{
  "id": 7736350,
  "title": "Cambodia’s Newwave wins CIFC backing to build AI tools for regional businesses",
  "url": "https://urgent.news/2026/09/16/cambodias-newwave-wins-cifc-backing-to-build-ai-tools-for-regional",
  "topic": "ai",
  "section": "AI",
  "published": "2026-09-16T07:45:46.000Z",
  "source": {
    "name": "e27",
    "slug": "e27",
    "url": "https://e27.co/cambodias-newwave-wins-cifc-backing-to-build-ai-tools-for-regional-businesses-20260916/"
  },
  "original_language": "en",
  "account": "Cambodia’s artificial intelligence and software development startup, Newwave Tech Foundry, has secured seed funding from Canada’s Impact Fund Co. (CIFC) to build AI tools for regional businesses. The Phnom Penh-based company, founded in 2024 by Kim Chan Amrithvatey and Nhek Pich Panharith, currently serves over 70% of its clients outside Cambodia. CIFC, the corporate venture capital initiative of Canadia Group, is Newwave’s second investment since launching in 2025. The funding comes as many small and mid-sized businesses in the region struggle to adopt generative AI tools despite their potential for productivity gains. Founded during a time when Southeast Asia's AI sector is projected to grow from $12 billion in 2025 to nearly $80 billion by 2031, Newwave aims to help businesses use AI across sales, marketing, accounting, supply chain, and human resources.",
  "summary": "Cambodia’s startup ecosystem is still small by Southeast Asian standards, but its newest crop of founders is starting to build with a wider market in mind. Newwave Tech Foundry, a Phnom Penh-based artificial intelligence and software development company, is one example: barely two years old, it already says more than 70 per cent of its […] The post Cambodia’s Newwave wins CIFC backing to build AI…",
  "key_points": [
    "Cambodia's Newwave Tech Foundry secures CIFC seed funding for AI tools",
    "Phnom Penh-based startup serves 70% of clients outside Cambodia",
    "CIFC's second investment as Newwave aims to help regional businesses adopt AI"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}