TLDR:
- Singapore-based B2B software startup, Ailytics, secures $2.7 million in Pre-Series A funding led by Tin Men Capital
- Ailytics aims to expand services to key markets in Asia and increase R&D efforts for Video Analytics solutions
Ailytics, a Singapore-based B2B heavy industry software startup, has successfully secured its oversubscribed Pre-A funding of $2.7 million, led by Tin Men Capital. Tin Men Capital aims to invest in startups that enable legacy businesses to digitize and create an impact in the future of their industries. Ailytics plans to expand its services to key markets across the region and increase its research and development efforts to build the next generation of Video Analytics solutions. The construction industry, worth over $10 trillion annually, can benefit from digitization and implementation of AI to solve challenges in areas like cost, safety, and productivity. Ailytics’ solutions have shown impressive results in reducing accidents, downtime, and boosting productivity, making it a valuable partner for companies in the heavy industries sector.
