Singapore enterprise AI company Whale has secured an additional $40 million in its Series C funding round, bringing the total amount raised in the round to $100 million, according to an announcement.
The extension was led by CMB International, through an AI-focused investment fund, and Sumitomo Mitsui Banking Corporation’s SMBC Asia Rising Fund.
New investors included Krungsri Finnovate, Singtel Innov8, Hyundai Motor Group, and Charisma Partners. Existing Series C investors include Bosch Ventures, MTR Lab, MDI Ventures, Gentree Fund, and Linear Capital.
Whale first announced raising a combined $60 million in its Series C funding round in May last year to help businesses drive sales with its artificial intelligence assistant.
The company, founded in Singapore by former Meta data scientist Jerry Ye, develops an AI operating system that helps enterprises manage physical operations using data collected from cameras, sensors, and audio devices.
Its proprietary Business World Model processes real-world operational data to automate workflows and generate business insights.
Whale said the fresh capital will be used to accelerate its expansion in North America and Asia-Pacific, while laying the groundwork for entry into the Middle East and Europe.
“This new funding isn’t about starting from scratch. It’s about advancing what we’ve built here,” said Ye.
It also plans to grow its global workforce, deepen enterprise partnerships, and expand integrations with local infrastructure.
The company said it serves more than 1,600 enterprise customers in over 45 countries across sectors including retail, automotive, manufacturing, food and beverage, and financial services.
Its platform manages more than 600,000 edge AI nodes globally.
Whale’s flagship products include SpaceSight, which analyzes video and sensor data from physical locations to monitor customer traffic, compliance, and operations, and Echo, which evaluates frontline sales conversations to improve employee performance.
The products are integrated with other AI tools covering workflow automation, knowledge management, content distribution, and AI governance.
In 2021, Whale raised a $50-million Series B round led by Temasek alongside return investors NIO Capital, Linear, and Alpha Startups. The startup, originally started in 2017 in Hangzhou, China, subsequently set up its headquarters in Singapore in 2022.
Whale’s latest funding comes as Asia’s AI funding rush has crossed a new threshold. Data from 474 AI deals compiled by DealStreetAsia show that startups across Greater China, India, and Southeast Asia have raised at least $20.3 billion in disclosed capital so far in the first half of the year.
Greater China accounted for about 90% of the total, reflecting both the size of its funding market and the depth of its AI ecosystem.
