The Groundup team
Singapore-based industrial artificial intelligence (AI) startup Groundup.ai has closed a US$4.25 million Series A funding round.
The investment was led by Tin Men Capital, with ongoing backing from Wavemaker Ventures and participation from SEEDS Capital.
The company intends to utilise the fresh capital to enhance its product development, further develop its AI capabilities, and establish a stronger presence in key regional and global markets.
This expansion includes plans to broaden its footprint across Asia and the Middle East while venturing into Australia, Europe, and North Asia.
Moreover, Groundup.ai will invest in talent and infrastructure to ensure clients achieve maximum impact from onboarding through to long-term value realisation.
Also Read: Groundup.ai bags US$1.8M to help firms prevent unplanned downtime of industrial assets
Groundup.ai offers Cognitive Maintenance, an advanced system leveraging autonomous AI agents, proprietary sensors, and in-depth machine understanding that goes beyond simple alerts. Its solutions are designed to provide teams with the context behind operational errors, offering root-cause analysis and actionable remedies.
The company claims its technology has delivered millions of dollars in savings for diverse clients. The solutions have been implemented by multinational corporations and government-linked entities across Southeast Asia and the Middle East.
Leon Lim, CEO and Founder of Groundup.ai, commented, “We’re not just optimising maintenance; we’re transforming the way industrial operations run. Our team at Groundup.ai is excited to empower maintenance teams with tools to make every asset intelligent, self-monitoring, and capable of anticipating failure before it happens. We are already enabling industry leaders to realise this vision while delivering millions in savings and elevating maintenance from a reactive cost center into a strategic function.”
Tin Men Capital co-founder Jeremy Tan added, “Groundup.ai’s pioneering work in Cognitive Maintenance goes beyond failure prediction; it delivers actionable intelligence that transforms maintenance from a reactive necessity into a strategic advantage. In a world where unplanned downtime can cost millions, the Groundup.ai team has proven to be a transformative force for asset-heavy industries such as manufacturing, maritime, defense and infrastructure.”
In March 2023, Groundup.ai raised US$1.8 million in a seed funding round led by Wavemaker Partners, with participation from SEEDS Capital and angels.
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