In a significant boost to Vietnam's tech ecosystem, AI Hay, a promising artificial intelligence startup, has successfully raised $10 million in a Series A funding round. The round was led by Southeast Asia-focused venture capital firm Argor Capital, with participation from notable investors including Square Peg, Northstar Ventures, AppWorks, and Phoenix Holdings.
Founded by veterans of Vietnam’s leading consumer tech platforms, AI Hay is positioning itself as a key player in the AI industry with its innovative Generative Knowledge Discovery Platform. This latest funding brings the company’s total capital raised to over $18 million, signaling strong investor confidence in its vision and technology.
The investment from Square Peg, a prominent venture capital firm known for backing high-growth tech startups across Asia-Pacific, underscores the potential of AI Hay to disrupt the regional AI landscape. The funds are expected to accelerate product development, expand market reach, and enhance the platform’s capabilities to cater to a broader audience.
AI Hay aims to leverage artificial intelligence to empower businesses and individuals with advanced tools for data-driven decision-making. The platform’s focus on generative AI technologies is particularly timely, given the growing global demand for intelligent solutions that can adapt and innovate.
This funding round is a testament to Vietnam’s burgeoning status as a hub for tech innovation in Southeast Asia. With increasing investments in AI and tech startups, the country is rapidly gaining attention from global investors seeking the next big opportunity in emerging markets.
As AI Hay continues to grow, industry observers anticipate that this investment will pave the way for further collaborations and advancements in the AI sector, potentially positioning Vietnam as a leader in the regional tech space.
Alfred Lee
