Singapore-based B2B heavy industry software startup Ailytics has successfully raised $2.7M in Pre-Series A funding. The round was spearheaded by Tin Men Capital, along with investments from Aurum Investments, AngelCentral, and other strategic backers.
The infusion of capital is earmarked for expanding operational capacities and furthering developmental initiatives.
Established in 2021 by CEO Wei Zhuang (Lenard) Tan and CTO Prateek Manocha, Ailytics specializes in innovative scenario-based AI-powered video analytics solutions. Their proprietary technology leverages existing camera systems to furnish real-time actionable insights on unsafe acts, productivity metrics, and security breaches. Notably, the solution is adept at providing 3D dimensions from 2D video feeds, facilitating the implementation of intricate use cases such as calculating danger zones under heavy loads and establishing fixed-radius perimeters around hazardous equipment. Furthermore, it boasts compatibility with low-resolution cameras, ensuring accuracy even in harsh industrial environments like construction sites and manufacturing plants.
Ailytics’ flagship solutions have already been successfully deployed in over 70 projects across four countries, integrating with more than 1000 cameras spanning various industry verticals. Among their esteemed clientele are Jurong Town Council (JTC), Woh Hup, and ST Engineering.
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By Proptechbuzz
By Ravi Kumar
