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Daily Markup #1038: Amity secures US$60M to leverage Generative AI to boost communication, productivity, and customer satisfaction for businesses

July 26, 2024 · 2 min read
Photo credit: Bangkok Post

Expanding the GenAI arsenal

  • Congratulations to 500-backed software and artificial intelligence (AI) company Amity Solutions (ASOL) and their parent company, Amity Corporation, on raising a US$60M Series C, in preparation for a planned public listing.
  • The fresh funds will be used for Generative AI (GenAI) research and development, as well as to further acquire SaaS (software as a service) products with the highest potential for GenAI integration, and to grow into overseas markets.
  • The goal? “To build a powerful ecosystem of GenAl-centric applications that address real business needs across various industries,” shared Keng Teik Koay, Group CEO at ASOL.
  • In particular, he sees great potential for offerings that enhance communication, productivity, and customer satisfaction.
  • Korawad Chearavanont, Founder & Executive Chairman, added, “We see a significant market gap in applying and integrating GenAI with tried and tested SaaS and software products. Our AI labs will lead the efforts through developing our own products, acquired products, and partnered products.”
  • Amity’s products have been used by over 50 of Thailand’s leading companies including leading state-owned enterprises, government agencies, banks, financial services firms, retailers, and many more.
  • Their core products include enterprise chatbot platform Amity Bots, voicebot platform Amity Voice, and a collaboration platform for non-desk workforces, Eko.
  • Read the full story on TechNode Global.

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