JigsawStack, a Singapore-based AI platform, has raised US$1 million in a pre-seed funding round led by UK’s Ada Ventures. This brings the total funding to US$1.5 million, after a previous US$500,000 investment from Antler.
The platform provides a set of APIs that make it easier to develop and use AI-powered products. It offers custom AI models that automate tasks across different technologies. These smaller, specialized models are faster and more affordable, helping businesses make the most of AI.
Since its beta launch in June 2024, JigsawStack says it has processed 10 million API requests from developers, showing strong early interest.
The platform has also launched an open-source AI framework and is working on a new model to support RAG (retrieval-augmented generation) applications. This will work with formats like PDF, images, CSV, and JSON. The goal is to improve tasks like AI web scraping, AI vOCR, and AI translation, providing businesses with the tools needed to create advanced AI solutions.
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Yoeven D. Khemlani, founder and CEO of JigsawStack, has a track record of successful ventures, having previously launched a property and travel startup in Singapore that achieved US$1 million in annual recurring revenue within its first year and US$3 million in its second year before being acquired.
Michael Tefula, Principal and Head of Product at Ada Ventures, pointed out that JigsawStack has the potential to make back-end software engineering easier, especially with the growing number of developers and the rise of AI-generated code.
About JigsawStack
JigsawStack offers well-designed APIs that work quickly and efficiently, helping businesses launch their products 10 times faster and at a lower cost.
