Whale, a Singapore-based enterprise artificial intelligence (AI) company, has announced the successful completion of two consecutive funding rounds — Series C1 and Series C2—raising a total of over $60 million.

The firm said in a statement on Monday that in its May 2025 Series C2 round, the firm brought in new strategic investors, including BOSCH Ventures, MTR Lab, Singtel Innov8, MDI Ventures, and Gentree Fund.

This follows the Series C1 round completed in early 2023 which had participation from existing investor Temasek and Linear Capital.

These strategic investors are not only financial backers, but also industry leaders across mobility, connectivity, infrastructure, and deep tech.

For instance, Bosch Ventures and MTR Lab, co-lead investors in the Series C2 round, are connecting Whale with potential industry opportunities beyond their investment support.

Through the investment, they – along with co-investors are supporting Whale’s expansion into key sectors including automotive, fashion, fast-moving consumer goods (FMCG), and food and beverages (F&B).

Whale will explore strategic collaborations with its investors to accelerate go-to-market initiatives, co-develop enterprise AI solutions, and expand into new markets—particularly across Southeast Asia, North America, and global innovation hubs.

This funding also marks a pivotal moment in Whale’s journey to become the leading enterprise AI infrastructure company in Asia, North America and beyond.

With this capital, the firm will accelerate its go-to-market efforts, deepen product innovation, and scale global operations to meet the growing demand for intelligent business systems.

Key priorities include product advancement, global expansion, talent, research and development (R&D), customer success.

The firm will continue to develope its AI-native product suite — including SpaceSight, Echo, Harbor, and Alivia — with a focus on modularity, performance, and ease of enterprise integration.

It will also strengthen its presence in key markets across Southeast Asia, North America, and Europe, supporting both multinational and regional brands with localized capabilities.

The firm will also expand its engineering and AI research teams to stay at the forefront of spatial computing, voice intelligence, and generative AI.

The firm will also invest in solutions that deliver measurable impact for enterprise clients across industries such as retail, F&B, healthcare, consumer electronics, and automotive.

“This round marks an exciting step toward our long-term vision of building intelligent infrastructure for the world’s most forward-thinking enterprises,

“We’re focused on pushing the boundaries of enterprise AI—combining deep tech with real-world operational impact,” said Jerry Ye, Founder and Chief Executive Officer of Whale.

Donald Wihardja, Chief Executive Officer of MDI Ventures, said that as enterprise AI continues to evolve, they are seeing growing demand how solutions like Whale’s finally can solve urgent pain points in businesses in emerging markets across Southeast Asia.

“Thus, we look forward to assist Whale in growing, as well as assisting Indonesian companies to fully utilize AI, especially by leveraging Telkom’s business opportunities,” he said.

This investment in Whale marks MTR Lab’s first AI-driven retail tech investment, aligning with its strategic focus on new retail innovation, as well as smart mobility and proptech, all under the core themes of smart city and sustainability.

With its investment in Whale and focus on retail tech, MTR Lab aims to leverage advanced AI technologies to drive the growing digitalization of retail, helping the sector deliver better integrated online and offline customer experiences that align with MTR Lab’s smart city vision.

Founded in 2017, Whale supports over 600 enterprise customers across more than 20 countries.

The firm builds AI-native enterprise product solutions designed to help businesses automate operations, accelerate decision-making, and gain deeper customer insight.

Its platform integrates advanced AI, internet of things (IoT), and data infrastructure technologies — offering a secure and scalable foundation for intelligent business transformation.


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