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Thai AI Startup Amity Solutions Raises $100 M; Eyes Singapore and 2027 IPO

March 25, 2026 01:28 PM IST | Written by Neelam Sharma | Edited by Vaibhav Jha

Bangkok-based AI software company Amity Solutions announced on March 25 that it has raised $100 million in a Series D funding round — the largest generative AI-focused raise in Southeast Asia to date, according to the company.

The round was led by EDBI, with participation from Asia Partners, SMDV, and CMLIM Capital, reported Bloomberg. The company now eyes the Singapore hub as its next frontier with advancing its AI research centre and aims for IPO in 2027.

The company will use this money to develop “vertical AI models.” These are AI tools made for specific industries, so they can do particular tasks more efficiently.

The funding marks a sharp acceleration for a company that raised $60 million in a Series C round just last year.

CEO Keng Teik Koay said the funding marks a transition into a “full-scale growth phase,” with plans to expand into new markets and develop what the company calls vertical AI models.

Founded in 2012, Amity Solutions is the Thai unit of Amity Corp, run by Korawad Chearavanont, grandson of Thai billionaire Dhanin Chearavanont.

The company shifted its focus to GenAI applications in 2023 and made core products like enterprise-grade AI chatbots, agentic AI platforms, and a digital workplace tool called Eko — serving clients across Thailand and Southeast Asia.

The company also plans to open a deep AI research and development center in Singapore. This center will help improve its products and better serve global business customers. Amity also plans to acquire other companies as part of its growth strategy and aims to go public by 2027. It has already started this strategy by buying Tollring in 2024.

The company’s growth has been strong. Its annual revenue exceeded US$100 million in 2025, indicating that demand for AI solutions is rising quickly.

Also Read: Singapore’s Big AI Push: Turn 100000 workers AI Bilingual by 2029

Authors

Neelam Sharma

Neelam Sharma is a passionate storyteller, and journalist with over a decade of experience across leading Indian media houses.
Known for her calm presence on screen and powerful storytelling off it, Neelam brings a rare blend of credibility, creativity, and empathy to journalism. Her strength lies in ground reporting and research-driven narratives that connect with the heart of the audience. Whether covering social issues, human-interest features, or breaking news, she combines factual depth with a human touch—making every story not just informative.

Vaibhav Jha

Vaibhav Jha is an Editor and Co-founder of AI FrontPage. In his decade long career in journalism, Vaibhav has reported for publications including The Indian Express, Hindustan Times, and The New York Times, covering the intersection of technology, policy, and society. Outside work, he’s usually trying to persuade people to watch Anurag Kashyap films.