AI startup Taiger liquidates Singapore entity, over 80 staff cut
It will focus its resources on developing its document analysis platform in Europe and Latin America
Singapore
TAIGER, an artificial intelligence (AI) startup backed by government-owned SGInnovate and corporate investors, is shutting its Singapore headquarters and liquidating its local entity after racking up debts it cannot pay, according to a regulatory filing seen by The Business Times.
Over 80 employees from the Singapore office have been terminated due to the liquidation, Taiger said in response to queries from BT.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.