Key Takeaways
- Funding: A $100 million Series D round led by EDBI, the investment arm of SG Growth Capital.
- New Headquarters: The launch of the AI Research & Application Centre (ARAC) and regional headquarters in Singapore on June 29, 2026.
- 2026 Target: Amity is aiming for $200 million in annualized revenue by year-end, with a public listing planned for 2027.
Amity Opens New Operational Base in Singapore
Thai artificial intelligence company Amity cut the ribbon on June 29, 2026, for its new office in Singapore, a facility that also houses the newly established AI Research & Application Centre. The move follows the closing of a $100 million Series D funding round, led by EDBI, the investment arm of SG Growth Capital. The facility becomes the headquarters for Southeast Asian operations and the central base for the company's global research activities.
Vertical Models Built on Real-World Data
ARAC will focus its efforts on developing vertical artificial intelligence models, trained on concrete industry data rather than generic datasets. Current priorities involve systems for end-to-end business processes, with applications targeting the retail, telecommunications, and services sectors. Amity plans to create up to 60 new jobs in Singapore over the next three years, spread across research, engineering, and go-to-market activities.
Double-Digit Growth and IPO Milestone
The company had already surpassed $100 million in annualized revenue in 2025, marking growth of more than tenfold compared to 2022. The stated goal is to reach $200 million in annualized revenue by the end of 2026, with a public listing planned for 2027. Founder Korawad Chearavanont explained the choice of Singapore by citing the local tech ecosystem, regional connectivity, and the national artificial intelligence agenda, elements that solidify the city-state's role as a regional technology hub.
