Singapore-based data and AI-as-a-service company Tictag has completed its Series A round with undisclosed funding led by Telkomsel Ventures.
Existing investors M Venture Partners, East Ventures, and Investible participated. SBI Ven Capital, a subsidiary of Japan’s SBI Holdings, joined the round through its joint fund with South Korea’s Kyobo Securities and NTU Singapore’s NTUitive.
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Operating in Singapore, South Korea, Indonesia, Malaysia, and Hong Kong, the company will use the funds to engage more businesses and expand its presence in Indonesia and the rest of Asia.
Established in 2019, Tictag is a data-centric startup aiming to simplify data collection and annotation by breaking tasks into manageable portions via its app-based crowdsourcing platform. It empowers organisations with business-ready AI without worrying about their core problem—data.
The company recently expanded its capabilities to include applied data-centric AI and consulting services.
The data-centric approach allows Tictag to deploy business-focused AI with state-of-the-art models to deliver accurate results with actual data rather than just stopping at proof of concepts.
Tictag’s expertise in applied AI spans industries like agriculture, construction and manufacturing, security, smart cities, audio and languages and more.
The startup claims to have served over 50 corporations in various sectors, such as real estate, autonomous vehicles, agriculture, and media across Asia.
“We see our social and commercial missions as intertwined. As we enhance companies’ competitive advantages through AI-driven ROI, we are also expanding the AI economy in Asia,” stated Kevin Quah, co-founder and CEO of Tictag.
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“Our work strengthens AI ecosystems by enriching partnerships and growing a diverse community of data annotation contributors, from students to the disabled, enabling their participation in the AI economy. Indonesia represents a thriving bedrock of AI talent and businesses on the brink of AI enablement, areas we have been focusing on intensively. With Telkomsel Ventures’s support, we will gain the right expertise, knowledge, and access to significantly expand our impact in the market,” Quah added.
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Image Credit: Tictag.
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