About AI as a Service sector in Asia
The AI as a Service sector in Asia comprises 1.28K companies, including 438 funded companies having collectively raised $8.38B in venture capital money and private equity. Out of these, 171 are Series A+ funded, and 6 have achieved unicorn status.
AI as a Service sector in Asia has seen 36 acquisitions and 9 IPOs.
This sector includes companies that provide access to AI capabilities via cloud platforms, APIs, or subscription-based models, allowing businesses to integrate AI functionality without building or maintaining the underlying infrastructure.
This includes cloud-based AI platforms offering pre-built models, APIs for text, speech, image, or data analysis, machine learning training and deployment services, and AI tools for analytics, recommendation engines, or process automation. Also covers managed AI services that provide model customization, monitoring, and support. Excluded are AI solutions that require on-premise installation without cloud or API access, standalone software that does not provide AI functionality as a service, and consulting or implementation services that do not offer ongoing AI capabilities via a platform or API.
Top AI as a Service Companies in Asia
There are 1,276 AI as a Service startups in Asia which include Eka Care, HyperVerge, [24]7.ai, Atomicwork, Qure.ai. Out of these, 438 startups are funded, with 171 having secured Series A+ funding, and 6 achieving unicorn status.
Over the past 10 years, an average of 107 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIT Bombay and Tel Aviv University.
Here is the list of top AI as a Service startups in Asia
1. Eka Care
Provider of AI-powered EMR, EHR, and patient engagement solutions. The solutions streamline operations and enhance patient care for doctors and hospitals. A developer platform allows for the creation of healthcare solutions using AI-enhanced tools. It provides an intelligent clinical assistant that leverages artificial intelligence to streamline medical documentation, provide patient insights, and enhance clinical decision-making through voice-enabled features and automated documentation capabilities.
Key facts about Eka Care
- Founded Year: 2020
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $19.5M
- Investors: Hummingbird Ventures, PeerCapital and 32 Others
- Latest Funding Round: Series A, Feb 22, 2023, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 2 of 4,806 Competitors
2. HyperVerge
Developer of AI-powered automation software for small business lending processes. The platform provides tools for identity verification, document analysis, and risk assessment. It offers features such as optical character recognition, fraud detection, and compliance monitoring. The software aims to streamline underwriting, improve accuracy, and accelerate loan application workflows.
Key facts about HyperVerge
- Founded Year: 2014
- Location: Palo Alto (United States)
- Stage: Seed
- Total Funding till date: $1M
- Investors: New Enterprise Associates, Naya Ventures and 5 Others
- Latest Funding Round: Seed, Aug 18, 2015, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 9 of 1,420 Competitors
3. [24]7.ai
Provider of AI-powered platform and services for customer experience management. The company offers a platform designed to improve customer interactions across various channels. It delivers solutions for customer acquisition, self-service, and agent support. The company also provides services including omnichannel management, customer care outsourcing, and professional support to enhance customer relationships.
Key facts about [24]7.ai
- Founded Year: 2000
- Location: San Jose (United States)
- Stage: Series A
- Total Funding till date: $22M
- Investors: Sequoia Capital, Sherpalo Ventures and 2 Others
- Latest Funding Round: Series A, 2003, $*****
- Tracxn Score: 70/100 What is this?
- Competitors Rank: 19 of 4,353 Competitors
4. Atomicwork
AI based platform to streamline the IT service management and employee experience processes. It offers AI solution for automating IT workflows and HR support and employee success. It enables employees by connecting them with the tools and teams. Its AI Assistant answers employee questions and service requests via chatbots integrated with collaboration tools including Slack and Microsoft Teams. Features include a conversational AI assistant, out of the box automation, customizable workflows, asset management, incident management, and employee self service.
Key facts about Atomicwork
- Founded Year: 2022
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $40.3M
- Investors: Z47, Blume Venture and 9 Others
- Latest Funding Round: Series A, Sep 17, 2025, $*****
- Tracxn Score: 68/100 What is this?
- Competitors Rank: 2 of 65 Competitors
5. Qure.ai
Developer of AI-powered solutions for medical image analysis and reporting. The company offers tools for chest X-ray reporting, lung nodule management, and stroke and tuberculosis identification. It provides a platform for screening programs and case management, enabling care coordination and monitoring of program developments.
Key facts about Qure.ai
Companies founded year-on-year in the AI as a Service sector in Asia
221 AI as a Service startups in Asia were founded in 2024 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 128 |
2024 | 221 |
2023 | 199 |
2022 | 102 |
2021 | 78 |
2020 | 78 |
2019 | 82 |
2018 | 55 |
2017 | 73 |
2016 | 56 |
Stage-wise distribution of AI as a Service sector companies in Asia
Out of the total 1,276 AI as a Service companies in Asia, 438 have secured funding. Among them, 171 have reached Series A or higher, and 96 to Series B or beyond.
Founded - 1,276
Funded - 438
Series A+ - 171
Series B+ - 96
Series C+ - 66
Company Stage | No. of companies |
|---|---|
Founded | 1,276 |
Funded | 438 |
Series A+ | 171 |
Series B+ | 96 |
Series C+ | 66 |
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Funding Trends in the AI as a Service sector in Asia
Total funding year-on-year in the AI as a Service sector in Asia
The AI as a Service sector in Asia saw a total funding of more than $8.18B in the last 10 years. The most amount of funding was in 2021 at more than $1.8B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $1.45B |
2024 | $856M |
2023 | $749M |
2022 | $1.25B |
2021 | $1.8B |
2020 | $881M |
2019 | $387M |
2018 | $677M |
2017 | $93.9M |
Recent Funding Rounds in AI as a Service in Asia
In the year 2025, till December 2025, AI as a Service companies in Asia have raised $1.44B in equity funding across 82 rounds.
In the same period last year (i.e. till December 2024), AI as a Service companies in Asia had raised $661M across 103 rounds.
So, 2025 has seen a 117.88% rise in funding in AI as a Service companies in Asia as compared to 2024.
Here are some recent, important funding rounds in AI as a Service companies in Asia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Angel | 1683 | Dec 15, 2025 | ||
Series B | 9608 | Dec 11, 2025 | and 1 more | |
Seed | 3250 | Dec 10, 2025 | ||
Seed | 5831 | Dec 09, 2025 | - | |
Series B | 8321 | Dec 09, 2025 |
Top Investors in AI as a Service in Asia
Plug and Play Tech Center is the top investor in AI as a Service companies in Asia based on number of companies invested.
Here are some top investors in AI as a Service companies in Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Sunnyvale (United States) | ||
Palo Alto (United States) | ||
Menlo Park (United States) | ||
Redwood City (United States) | ||
Cambridge (United States) |
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M&A activity in AI as a Service sector in Asia
In the year 2025, till December 2025, 8 acquisitions happened in AI as a Service sector in Asia. Last year, in 2024, a total of 4 acquisitions happened in AI as a Service sector in Asia.
Here are some recent, important acquisitions in AI as a Service sector in Asia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 30, 2025 | ||
Business Acquisition | Nov 25, 2025 | ||
Business Acquisition | Nov 04, 2025 | ||
Business Acquisition | Sep 10, 2025 | ||
Business Acquisition | Sep 04, 2025 |
Acquisition trends in AI as a Service sector in Asia
Here are the acquisition trends in AI as a Service sector in Asia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 8 |
2024 | 4 |
2023 | 5 |
2022 | 5 |
2021 | 5 |
2020 | 2 |
2019 | 5 |
2018 | 1 |
2017 | - |
IPOs in AI as a Service in Asia
In the year 2025, till December 2025, 1 IPO happened in AI as a Service sector in Asia.
Here are some recent, important IPOs in AI as a Service sector in Asia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Dec 24, 2025 | Tokyo Stock Exchange (TYO) | |
Oct 28, 2024 | Tokyo Stock Exchange (TSE) | |
Sep 28, 2023 | Hong Kong Exchanges (HKG) | |
Mar 09, 2023 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Apr 12, 2022 | National Stock Exchange (NSE) |
Colleges which produce the most AI as a Service companies in Asia
Companies founded by alumni from top colleges in the AI as a Service in Asia
Most number of AI as a Service startups in Asia have been founded by alumni from BITS Pilani, IIT Bombay and Tel Aviv University.
College | No. of companies |
|---|---|
BITS Pilani | 30 |
IIT Bombay | 29 |
Tel Aviv University | 29 |
IIT Kanpur | 23 |
IIT Kharagpur | 22 |
IIT Delhi | 21 |
IIT Madras | 14 |
IIM Calcutta | 11 |
IIT Roorkee | 11 |
Indian School of Business | 11 |
Total funding in AI as a Service companies founded by alumni from top colleges in Asia
In the last 10 years, Tel Aviv University graduates' AI as a Service companies in Asia have raised the most funding among top colleges. Yale University alumni are second, and Massachusetts Institute of Technology alumni are third.
College | Total Funding |
|---|---|
Tel Aviv University | $1.6B |
Yale University | $791M |
Massachusetts Institute of Technology | $697M |
IIT Delhi | $393M |
IIT Bombay | $340M |
Stanford University | $277M |
BITS Pilani | $268M |
IIT Madras | $237M |
Tsinghua University | $209M |
Technion Israel Institute Technology | $197M |
Top News in AI as a Service in Asia
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Sweetener maker Manus democratizes monk fruit availability with fermentation in Augusta, Ga.FoodNavigator-USA•Jan 06, 2026•Manus
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qXR from Qure.ai obtains regulatory clearance for paediatric TB screeningIndiaMedToday•Oct 17, 2025•Qure.ai
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Early investors pile into Q-commerce, AI despite risks: RTP Global’s Nishit GargLivemint•Aug 24, 2025•Kluisz, Trupeer, RTP Global
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Tabnine optimizes AI systems for efficiency and ingenuity using NVIDIA Nemotron modelsGlobeNewswire•Aug 11, 2025•Tabnine, Nvidia
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Spheron Taps Wire Blockchain to Bridge Compute Power and Interoperability for AI Apps
Blockchainreporter•Jul 17, 2025•Spheron, Blockchain
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Aethir & Credible Launch DePIN-Powered Credit Card for ATH Token HoldersCoinDesk•Jul 16, 2025•Aethir, Credible Labs
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TrueFoundry is working to create AI that builds and manages agentic AIYourStory•Jul 04, 2025•TrueFoundry, Meta
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