Singapore, 3 February 2025 – fileAI, the world’s only horizontal file processing agent AI workflow automation company, today announced it has raised USD 14m Series funding.

This round, led by returning enterprise solution investors Illuminate Financial, Antler Elevate, Insignia Ventures Partners, Heinemann Group and others, brings the company’s total funds raised to just over USD 20M.

With customers across diverse regions including Singapore, Australia, Thailand, Hong Kong, Japan and the USA, fileAI is a trusted partner for enterprises in workflow/process automation. The funding will accelerate fileAI’s mission to enhance its proprietary AI capabilities as it emerges as the solution for enterprises to shelf-off millions of dollars of their back-office expenses, while unlocking new efficiency through the power of AI.

With strong traction globally in the Financial Services and Insurance (BFSI), Accounting and Manufacturing sectors, the funds will support product development to deepen their expertise in AI file management.

Research indicates that over 80-90% of global content is unstructured, challenging businesses to manage vast amounts of data in various formats, including PDFs, spreadsheets, emails, and other unstructured formats. Further complexity arises from the need to process data across multiple languages, structures, and data sources—both digital and physical.

fileAI tackles these issues with a proprietary blend of predictive an generative AI, large language models (LLMs), and agentic workflows, enabling seamless file processing and workflow integration. The result? Significant time and cost savings for businesses, increased productivity and data transparency.

In 2024 alone, fileAI has processed and automated over 200 million pages and files, saving its clients an estimated 420,000 hours and more than USD 7 million in costs. Its solutions span industries such as, Financial Services, Insurance, Accounting, and Manufacturing, making fileAI a versatile partner for businesses.

“fileAI represents the cutting edge of enterprise AI, addressing one of the most persistent challenges businesses face—unstructured data management and scalable AI applications,” said Luca Zorzino, Partner & Head of Asia at Illuminate Financial.

“Our continued investment reflects our confidence in fileAI’s ability to redefine back-office processes, delivering measurable value for enterprises across critical sectors like BFSI and logistics. We are excited to support their expansion and innovation as they scale their impact globally.”

“This funding milestone marks a significant step forward in our journey to redefine enterprise automation with AI,” said Christian Schneider, CEO and Co-founder of fileAI.

“We’re empowering businesses to transform from within by delivering AI applications that slash operating expenses by up to 90% while boosting the topline by unlocking hidden value in unstructured data. This investment will fuel our R&D and enable us to deliver even greater value to our clients as we unlock unparalleled efficiency with AI.”

fileAI founders Christian Schneider and Clare Leighton

After three years of intensive research and development, fileAI is set to unveil its new platform in Q1. Tailored for the Compliance, Procurement, Legal, and Finance sectors, this innovative solution leverages proprietary file processing models to automate workflows for long-form documents, offering unparalleled capabilities in document comparison, discrepancy detection, data validation, and compliance assurance.

The fileAI platform revolutionizes unstructured data management by enabling businesses to process and understand large document volumes with precision and ease, significantly reducing costs associated with manual file handling while unlocking value in company data through AI-driven autonomous navigation of file data in accordance with internal and regulatory standards. Interested parties can now register for priority launch access here.

About fileAI

fileAI is the leading platform for automating unstructured data processing at scale leveraging advanced AI to simplify data extraction, organization, and enrichment across all file types and documents. Trusted by global enterprises like MS&AD, MSIG, DirectAsia, Toshiba, KFC, Pizza Hut, and Ernst & Young, fileAI processes over 200 million files annually, delivering transformative productivity gains and cost savings. With support for 200+ languages, fileAI empowers businesses of all sizes to eliminate manual processes drive productivity gains and cost savings. For more information, visit file.ai.

fileAI team

Media Contact
Ursula Tang | Digital Marketing Manager | Ursula@file.ai