Through various industrial revolutions, societies have adapted and molded the environment that we live in for our betterment. Artificial intelligence (AI) should be seen as complementing human skillsets, rather than being a threat.
SINGAPORE-based adtech startup Pencil has raised S$1.5 million through a seed round led by early-stage venture capital firm Wavemaker Partners, together with SGInnovate and talent investor Entrepreneur First.
SGInnovate has appointed five additional co-investors under the Startup SG Equity scheme, the government-owned Deep Tech development firm announced on Friday.
AIDA Technologies, a startup that uses Machine Learning to generate insights that help financial services companies make decisions, announced today that it has raised a Series A round from Mastercard, Kuok Ventures (belonging to the Kuok Group), and Singapore government-linked SGInnovate.
The Maritime and Port Authority of Singapore (MPA) is investing $650,000 in seed funding for tech startups to develop innovative solutions to address key maritime challenges in Singapore, MPA and NUS Enterprise announced yesterday.
The Straits Times Online reported that Singapore-based cleantech firm SensorFlow has raised US$2.7 million in series A funding led by private investor Pierre Lorinet, along with contributions from existing investor, Singapore-based Cocoon Capital. Cocoon Capital led the startup's initial seed funding round in 2018, with SGInnovate and SparkLabs adding support through the Entrepreneur First accelerator programme. The startup aims to provide Asian hotels with a smart wireless Internet of Things solution to monitor, analyse and automate hotel room environments with the aim of optimising energy efficiency and enhancing guest experience. Wireless sensors are used to collect real-time data and AI to automate decision-making. Sensorflow said that its solutions have delivered up to 30 percent in energy savings and up to a 40 percent reduction in maintenance costs.