From banks to automobiles to telecommunications, investors are backing the same argument. Whale’s AI OS turns what’s happening in the field into decisions at scale.
With its $100 million Series C, Whale, the global enterprise AI company, today announced a $40 million extension to expand its global enterprise AI adoption. The round was led by CMB International (through an investment fund under CMBI focused on AI and frontier technologies) and SMBC Asia Rising Fund (SARF, Sumitomo Mitsui Banking Corporation’s corporate venture capital fund), with participation from Krungsri Finnovate (CVC arm of Krungsri/Bank of Ayutthaya, part of MUFG), Singtel Innov8, Hyundai Motor Group, and Karisma Partners. Previous Series C participants include Bosch Ventures, MTR Lab, MDI Ventures, Gentree Fund, and Linear Capital.
Businesses are grappling with rising operational costs and the urgent need to transform unstructured operational data into decision-ready intelligence, and we’re already delivering that today. ”
— Jerry Yeh, Whale Founder and CEO
Headquartered in Singapore and with a growing footprint in North America, Whale serves more than 1,600 enterprises in over 45 countries and manages more than 600,000 edge AI nodes worldwide through its proprietary Business World Model (BWM).
This Series C3 expands Whale’s reach into North America and APAC, with MENA and Europe also on the horizon. Founder and CEO Jerry Yeh sees this as “advancing what we’ve been building” by expanding our team globally and expanding our platform integrations to address enterprises’ growing need to transform unstructured operational data into decision-ready intelligence.
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Zheng Xiang, vice president of Charisma Partners, said: “We believe Whale is poised to lead the next generation of enterprise AI infrastructure.”
Whale’s platform connects online data to the physical environment through SpaceSight (vision intelligence), Echo (sales conversation analytics), Lume, Alivia, Harbor, and Novus, turning stores, showrooms, and facilities into intelligent operations.
“We look forward to combining Whale’s technology with SMBC Group’s global customer network and industry expertise to deliver value across industries and geographies,” said Mayoran Rajendra, Managing Director and Head of AI Transformation, SMBC Group.
Whale’s AI track record in Asia Pacific has validated CMBI. “Whale has built a strong technology foundation with a clear direction in enterprise AI, and Jerry and his team have demonstrated the ability to execute across complex real-world deployments, which is rare at this scale,” said Dr. Zhang Guoyong, General Manager of Private Equity Investment Management at CMBI. “We see long-term potential in their approach and are pleased to support their next stage of growth.”
Krungsri Finnovate has identified a strategic match with its ASEAN network. “Whale is one of the few players with native enterprise-grade AI that can power a full suite of omnichannel products across the customer journey. That’s why we chose to invest through Krungsri’s strong presence in Thailand and ASEAN and MUFG’s global network, which puts us in a good position to support Whale’s expansion across the region.” Managing Director and Head of Portfolio Growth and Investor Relations at Krungsri Finnovate.
Hyundai Motor Group focused on a different angle: moving AI beyond software to real business outcomes. “We’re excited to support Whale in extending its enterprise AI platform beyond software enablement to address real-world business operations, translating innovation into tangible business impact for customers across sales, marketing, service and customer engagement,” said Keith Noh, VP and head of ZER01NE, Hyundai Motor Group. “I look forward to working with the team on the next stage of growth as Whale deepens its presence across key markets.”
“We have seen Jerry and the Whale team continue to deeply embed AI capabilities into their enterprise products. Their ability to evolve with AI has led to rapid growth in both product strength and global reach. As one of Whale’s early investors, Linear Capital is excited to see Whale emerge as a global leader in enterprise AI,” said Jen Cann, Managing Director at Linear Capital.
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