Amity, an AI technology company founded in Thailand, raised US$100 million from a Series D funding round, which it said marked the largest generative AI-focused fundraise in Southeast Asia to date.
The round was led by EDBI, the investment arm of SG Growth Capital, alongside Asia Partners and SMDV, with participation from existing and new investors, including CMLIM Capital.
The funding will support the expansion of Amity’s AI capabilities, accelerate its growth across Southeast Asia and Europe, and strengthen its Singapore-based AI Research & Application Center (ARAC).
As part of this, Amity will establish and expand its ARAC presence in Singapore alongside building regional go-to-market capabilities and pursuing strategic acquisitions in 2026. The company is targeting an initial public offering (IPO) in 2027.
Korawad Chearavanont, Amity’s executive chairman and founder, said that they believe in the potential for vertical AI models tailored to specific industries — delivering tangible, measurable ROI for customers.
“In parallel, agentic AI will move beyond analysis and summarization to truly execute tasks and drive business processes,” he said. “In the next year, we will be focused on expanding and improving our AI research division, ARAC, as well as accelerating expansion in our two focus regions, Europe and Southeast Asia.”
Keng Teik Koay, Amity’s group CEO, said the funding round will support the firm’s expansion into new markets—including Singapore—acquisitions, and other growth initiatives.
Touchapon Kraisingkorn, chairman of Amity ARAC, executive director and co-founder of Amity, said a portion of the proceeds will be invested in ARAC to develop vertical AI that understands industry-specific contexts, with a primary focus on retail and telecommunications.
He said they will also accelerate agentic AI across the company’s integrated ecosystem.
Yeung Chia Li, senior partner at EDBI, the investment arm of SG Growth Capital, said Amity’s expansion in Singapore, including AI research, product development, and ready go-to-market capabilities, will strengthen its ability to serve global enterprise demand.
Vorapol Supanusonti, co-founder and partner at Asia Partners, a Singapore-based tech-focused growth stage private equity firm, said: that based on Amity’s performance over the last several years, we see the strength of its business ecosystem and AI capabilities — especially in developing AI products with broad commercial applications across industries.
Further, Korawad said that with the funding round, Amity’s total funding increases to US$160 million. Amity will continue to acquire software companies in Europe and Southeast Asia to strengthen our business and enable faster development and commercialization of vertical AI in global markets.
