iKala provides AI-driven digital transformation and data-driven marketing solutions to increase customer acquisition capability and customer lifetime value.
iKala CEO and co-founder, Sega Cheng says the successful funding round comes on the back of a strong growth trajectory over recent years, with expansion into new markets and strong technology development.
“With this funding, we look forward to exploring new opportunities in AI commerce beyond our existing markets,” says Cheng.
The company says the latest round of funding takes total funding to US$30.3 million and will be used to further boost iKala’s AI and digital technology innovation.
The funds will also be used to expand into new markets including Indonesia and Malaysia, while strengthening its position in its existing key markets of Singapore, Thailand, Taiwan, Hong Kong, Philippines, Vietnam and Japan.
This strategic investment marks the lead investor Wistron Digital Technology Holding Company’s entry into Southeast Asia.
Wistron’s Vice Chairman & President of New Business, Robert Hwang says iKala’s AI and software capabilities will be a value-adding element to Wistron’s long-held and leading hardware industry presence.
“We have heavily invested ourselves in digital transformation and further creation of new business to provide our clients with new opportunities brought by digital transformation,” he says.
iKala board member and former Google Taiwan managing director, Lee-Feng Chien says the partnership will be major driving force for transforming Taiwan into an AI industry and talent hub in Asia.
“Taiwan has an excellent reputation for having some of the best high tech talents in both hardware and software around the region.”
Previous investors Hotung Investment Holdings Limited and Pacific Venture Partners have also joined the latest funding round.