SINGAPORE (Aug 24): Taiger, an Artificial Intelligence (AI) solutions company, today announced that it has closed its Series A round, obtaining $8 million in funding, led by Tembusu ICT Fund and SG Innovate.

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​Tembusu Partners is a Singapore-based private equity firm specialising in growth capital and mezzanine investments in Singapore and Emerging Asia.

The funding comes from Tembusu ICT Fund I, Singapore’s only software-focused venture capital fund and one of six funds selected by the National Research Foundation (NRF) as part of the Early Stage Venture Fund II scheme.

SGInnovate, a government-owned entity which operates under the NRF, has also participated in this round.

Taiger is an accredited company under the Info-communications Media Development Authority (IMDA) that specialises in information access and knowledge extraction, with technology that applies both symbolic and probabilistic disciplines of AI.

The company’s AI solutions are taught to read and understand information similar to humans, transforming unstructured information to valuable knowledge for businesses and their customers.

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Sinuhe Arroyo, CEO and founder of Taiger says, “With funding secured, we can now focus on pumping up our sales and R&D efforts here in Singapore and expanding our presence worldwide.”