Artificial intelligence start-up announces opening of new office in Dubai following $25m Series B funding
Artificial intelligence start-up Taiger, whose clients include European banking giant Santander, has announced the opening of a new office in Dubai.
Positioned as one of the fastest growing start-ups in Singapore, Taiger's expansion follows its largest funding round with a Series B totalling $25 million.
"We have known about the growing demand within the region for some time now and with the new resources, we are excited to be able to meet these needs and strengthen our market position with a capable team ensuring, as always, the highest of qualities," said Neil Briody, VP of sales in Dubai.
Taiger's AI solutions apply advanced semantic and human-reasoning, along with machine learning and natural language processing to deliver 90 percent-plus in three key enterprise work processes - information extraction, virtual assistance and enterprise search.
Taiger was responsible in helping Banco Santander earn the EFMA Banking Innovation of the Month award in July. By leveraging Taiger's data extraction capabilities, it become the only bank in the world to achieve a 100 percent digital SME customer on-boarding, improving their productivity and cutting processing time from 7 days down to 15 minutes.
"Taiger's technology is universal. We continue to push boundaries, empower organisations globally through their digital transformation and innovations," said Sinuhe Arroyo, founder and CEO.
He said Taiger, which also has offices in Hong Kong, New York, Madrid and Mexico City, will be increasing resources in engineering, research and development, with plans to expand in Korea and Japan.