This new investment marks a significant turning point, supporting 1Office's entry into the age of artificial intelligence (AI) and affirming the company's 1Office Next strategy. Accordingly, 1Office is repositioning itself from a traditional software as a service (SaaS) organization to AI as a service (AaaS), with "low-code as the heart, AI as the brain, and automation as the goal." This transformation promises to help 1Office provide more comprehensive AI solutions for Vietnamese businesses.

1Office receives a million investment from Redbadge Pacific, a major investment fund in the Asia-Pacific region. Photo: 1Office

1Office receives a $3 million investment from Redbadge Pacific, a major investment fund in the Asia-Pacific region. Photo: 1Office

Specifically, 1Office will focus on developing specialized AI agents for business administration and automation. Simultaneously, the company is building an AI platform - a core artificial intelligence platform - and deploying AI applications in internal operations such as processes, human resources, recruitment, meetings, sales, and performance evaluation.

"1Office is seeking and executing mergers and acquisitions with potential domestic AI startups to build a synchronous AI ecosystem, realizing the ambition of 'AI-izing' business administration processes," a company representative said. "Over the past 5 years, 1Office has maintained its growth rate, even during the pandemic and recession."

1Office's staff. Photo: 1Office

1Office's staff. Photo: 1Office

Following Mynavi's investment in 5/2023, the Japanese technology and human resources corporation, 1Office has grown by over 50% annually and achieved stable profits. This stems from the trust of over 6,000 customers, including brands like: Be Group, Dam Phu My, NovaGroup, Vietjet Air, Bank of China, Viet Duc Hospital, Vietnam National Oil and Gas Group, Haidilao, and Yody.

This year, 1Office expects to achieve revenue of 120 to 150 billion Vietnamese dong with the number of users exceeding 500,000. The company aims to reach revenue of 600 to 800 billion Vietnamese dong by 2030.

Redbadge Pacific, with offices in the US, South Korea, and Singapore, participated in this funding round along with domestic investors. As a global investment fund specializing in seeking pioneering business models, Redbadge Pacific places its trust in the vision and capabilities of 1Office's founding team. Domestic investors also highly appreciate 1Office's breakthrough opportunity as Vietnam accelerates digital transformation under the impetus of Resolutions 57 and 68 of the Politburo.

Le Viet Thang, Founder and CEO of 1Office, at an event. Photo: 1Office

Le Viet Thang, Founder and CEO of 1Office, at an event. Photo: 1Office

Le Viet Thang, CEO of 1Office, shared that this investment not only provides resources but also opens a new chapter in defining how Vietnamese businesses operate. He believes that AI will become the new heartbeat for organizations, helping businesses make breakthroughs in the digital age.

(Source: 1Office)