Tin Men Capital
Assembly Line
Ailytics raises US$2.7m to power next generation scenario-based AI monitoring for heavy industries
Ailytics, a Singapore-based B2B heavy industry software startup which utilises scenario-based AI-powered video analytics solutions to help companies enhance their operational safety and productivity has successfully secured its oversubscribed Pre-A funding of US$2.7mil led by Singapore-based venture capital firm, Tin Men Capital, that focuses on B2B software startups in Southeast Asia. The round is also joined by Aurum Investments, AngelCentral, and other strategic investors.
The startup’s proprietary solution taps on existing cameras to provide real-time actionable insights of unsafe acts, productivity metrics, and security breaches. It can provide 3D dimensions using a 2D video feed from any single camera, which enables the deployment of complex use cases such as calculating the danger zone under heavy load and a fixed radius around hazardous equipment. The solution can be deployed with high accuracy using existing low resolution cameras, even in harsh environments, making it suitable for dynamic environments found in heavy industries such as construction sites and manufacturing plants.
Ai Palette raises $5.7m to expand AI-powered insights platform, adds ‘FoodGPT’ chatbot
Singapore-based startup Ai Palette has raised $5.7 million in a series A1 funding round to expand its AI-powered platform to help food companies accelerate and de-risk the product innovation process.
Led by new investor Tin Men Capital and supported by existing backers Exfinity Ventures and pi Ventures, the round takes Ai Palette’s cumulative funding to $11.2 million and will help the company build its sales and marketing team, push beyond food & beverage into beauty and personal care, and further expand the scope and geographical reach of its platform.
The platform—used by food & beverage giants including Nestlé, Symrise, ADM, Kellogg, Mondelēz International, Diageo and Cargill along with multinational personal care and beauty firm Himalaya Wellness.