SINARMAS Group Leads IDR 88.8 Billion Investment in AI Startup from Singapore

Singapore-based artificial intelligence (AI) document processing platform, 6Estates, pocketed US$6.2 million (approximately IDR88.8 billion) in a Series B+ funding round led by the Sinar Mas Group.

Farquhar Vent and Enterprise Singapore also participated. 6Estates will use this investment to enhance Intelligent Document Processing (IDP) solutions in various industries, from banking and finance, trading, container, logistics, to insurance. The capital injection is also used for the development of Multilingual Natural Language Processing (NLP) technology, Knowledge Graph (KG), to Machine Reading Comprehension (MRC). The services of 6Estates enable efficient business productivity through the automation of document processing operations. In the financial sector, 6Estates can help financial institutions restructure data, so that it can be used as a trading reference or credit rating. In this funding, 6Estates is also collaborating with Sinar Mas to provide financial services in Southeast Asia such as risk scoring, fraud prevention, consumer analysis, and cross-selling capabilities.

|•SOURCE•| Articles :TECH IN ASIA | Image :CNBC |

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