Singapore-based artificial intelligence (AI) startup Wiz.ai has secured around $6 million in a fresh funding round, the media reported.
According to media reports, Wiz.ai will use the funds to expand its product offerings and grow its teams in Southeast Asia.
The funding round for Wiz.ai was led by GGV Capital.
Other investors that also participated in the funding round for Wiz.ai include Wavemaker Partners, ZWC Partners, Insignia Ventures, and Orion Fund.
Jennifer Zhang, Wiz.ai’s co-founder and chief executive officer told the media, “Through improved AI chatbot technologies, conversational AI will revolutionize call centre functions and improve customer engagements cost-effectively.”
Wiz.ai develops conversational AI for Southeast Asian languages. According to the startup, its solution can help businesses cut costs while improving customer service with personalised inbound and outbound calls.
Currently, Wiz.ai serves businesses in healthcare, insurance, banking, telecommunications, and ecommerce sectors. The startup also serves the Singapore government in a payment related sector.
Recently, another Singapore-based AI startup Sentient secured an undisclosed amount in a fresh funding round to fuel its expansion plans.
The funding round for Sentient was led by Japanese internet company Digital Garage Group. Other investors who also participated in the funding round for Sentient include deep-tech accelerator Leave a Nest and ABC Dream Ventures, the corporate venture capital firm of Japanese TV broadcasting firm Asahi.
The AI landscape in Singapore does lag behind the US and China, however, over the years, Singapore has taken significant steps to position itself as a leader in the AI field. Reportedly, Singapore rolled out a national AI strategy and committed more than $354 million to fund AI projects under its Research, Innovation, and Enterprise 2020 plan.