Krungsri buys into Amity as the Thai AI group dresses its cap table for an IPO
Eight months after Amity announced a Series D of more than US$100 million, the round is still open for business. The Thailand-founded AI group said on Monday that Finnoventure Private Equity Trust I, a fund managed by Krungsri Finnovate, has come in as a strategic investor, extending the Series D round led by EDBI, the […] The post Krungsri buys into Amity as the Thai AI group dresses its cap…
The Thai AI group Amity has secured a strategic investment from Krungsri Finnovate, a venture capital arm of Krungsri Bank, in the company's ongoing Series D round. This comes eight months after the initial announcement of the US$100 million round. The bank's involvement lends credibility to the pre-IPO story, as it demonstrates that a regulated, conservative institution sees potential in the venture.
Amity has reported over $100 million in annualized revenue for 2025 and aims to hit $200 million by the end of 2026, indicating strong growth since 2022. With over 10 million monthly active users across more than 20,000 organizations, Amity is focusing on vertical AI, creating industry-specific tools for sectors like retail and customer communications.
This partnership with Krungsri is a preliminary data collaboration with EGG Digital, a subsidiary of Amity, aimed at personalizing solutions for customers through their data and machine-learning capabilities. However, the partnership's specifics, such as data sharing and consent, remain unclear, as Thailand's personal data protection laws restrict the use of personal information.
Written by urgent.news from e27's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
