Singapore-based enterprise AI company Whale has raised $40 million in a Series C extension, bringing its total Series C funding to $100 million, as it looks to expand operations across North America, the Middle East, and Europe.
In a statement on Wednesday, Whale said the round was led by Hong Kong’s CMB International (CMBI), the investment banking arm of China Merchants Bank, via a fund focused on AI and frontier technology, and Japan’s SMBC Asia Rising Fund (SARF), the corporate venture capital arm of Sumitomo Mitsui Banking Corporation.
Other participants include Krungsri Finnovate, the corporate venture arm of Thailand’s Krungsri Bank under the ecosystem of Japan’s MUFG; Singapore Telecommunications’ venture arm Singtel Innov8; South Korea’s Hyundai Motor Group; and Charisma Partners.
Whale’s key development is an AI operating system for enterprise operations. It can can connect digital and physical workflows through its Business World Model, an AI model designed to process signals from cameras, sensors, and audio inputs. Whale serves more than 1,600 enterprises across more than 45 countries in sectors including retail, automotive, food and beverage, manufacturing, and financial services, and manages more than 600,000 edge AI nodes globally.
Its two primary products are SpaceSight, which processes camera and IoT sensor data across stores and commercial facilities to measure foot traffic, dwell time, and operational compliance, and Echo, which analyses sales conversations to identify patterns among high-performing staff and generate coaching programs.
The broader platform includes four additional components: Lume, which handles AI-powered content distribution; Alivia, which covers workflow automation and intelligent agents; Harbor, which manages knowledge and compliance; and Novus, which provides AI infrastructure and governance.
Together with SpaceSight and Echo, the company’s combined suite can operate as a full-stack AI operating system for business activities. It can utilize the Business World Model to give enterprises a continuously updated picture of how their operations run and generate executable actions at scale.
Jerry Ye, Founder and CEO of Whale, said the funding is directed at scaling teams globally, deepening enterprise partnerships, and expanding platform integrations with local infrastructure. He said enterprises across regions are facing rising operational costs and a need to convert unstructured operational data into decision-ready intelligence.
Mayoran Rajendra, Managing Director and Head of AI Transformation at SMBC Group, said Whale’s ability to structure data from physical environments and turn real-world activities into actionable intelligence was a key factor in the investment, alongside the opportunity to combine Whale’s technology with SMBC Group’s client network.
Singapore’s Whale secures $60M to expand enterprise AI suite globally