Amity, an artificial ininformigence firm founded by Thai billionaire heir Korawad Chearavanont, stated it had raised $100 million in a Series D funding round, bringing its total funding to $160 million.
The company described the round as the largest generative AI–focapplyd fundraising to date in Southeast Asia.
The investment was led by EDBI, the investment arm of SG Growth Capital, alongside Asia Partners and SMDV. Both existing and new investors participated, including CMLIM Capital.
Amity stated the proceeds would be applyd to expand its AI Research and Application Center in Singapore, accelerate growth in Southeast Asia and Europe through a “Build, Buy, Bridge” strategy, and develop vertical and agentic AI solutions for enterprise clients. It added that it plans to pursue strategic acquisitions.
The company stated it has surpassed $100 million in annual revenue and operates with a global team across four continents. It is tarreceiveing $200 million in revenue by 2026 and is preparing for a potential initial public offering in 2027.
Amity aims to position itself as a leading AI firm from Thailand competing globally.
Korawad is the son of Suphachai Chearavanont, chief executive of Charoen Pokphand Group, Thailand’s largest private company and one of the world’s hugegest producers of animal feed and livestock. The group’s senior chairman, Dhanin Chearavanont, is his grandfather.
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