Singapore-based artificial intelligence (AI) firm Akro has on Tuesday announced a $700,000 Pre-Seed funding round led by Amigos Venture Capital.
The round also saw participation from strategic angel investors across financial services, healthcare and consumer technology, to automate data workflows in regulated industries, Akro said in a statement.
“In regulated industries, information is fragmented, documents are inconsistent and mistakes carry real consequences. That’s why organizations still rely on armies of people to process information manually,
“This funding will go towards expanding our engineering team to accelerate product development and purchasing more AI hardware to deepen our research efforts,” said Marcus Quek, Co-Founder and Chief Executive Officer of Akro.
According to the statement, in regulated industries, critical work still depends on unstructured documents and fragmented knowledge, leaving teams to spend days manually extracting, validating and reporting information.
Akro automates that work. Its proprietary AI models read scanned documents, handwriting and messy forms, extracting them more accurately than frontier AI models and existing document intelligence solutions.
It learns about the business and runs data workflows end-to-end. Instead of a single general-purpose model, Akro uses a network of specialized models that run faster at a fraction of the cost, with complete data privacy.
Within its first year, Akro progressed from an early prototype to production deployments with government and enterprise customers, including defense, financial services and logistics organizations, and scaled the team from two to eight people.
Akro has also signed a strategic partnership with ti&m to extend its reach in Asia Pacific (APAC) and Europe, the Middle East, and Africa (EMEA).
“What stood out to us was the founders themselves: their conviction, technical depth and pace of execution,
“The traction Akro has built in just one year speaks to their ability, and we are proud to lead this round and partner with them on this journey,” said Mattias Rejman, Co-Founder & General Partner of Amigos Venture Capital.