Venture capital firm Tin Men Capital, co-founded by Jeremy Tan and Murli Ravi, has led a $2.7 million investment in Ailytics, a Singapore-based B2B heavy industry software startup. Ailytics utilises AI-powered video analytics solutions to enhance operational safety and productivity for companies.
Founded in 2021 by CEO Wei Zhuang (Lenard) Tan and CTO Prateek Manocha, Ailytics’ solutions have been implemented in over 70 projects across four countries and various industries. Customers have seen a 50% reduction in manual inspections and a sevenfold increase in hazard detection.
The startup’s proprietary technology leverages existing cameras to provide real-time insights on unsafe acts, productivity metrics, and security breaches. This investment in Ailytics is the 11th B2B tech startup backed by Tin Men Capital, which focuses on digitising legacy businesses for future industry impact.
Tin Men Capital aims to support startups that enable traditional businesses to embrace digital transformation and make a significant difference in their respective industries. This investment signifies the growing importance of AI-powered solutions in improving operational efficiency and safety in heavy industries.
-
Google I/O 2024 Discussed In Detail: Gemini AI Comes With New Capabilities
-
ChatGPT-4o: OpenAI Rolls Out Faster and Enhanced Version for Free and Paid Users; Deets Inside
-
Choosing the Right CPQ System for Your HVAC Business: Key Considerations
-
What if Custom Mouse Pads Start Peeling or Fraying?
-
Exploring the Crucial Role of Reddit MLB Streams: Enhancing Access to Live Baseball Action
-
Elevate Your Store: How to Automate Shopify
-
Apple Expected To Unveil New iPads At Let Loose Event On May 7: What We Know
-
FaZe Clan Initiates Reboot with Additional Layoffs and Updates to Esports Teams