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TL;DR:
- Singapore-based Ailytics has raised $2.7 million in an oversubscribed pre-Series A funding round.
- The round was led by venture capital firm Tin Men Capital.
Singapore-based tech startup Ailytics has recently secured a substantial investment to further enhance its AI-driven video analytics solutions tailored for heavy industry sectors. The company successfully completed a $2.7 million pre-Series A funding round, which was led by the venture capital firm Tin Men Capital. This marks the eleventh business venture that Tin Men Capital has supported in the B2B tech startup space, underpinning its strategic emphasis on industries with significant capital investments and workforce reliance.
Ailytics, under the direction of CEO Lenard Tan, is set to allocate the newly acquired funds to bolster its research and development initiatives and to cement its presence in additional markets such as Hong Kong, the Middle East, Japan, and Oceania. Tan articulated the firm’s ambition to deploy cutting-edge video analytics driven by large vision models (LVMs), which are engineered to resolve complex tasks endemic to diverse industrial domains.
Emphasizing the urgency of workplace safety, Ailytics stands committed to its objective to mitigate the frequency of on-site accidents and lessen occupational hazards, all while enhancing operational efficacy and maximizing the return on investment for
