Enterprise AI company Amity has opened its Southeast Asian regional headquarters and AI research and application hub in Singapore.
Backed by a US$100 million Series D funding round, the expansion was led by EDBI, the investment arm of SG Growth Capital, which serves as the investment platform of EDB and Enterprise Singapore.
Operations at the new AI Research and Application Center will focus on developing agentic AI and vertical models tailored for enterprise use.
Amity is building these systems to execute complex business processes autonomously.
Funding from the recent capital injection will accelerate product development through the new centre.
Capital will also support strategic acquisitions across Europe and Southeast Asia, alongside efforts to attract engineering and commercial talent.
Over the next three years, executives expect to create up to 60 roles in Singapore.
“Singapore is where our belief that Asian enterprises deserve AI built for their reality comes to life,”
said Korawad Chearavanont, Executive Chairman and Founder, Amity.
“The new centre is our commitment to building the foundational AI capabilities that enterprises across Asia will run on for the next decade.”
This regional push aligns with Singapore’s national agenda to integrate AI into specific economic sectors such as financial services, advanced manufacturing, connectivity, and healthcare.
Globally, more than 20,000 organisations currently use platforms built by the firm.
Revenue targets for the technology provider sit at US$200 million on an annualised basis by the end of 2026.
This comes ahead of a planned public listing in 2027.
Featured image credit: Edited by Fintech News Singapore, based on image by fledermausstudio via Magnific
