Tai Panich interview template

SCB 10X head Panich leaves to launch $250m AI fund

Tai Panich has departed from the $700m CVC fund she formed in 2020 and has recruited corporate LPs for AI-focused firm AIconic Ventures

Post by: Robert Lavine in Global Corporate Venturing

Mukaya (Tai) Panich (above), the founder and CEO of financial services firm Siam Commercial Bank (SCB)’s SCB 10X unit, has left and launched her own venture capital firm, AIconic Ventures.

“After more than five years at SCB 10X, I think it’s a great opportunity right now to start my own fund, in this area of AI and deep tech,” Panich told Global Corporate Venturing. “Generative AI is at the forefront right now, a lot of people think that the fourth industrial revolution is happening right now, pretty much because of generative AI.”

Panich founded SCB 10X in 2020, growing its team from eight people at launch to more than 50 today, and had appeared on the GCV Powerlist twice, most recently in 2024