fileAI raises USD 14 million to scale AI-powered workflow automation
fileAI, an enterprise AI startup, has raised USD 14 million in a Series A funding round co-led by Illuminate Financial, Antler Elevate, Insignia, and Heinemann Group, This latest round brings its total funding to over USD 20 million.
Based in Singapore, fileAI specializes in automating workflows by leveraging AI to process unstructured data—such as PDFs, spreadsheets, and emails—for clients spanning financial services, insurance, accounting, and manufacturing.
According to company claims, fileAI has automated more than 200 million documents, saving clients an estimated 420,000 hours and USD 7 million in costs.
The startup plans to use the new funds to further enhance its proprietary AI capabilities and to launch a new platform in the first quarter of 2025. This forthcoming platform will be tailored for finance, operations, and legal teams and is expected to introduce features such as automated document comparison, discrepancy detection, and compliance assurance tools.
GOAT Gaming secures USD 4 million to expand gaming on Telegram
GOAT Gaming, a platform for competitive and casual gaming on Telegram, has raised USD 4 million in funding. Key investors in this round include TON Ventures, Karatage, Amber Group, and Bitscale Capital. This infusion brings the platform’s total funding to around USD 15 million.
Founded by the team behind Mighty Bear Games, GOAT Gaming plans to use its capital to build an interactive entertainment ecosystem on Telegram. The company aims to host hundreds of games and is rolling out AI-powered autonomous gaming agents called “AlphaGOATs.” Its proprietary AI, developed since 2016, reportedly powered the launch of 37 games in 2024. The new autonomous agent offering is set to launch on February 6.
“We believe that Telegram is the most accessible gateway to Web3 and GOAT Gaming is on the way to hosting hundreds of games, integrating countless autonomous agents, and delivering a seamless, AI-driven gaming experience,” said Simon Davis, CEO of GOAT Gaming.
SoftBank in talks to invest up to USD 25 billion in OpenAI
SoftBank Group is reportedly in early discussions to invest USD 15–25 billion in OpenAI, potentially becoming its largest external investor, according to the Financial Times.
If finalized, this deal could eclipse Microsoft’s estimated USD 13 billion stake in OpenAI and push the startup’s valuation to around USD 300 billion, which would position OpenAI among the most valuable private companies globally, second only to SpaceX, which is valued at roughly USD 350 billion.
These talks occur as OpenAI reaffirms its commitment to the Stargate Project—a joint venture with Oracle and SoftBank that aims to build up to USD 500 billion in AI infrastructure over the next four years. SoftBank has already pledged USD 15 billion to the project, and a portion of its potential OpenAI investment may help finance the initiative.
In addition to this capital injection, SoftBank is also expanding its AI portfolio by forming a joint venture to bring OpenAI’s technology to corporate clients in Japan and is expected to pay an annual fee of about USD 3 billion to integrate OpenAI’s models across its global businesses.
Utsav raises INR 63.5 million to expand religion tech platform
Utsav, an Indian religion tech startup and platform, has raised INR 63.5 million—around USD 730,000—in a pre-Series A funding round led by Equanimity Investments, with participation from India Quotient.
The company plans to use the funding to scale operations by onboarding additional temples in India’s first- and second-tier cities, while also planning an international expansion to serve the Indian diaspora.
In addition, Utsav intends to enhance its platform’s personalization features by introducing real-time pandit consultations and upgrading its logistics network to ensure faster delivery of religious offerings.
Elev8.vc, 129Knots, HongShan, and more made recent headlines:
- Elev8.vc, a venture capital firm based in Singapore, closed a USD 30 million fund targeting early-stage startups specializing in fields such as artificial intelligence, robotics, medtech, and advanced manufacturing.
- 129Knots, a fintech company incubated under Singapore EDB’s Corporate Venture Launchpad program, officially launched with USD 10 million in funding led by Sing Fuels.
- HongShan, previously the Chinese investment arm of Sequoia Capital, acquired a majority stake in Stockholm-based audio equipment maker Marshall Group.
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