Vietnamese enterprise management software firm 1Office has secured $3 million in a fresh funding round from Redbadge Pacific and several undisclosed domestic players, according to an announcement.
The development comes two years after the company raised several million US dollars in its Series A funding round from Japanese investor Mynavi in 2023.
The fresh capital will help support its ambitious “1Office Next” strategy, as the company transitions from a traditional Software as a Service (SaaS) provider to an AI as a Service (AaaS) firm.
The company seeks to develop specialised 1AI Agents to streamline enterprise management and automation while intensifying efforts to build an AI platform offering a suite of applications. These will be integrated into internal operations, spanning processes, HR, recruitment, meetings, sales, and performance evaluations.
Further amplifying its AI ambitions, 1Office is actively pursuing M&A deals with promising domestic AI startups to accelerate the creation of a cohesive AI ecosystem.
1Office claims that following a strategic investment from Japan’s tech and HR firm Mynavi in May 2023, it has achieved over 50% annual growth and sustained profitability, earning trust from over 6,000 clients.
Redbadge Pacific is the Asia-Pacific arm of Redbadge, the US-based family office of Robert L. Burch. The platform invests globally in growing businesses and ambitious entrepreneurs, with a particular focus on South Korea and Southeast Asia.
1Office’s AI push comes as Vietnam is carving out a prominent place for itself in the ongoing global tech revolution, evolving from a regional manufacturing hub into a destination for artificial intelligence and semiconductor innovation.
Last week, AI Hay, a Vietnamese AI-driven knowledge discovery platform, secured a $10-million Series A round led by Argor Capital. Existing investors including Square Peg, Northstar Ventures, AppWorks and Phoenix Holdings also participated in the round, bringing the total capital raised by the company to over $18 million.
In April, leading Vietnamese private conglomerate Vingroup divested stakes in two of its AI subsidiaries to US tech giants Nvidia and Qualcomm, reinforcing the country’s position as an emerging hub for AI innovation.
