SpaceAge Labs Raises S$1.7 Million in Seed Round  

by Kay Aloha Villamor in February 28th, 2022

SpaceAge Labs, a Singapore-based IoT / AI solutions startup, has announced raising S$1.7 million (about $1.25 million) in a seed funding round co-led by Silicon Solution Partners and SEEDS Capital, the investment arm of Enterprise Singapore.

SpaceAge Labs will use this seed funding to grow its team, expand internationally, and roll out several pilot projects across Singapore, Australia, and the US.

Company: SpaceAge Labs Pte Ltd

Raised: S$1.7M

Round: Seed Round

Funding Month: February 2022

Lead Investors: Silicon Solution Partners and SEEDS Capital

Additional Investors: 

Company Website: https://www.spaceage-labs.com/

Software Category: IoT / AI solutions

About the Company: SpaceAge Labs provides cutting-edge remote monitoring and IoT solutions combining hardware, low power wireless connectivity, and advanced software that helps operations and maintenance teams increase uptime, reduce costs and improve safety. SpaceAge Labs is a deep tech startup that was incubated at NUS Enterprise @ Singapore Science Park. It is revolutionizing operations and maintenance of remote and distributed assets by collecting asset data using low-power, long-range wireless IoT devices, together with advanced AI software to generate valuable insights from this data. The company’s flagship product is remoteEye, a complete, sensor-agnostic IoT/ AI platform that enables connected operations and maintenance. While remoteEye can be applied in various sectors, SpaceAge Labs is initially targeting three sectors: Water/ Wastewater; Urban Greenery / Landscaping; and Facilities management. 

 

Source: https://www.asiatechdaily.com/ai-startup-spaceage-labs-scores-1-2m-in-seed-funding/

 

 

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