Taiwan-headquartered artificial intelligence (AI) startup iKala has snapped up $17 million in a Series B funding round led by Wistron Digital Technology Holding Company.
iKala’s existing investors, Hotung Investment Holdings Limited and Pacific Venture Partners, participated in the round, according to a statement.
The Series B financing brings iKala’s total capital raised to date to $30.3 million. The company said it will continue to develop its AI and digital technologies and expand into new markets including Indonesia and Malaysia.
iKala has been operating in Singapore, Thailand, Taiwan, Hong Kong, Philippines, Vietnam and Japan.
“With this funding, we look forward to exploring new opportunities in AI commerce beyond our existing markets,” said Sega Cheng, co-founder and CEO of iKala.
Wistron Digital Technology is a wholly-owned subsidiary of Wistron Corporation, a Taiwanese listed technical services firm. The subsidiary focuses on digital technology industries and software application related investments.
The funding for iKala marks Wistron Digital Technology’s foray into Southeast Asia, according to the AI startup.
“With Wistron as a strategic partner, iKala can become a major driving force for transforming Taiwan into an AI industry and talent hub in Asia,” added Lee-Feng Chien, iKala’s board member, a former Google Taiwan managing director who joined the startup earlier this year.
In June 2020, iKala established a new division, iKala Commerce, which consolidates AI-powered influencer database KOL Radar and AI social commerce solution Shoplus to provide an integrated solution and holistic customer data insights for social commerce companies.
iKala claims that more than 400 enterprise customers across 12 industries, along with over 15,000 advertisers, have used its technology.