Singaporean startup SiS bags US$1.45M to boost maritime IoT technology
It will use newly-raised funds to accelerate R&D and expand its sales and support operations
Singapore-based maritime and security data analytics startup Sense Infosys (SiS) has raised S$2 million (US$1.45 million) from existing investor Jason Venture, the investment arm of Singapore-listed marine and offshore integrator Jason Marine Group Limited; and Cap Vista, the strategic investment arm of DSTA.
SiS will use the newly-raised capital to ramp up technological upgrades, accelerate its R&D efforts, and expand its sales and support operations.
It also recently received endorsement from Accreditation@IDA – an initiative designed to assist in the growth of Singapore-based tech companies with an innovative product.
“We are confident that our analytics solutions will enable our clients to make better informed decisions,” said Mr Stephen Chow, Founder of SiS in an official press release. “We are keen on furthering developing the Singaporean-core at Sense Infosys and we are confident in solving complex data and real world challenges.”
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“We are making our second round of investment in Sense Infosys and its leadership. The maritime domain is under-going digital transformation, data growth and connectivity. We see immense opportunity in maritime data analytics, intelligent ship and smart port,” said Mr Joseph Foo, Executive Chairman of Jason Marine Group in the same press release.
Founded in 2013 by defense industry veterans, SiS provides customised decision support analytics solutions to businesses and government in the maritime and security sectors. Its current suite of solutions include Intelligent Fleet, Smart Port, Anti-Fraud & Compliance Monitoring, and News & Opinion Sensing.
Its IDA accredited product KLAVER leverages on IoT sensors to compile and analyse disparate data then translates them into actionable insights and real-time targeting intelligence to recognise anomalies and patterns.
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