Singapore-based AI company Agnes AI is preparing for a potential listing on the Singapore Exchange (SGX) by end 2026, possibly making it one of the first sovereign-model AI companies to go public in Southeast Asia.
The planned listing comes as the company surpasses US$10 million in annual recurring eevenue (ARR) and approaches the US$20 million threshold, fuelled by rapid global adoption of its AI applications and the upcoming launch of its model API business. Agnes AI now serves nearly 10 million users worldwide.
The company has developed fully proprietary AI models designed and trained in-house — a rare achievement globally as countries race to build sovereign AI capabilities. Its latest LLM series, Agnes‑1.5‑Pro and Agnes‑1.5‑Lite, recently entered global benchmark rankings, with the Agnes Claw model series placing seventh and twelfth worldwide. The models outperformed offerings from several China and US decacorns, including GLM‑5, Qwen‑3.5 and MiniMax‑M2.1.
Agnes AI has also built a suite of applications across search, productivity and multimodal generation, reinforcing its identity as a model company powering real-world use cases rather than a single-product AI tool.
Having raised tens of millions of dollars to date, it is finalising its latest funding round. A successful SGX listing would mark a milestone not only for Agnes AI but for Singapore’s ambition to anchor more deep-tech and AI companies in its public markets.
Photo: Edward Lim
Entelechy Asia 