Amity Opens Singapore AI Hub After US$100M EDBI-Led Funding Round
Source: The Edge Singapore
Thailand-founded enterprise software group Amity has opened a Singapore AI Research and Application Centre backed by a US$100 million EDBI-led Series D round, targeting US$200 million in annual revenue and a 2027 IPO with up to 60 local AI roles.
Thailand-founded enterprise software group Amity has launched a dedicated AI Research and Application Centre (ARAC) in Singapore, backed by a US$100 million Series D funding round led by Singapore's EDBI. The hub will serve as the global headquarters for Amity's AI research, with plans to create up to 60 research, engineering, and go-to-market roles over three years as the company targets US$200 million in annualised revenue by the end of 2026.
Amity, which operates across five companies including Amity Solutions, Tollring, and EGG Digital, already serves more than 10 million monthly active users across 20,000 organisations in over 20 countries. The company crossed US$100 million in annualised revenue in 2025 after growing more than 10x from 2022. Alongside the Singapore hub announcement, Amity subsidiary Tollring has entered a definitive agreement to acquire UK-based Code Software, expanding its communications analytics and recording capabilities across Europe, the US, and Australia.
The ARAC will focus on developing industry-specific AI models for retail, telecommunications, and other service-intensive industries, with agentic AI — systems capable of autonomous action and decision-making — as a core research priority. EDBI Senior Partner Yeung Chia Li noted that Amity's decision to anchor its global AI research in Singapore underscores the nation's strengths as a hub for building advanced AI capability, commercialising innovation, and expanding regionally. The Singapore government-linked investor's lead role in the round reinforces the city-state's strategy of attracting high-value AI R&D.
Why it matters for Singapore: Amity's decision to plant its global AI research headquarters in Singapore rather than its home market of Thailand is a clear signal that the city-state's bet on becoming Asia's enterprise AI hub is paying off. The 60 specialised roles — in AI research, engineering, and go-to-market — are exactly the kind of high-value tech jobs Singapore's manpower strategy targets, while EDBI's participation ensures that the commercial returns from Amity's growth flow through the local innovation ecosystem. For a company serving 10 million users across 20 countries, having its AI brain in Singapore means the country sits at the centre of a fast-expanding enterprise AI network spanning Southeast Asia, Europe, and Oceania.