Singapore-based venture capital firm Tin Men Capital announced its leadership in a $2.7 million investment round for Ailytics, a B2B heavy industry software startup. Co-Founded by Jeremy Tan and Murli Ravi, Tin Men Capital sees promise in Ailytics' AI-powered video analytics solutions aimed at enhancing operational safety and productivity.
Established in 2021 by CEO Wei Zhuang (Lenard) Tan and CTO Prateek Manocha, Ailytics has swiftly gained traction, with its solutions already deployed in over 70 projects across four countries and various industry verticals. Their technology has demonstrated impressive results, reducing manual inspections by up to 50% and boosting hazard detection by sevenfold.
Ailytics' proprietary solution leverages existing camera infrastructure to deliver real-time insights on unsafe behaviors, productivity metrics, and security breaches. This strategic investment from Tin Men Capital marks the firm's commitment to supporting innovative startups like Ailytics, which are driving digital transformation in traditional industries.
Tin Men Capital emphasized its focus on backing startups that facilitate the digitization of legacy businesses, recognizing their potential to shape the future of their respective industries. With Ailytics as its latest investment, Tin Men Capital continues to strengthen its portfolio in the B2B tech sector, furthering its mission to fuel impactful innovation.