AnyMind Group announced that it has raised $13.4 million in its Series B round of funding that was led by LINE Corporation and Mirai creation Fund, backed by Toyota Motor Corporation. The existing shareholder's Dream Incubator and JAFCO Asia also returned to join the funding round.
The Singapore-based company is an AI-based solutions provider. It will use the new funding to develop its platforms that it uses for its advertising, digital marketing, and HR industries. The funding will help the company to source more talent to up its efforts to grow its market share.
The CEO and co-founder of the AnyMind Group Kosuke Sogo said: “We have experienced great growth in the past 2.5 years, and are now looking to enter our next phase of progress – expanding market share in the geographies and industries we’re in.”
The company started as AdAsia Holding in 2016. But the company has grown rapidly into 11 markets and has 13 offices around the world. The company clocked an impressive $12.9 million in revenue in its first year and doubled it by bringing in $26 million in 2017. With fresh funding, AnyMind will be able to stick to its upward trajectory as it explores new markets.