Singapore-based enterprise modeling and simulation software provider Optimal AI increased the scale of its upcoming initial public offering last Friday. The company now plans to issue 3.8 million shares, with 34% representing secondary shares, at a price range of $4 to $5 per share, aiming to raise $17 million. The previous filing outlined an offering of 2.5 million shares, all primary, at the same price range. Based on the midpoint of the revised offering size, Optimal AI's fundraising amount would be 51% higher than initially expected. Through its subsidiary Hiverlab, Optimal AI provides integrated enterprise AI solutions for sectors including healthcare, manufacturing, logistics, and financial services. Its product portfolio includes the spatial digital twin platform SpatialWork, the web-based VR360 experience platform CloudExpo, and customized spatial XR solutions. The company's customer base is primarily located in Singapore, which accounted for 78% of its fiscal 2024 revenue, followed by Saudi Arabia at 19%, Vietnam at 3%, and other countries. Founded in 2014, Optimal AI generated $1 million in revenue over the 12-month period ending June 30, 2025. The company intends to list on the NYSE American exchange, though a definitive stock symbol has not yet been assigned. R.F. Lafferty & Co. is acting as the sole book-running manager for the offering.