To implement auditable AI in regulated financial institutions, Singapore’s Pints AI raised $5.6 M

With participation from SEEDS, NTUitive, SUTD Venture Fund, Tenity, and SBI Ven Capital, Singapore-based enterprise AI startup Pints AI has secured $5.6 million in a pre-Series A round headed by Tin Men Capital.

The cash can extend the company’s AI deployment platform for regulated financial institutions throughout Asia Pacific and the Middle East, according to a statement released on Monday by Singapore-based Tin Men Capital.

The company’s platform, Autothought, creates a complete audit trail for each AI-assisted decision while automating procedures like underwriting, claims, and onboarding by connecting directly to the core systems of banks and insurers. Twelve universities in four different countries have used the platform to save a total of $10 million in less than two years.

The money raised will be used by the company to develop Autothought Studio, a suite of tools that will enable institutions’ own engineering teams to create and oversee AI applications internally, grow the engineering team, and establish governance and audit capabilities for new regulatory contexts.

Because choices made in underwriting, claims, or credit evaluation must be traceable and defendable to regulators, most AI projects inside financial institutions fail to go past the trial stage. Pints AI can assist address this major obstacle in the adoption of regulated AI.

The Reserve Bank of India, the Monetary Authority of Singapore, the Hong Kong Monetary Authority, and other regional authorities can all be satisfied using Autothought. Uncertain outputs are marked for human review, and each AI-assisted choice can be linked to its original data.

According to Partha Rao, CEO and co-founder of Pints AI, organizations that integrate AI into fundamental operations like underwriting, credit decision-making, claims, and compliance will outperform their competitors. The executive said, “Autothought was designed so every decision can be tracked, audited, and defended to any regulator in the world.”

According to Murli Ravi, co-founder and managing partner at Tin Men Capital, Pints AI has been discreetly implementing auditable AI in financial institutions, saving clients tens of millions of dollars. This kind of value will define the next stage of AI adoption worldwide.

Pints AI has a unique understanding of the compliance-first deployment environment, according to Eiichiro So, CEO of SBI Ven Capital. The CEO continued, Autothought represents what regulated institutions actually need to trust live AI operations.