Singapore-based industrial AI startup Ailytics raised $7.4 million in a Series A funding round led by Tin Men Capital. The round included participation from SEEDS, part of SG Growth Capital, Japanese cloud camera company Safie, an unnamed Japanese construction company, family offices and existing investors.
Founded in 2021 by Lenard Tan and Prateek Manocha, Ailytics develops computer vision technology that uses existing CCTV infrastructure to monitor workplace safety and industrial operations. Tan serves as CEO, while Manocha is the company’s CTO.
The company’s AI platform helps businesses identify workplace hazards, monitor operational activities and generate real-time alerts. Its technology is designed for industrial environments, including construction sites, manufacturing facilities, logistics operations and shipyards.
Ailytics’ core product, Ailyssa, analyses two-dimensional CCTV footage to develop three-dimensional spatial understanding of industrial environments. The platform is designed to operate with older camera systems and in challenging conditions, including rain, dust and poor lighting.
The company has also developed AilyssaX, a contextual reasoning engine designed to interpret changing site conditions and assess multi-step operational procedures.
Ailytics plans to use the new funding to strengthen its teams in the US, Japan, Australia and the Gulf. The investment will also support the development of domain-specific AI reasoning models and expansion into additional industrial sectors.
The Series A follows a $2.7 million pre-Series A round led by Tin Men Capital in April 2024. Since that financing, Ailytics has expanded from 70 projects across four countries to more than 400 deployments in 15 countries.
Its technology has been deployed across projects and facilities associated with NatSteel, PaxOcean, DHL, Rome’s Leonardo da Vinci International Airport and Singapore’s Changi Airport Terminal 5 construction project.
Ailytics originated from a research collaboration involving the National University of Singapore and Singapore’s Housing & Development Board in 2019, before establishing its commercial operations in 2021.
