OneByZero Raises $20 Million to Put Its Own Engineers Inside Enterprises Deploying AI
Many companies have run AI pilots that never reached production. OneByZero built its business on that gap, and its first outside funding suggests the approach is working.
OneByZero, a Singapore-based enterprise AI company, raised $20 million in a Series A led by Jungle Ventures. It is the company's first external funding. Founded in 2023, OneByZero has spent three years deploying AI systems for large enterprises in regulated sectors including financial services, telecommunications and retail, using a forward-deployed model in which its own engineers work inside client companies to build AI into their systems and keep improving it after launch.
What the Company Reports
OneByZero says its revenue has more than doubled each year for the past three years. It also reports that some of its deployments have helped enterprises automate more than 90 percent of customer-facing interactions, and that its systems have cut the time required for complex data modernization projects by as much as 50 percent. These figures come from the company and have not been independently verified.
Where the Money Goes
The funding will support hiring more engineers, entry into Japan, and development of the company's NEO AI deployment platform and its AI Coworkers products. OneByZero currently operates in nine markets: Australia, India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, the United States and Vietnam. A move into Japan would add one of the region's largest enterprise technology markets.
Why a First Outside Round at This Size Matters
A $20 million Series A as a first outside round is large, and the company's reported revenue growth suggests customer demand carried it this far. The forward-deployed engineer model is service-heavy, which usually limits margins, so the platform products are how the company intends to turn project work into repeatable software revenue. Investors will watch how quickly platform revenue grows relative to services.
What This Means for Founders
Founders building enterprise AI should note that large customers in regulated industries value implementation help as much as the technology, and that a services-led start can fund a company until a product is ready. The risk is that a services business gets valued like a services business, so the story to investors must show a path to recurring revenue. If you are preparing a Series A, track the share of revenue that is recurring and be ready to explain how it will grow, using a clear ARR figure where you can. A first round led by a regional specialist such as Jungle Ventures can also help with expansion into new Asian markets.
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