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Singapore adtech startup AdAsia restructures, launches two new companies

AdAsia, Singapore-based online advertising startup, announced that it has restructured the business by establishing AnyMind Group as its parent company and launched two new companies: TalentMind, the operator of an AI-driven human resource technology platform, and CastingAsia, the operator of an AI-driven marketing technology platform.

All three firms including AdAsia Holdings, TalentMind and CastingAsia, will be under the umbrella of AnyMind Group, headquartered in Singapore.

“The name AnyMind was derived from our focus on intelligent solutions and our scalability into any industry. Ultimately, we want to power businesses and professionals with a suite of AI-based solutions, enabling them to easily achieve greater scale and efficiency within and across departments,” said Kosuke Sogo, co-founder and CEO of AnyMind Group.

Since starting operations in April 2016, AdAsia Holdings has expanded into 10 offices in nine countries. It generated $12.9 million in revenue in 2016 and saw 30 per cent quarter-on-quarter revenue growth in 2017.

He said the company has also grown to 250 staff, with a target headcount of 400 by 2019.

“The company has grown at a good rate, but we’re now looking to accelerate this growth by launching into the human resource industry and more, whilst continuing to drive innovation within the marketing and advertising space,” said Otohiko Kozutsumi, COO and co-founder of AnyMind Group.

Apart from existing offices in Singapore, Thailand, Vietnam, Indonesia, Cambodia, Japan, China, Hong Kong and Taiwan, AnyMind Group also plans to expand into Malaysia and the Phillippines in the first quarter of 2018, along with India, Russia and the United Arab Emirates within 2018.

Source: DealStreetAsia

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