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Tin Men Capital Leads US$7.4 Million Series A for Vision AI Startup Ailytics to Expand Across APAC, the US and the Gulf Region

AIOctober 26, 20262 min read

Ailytics, a Singapore startup that turns old security cameras into real-time safety and operations tools for heavy industry, raised US$7.4 million in a Series A round led by Tin Men Capital. The money will help it grow in the US, Japan, Australia, and the Gulf region.

What happened

Ailytics raised US$7.4 million in a Series A round led by Tin Men Capital. SEEDS, a unit of SG Growth Capital, Safie (Japan's biggest cloud camera company), one of Japan's largest construction firms, and family offices and existing investors also joined. The company says it will use the money to strengthen its local teams in the US, Japan, Australia, and the Gulf region.

Key numbers

US$7.4 million: size of the new Series A round
US$2.7 million: size of the pre-Series A round Tin Men Capital led in April 2024
4 countries and 70 projects before the pre-Series A round; 15 countries and more than 400 installations now
Customers include NatSteel, PaxOcean, DHL, Rome's Leonardo da Vinci airport, and the construction site of Changi Airport Terminal 5
Founded in Singapore in 2021

Background

Ailytics started with public housing projects in Singapore. It now runs its system at large sites on four continents. Its product Ailyssa can understand 3D space from a single 2D video. It works with old cameras even in rain, dust, and poor light. Its newer reasoning engine, AilyssaX, looks at what is happening in a moving scene and checks whether steps in a multi-step process were done. This helps it send more accurate and useful alerts.

Why it matters

Many factories, ports, and building sites already have cameras, so Ailytics can add AI safety checks without new hardware. The investors say the company has strong unit economics and a customer churn rate below 1%. The co-founders say the funding will let them build their own AI models for industry and keep AI running costs low as demand grows.

What to watch

Whether Ailytics opens and grows its teams in the US, Japan, Australia, and the Gulf region
Progress on its own domain-specific reasoning models
Whether the number of installations and countries keeps growing past 15 countries and 400 projects

Glossary

Ailytics: A Singapore startup that uses AI to turn existing CCTV cameras into safety and operations systems for industrial sites.
Series A: A funding round in which a startup raises money, often to grow its business after early stages.
Ailyssa: Ailytics' own product that reads 3D space from 2D video and gives real-time insights.
AilyssaX: Ailytics' newer reasoning engine that analyzes moving scenes and checks multi-step procedures.

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