Basetwo Raises $3.8 Million in Seed Funding


Basetwo, a Toronto, Canada and Sunnyvale, CA-based provider of a SaaS AI platform for manufacturers, raised $3.8M in Seed funding.

The round was led by Glasswing Ventures and Argon Ventures with participation from Caffeinated Capital, Graphite Ventures, MaRs IAF Pareto Holdings, Plug and Play, and Quiet Capital.

The company intends to use the funds to launch the AI platform.

Led by CEO Thouheed Abdul Gaffoor, Basetwo is a no-code AI platform that enables process engineers to build and operationalize digital twins of their manufacturing plants. From process development to commercial manufacturing, manufacturers use the digital twins they build with Basetwo AI to improve process efficiencies across the value chain.

The company intends to begin with the pharmaceutical market and expand to the food and beverage and chemical markets.

The founding team includes Thouheed, Thamjeeth Abdul Gaffoor, Tawfeeq Abdul Gaffoor, and Kiefer Eaton.