Wise AI Sdn. Bhd.

Wise AI Sdn. Bhd. is a Malaysia-based company specializing in advanced digital identity solutions and AI technologies, enhancing security and mitigating fraud across various sectors. Founded in 2018 in Subang Jaya, Malaysia, Wise AI Sdn.

Bhd. focuses on creating digital identity solutions. The company received investment of USD 1. 02 mn in a Seed round from Sun SEA Capital on January 21, 2022, bringing its total funding raised to USD 1.

02 mn with a current valuation of USD 5. 179 mn. Wise AI specializes in advanced digital identity solutions and intelligent AI technologies designed to enhance security, streamline processes, and mitigate fraud. Their core offerings include real-time authentication systems, seamless identity verification, and powerful Small Language Models that drive automation and decision-making across various sectors.

The company targets enterprise clients who require robust security measures to protect sensitive information while ensuring compliance with regulatory standards. Key use cases involve effortless onboarding processes, enhanced security for user access through real-time facial recognition, and solutions that guarantee the authenticity and validity of identification documents. Wise AI's products are deployed in diverse geographical markets including North America, Europe, and Asia, catering to industries such as finance, healthcare, and e-commerce. In the most recent fiscal year 2023, Wise AI generated revenue of USD 476,052.

30 with an EBITDA of USD -241,311. The company primarily generates revenue through B2B partnerships and subscription-based models, allowing businesses to integrate their AI-driven solutions into existing workflows. Clients typically engage in structured agreements, where they subscribe to specific services tailored to their operational needs. The pricing plans accommodate different levels of service utilization, including individual product offerings and comprehensive packages.

Among their flagship products are advanced identity verification solutions and AI agents that facilitate real-time decision-making. Revenue is derived from these recurring subscription fees, as well as from customized service agreements that expand as client needs evolve. Wise AI plans to utilize the recent Seed funding of USD 1. 01 mn to expand its product offerings and enhance its market presence.

Upcoming products are currently under development, aimed at strengthening their digital identity solutions. The company is looking to expand its operations into new geographic regions, specifically targeting additional markets in Asia and Europe by the end of 2024.