Ailytics, a Singapore-based B2B heavy industry software startup, has secured $2.7 million in oversubscribed pre-Series A funding.
Investors
The funding was led by Tin Men Capital, with participation from Aurum Investments, AngelCentral, and several strategic investors.
Tin Men Capital is a venture capital firm based in Singapore that focuses on B2B software startups in Southeast Asia. Tin Men invests in industrial technologies and automation opportunities that are emerging in Southeast Asia, spanning segments such as smart cities, security, manufacturing, agriculture, transportation & supply chain, retail enablement, travel & tourism, and enterprise productivity.
Ailytics Use of Funds
The company will use the funds to accelerate expansion into key markets such as Hong Kong, the Middle East, Japan, and Oceania, expand its portfolio of video analytics solutions for industrial operations, increase R&D efforts to develop next-generation solutions powered by Large Vision Models, streamline infrastructure and processes for scalability, and hasten the time to market for new use cases.
About Ailytics
Ailytics is a company that provides scenario-based video analytics solutions for heavy industries. Its solutions leverage existing cameras to provide real-time actionable insights into unsafe acts, productivity metrics, and security breaches. Ailytics’s solutions, AI-VSS, AiSafety, and AiProductivity, are capable of operating in harsh and dynamic outdoor conditions with low-specced cameras and connectivity to ensure unparalleled accuracy and precision in detection, setting new standards for operational efficiency and risk mitigation. The solution has already been deployed across more than 70 projects, integrating with over 1000 cameras spanning four countries and multiple industry verticals.
Funding Details
Company: Ailytics Pte. Ltd.
Raised: $2.7M
Round: Pre-Series A
Funding Month: April 2024
Lead Investors: Tin Men Capital
Additional Investors: Aurum Investments, AngelCentral
Company Website: https://ailytics.ai/
Software Category: Video Analytics Solutions
Source: https://ailytics.ai/ailytics-annouces-oversubscribed-us2-7m-pre-a-round/