PadiTech’s 10-Year Journey to the Peak of Technology
Founded in 2014, PadiTech has focused on AI research and development, emerging as a leading IT enterprise in Vietnam.
The First Steps
PadiTech aims to become a pioneer in applying AI and Blockchain to business development. In 2017, the Signal Pro View platform was launched, generating 40 billion VND in revenue and marking a significant turning point in PadiTech’s technological journey. Padi-AI specializes in analyzing stock market and cryptocurrency trends, helping investors and financial institutions make more informed decisions.
Progress on the Journey
Not only applying AI, PadiTech also explores the potential of combining AI and Blockchain, which has made it one of the prominent names in the wave of Industry 4.0 technology. The company has developed notable products such as chatbots, image recognition systems, voicebots that help businesses automate customer service, e-KYC (electronic identity verification), document analysis and processing, virtual MCs—innovating digital communication—and AI-HUB, which connects intelligent AI solutions, alongside 10 other solutions.
Recognition as a Top 10 AI & Blockchain Enterprise
During the Covid-19 pandemic, PadiTech invested 25% of its revenue into developing Simple Docs Pro IDP (Intelligent Document Processing), a document digitization platform that supports organizations in their digital transformation processes. This is evidence of the company’s capability to apply technology in practical use and its pioneering role.
Becoming a Leader
In the highly competitive technology market, PadiTech has proven its competitive edge. In 2021, the company’s revenue tripled compared to 2019, thanks to the launch of the Real Assistant AI platform, which allows businesses to quickly create chatbots from user and enterprise data, enhancing customer experience. This success has positioned PadiTech as a trend-leading company.
Innovation and the ability to flexibly adapt to market trends are the key differentiators that have continuously earned PadiTech recognition, securing its place in the “Top 10 AI and Blockchain Enterprises in Vietnam” and the “Top 50 Leading IT Enterprises in Vietnam.” The company has also expanded its influence through partnerships with major domestic players such as Viettel, Mobifone, and CMC Telecom, as well as international giants like Rakuten, Samsung, and Webnics Corp, showcasing its global standing.
PadiTech receives the Top 10 AI award.
Challenges and How PadiTech Overcame Them
PadiTech’s path to success was not without challenges, such as the rapid technological changes, competitive pressure from large enterprises, and the difficulty of maintaining a high-quality workforce. However, PadiTech overcame these challenges by constantly recruiting talent, investing in infrastructure, and building a massive data warehouse. For PadiTech, innovation is the key to success. Mai The Tai, CEO of PadiTech, once shared: “We believe that innovation is not just a strategy but also a culture that we pursue every day.”
Vision and Future Direction
In 2024, PadiTech aims to achieve the “Great Place To Work” certification and be among the most favored technology companies in Vietnam. By early 2025, Padi Academy is expected to be established in collaboration with top technology universities such as Polytechnic University and the University of Information Technology. PadiTech plans to research and develop a Blockchain as a Service platform and expand its product portfolio, with a goal of launching five new products each year, expecting a 50% annual revenue growth and reaching 20 million USD by 2027.
With a strong desire to expand into international markets, PadiTech plans to establish a presence in five countries within the APAC region, increasing its R&D budget to 20 billion VND per year to create groundbreaking products. In a world where technology changes daily, only companies that dare to think, innovate, and stay true to their strategic vision can assert their position. For PadiTech, technology is not just a tool but a key to unlocking a better future. We believe that with unwavering ambition, PadiTech will continue to pioneer, lead, and shape new technology trends, not only in Vietnam but worldwide.
