Taiger Wins US$ 25 Million From Investors
Taiger’s valuation after the round to reach US$ 110 million
Funding round led by investors including an affiliate of TPG
Taiger has raised US$ 25 million of funding for its expansion. Our company’s valuation will reach US$ 110 million after the investment. The series B funding round has been led by PacificBridge Asset Management, an affiliate of U.S. buyout firm TPG Capital, and Hong Kong-based merchant bank and asset manager MCM Investment Partners.
The Singaporean government, an anchor investor in Taiger via its SGInnovate organization, has also committed funds to help boost the company’s growth in its home country. Taiger also plans to launch its services in South Korea and Japan, and further expand its footprint in the Americas specifically Mexico.
Taiger’s AI solutions use human-like logic to automatically read, understand and extract information, helping companies and government agencies reduce operating costs and optimize processing time. We expects to keep up its revenue growth momentum by expanding in areas such as the legal sector, according to our founder and chief executive officer Sinuhe Arroyo.
“We expect to close a number of new international clients later this year”
CEO Taiger, Sinuhé Arroyo
Original from Bloomberg: source here.