HomeSingaporeSingapore's Whale Raises $60M to Expand Global AI Solutions for Businesses

Singapore’s Whale Raises $60M to Expand Global AI Solutions for Businesses

Singapore's Whale Raises $60M to Expand Global AI Solutions for Businesses

Singapore-based AI company Whale has raised over US$60 million through two recent funding rounds (Series C1 and C2). The money will help the company grow internationally and improve its AI products for businesses.

Key investors in the funding rounds include BOSCH Ventures, MTR Lab, Singtel Innov8, MDI Ventures, and Gentree Fund.

This comes after the Series C1 round in early 2023, which included investments from Temasek and Linear Capital, who had supported the company before.

These investors aren’t just providing money but also leading companies in areas like transportation, communication, infrastructure, and advanced technology.

For example, Bosch Ventures and MTR Lab, who led the Series C2 round, are not only investing money but also helping Whales find new business opportunities in their industries.

With this investment, they and the other investors are helping whales grow into important industries like cars, fashion, everyday consumer products, and food and drinks.

Whale plans to work closely with its investors to bring its products to market faster, create new AI solutions for businesses, and grow into new regions—especially in Southeast Asia, North America, and other major tech hubs worldwide.

This funding is an important milestone in Whale’s goal to become a top enterprise AI infrastructure company in Asia, North America, and other global markets.

With this funding, Whale will speed up its sales and marketing, improve its AI products, and grow its operations around the world to keep up with the rising demand for smart business solutions.

Whale’s main focus areas are improving its products, expanding globally, hiring skilled people, investing in research and development (R&D), and making sure customers are successful.

Whale will keep developing its AI-based product lineup, which includes SpaceSight, Echo, Harbor, and Alivia, focusing on making them flexible, high-performing, and easy for businesses to integrate.

It will also expand its presence in important Southeast Asia, North America, and Europe markets, helping international and local brands with services tailored to each region.

The company will also grow its engineering and AI research teams to stay ahead in areas like spatial computing, voice technology, and generative AI.

The company will also invest in solutions that provide real results for business clients in retail, food and drinks, healthcare, electronics, and cars.

“This round is an exciting step toward our long-term goal of creating smart infrastructure for the world’s most innovative companies.”

“We’re focused on pushing the boundaries of enterprise AI—combining deep tech with real-world operational impact,” said Jerry Ye, Founder and Chief Executive Officer of Whale.

Donald Wihardja, Chief Executive Officer of MDI Ventures, said that as enterprise AI continues to evolve, they are seeing growing demand for solutions like Whale’s, which can finally solve urgent pain points in businesses in emerging markets across Southeast Asia.

“Thus, we look forward to assisting Whale in growing, as well as assisting Indonesian companies to fully utilize AI, especially by leveraging Telkom’s business opportunities,” he said.

This investment in Whale is MTR Lab’s first in AI-powered retail technology. It fits with their focus on new retail ideas, intelligent transportation, and property technology, all based on the main themes of smart cities and sustainability.

By investing in Whale and focusing on retail tech, MTR Lab plans to use advanced AI to support the digital transformation of retail. They aim to help the industry create better online and offline shopping experiences, aligning with their vision for smart cities.

Founded in 2017, Whale helps over 600 business customers in over 20 countries.

Read more- Ventures and Tally Ventures Lead $19 Million Investment in U.S. Firm Graphiant

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