Enterprise AI company Whale closed a $40M Series C extension led by CMB International and SMBC Asia Rising Fund, drawing strategic backing from MUFG and Hyundai.
Alpha Score of 57 reflects moderate overall profile with strong momentum, moderate value, weak quality, weak sentiment.
Whale closed a $40 million extension to its Series C, lifting the total to $100 million. The company builds an AI operating system for physical spaces. Its products cover sensing and workflow automation.
CMB International and the SMBC Asia Rising Fund led the round. The investor syndicate included Krungsri Finnovate, the corporate venture arm of Bank of Ayudhya, part of MUFG. Singtel Innov8 and Hyundai Motor Group also joined. Earlier backers Bosch Ventures and MDI Ventures participated as well.
The syndicate draws in investors from banking and telecom. Each brings a channel for Whale's platform, which targets retail floors and manufacturing lines. MUFG carries an Alpha Score of 57 at AlphaScala. Santander, another large global bank with its own venture arm, scores 70.
Whale's platform runs on a proprietary Business World Model, an AI model designed for physical environments rather than text. The company said it will use the capital to scale deployments across its target sectors.
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