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- Telkomsel Ventures Leads Series A Funding for Tictag
Telkomsel Ventures Leads Series A Funding for Tictag
Telkomsel Ventures, the investment arm of Indonesia's leading digital telco, Telkomsel, has spearheaded a Series A funding round for Tictag, a data-centric AI company based in Singapore.
Key Highlights: Telkomsel Ventures led the funding round with contributions from M Venture Partners, East Ventures, Investible, and SBI Ven Capital, showcasing a strong coalition of support.
Strategic Importance: This investment aligns with Telkomsel’s mission to enhance Indonesia's digital economy and drive national digital ecosystem development.
Tictag’s Background: Founded in 2019 in Singapore, Tictag aims to democratize AI usage and currently serves over 50 companies across various sectors in Asia.
Regional Growth: Tictag plans to use the new investments to expand its presence in Indonesia and Asia, responding to the region's rapid AI market growth.
This funding round marks a significant milestone for Tictag, propelling it towards greater influence in the AI and data service sectors across Asia.