As Singapore Pushes AI Nationally, Agnes AI Raises Tens of Millions in Funding and Nears $20M ARR [Yahoo! Finance]
SINGAPORE EXCH UNSP/ADR (SPXCY)
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Source: Yahoo! Finance
Singapore, March 17, 2026 (GLOBE NEWSWIRE) -- As Singapore accelerates its national AI strategy — including plans announced by Prime Minister Lawrence Wong to establish a National AI Council and expand the country's AI ecosystem — a new generation of AI companies is emerging alongside that push. One of them is Agnes AI , a Singapore-based model company powering multiple AI applications, which has just surpassed tens of millions of dollars in annual recurring revenue (ARR). The company is also working toward a potential Singapore Exchange (SGX) listing by the end of 2026 as it continues expanding its global AI platform. The milestone reflects both the company's rapid growth and a broader shift in how AI platforms are being built and deployed globally. “Our models deliver about 90% of top-tier AI capabilities at roughly 10% of the cost,” said Bruce Yang, founder and CEO of Agnes AI. “That efficiency allows us to bring advanced AI to a much broader audience than traditional AI platf
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