# Eureka AI Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/eureka-ai-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.eureka.ai
- Total disclosed funding: $31M
- Latest round: Series B (Feb 2, 2021)
- Investors on record: 14

## About

Eureka AI Pte. Ltd. specializes in advanced data analytics, offering integrated products designed to provide actionable intelligence for market insights, audience segmentation, and alternative credit scoring.Founded in 2016 in Singapore, Eureka AI Pte. Ltd. focuses on utilizing data analytics to drive market intelligence solutions. The company has successfully closed 4 deals, with the most recent funding round taking place on December 2, 2021, where they raised USD 0.50 mn from B&Y Venture Partners. The CEO, Benjamin Soemartopo, leads the company, which has not undergone any significant pivots in its strategy since its inception.Eureka AI offers three integrated products: Omni, a market intelligence platform that provides insights into market share and customer profiles; Explorer, which allows clients to create audience segments based on specific criteria; and Spectrum, an alternative data credit score that enhances loan approvals for financial institutions. Their services cater to various industries, including ride-hailing, eCommerce, and banking, with operations across over eight countries.In the most recent year, 2020, Eureka AI reported a revenue of USD 597,648 and an EBITDA of USD -5,661,725. The company's revenue model is based on subscription services for their three main products, allowing clients to choose flexible plans tailored to their business needs.Following their most recent deal in December 2021, Eureka AI plans to utilize the growth funding to enhance and expand their offerings. The company is focusing on developing new products, including advanced features for their existing platforms. Additionally, Eureka AI aims to penetrate new markets in Southeast Asia by 2023, leveraging their funding to broaden their geographical reach and strengthen their product portfolio.

## Funding rounds

- Series B, Feb 2, 2021, $26M — Gobi Partners, Riyad Capital, Apis Partners, GDP Venture, B&Y Venture Partners, SGInnovate, PacificBridge Asset Management, MEC Ventures, Cianna Capital
- Series A, Oct 31, 2018, $5M — East Ventures, PT. Kreatif Media Karya, Triputra Group, True Incube, Archimedes New Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Series A
- PT. Kreatif Media Karya — Series A
- Triputra Group — Series A
- True Incube — Series A
- Archimedes New Ventures (https://capitalatlas.ai/funds/archimedes-new-ventures) — Series A
- Gobi Partners (https://capitalatlas.ai/funds/gobi-partners) — Series B
- Riyad Capital (https://capitalatlas.ai/funds/riyad-capital) — Series B
- Apis Partners (https://capitalatlas.ai/funds/apis-partners) — Series B
- GDP Venture (https://capitalatlas.ai/funds/gdp-venture) — Series B
- B&Y Venture Partners (https://capitalatlas.ai/funds/b-y-venture-partners) — Series B
- SGInnovate (https://capitalatlas.ai/funds/sginnovate) — Series B
- PacificBridge Asset Management — Series B
- MEC Ventures — Series B
- Cianna Capital (https://capitalatlas.ai/funds/cianna-capital) — Series B