek and Alchip.

And so, to Mark's point again earlier, on the hyperscaler front, MediaTek winning some of those projects out in the TSMC process and flow for the TPUs on the inference side, inference chip side, and then Alchip, obviously, with AWS.