Ailytics, a Singapore-based B2B heavy industry software startup which utilises scenario-based AI-powered video analytics solutions, raised US$2.7M in Pre-A funding.
The round was led by Tin Men Capital, with participation from Aurum Investments, AngelCentral, and other strategic investors.
The company intends to use the funds to expand operations and its development efforts.
Founded in 2021 by CEO Wei Zhuang (Lenard) Tan, and CTO Prateek Manocha, Ailytics provides a proprietary solution that taps on existing cameras to provide real-time actionable insights of unsafe acts, productivity metrics, and security breaches. It can provide 3D dimensions using a 2D video feed from any single camera, which enables the deployment of complex use cases such as calculating the danger zone under heavy load and a fixed radius around hazardous equipment. The solution can be deployed with accuracy using existing low resolution cameras, even in harsh environments, making it suitable for dynamic environments found in heavy industries such as construction sites and manufacturing plants.
Currently, Ailytics’ flagship solutions have already been implemented in more than 70 projects, integrating with over 1000 cameras spanning 4 countries and multiple industry verticals. Some notable clients include Jurong Town Council (JTC), Woh Hup, and ST Engineering.
FinSMEs
02/04/2024