Singapore accounted for approximately 99 per cent of the USD1.2 billion invested in Southeast Asia’s artificial intelligence infrastructure sector between 2019 and 2026, according to data released by Tracxn. The city-state dominated disclosed funding activity across Singapore, Indonesia, Malaysia and Thailand, reinforcing its position as the region’s primary hub for AI infrastructure development.
Tracxn attributed Singapore’s leadership to its established financial ecosystem, skilled workforce and supportive regulatory environment, which have attracted AI infrastructure companies and investors. While Malaysia recorded approximately USD1.5 million in disclosed funding during the period, Indonesia and Thailand reported no disclosed investments within the dataset despite their expanding digital economies. The report noted that these markets could become future investment destinations as cloud computing and data centre infrastructure continue to expand across the region.
The analysis also found that early-stage funding accounted for more than 95% of disclosed AI infrastructure investment between 2023 and 2025. In 2024, two early-stage transactions generated USD608 million of the USD614 million invested, while four early-stage deals accounted for USD312 million of the USD320 million deployed in 2025. The report highlighted continued growth in seed-stage activity and identified Singapore-based companies as the only acquisition targets recorded within the sector during the review period, underscoring the city-state’s central role in Southeast Asia’s AI ecosystem.