SINGAPORE - Media OutReach - 1 December 2021 - Singapore-based
AI startup, Sentient.io, announced today that SEEDS Capital, the investment arm
of Enterprise Singapore, has invested in its Series B1 funding round following
co-investor, Real Tech Fund. The new funds
raised will be used for scaling the platform and business expansion into Asia
Pacific markets, especially to fulfil the surging demand for Digital
Transformation from local and Japanese corporations.
Sentient.io is also backed by A*ccelerate
Technologies, the commercialising and venture arm of Singapore's leading Agency
for Science, Technology and Research (A*STAR), global technology venture
capital team from BEENEXT and several Japanese companies such as, Digital
Garage Group together with ABC Dream Ventures which is a corporate venture
capital firm of Asahi Broadcasting Group Holdings Corporation and Real Tech
Fund which is managed by Real Tech Holdings Co. Ltd out of Japan. To date, the Company has raised more than
USD$7 million in investment since its inception in May 2017.
Mr Christopher Yeo, Founder
and CEO of Sentient.io, said: "We are delighted that SEEDS Capital has
participated in our Series B1 funding round following co-investor, Real Tech Fund. SEEDS Capital's strategic investment is in
support of Sentient.io's market expansion plans for Japan and the rest of
South-East Asia. We believe that
Sentient.io's unique AI and Data platform will accelerate innovative solutions
and bring these to the markets at a quicker pace. This will also help to
fulfil our vision of benefiting humanity with augmented intelligence."
Ms Tan Kaixin, General Manager of SEEDS
Capital, said: "SEEDS Capital is pleased to participate in the current fundraising
round of Sentient.io, an AI-as-a-Service startup. Companies today are
increasingly looking to leverage the use of AI technologies and Sentient.io's
platform helps to accelerate the adoption of such AI-enabled solutions into
existing business processes. We are excited to be part of the company's
journey as they scale their platform into more industry verticals and overseas
markets."
Sentient.io has built a unique AI and Data
platform of over 60 AI functions that seek to short-circuit the development
cycle of software developers by providing easy-to-use pre-trained AI
microservices that are domain-specific. This will empower software developers
to simultaneously develop their smart applications and embed advanced AI
capabilities into existing workflows without wasting too much time on training
AI models.
Sentient.io's AI & Data platform can
help big data owners like governments and multinational companies to streamline
collaboration within multiple teams of developers to keep all their AI
algorithms and data in a central repository. This reduces IT complexity and
keeps all their AI and data microservices in sync, and increases productivity in
building prototypes and smart applications that are powered by AI and for data.
For example, Sentient.io is helping analytics development teams in a local
defence organisation to standardise access to APIs and data to enhance existing
applications and generate new values from their data assets. Sentient.io. will continue to advance its AI
capabilities and develop businesses in the Manufacturing, Logistics and Digital
Economy industries as an AI service provider.
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