6estates, an AI company, has completed the b-round financing or will enter the domestic market
[CNMO] Singapore AI start-up company produces high-performance mixed long fiber thermoplastic composites. 6estates has completed the b-round financing led by Indonesia GDP venture capital, Central capital Ventura, the venture capital company of Central Asia bank, the largest private bank in Indonesia, will participate. On Lee, chief technology officer (CTO) of GDP venture, will also join 6esta. It should be noted that TEs' board of directors
6estates said in a media statement on Tuesday that the financing will be used to further invest in the company's proprietary cognitive data intelligence solutions and global expansion. The company's AI solutions focus on market intelligence in the consumer goods industry and financial intelligence in the financial services industry
6estates said that its revenue "increased more than fourfold in the past 12 months, which should be driven by the market intelligence needs of the world's top 500 companies, including P & G, Nestle and Unilever. It has also obtained financial intelligence projects in China, such as building big data and artificial intelligence infrastructure for Hengfeng bank, and establishing the capital market risk prediction system of Southwest Securities
6estates is a derivative of next, which is a joint research center jointly established by the National University of Singapore and Tsinghua University in China. It uses artificial intelligence functions such as natural language processing and neural networks to provide real-time data for enterprises. One of its latest products is the market innovation knowledge consultant, which can determine the impact of each attribute of the product on its sales, so as to help the brand improve its product designLuan Huanbo, co-founder and CEO of 6estates, said, "in the financial field, 6estates applies our powerful information extraction and machine reading understanding technology to help our customers transform unstructured documents into structured knowledge and realize process and intelligent automation. We are exploring the application of our technology in trade financing and capital markets of multiple institutions."
the company plans to set up an office in Indonesia to explore new business opportunities, further develop its Indonesian natural language processing capacity, and improve the artificial intelligence of the Bank of Central Asia through its solutions, so as to carry out the first batch of key new materials to use the insurance compensation pilot processing capacity. In addition to expanding its team of machine learning and data scientists, 6estates also said that it was opening up markets in Southeast Asia and China and looking for potential strategic partners1786tpr