Singularity Systems, an international AI platform company, has announced the completion of tens of thousands of US dollars financing in its series A+ round, led by INCE Capital.
JP Gan, Founding Partner of INCE Capital, noted, "Digital transformation for enterprises brings great opportunities around the world, and AI applications are well poised to deliver promising solutions in this area. AI technologies resolves many challenges that are inherent to traditional RPA products and processes, including converting unstructured data to structured data, data collection, and data utilization, which would improve the efficiency across the whole business operation process. We believe Singularity Systems will continue to grow at a rapid pace supported by its talented global team, distinguished product innovation and strong technical capabilities, and is well positioned to become a global leader in the vast market for enterprise digital transformation."
Singularity Systems, founded in 2019, is an international AI company focusing on improving the efficiency of the whole business process and empowering the digital transformation of enterprises with AI technology. It focuses on two major sectors, financial services and industry. Its customers include many leading global commercial banks, insurance companies and investment banks, world mining giants, oil and gas energy giants, and leading advanced manufacturing companies.
As of December 2021, Singularity Systems has created many benchmark cases for leading global customers in financial services, advanced manufacturing, energy and mining, the Internet and other industries. Having completed the verification of capabilities and products, it has also begun to scale rapidly, with 500% revenue growth compared to 2020.
As a globalization-oriented AI platform company, Singularity Systems has built a global team and organizational structure from the beginning. It has recruited world-renowned AI experts and young engineers/scientists from Stanford University, Carnegie Mellon University, University of California, Berkeley, Columbia University, University of Chicago, Peking University, Tsinghua University and University of Science and Technology of China. It has also built a sales team from the world's leading technology companies. This round of financing will be mainly used for subsequent product R & D, platform upgrades and the improvement of the sales network in China and overseas.