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Brief: AI company gets $5.8m injection to push Singapore’s Smart Nation bid


Sinuhe Arroyo, founder and CEO of Taiger. Photo credit: Taiger.

Taiger, a startup specialising in applied artificial intelligence (AI) solutions, today disclosed a US$5.8 million funding deal to push Singapore’s AI capabilities forward in line with the country’s “Smart Nation” initiative. Its technology covers human-machine natural language interaction, semantic search, and information extraction.

Competitors: Element AI, Mimetic.AI, Avanseus

How it compares to competitors: Taiger’s AI solutions are taught to read and understand information as a human worker does, transforming completely unstructured information to valuable knowledge for businesses and their customers.

Traction

Taiger was recently awarded accreditation status by Singapore’s Infocomm Media Development Authority, and is under partnership with them to support the city-state’s digital transformation. In addition to Singapore, Taiger has offices in Hong Kong, Spain, Vietnam, and the United States.

Funding details

Amount raised: US$5.8 million
Funding stage: Series A
Lead investor: Tembusu ICT Fund I
Other investors: SGInnovate
Investment type: Equity
Purpose: To ramp up sales and R&D efforts in Singapore and expand its presence worldwide
Total disclosed funding to date: US$5.8 million

Converted from Singapore dollar. Rate: US$1 = S$1.36.

This post Brief: AI company gets $5.8m injection to push Singapore’s Smart Nation bid appeared first on Tech in Asia.



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