AI-focused firm Taiger banked US$25 million in a series B round led by PacificBridge Asset Management, an affiliate of TPG Capital, and Hong Kong’s MCM Investment Partners.
The Singapore-based startup plans to use the money to further expand globally, as it plans to launch in South Korea and Japan as well as increase its footprint in South America.
Its anchor investor SGInnovate also committed more funds to accelerate Taiger’s growth in its home market.
Taiger pioneers new artificial intelligence solutions that use human-like logic to read, understand, and extract information.
Its clients are mainly in the financial service and government sectors, but it the startup recently extended its reach to the legal sector.
Taiger founder and CEO Sinuhé Arroyo said the company expects to close several global clients in the new sector later this year.