Cyclone Robotics, the leader in AI-powered RPA, is expanding its global presence and puts the central focus on Southeast Asia.
According to the Asian Development Bank, after a slowdown in 2020 due to the Covid-19 pandemic, Southeast Asia economies are returning to pre-pandemic levels. They are set to grow 4.9% in 2022 and 5.2% in 2023. SEA’s digital economy is expected to reach US$300 billion in gross merchandise value by 2025. Favorable business conditions in Southeast Asia have already drawn multinational companies and fast-growing startups to set up operations within the region, with many choosing Singapore as their home base for their Asia Pacific (APAC) and SEA teams.
As one of the key participants in the recent roundtable on Saas + GPT technology, organized by the Singapore Economic Development Board and KrAsia media company, Cyclone Robotics emphasized Southeast Asia as a hyper-growth area where the population is moving from the bottom of the pyramid to higher tiers of economic prosperity.
As a SaaS provider seeking new business opportunities in Southeast Asia, Cyclone recognized that the region is “multi-speed,” meaning it may need to operate in multiple countries of varying levels of economic maturity.
To implement this expansion strategy, the company has opened offices in Malaysia and Hong Kong, and it also operates through its strategic partners in Japan, Indonesia, and Oceania, enabling an AI-powered, automated future in the region.