Tin Men Capital leads US$2.7m Pre-Series A Round investment in Ailytics

Adgully Bureau |

Ailytics has successfully secured its oversubscribed Pre-A funding of US$2.7mil led by Singapore-based venture capital firm Tin Men Capital. Tin Men Capital is a local B2B heavy industry software startup which utilises scenario-based AI-powered video analytics solutions to help companies enhance their operational safety and productivity, 

Tin Men Capital is co-founded by veteran investors, Jeremy Tan and Murli Ravi and is primarily focused on B2B software startups in Southeast Asia. 

Ailytics was founded in 2021 by CEO, Wei Zhuang (Lenard) Tan, and CTO, Prateek Manocha. 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 construction sites and manufacturing plants. 

Currently Ailytics’ solutions have already been implemented in more than 70 projects, integrating with over 1000 cameras spanning 4 countries and multiple industry verticals and has enabled customers to reduce the need for manual inspections by up to 50% while increasing hazard detection up to 7x. Productivity of operations have also increased by up to 25% and companies obtained return on investments within months of using the solution by reducing or eliminating bad behaviour, downtime from audits, stop-work orders and fines. Some notable clients include Jurong Town Council (JTC), Woh Hup and ST Engineering.

This investment in Ailytics marks the eleventh B2B tech startup backed by Tin Men Capital who will continue to champion for opportunities in underserved and under-digitised industries which have historically relied on large capital investments and big workforces. The firm believes in investing in startups that are enabling legacy businesses to digitise and create an impact in the future of their respective industries.