Singapore, 29 June 2026 — Amity (or the “Company”), the Southeast Asian enterprise AI technology company founded in Thailand, today announced the official launch of its Singapore office and AI Research & Application Center (ARAC). The expansion follows its recent landmark US$100 million Series D funding round1, led by EDBI, arm of SG Growth Capital, the investment platform of EDB and Enterprise Singapore, alongside Asia Partners and SMDV, with participation from existing and new investors, including CMLIM Capital.
The Singapore hub will serve as Amity’s regional headquarters for Southeast Asia, and the global home of its AI research capabilities as it targets US$200 million in annualised revenue by end-2026 and prepares for a public listing in 2027.
The launch marks a significant milestone in Amity’s growth trajectory. Having surpassed US$100 million in annualised revenue in 2025 – growing more than tenfold since 2022 – Amity is entering its next phase of expansion and growth with Singapore as its strategic hub. The company is deploying its US$100 million Series D capital across three strategic priorities: accelerating Agentic AI development and compressing R&D timelines through ARAC; fuelling strategic M&A targeting high-potential software companies in Europe and Southeast Asia; and attracting top-tier engineering and commercial talent to Singapore. This move also positions the company to better support enterprise clients across the ASEAN region.
Amity’s platforms serve over 10 million monthly active users across more than 20,000 organisations in over 20 countries. More recently, Amity’s subsidiary, Tollring, entered into a definitive agreement to acquire UK-based Code Software. Subject to customary closing conditions, the proposed transaction will bring together two major forces in the communications analytics space—further expanding Amity’s global presence and market share across the UK, US, EU, and ANZ regions, while affirming its continued strategic focus on AI-driven analytics and recording capabilities.
Mr. Korawad Chearavanont, Amity's Executive Chairman & Founder, said: “When we started Amity, we believed that Asian enterprises deserved AI that is built for their reality, not tools designed for other markets and retrofitted for ours. Singapore is where that belief comes to life. The ARAC is not just a research centre, it is our commitment to building the foundational AI capabilities that enterprises across Asia will run on for the next decade, and the base from which we intend to accelerate Amity's next phase of growth. We have grown tenfold in three years – Southeast Asia is at an inflection point, and we are not here to observe it. We are here to define it.”
ARAC: Where Research Meets Enterprise Outcomes
At the heart of Amity’s Singapore presence is the AI Research & Application Center (ARAC), which develops vertical AI models purpose-built for enterprises – trained on real industry data rather than generic datasets.
Unlike general-purpose AI platforms, ARAC’s models are designed from the ground up for the operational complexity of Asian enterprises: the channel diversity, language variation, and industry-specific workflows that define how large organisations run.
ARAC operates on a “Build-Buy-Bridge” strategic framework, designed to close the gap between AI research and sustained business impact. Current development focuses on agentic AI – intelligent systems capable of executing end-to-end business processes autonomously – and vertical models tailored for retail, telecommunications, and other services.
Amity is actively hiring across AI research, engineering, and go-to-market disciplines in Singapore, creating high-value employment in disciplines central to Singapore’s national AI agenda. The company has planned for up to 60 roles to be created in the next three years.
Singapore as a Deliberate and Strategic Choice
As Asia's premier enterprise technology hub, Singapore offers the convergence of research talent, regulatory sophistication, and institutional infrastructure that Amity’s next phase of growth demands. For a company building AI that must perform reliably across diverse languages, regulatory regimes, and enterprise environments, Singapore's position at the intersection of these markets makes it uniquely suited to anchor Amity’s work.
Amity chose Singapore largely due to its AI ecosystem and the ambition behind its national AI agenda — a clear signal that the country is investing seriously in the same sectors where Amity's vertical AI models are built to serve, including financial services, advanced manufacturing, connectivity, and healthcare. Singapore's refreshed National AI Strategy alongside the establishment of the National AI Council to guide the country's AI direction, are strong signals that enterprise AI is not a peripheral interest but a national economic priority.
The Singapore base will strengthen the Company's capacity to deliver solutions at scale, backed by a five-company ecosystem: Amity Solutions, Tollring, EGG Digital, Amity Accentix, and Amity-Nordstar. Together, they deliver CX, analytics, communications, and voice capabilities from a single partner. This gives enterprise clients a breadth of solutions that would otherwise require multiple vendor relationships. Singapore's role as regional headquarters means this integrated offering can now be delivered with greater proximity to Amity's growing base of clients across Southeast Asia and beyond.
Mr. Yeung Chia Li, Senior Partner, EDBI, said: “Singapore provides a strong foundation for companies looking to develop and scale enterprise AI, with access to deep talent, a trusted and collaborative innovation ecosystem, and strong regional connectivity. Amity's decision to establish its AI Research & Application Center and regional headquarters here underscores Singapore's strengths as a hub to build advanced AI capability, commercialise innovation, and expand regionally.”
About Amity
Amity is a Thailand-founded AI and software group delivering SaaS solutions, primarily serving the retail and telecommunications industries. Recognized by DealStreetAsia in its Q1 2026 Southeast Asia Deal Review report as a leading enterprise AI solutions provider by funding value, the company drives AI innovation through its AI Research & Application Center (ARAC), headquartered in Singapore and Bangkok. Amity develops vertical AI models and integrates them across its portfolio of five core companies—Amity Solutions, Amity Accentix, Tollring, EGG Digital, and Amity-Nordstar. Amity continues to expand globally, particularly in Europe and Southeast Asia, through strategic investments and acquisitions.
About EDBI
EDBI operates under SG Growth Capital, the investment platform of the Singapore Economic Development Board (EDB) and Enterprise Singapore. We invest in high-growth global technology companies and industry leaders looking to scale in Singapore and across Asia.
Leveraging SG Growth Capital’s extensive networks and expertise, we collaborate with our portfolio companies to unlock growth opportunities, create pathways for advancement, and connect them with the resources needed for success. Through strategic investments and partnerships, we drive the development of innovative solutions, create good jobs, and contribute to Singapore’s long-term economic resilience.
Learn more: https://edbi.com/
Media Contact
Amity:
Thi Thom Pham (Nok Gaew), Senior Director of Marketing and Corporate Communication, Email: thi-thom@amity.co Worrapat Chaturongkul (Art), Public Relations Manager, Email: worrapat@amity.co
We. Corporate Advisors:
Melissa Sim, Director and Interim Managing Consultant, Tel. +65 9380 2938, Email: msim@wecommunications.com
1 According to DealStreetAsia's Q1 2026 SE Asia Deal Review on data analytics and AI/ML, Amity's Series D was the largest funding round in the AI/ML sector in Southeast Asia in Q1 2026.
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