ADVANCE.AI Secures US$80M Led By Pavilion Capital And Gaorong Capital

ADVANCE.AI, the Singapore headquartered big data and artificial intelligence company recently announced that it has secured US$80 million funding. This funding round was led by Pavilion Capital and Gaorong Capital. The funding round also saw the participation from eGarden Ventures, Unicorn Venture and also existing investors  Vision Plus Capital and GSR Ventures.

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ADVANCE.AI serves some of the key domains including banking, telecommunications, FinTech, and retail and leverages its cutting edge data platform powered by Artificial Intelligence, credit scoring, and Big Data. The company strives to transform both traditional and upcoming industries.

ADVANCE.AI has some of the most cutting edge offerings:

• Advance Guardian – A cutting-edge anti-fraud detection service. This is used to flag the fraudulent loan applications
• Advance Booster – This is the flagship AI and data consultancy service by ADVANCE
• Advance Connect – This is a lead generation platform powered by AI for customer acquisition

Read more about ADVANCE.AI’s offerings.

Along with this, e-KYC (Electronic-Know Your Customer) solution by ADVANCE is an industry-leading user verification offering powered by ID Recognition, Face Comparison, Liveness Detection, and Risky Face Search technologies. This helps in improving business efficiency by lowering errors and verification costs.

Jefferson Chen, Co-founder, and CEO of ADVANCE.AI, said: “We believe AI as technology will benefit society by enabling better, faster and more personalized access to products, services, and information.”

ADVANCE.AI boasts of more than 300 customers across five different markets in Asia (Singapore, Vietnam, Indonesia, Philippines, and India).

The future looks promising for this AI startup.