Amity, a Thailand-founded artificial intelligence (AI) company, has marked Southeast Asia's largest generative AI funding round through the successful completion of a US$100-million Series D fundraising.
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.
According to Korawad Chearavanont, Amity's executive chairman and founder, the fresh capital injection will accelerate Amity's expansion across Southeast Asia and Europe, while strengthening its AI Research and Application Centre (ARAC).
The company plans to deepen its footprint in Singapore, positioning the city-state as a strategic hub for AI research, product development and go-to-market capabilities.
Strategic acquisitions are also on the roadmap for 2026, as Amity targets an initial public offering (IPO) in 2027, he added.
Mr Korawad said the planned IPO timeline may be around mid-2027; however, the company has yet to determine a specific target market, with options including the Stock Exchange of Thailand, Singapore, or the Hong Kong Stock Exchange, depending on optimal long-term potential for its business expansion.
Amity plans to establish and expand its ARAC presence in Singapore and pursue strategic acquisitions in 2026.
Last year the company's annualised revenue surpassed $100 million for the first time, having expanded more than 10-fold since 2022.
Amity believes in the potential of vertical AI models tailored to specific industries, he said.
Next year, it will focus on expanding and improving its AI research division, ARAC, as well as accelerating expansion in its two key regions, Europe and Southeast Asia, Mr Korawad added.
Amity's total funding now rises to $160 million, up from the previously announced $60 million in late 2024.
Touchapon Kraisingkorn, chairman of ARAC 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 telecom.
Amity will also accelerate agentic AI -- intelligent, autonomous agents that can execute end-to-end business processes -- across its integrated ecosystem, he said.
