Taiger, a Singapore-headquartered company advancing Artificial Intelligence (AI) solutions, closed a US$25M Series B funding round.
The round was led by PacificBridge Asset Management, a Korean and American joint venture affiliated with TPG Capital, and MCM Investment Partners, a global merchant bank and asset management firm headquartered in Hong Kong. Anchor investor SGInnovate has further committed funds.
Following the investment, the valuation of Taiger will reach US$110m.
The company intends to use the funds to continue to expand in Singapore, and to broaden into greater Asia, with plans to launch in South Korea and Japan, the United States and Latin America, specifically Mexico.
Led by Sinuhé Arroyo, Founder and CEO, Taiger provides AI solutions that use human-like logic to automatically read, understand and extract information, overcoming the limitations of traditional Machine Learning, including data availability, bias and quality, and guaranteeing accuracy.
Clients are mainly in the financial services and government sectors worldwide, with recent expansions into the legal and technology industries.
The company also has offices in Hong Kong, New York, Madrid, Mexico City and Dubai.