Singapore startup Intelllex bags $2.1m from Quest, Reuters, Insignia, others

Professional services firms have always struggled with knowledge management. Organizing information is costly and tedious, and searching for assets using keywords is often ineffective. Intelllex, an AI-powered knowledge management platform, aims to address these pain points.

To do so, the Singapore-based startup has secured US$2.1 million in a funding round led by Quest Ventures. Thomson Reuters, Insignia Ventures, K3 Ventures, and a Singapore government-backed venture capital fund also participated, according to a statement.

Intelllex team / Photo credit: Intelllex

With the new funds, Intelllex plans to extend its services across Europe and Asia Pacific and accelerate the development of new products, said Chang Zi Qian, the startup’s co-founder and CEO.

Intelllex was established in 2015 by Qian, along with Ellery Sutanto and Li Jianxin, and is led by a team with legal experience. It uses AI to convert a company’s knowledge assets into ready-to-use materials that can be easily accessed when needed.

According to Sutanto, the company’s own technology automates document categorization and enhances a search function’s accuracy to help businesses save time and reduce manual labor.

“Our next product upgrade will explore applications beyond the legal industry to related knowledge-based industries like financial services regulation, corporate finance regulation, and tax,” Sutanto shared.

With offices in Singapore and London, Intelllex currently serves law firms, government and regulatory institutions, corporate legal teams, and legal content providers.

Its early backers include Creative Technology CEO and chairman Sim Wong Hoo, 3V SourceOne Capital co-founders Tan Kim Seng and Jeffrey Khoo, ex-Partner Group managing director Kelvin Chan, and Razer early investors Chandra Mohan and Chong Chiet Ping.

Quest Ventures partner Jeffrey Seah will join Intelllex’s board of directors following the startup’s latest funding round.