Singapore’s Sense Infosys secures US$1.5mil Series A funding
By Digital News Asia May 25, 2016
- Marks second round of investment by Jason Venture in Sense Infosys
- Startup has been endorsed by the Accreditation @IDA programme
SINGAPOREAN-based Sense Infosys, a three-year-old maritime and security data analytics startup, said has closed a Series A round of strategic investment of S$2 million (US$1.5 million) from Jason Venture Pte Ltd and Cap Vista Pte Ltd.
This investment will allow Sense Infosys to boost its technology and product research and development, as well as to expand its sales and support operations, the company said in a statement.
Jason Venture is the investment arm of Jason Marine Group Ltd, a Singapore-listed marine and offshore system integrator, which is making their second round of investment in Sense Infosys.
Cap Vista is the strategic investment arm of Singapore’s Defence, Science & Technology Agency.
Sense Infosys said it has been endorsed by the Infocomm Development Authority of Singapore’s [email protected] programme.
“Their [IDA’s] rigorous technical, operation and financial evaluation has better prepared us to meet the growth challenges of a startup, and also instilled confidence among our investors,” said founder Stephen Chow.
“We are confident that our analytics solutions will enable our clients to make better informed decisions,” he added.
Sense Infosys was founded in 2013 by Chow, a former naval and anti-terrorism intelligence officer, together with Yong Kai Chin and Shawn Tng, who had worked as defence engineers.
The company provides customised decision support analytics solutions to businesses and the public sector in the maritime and security sectors. Its suite of solutions includes Intelligent Fleet, Smart Port, Anti-Fraud & Compliance Monitoring, and News & Opinion Sensing.
“The maritime domain is under-going digital transformation, data growth and connectivity. We see immense opportunity in maritime data analytics, intelligent ships and smart ports,” said Jason Marine Group executive chairman Joseph Foo.
“With their leadership, coupled with their strong engineering and domain expertise, Sense Infosys is poised to exploit this opportunity.
“By partnering with Jason Marine Group, we can enable them to access our business network,” he added.
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