Thailand-based enterprise AI firm Amity has launched its Singapore office and AI Research & Application Centre after raising $100 million in a Series D round led by EDBI, an investment arm of SG Growth Capital. The centre will develop industry-specific AI models for enterprise use, whilst the Singapore base will support clients across Southeast Asia. Amity plans to use the funding for AI research, strategic mergers and acquisitions in Europe and Southeast Asia, and hiring. The company aims to create up to 60 roles in Singapore over the next three years. Amity is targeting $200 million in annualised revenue by the end of 2026 and preparing for an initial public offering in 2027.

Amity has won the Gold Award in the AI Application (International Company) category at Taiwan's 2026 Best AI Awards, receiving 1,000,000 NTD. The company outperformed over 100 international organisations in the competition backed by Taiwan's Ministry of Economic Affairs. The award recognised Eko Agentic: Data Analyst, an enterprise-grade agentic AI solution developed by Amity's Singapore-headquartered AI Research & Application Center. The platform acts as a specialised retail data analyst, trained using data from top-performing store managers and reinforcement learning techniques. Currently deployed across more than 1,000 stores, Eko Agentic automates daily briefs and recommends actions to prevent issues like dead stock and empty shelves. Thailand-founded Amity is an AI and software group serving primarily retail and telecommunications industries across Europe and Southeast Asia.

Enterprises are sick of the same old chat solutions that are stuck in the 90s. Here’s one that might improve things Thailand- and US-based technology company Eko Communications today announced that it...