Basetwo, a Toronto, Canada-based AI platform for manufacturing engineers, raised USD $11.5M in Series A funding.
The round was led by AVP with participation from existing investor Glasswing Ventures, Deloitte Ventures, Global Brain Ventures, Shimadzu Corporation, Chiyoda Corporation, and UAE angel investors via Qora71.
The company intends to use the funds to expand operations, and accelerate the development of its AutoPilot technology for autonomous, real-time manufacturing control while expanding its presence in the US, Japan, Europe, and the Middle East.
Led by Thouheed Abdul Gaffoor, CEO and Co-founder, Basetwo is a startup that provides an AI platform designed to enhance manufacturing efficiency. The Physics AI platform combines fundamental chemical engineering principles with artificial intelligence to optimize pharmaceutical and chemical manufacturing processes. The system enables manufacturers to run virtual experiments and simulate process changes before implementation, reducing the time and cost traditionally required to optimize production processes and eliminating the risks associated with live testing.
FinSMEs
23/01/2025