Fano Labs Secures Series B Funding, Eyes Growth in APAC

Fano Labs, a Hong Kong-based company specializing in “language artificial intelligence technologies,” has completed its Series B funding round led by Openspace Ventures. Other investors participating in this round include HSBC, Greater Good Investment and the family office of Hong Kong billionaire Kenneth Lo, in addition to existing shareholders. Fano Labs did not disclose the specific amount raised.

Founded in 2015 as a spin-off from the University of Hong Kong, Fano Labs offers a range of AI-driven solutions including an AI transcriber, chatbot and voicebot that can handle multi-language conversations in different linguistic contexts.

Fano Labs focuses on addressing common challenges in multilingual environments, which are especially prevalent in regions such as Singapore and across Asia. For example, one of its upcoming products, Callinter, can quickly analyze audio recordings to detect instances of misconduct or misselling, addressing compliance challenges often faced by the financial services industry.

The recent capital infusion will fuel Fano Labs’ expansion across the Asia-Pacific region, with a particular focus on setting up an office in Singapore to serve international clients.

Miles Wen, co-founder and CEO of Fano Labs, expressed his excitement about the company’s expansion into the APAC market. Lead investor Openspace Ventures echoed this sentiment, with Jessica Huang Pouleur, a partner at the investment firm, stating that the move will “open new avenues for growth and strengthen (Fano Labs) position as an industry leader.”

With robust investor support and ongoing expansion plans, Fano Labs is well-positioned to leverage the AI ​​trend and solidify its leadership in language AI technology, paving the way for further innovation and growth.