Ailytics raises US$2.7m to power next generation scenario-based AI monitoring for heavy industries

Currently, Ailytics' flagship solutions have already been implemented in more than 70 projects, integrating with over 1000 cameras spanning 4 countries and multiple industry verticals, and have 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 a 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.

"With the support of Tin Men Capital, and other strategic investors in the round, we are excited to have the opportunity to expand our services to other key markets across the region such as Hong Kong SAR, Middle East, Japan, and Oceania. We would also be able to increase our R&D efforts to build the next generation of Video Analytics solutions, powered by Large Vision Models (LVM) capable of handling complex domain-specific tasks. Our ambition is to become the leading one-stop Video Analytics solution provider for heavy industries in Asia. By prioritizing safety, we aim to mitigate worksite accidents and minimize occupational hazards while enhancing process efficiency and maximizing ROI. Above all, our mission is to safeguard the lives of workers, underlining our commitment to safety and excellence," commented Lenard, CEO of Ailytics.

For more information, visit https://ailytics.ai/ or reach out to [email protected].

View original content:https://www.prnewswire.co.uk/news-releases/ailytics-raises-us2-7m-to-power-next-generation-scenario-based-ai-monitoring-for-heavy-industries-302105929.html