Thailand's Amity Secures $100M Series D Funding for Singapore AI R&D Center and 2027 IPO Push

Thailand-based Amity, a leading generative AI platform for enterprises, has raised $100 million in a Series D funding round.

The investment, the largest GenAI-focused round in Southeast Asia history, was led by Singapore's EDBI with participation from Asia Partners and SMDV.

Amity's Singapore Expansion Strategy

Amity will launch an AI Research & Application Center (ARAC) in Singapore to bolster its go-to-market capabilities and regional growth.

This move positions Singapore as a key hub for Amity's deep AI research and development efforts across Asia.

Company Background and Rapid Growth

Founded in 2012, Amity specializes in building and integrating vertical AI models for sectors like retail, telecom, and productivity solutions.

Prior to this round, Amity had raised about $90 million, including a $60 million Series C in 2024 led by Insight Capital.

Led by CEO Korawad Chearavanont, grandson of Thai billionaire Dhanin Chearavanont, the company achieved over 10x revenue growth to surpass $100 million annually by 2025.

Impact on Southeast Asia's AI Ecosystem

The funding underscores Southeast Asia's rising prominence in global AI innovation, attracting top-tier investors to the region.

Amity's success highlights Thailand's emergence as a tech powerhouse, fostering more GenAI startups and enterprise adoption.

Looking ahead, Amity plans strategic acquisitions in 2026, expansion into Europe, and a targeted IPO in 2027.