Singapore-based fileAI raises $14m to revolutionise unstructured data management

February 3, 2025

Singapore-based fileAI, an enterprise artificial intelligence (AI) company, has raised $14m in a Series A funding round.

The investment was led by Illuminate Financial, Antler Elevate, Insignia, Heinemann Group, and other backers, according to a report from TNGlobal. This latest funding brings fileAI’s total capital raised to just over $20m.

The company specialises in automating unstructured data processing at scale, leveraging advanced AI technology to simplify data extraction, organisation, and enrichment across multiple document types. Its platform is used by global enterprises such as MS&AD, MSIG, DirectAsia, Toshiba, KFC, Pizza Hut, and Ernst & Young, and operates in key markets including Singapore, Australia, Thailand, Hong Kong, Japan, and the United States.

With this latest investment, fileAI aims to expand its proprietary AI capabilities to help enterprises cut operational expenses while improving efficiency. The company plans to enhance product development to deepen its expertise in AI-driven file management.

Christian Schneider, CEO and co-founder of fileAI, said, “This funding milestone marks a significant step forward in our journey to redefine enterprise automation with AI.

“We’re empowering businesses to transform from within by delivering AI applications that slash operating expenses by up to 90 percent while boosting the topline by unlocking
hidden value in unstructured data.

“This investment will fuel our research and development (R&D) and enable us to deliver even greater value to our clients as we unlock unparalleled efficiency with AI.”

Luca Zorzino, partner and head of Asia at Illuminate Financial, commented, “Our continued investment reflects our confidence in fileAI’s ability to redefine back-office processes, delivering measurable value for enterprises across critical sectors like banking, financial services and insurance (BFSI) and logistics,

“We are excited to support their expansion and innovation as they scale their impact globally.”