Egune AI Secures $3.5M to Strengthen Mongolia’s AI Ecosystem

Ulaanbaatar based AI startup Egune AI has raised $3.5 million in a funding round led by Golomt Bank, boosting its valuation to $38.5 million.

Egune AI Gears Up for Expansion with $3.5M Funding Round

Founded in 2023, Egune AI focuses on developing AI solutions tailored to the Mongolian language and culture. Its flagship product, Egune Chat, empowers users to learn, search, and enhance productivity in their native language, with applications spanning education, healthcare, and legal services.

The fresh capital will fuel Egune AI’s expansion and accelerate its product development efforts. The investment underscores growing confidence in Mongolia’s tech sector and highlights the rising demand for culturally relevant AI solutions tailored to local markets.