Ailytics raises $2.7 million to expand industrial video analytics
The pre-Series A financing supports product development and expansion beyond Singapore.
Ailytics has raised $2.7 million in pre-Series A funding from Tin Men Capital and other strategic investors. The Singapore company announced the financing on April 1, 2024.
The investment supports the development of its video analytics technology and expansion into markets including Hong Kong, the Middle East, Japan and Oceania. Its approach uses installed camera feeds to help industrial teams detect unsafe activity and monitor operations.
The commercial opportunity lies in making existing surveillance infrastructure useful for day-to-day safety decisions, without requiring customers to replace their cameras.
Use of funds
Expand international operations
Develop video analytics technology