CloudMile, an AI company based in Taiwan, has raised US$20 million in strategic funding to expand its AI products and services across Southeast Asia.
The funding round was led by NEXUS CVC, with participation from TFB Capital, the venture arm of Taipei Fubon Bank Finance Holding.
The new funds will be used to strengthen AI research and development (R&D) and support the company’s regional growth plans.
CloudMile will focus on industries such as high tech, semiconductors, electronics manufacturing, finance, retail, and education as part of its expansion strategy.
The new investment will help CloudMile boost its AI research and development and expand into key industries like semiconductors, electronics manufacturing, finance, retail, and education.
With headquarters in both Singapore and Taiwan, CloudMile offers services in AI, cybersecurity, and FinOps. The company also recently opened an AI Centre of Excellence in Malaysia.
Over the last two years, CloudMile has doubled its regional revenue across Singapore, Malaysia, Indonesia, and the Philippines. It also works with organizations like Singapore’s Economic Development Board and Malaysia’s Cradle to support innovation and digital growth.
CloudMile is a Google Cloud Premier Partner and Managed Service Provider that focuses on machine learning, data analytics, cloud migration, and security services across Taiwan, Hong Kong, and Singapore.
The company also works with partners like MongoDB, Fivetran, Confluent, and Cloudflare to offer complete cloud and AI solutions to its clients.
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