Singapore-based AI startup nets $1.3m from TNB Aura
Source: Tech in Asia
The new capital will support the startup’s ongoing global expansion while developing new delivery capabilities and solutions.
Founded in 2015, Avanseus provides AI-based predictive maintenance software for businesses in telecommunications, manufacturing, and internet of things. At present, it has customers in Europe, Asia, and South America, with several new markets underway.
The bridge financing follows a US$2.5 million seed funding secured in September 2015. Avanseus is now working on a much larger series A round.