Whale Raises $40M as Singapore AI Firm Hits $100M Series C Total
Source: PR Newswire APAC
Singapore-headquartered enterprise AI company Whale has secured a $40 million Series C3 extension, bringing its total Series C funding to $100 million. The round includes backing from Singtel Innov8, CMB International, SMBC Asia Rising Fund, and Hyundai Motor Group as Whale scales its AI Operating System for enterprise operations globally.
Singapore-headquartered enterprise AI company Whale has raised a $40 million Series C3 extension, catapulting its total Series C haul to $100 million as it scales its AI Operating System for enterprise operations across global markets. The round was led by CMB International and SMBC Asia Rising Fund, with participation from Singtel Innov8, Hyundai Motor Group, Krungsri Finnovate, and Charisma Partners — a cross-section of strategic investors from banking, telecoms, and automotive sectors betting on Whale's proprietary Business World Model.
This latest injection of capital builds on a wave of government and private sector funding flowing into Singapore's AI ecosystem. Whale, founded by Jerry Ye, builds what it calls the AI Operating System (AIOS) — a platform that connects digital and real-world workflows by interpreting signals from cameras, sensors, and audio the way large language models process text. Its flagship products, SpaceSight and Echo, convert physical retail spaces into data-rich environments, analysing foot traffic, dwell time, sales conversations, and operational compliance at scale. The company now serves over 1,600 enterprises across 45 countries, managing 600,000 edge AI nodes globally.
The Business World Model at the core of Whale's platform is trained to perceive, reason, and act on physical-world data in real time, essentially giving enterprises a continuously updated digital twin of their operations. With this extension, Whale plans to deepen its footprint across North America and Asia-Pacific while expanding into MENA and Europe. Existing investors Bosch Ventures, MTR Lab, MDI Ventures, and Gentree Fund also participated in earlier Series C closes, underscoring the breadth of strategic conviction behind Whale's approach.
Singapore continues to punch above its weight as a launchpad for enterprise AI companies targeting global markets. Whale's ability to attract blue-chip strategic capital from Japanese, Thai, South Korean, and European investors — while remaining headquartered here with Singtel Innov8 on its cap table — signals that the city-state's AI ecosystem is producing foundational infrastructure companies, not just consumer apps. The company's IMDA-accredited standing further reinforces the trust factor that makes Singapore a credible base for sovereign enterprise AI deployments.
Why it matters for Singapore: Whale's $100 million Series C is a reminder that Singapore's AI strength lies not just in policy frameworks and research institutes, but in homegrown enterprise technology companies capable of competing on the global stage. With Singtel Innov8 as a strategic backer and a product deployed across thousands of enterprise locations worldwide, Whale demonstrates that Singapore can build deep-tech AI infrastructure — the kind of platform-layer technology that defines how industries operate — rather than just riding the wave of foreign AI tools.