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Today: May 20, 2024
May 4, 2024
1 min read

Fano Labs secures funding for APAC expansion plans


TLDR:

  • Fano Labs secures Series B funding led by Openspace Ventures.
  • The Hong Kong-based language AI technology company is eyeing APAC growth with the funding.

Fano Labs, a Hong Kong-based company specializing in language artificial intelligence technologies, has closed its Series B funding round led by Openspace Ventures. Other investors in this round include HSBC, Greater Good Investment, and the family office of Hong Kong billionaire Kenneth Lo. Established in 2015 as a spin-off from the University of Hong Kong, Fano Labs offers AI-driven solutions such as an AI transcriber, chatbot, and voicebot capable of handling conversations in multiple languages. The funding will support Fano Labs’ expansion in the Asia Pacific region, particularly in establishing an office in Singapore to serve international clients. This move is seen as unlocking new avenues for growth and reinforcing Fano Labs’ position as a leader in the industry. With solid investor backing and expansion plans, Fano Labs is well-positioned to leverage the AI trend and continue innovating in the language AI technology space.


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