Singapore, 1 April 2022 – Today, we are excited to announce that we have successfully closed our seed round investment. The round was led by Ms. Huang Shao-Ning, an active early-stage investor. Other investors who have joined this round includes the National University of Singapore and a syndicate led by Shao-Ning, supported by AngelCentral.
With over 10+ prebuilt use-cases, our video analytics solutions are currently deployed at several construction sites in Singapore to detect safety hazards and gather productivity insights, such as workers under lifted loads, missing barricades and progress completion. Our solution help customers monitor workplace operations 24/7 to identify 7 times more hazards and reduce manual inspections by up to 50 percent. We will continue to work closely with our customers, industry leaders and government agencies to improve our offerings for the Southeast Asia markets.
“Ailytics aim to shape the future of workplace operations, and this investment would play a vital role in helping us achieve this. Our flagship products AiSafety and AiProductivity, backed by more than 2 years of R&D with HDB, allows us to offer many unconventional tailored use-cases for our clients. With the ambition to extend our reach beyond construction, we foresee becoming the one-stop solution provider to help enterprises revolutionize their workplace operations.“
– Prateek, CTO of Ailytics
The investment would accelerate our efforts to expand our portfolio of use cases and platform offerings to provide cutting-edge video analytics solutions to enhance operational safety and productivity. We will also be streamlining our infrastructure to place us in a better position to scale, as well as hasten our deployment speeds. In terms of expansion of talent, the plan is to double our team size within the year.
“There are many operational challenges that can be enhanced with the adoption of the right technology. Innovation within the construction sector has been relatively low over the last 2 decades but has started to change in recent times especially with COVID-19 acting as a catalyst. We are proud to be contributing to the digitalization efforts of these established industries and hope that this sheds some light and much needed attention for other companies to provide valuable solutions in this space as well.“
– Lenard, CEO of Ailytics
About AngelCentral:
AngelCentral is one of the most active and fastest-growing communities of angel investors in Southeast Asia. The club organizes regular pitch sessions, angel education workshops, and provides SPV admin services. Since Inception, AngelCentral has trained >500 angels and its members have invested >S$20M into the startups.
For any media enquiries: Wei Zhuang Tan (Lenard) – CEO/Joe Toh – BD and Marketing/+65 9828 5628
About Ailytics
Join us on our journey to enhance operational safety and efficiency.
For any media enquiries: hello@ailytics.ai
