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§ Private Profile · Jakarta, Indonesia
Applied AI for The Emerging Economies
Latent Space has raised $8.0M across 1 funding round.
Key people at Latent Space.
Latent Space was founded in 2022 by Albert Sahala (Cofounder) and Gery Nugraha (Founder) and Faza Fahleraz (Founder) and David Kossnick (Founder/CEO).
Latent Space has raised $8.0M in total across 1 funding round.
Latent Space develops AI applications specifically designed to address the unique challenges and opportunities in emerging economies. Our products are Author.space (create docs & slides in seconds with AI), GoVisa.id (AI-enabled online visa and permits application) and Supa.id (hyperlocal knowledge AI for 280M+ Indonesians).
Latent Space has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Series A in April 2017.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2017 | $8M Series A | — | Allegory, Alumni Ventures, Bain Capital Ventures, Broadway Angels, Craft Ventures, Curious Capital, Flybridge Capital Partners, FPV Fund, Framework Venture Partners, Griffin Gaming Partners, GV, Kleiner Perkins, Locus Ventures, Maveron, OMERS Ventures, OurCrowd, Pillar VC, Propeller VC, Roofstock, RRE Ventures, Social Capital, Sorenson Ventures, South Park Commons, The Venture Reality Fund, TQ Ventures, Alex Rodriguez, Alice Lloyd George, BEN Davenport, Jaan Tallinn, Kevin LIN, Michael Stoppelman, Pierre Valade, Prescott Watson, SEP Kamvar | Announced |
Latent Space was founded in 2022 by Albert Sahala (Cofounder) and Gery Nugraha (Founder) and Faza Fahleraz (Founder) and David Kossnick (Founder/CEO).
Latent Space has raised $8.0M in total across 1 funding round.
Latent Space's investors include Allegory, Alumni Ventures, Bain Capital Ventures, Broadway Angels, Craft Ventures, Curious Capital, Flybridge Capital Partners, FPV Fund, Framework Venture Partners, Griffin Gaming Partners, GV, Kleiner Perkins.
Latent Space is an applied AI company focused on emerging economies, particularly in Southeast Asia, with a strong emphasis on Indonesia. It builds AI-powered workflow automation and administrative solutions tailored to the unique regulatory, linguistic, and operational challenges in these markets. Its flagship products include GoVisa, an AI-enabled visa and permit application platform, and SuperAI, which automates internal administrative workflows for businesses and government entities. Latent Space primarily serves startups, SMEs, and enterprises operating in or expanding to emerging economies, helping them navigate complex bureaucratic processes more efficiently. This local-first approach differentiates it from global AI workflow automation providers by addressing pain points often overlooked by broader platforms[1][3].
For an investment firm, Latent Space represents a mission-driven AI venture that leverages technology to unlock efficiencies in underserved emerging markets. Its investment philosophy likely centers on supporting AI applications that solve real-world problems in complex regulatory environments, focusing on sectors such as government services, fintech, and enterprise SaaS. By enabling startups and businesses in these regions to scale more effectively, Latent Space positively impacts the startup ecosystem by lowering operational barriers and fostering digital transformation[1][3].
Latent Space was founded by a team of Indonesian engineers and entrepreneurs, including Faza, Gery, and Albert, who met at the Bandung Institute of Technology, Indonesia’s top engineering school. The idea emerged from firsthand experience with the inefficiencies in payment and administrative workflows in Indonesia’s large informal and social commerce sectors, where many transactions occur over messaging apps without robust payment infrastructure. Albert’s experience at L’Oreal highlighted the pain points of manual payment reconciliation and lack of seamless payment options for sellers on platforms like WhatsApp and Instagram. This insight led to the creation of Payable, an online payment infrastructure product that is cheaper and easier to use than existing solutions, and eventually expanded into broader AI workflow automation under Latent Space[3].
Latent Space rides the wave of applied AI adoption in emerging markets, where digital transformation is accelerating but faces unique challenges such as fragmented regulatory environments and limited existing infrastructure. The timing is critical as AI capabilities mature and become more accessible, enabling startups like Latent Space to leapfrog traditional inefficiencies. Market forces favor solutions that can automate complex government and business workflows, reduce manual errors, and improve compliance. By focusing on emerging economies, Latent Space helps broaden the global AI ecosystem beyond developed markets, fostering innovation and inclusion in regions often overlooked by major tech players[1][3][5].
Looking ahead, Latent Space is well-positioned to expand its AI applications across more sectors and geographies within emerging markets, leveraging its local-first approach and enterprise-grade technology. Trends such as increased AI adoption in government services, fintech, and enterprise SaaS will shape its growth trajectory. Its influence may evolve from a regional AI workflow automation provider to a key enabler of digital infrastructure in emerging economies, potentially attracting further investment and partnerships. The company’s focus on building robust, scalable AI infrastructure tailored to local needs will be crucial to sustaining momentum and impact in these fast-growing markets[1][3][5].
Key people at Latent Space.