Taiger, a Singapore-based company specializing in applied Artificial Intelligence (AI) solutions in the fields of information access and retrieval for the finance, insurance and government sectors, has closed its S$8m Series A funding round.
The round was led by Tembusu ICT Fund I, a software-focused venture capital fund in Singapore and one of the six funds selected by the National Research Foundation of Singapore (NRF) as part of the Early Stage Venture Fund II scheme, with participation from SGInnovate, a government-owned entity which operates under the NRF.
The company intends to use the funds to accelerate its sales and R&D efforts in Singapore and expand its presence worldwide.
Led by Dr. Sinuhe Arroyo, CEO and founder, Taiger specializes in information access and knowledge extraction, with technology which applies a hybrid between the symbolic and probabilistic disciplines of AI, based on the application of patent protected technology around Computational Semantics, Natural Language Processing (NLP) and Machine Learning.
The company’s AI solutions are taught to read and understand information as a human worker does, transforming unstructured information to knowledge for businesses and their customers.
According to written note, Taiger’s iMatch solution is capable of automatically extracting, validating and interpreting information from documents, replicating the intelligence of a human worker.