Thailand
Amity Raises $100 Million: A Major Boost for Thailand's AI Sector
The Thai AI startup Amity secures significant funding to enhance its capabilities and expand into European markets.
Amity, a prominent Thai AI technology company, has announced the successful completion of a $100 million Series D funding round, which is reported as the largest fundraising for Generative AI in Southeast Asia. This round was led by EDBI, a Singapore-based investment firm under SG Growth Capital, alongside contributions from Asia Partners, SMDV, and other existing and new investors, including CMLIM Capital.
The funds will be utilized to enhance Amity's AI capabilities, accelerate growth in Southeast Asia and Europe, and strengthen its AI Research and Application Center (ARAC) based in Singapore. The company also plans to bolster its regional go-to-market strategies and pursue strategic acquisitions, with an aim to go public in the future.
“Kriangwat said that Vertical AI designed for specific industries has the potential to deliver clear and measurable ROI for clients.”Kriangwat Chiaravanont, CEO and Founder of Amity
According to CEO and founder Kriangwat Chiaravanont, Amity has experienced remarkable growth, achieving an annualized revenue of $100 million for the first time, which reflects a tenfold increase compared to 2022. Notably, over 75% of EBITDA in 2025 is expected to come from its European operations, highlighting its successful international expansion.
“Kriangwat said that in the past year, their annualized revenue reached $100 million for the first time, growing over tenfold compared to 2022.”Kriangwat Chiaravanont, CEO and Founder of Amity
Amity employs the “3Bs – Build, Buy, Bridge” approach. This involves building AI capabilities through ARAC, expanding through mergers and acquisitions in Southeast Asia and Europe, and integrating the strengths of its subsidiaries to enhance AI solutions for commercial applications.
Kriangwat said that Amity believes “Vertical AI,” tailored for specific industries, has the potential to deliver measurable ROI for clients. He also noted the evolution of “Agentic AI,” which aims to go beyond mere analytical tools to become intelligent systems capable of executing business processes effectively.