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Strictly Private & Confidential

MAIA Sdn Bhd

The technology engine behind Aurora’s next RM50 million.

Investment Discussion Prepared for Klinik Aurora — Dr Asmawi & Dr Husna
Dr Asmawi
Dr Asmawi bin Abu BakarFounder — Klinik Aurora
Dr Husna
Dr HusnaCo-founder — Klinik Aurora

June 2026 · maiahub.my

MAIA Sdn Bhd — Strictly Private & ConfidentialMAIA Sdn Bhd × Klinik Aurora
Where we stand

We are already partners — and we’ve delivered

RM12.5kAurora monthly contract

Two contracts, locked 3 years — Ali.AI, support, First Hello, Ali Geo & Ali Life.

86Clinics live on First Hello

5D-ultrasound AI image generation, ~RM10k/month and growing.

PartnerAppointed Technology Partner

Aurora chose MAIA, we shipped, the platform is in daily use.

The thesis for today: Aurora is scaling RM50M → RM100M revenue. That growth runs on infrastructure — our infrastructure. Investing aligns Aurora’s clinical growth with the technology backbone it already depends on.
02
MAIA Sdn Bhd — Strictly Private & ConfidentialThe relationship so far
The opportunity

Doubling Aurora — RM50M to RM100M — runs on technology

RM50MAurora today
→
+RM50MUnlocked by the MAIA stack
→
RM100MThe goal
You don’t double a clinic group by opening twice as many doors — you do it by making every branch convert more patients, retain them, bill faster, and run leaner. That is a technology problem, and it is the one MAIA already solves for you.
03
MAIA Sdn Bhd — Strictly Private & ConfidentialThe RM50M→RM100M opportunity
How technology gets Aurora there

Four levers, each a MAIA product

Win more patients & keep them

Aurora patient app + WhatsApp booking + First Hello’s shareable 5D-ultrasound images → more bookings, fewer no-shows, higher retention per branch.

Get paid faster & in full

Ali Life claim automation across the 30 major TPAs → faster reimbursement, fewer rejected claims — pure margin recovered at every branch.

Run leaner at scale

Ali Geo for procurement & inventory, group POs across branches, workforce/rostering, and a single HQ dashboard → lower cost-to-serve as branch count grows.

Open new revenue lines

Paid GLP-1 program (Ali Fit), clinical-AI services, and the hospital suite → new income Aurora can’t easily build alone.

The dual win: as the operator, Aurora gets the tools that drive the +RM50M. As a shareholder, those same tools become MAIA assets that grow the value of Aurora’s stake.
04
MAIA Sdn Bhd — Strictly Private & ConfidentialHow technology gets Aurora there
Why this is defensible

We’re building the insurance-claim rails for primary care

Most Malaysian clinic visits run through panels and TPAs. Ali Life is being built to automate insurance claims across the 30 major TPAs — faster reimbursement, less admin. That is the reason a clinic pays RM1,800/month, and it is hard to copy.

  • Not “clinic software” — claim infrastructure. High switching cost, recurring by nature.
  • Aurora is the proof and first scaled deployment. 38 branches as the reference.
  • Phased by panel coverage — top ~10 TPAs first capture most claim volume.

The shift in one line

From “we sell clinic software” to “we own the insurance-claim rails for Malaysian primary care.”

05
MAIA Sdn Bhd — Strictly Private & ConfidentialThe moat
Aurora Executable Blueprint · Part 1

An executable blueprint — built to succeed, not to sit on a shelf

Daily pain signalWhat it leads toWhen you see it todayMonthly bleed
Patient footfall ↓Revenue collapse in 30–60 daysMonthly P&L — too lateRM10–40k
Claim rejection ↑Direct cash leak per caseTPA statement, weeks laterRM5–25k
ARPU slidingDrug-mix / panel-mix driftQuarterly reviewRM8–30k
No-show rate ↑Wasted slots, frustrated staffManual reception tallyRM3–15k
Pharmacy stock-outsInstant lost sale per visitPharmacist’s complaintRM4–12k
Repeat-visit ↓Retention dying silentlyWhen footfall already collapsedRM6–20k
Today: six separate spreadsheets, six humans, all noticed weeks late. A clinic can die before HQ even knows it’s sick. The first job of MAIA is to make all six visible by 8 AM every morning — before they compound.
06
MAIA Sdn Bhd — Strictly Private & ConfidentialExecutable Blueprint · The pain, made visible
Aurora Executable Blueprint · Part 2

The executable surface — one screen per clinic, every morning

Vitality ScorePer-clinic, daily

Red / amber / green across all six pain signals — one glance tells HQ which clinic needs hands today.

Top 3 TodayAuto-pushed at 8 AM

One-page action pack per clinic lead: call-backs, rejected claims to chase, stock to reorder. No spreadsheets to open.

Cohort RankingClinic vs peers

Every clinic ranked vs the rest of Aurora — underperformers surface early, before the monthly P&L does.

Inside the morning pack: call-back list, rejected claims to chase, low-stock SKUs (auto-PO via Ali Geo), re-engagement segment for WhatsApp, and the one cohort gap this clinic is slipping on. Each pain pattern is pre-mapped to a play — the team picks, runs, measures. One playbook, applied 38 times, with daily feedback.
07
MAIA Sdn Bhd — Strictly Private & ConfidentialExecutable Blueprint · Daily morning pack
Aurora Executable Blueprint · Part 3

The cadence that makes the blueprint succeed

CadenceWhoWhat happensOutput
Daily · 8 AMClinic leadRead the morning pack, execute the top 3 actions3 closed actions per clinic per day
Weekly · 60 minAurora HQ + clinic leadsCohort review, pick interventions for the slipping clinicsOwner + due-date per play
MonthlyHQ leadershipVitality-trend review, refine the intervention playbookNew plays added to the library
QuarterlyDr Asmawi (observer) + MAIAStrategic interventions, roadmap input, Aurora-first pilotsPipeline of new tools tested at Aurora first
Compounding effect on the +RM50M: every dying clinic recovered puts RM12–40k/month back into Aurora’s P&L. Across 38 branches, fixing the bottom quartile gets to the +RM50M faster — and cheaper — than opening new branches.
08
MAIA Sdn Bhd — Strictly Private & ConfidentialExecutable Blueprint · The cadence that lands it
The platform

One Ali.AI engine, two sectors

ProductSectorPricingStatus
Ali Life — clinical + TPA claim automationGPRM1,800/clinic/moLive (Aurora); TPA build next
First Hello — 5D-ultrasound AI imagingGPRM15 / 8k imagesLive, 86 clinics
Ali.AI engine — core platform (maiahub.my)GP + HospitalRM998/moBuilt; monetisation next
Ali Geo — location & branch analyticsGPRM588/clinicIn Aurora bundle
Ali Queue — patient flowHospitalRM6k / 2 yrsFor large Klinik Kesihatan
Ali Optima — mobile X-ray intelligenceHospital~RM30k + retainerGovt legal process
Ali Fit — GLP-1 trackingGPFree → future paidFunnel today
Crown jewel = Ali Life. The hospital suite (Optima, Queue) is a separate, later motion in government process — intentionally not funded by this round.
09
MAIA Sdn Bhd — Strictly Private & ConfidentialProduct stack
The ask

RM500,000 for ~5.09% — one clean cash investment

RM500kLump sum, into the company
~5.09%Preference shares
RM9.3MPre-money valuation
100%For expansion, not cash-out
Capital goes straight into the company to fund the path from 86 to 600 clinics. Founders retain control. Anchored at RM9.3M pre-money (RM9.8M post-money); preference shares with full minority protections.
10
MAIA Sdn Bhd — Strictly Private & ConfidentialThe ask
What RM500k becomes

Aurora’s stake, stage by stage

StageAurora’s %Company valueAurora’s stake worth
Now (he invests)~5.09%RM9.8M~RM500k
After a later round (raise RM3M at RM20M pre)~4.43%~RM23M~RM1.02M
At a $50M exit (~RM235M)~4.43%~RM235M~RM10.4M
~20× return at a $50M exit. Stake is diluted modestly by future rounds (assumed RM3M at RM20M pre), then re-marked to the exit price. Numbers exclude performance warrants and Aurora wholesale-pricing upside — both add on top.
11
MAIA Sdn Bhd — Strictly Private & ConfidentialStake progression
Trajectory

From 86 to 600 clinics this year

RM2.37MRevenue this year (base case)

Subscription ramp + Aurora anchor.

RM4.11MExit run-rate ARR (Dec, 600 clinics)

The number that anchors the RM9.3M pre-money entry today.

~270kARR today (RM)

Aurora + First Hello, before the ramp.

ScenarioBlended ARPU / clinic / moRevenue this yearExit ARR (600)
ConservativeRM350~RM1.56M~RM2.67M
BaseRM550~RM2.37M~RM4.11M
UpsideRM750~RM3.18M~RM5.55M
12
MAIA Sdn Bhd — Strictly Private & ConfidentialTraction & trajectory
Valuation

Why RM9.3M holds — built on revenue + a 600-clinic trajectory

  • Forward basis: ~RM4.1M base exit ARR × ~2.0–2.5× (early-stage AI-SaaS multiple) → RM8.2M–10.3M.
  • Net of debt (~RM214k): ~RM8.0M–10.1M equity value.
  • Anchor RM9.3M pre-money, built on forward ARR × SaaS multiple, net of debt.
  • Cradle RM500k grant = external validation, never the price.

The credibility move

RM9.3M is justified by a locked 3-year Aurora contract + Technology-Partner delivery + 86 paying clinics + a credible path to RM4M+ exit-year ARR at an early-stage AI-SaaS multiple — not by dividing a grant.

13
MAIA Sdn Bhd — Strictly Private & ConfidentialValuation
Use of funds

Where the RM500k goes — fix the bottleneck

Bottleneck is sales capacity, not product. Capital flows down the org — engineering, reps, onboarding — not into overhead.

BucketRM%
Engineering — product integration & deployment (Ali Life TPA build for top ~10 panels + First Hello clinic rollout + integration engineers)140,00028%
Sales & BD (phased: reps + onboarding under the CRO)150,00030%
Marketing & demand gen65,00013%
AI / cloud compute (COGS)45,0009%
Working-capital buffer100,00020%
Total500,000100%
14
MAIA Sdn Bhd — Strictly Private & ConfidentialUse of funds
Runway & risk

This makes us cash-flow positive — not a lifeline

~Month 4Operationally cash-flow positive (base)
~RM1.46MYear-end cash, Aurora’s RM500k alone
~RM1.96MYear-end cash, incl. pending Cradle grant
The confident frame: RM500k makes us cash-flow positive by ~Q2 on its own. Aurora’s branches adopting the stack pulls that forward — investment and clinical rollout compound each other. The pending Cradle RM500k grant is non-dilutive upside on top.
15
MAIA Sdn Bhd — Strictly Private & ConfidentialRunway & risk
Deal terms

What Aurora gets — beyond the 5.09%

Investor rights & protection

  • Board Observer seat + quarterly information rights
  • Tag-along protection
  • Next-round pricing consent — Aurora must agree to the share price of any future dilutive raise

Commercial & upside

  • Preferential wholesale pricing + MFN for Aurora branches
  • Performance warrants — extra upside if he drives adoption
  • Early access to new products + roadmap input
  • Co-marketing & “founding partner” status
No revenue-share. Founders keep board control; reserved matters limited to genuine minority protections. A clean, fundable cap table.
16
MAIA Sdn Bhd — Strictly Private & ConfidentialDeal terms
Moving forward together

The build plan behind the +RM50M

Year 1 — FoundationYear 2 — DeepenYear 3+ — Scale
Aurora patient app + WhatsApp booking · TPA claims command-centre · Ali Geo procurement & inventory Clinical AI scribe & triage · GLP-1 paid program · Unified data layer · Workforce & governance tools · Hospital suite White-label the stack to other groups · Dental, diagnostics, telehealth · Regional expansion
How we work together: quarterly product-steering with Aurora (observer seat) · Aurora first-pilot rights on every new tool · a shared scorecard tied to the RM100M goal.
17
MAIA Sdn Bhd — Strictly Private & ConfidentialPartnership roadmap
The decision

Fund the engine behind your next RM50 million

RM500,000  ·  ~5.09%  ·  RM9.3M pre-money  ·  clean lump sum

RM50M → RM100M, powered by MAIA Cash-flow positive by ~Q2 Insurance-claim rails moat

Next step: term sheet review & due diligence · maiahub.my

MAIA Sdn Bhd — Strictly Private & ConfidentialThe close
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