fileAI, a Singapore-based leader in automating the processing of unstructured data, has raised US$14 million in its latest Series A funding round. The round was led by returning enterprise solution investors, including Illuminate Financial, Antler Elevate, Insignia Ventures Partners, and Heinemann Group. This funding brings the company’s total investment to over US$20 million.
The funds will be directed towards advancing the company’s research and product development, particularly to enhance its capabilities in AI-driven file management. fileAI is planning to launch a new platform in Q1, specifically aimed at addressing the needs of financial and legal departments. This innovative platform will utilise proprietary file-processing models to automate workflows for extensive documents. Among its key features will be document comparison, discrepancy detection, data validation, and compliance assurance.
Founded in 2021 by Christian Schneider and Clare Leighton, fileAI is at the forefront of revolutionising data processing. The platform uses advanced artificial intelligence to simplify data extraction, organisation, and enrichment across various file types and documents.
Trusted by major global companies such as MS&AD, Toshiba, KFC, DirectAsia, and Nippon, fileAI processes more than 200 million files each year. The platform has been pivotal in delivering significant productivity improvements and cost savings for its clients. Supporting over 200 languages, fileAI is helping businesses of all sizes to eliminate manual processes and unlock greater efficiency.