Toku has raised USD 5 million in Series A Extension funding to enhance its AI-driven customer engagement solutions and support global expansion efforts.

Information on the Target

Toku is a prominent provider of enterprise cloud communications and customer experience solutions across the Asia-Pacific (APAC) region. The company has successfully secured USD 5 million in a Series A Extension funding round, led by Betatron Venture Group, with additional participation from the Hong Kong Innovation and Technology Venture Fund (ITVF). This latest funding round brings Toku's total investment to USD 18 million since its inception in 2018, allowing the company to further its ambitions in the field of AI-driven customer engagement.

The freshly acquired capital will serve to bolster Toku’s global expansion strategy and enhance the development of its AI-enhanced customer engagement solutions. With goals set at achieving USD 30 million in revenue by 2024 and profitability by 2025, Toku is poised to significantly impact the competitive landscape of cloud communications.

Industry Overview in the Target’s Specific Country

The cloud communications industry in the APAC region is experiencing robust growth, driven by an increasing demand for flexible and scalable communication solutions among businesses of v