SINGAPORE - Media OutReach
- 27 October 2021 - Singapore-based AI startup, Sentient.io, announced today
that Real Tech Fund has invested in its Series B1 funding round. Real Tech Fund
is managed by Real Tech Holdings Co., Ltd out of Japan. Its investment in Sentient.io is the Fund's
third invested company. Sentient.io is also backed by A*ccelerate Technologies,
the commercialising and venture arm of Singapore's leading Agency for Science,
Technology and Research (A*STAR), global technology venture capital team from
BEENEXT and several Japanese companies such as, Digital Garage Group together
with ABC Dream
Ventures which is a corporate venture capital firm of Asahi Broadcasting
Group Holdings Corporation. To date, the Company has raised more than USD$6
million in investment since its inception in May 2017.
Sentient.io has built a unique AI and Data platform of over 60
AI functions that software developers can "assemble like Lego
blocks". This will empower
software developers to pick from its pre-trained AI microservices that can help
them to create smart applications that are powered by AI and for big data
owners like government and multinational companies to generate new values from
their data assets.
The new fundraising is used for scaling the platform and
business into Asia-Pacific markets, especially to fulfil the surging demand for
Digital Transformation from Japanese corporations.
Mr Christopher Yeo, Founder and CEO of Sentient.io, said: "We
are pleased to welcome Real Tech Fund in our Series B1 funding round. Real Tech Holdings understands that building
AI applications require a high level of expertise and a long period to master
the technology. We believe that our
collaboration with them will accelerate innovative solutions and bring these to
the market at a quicker pace. This will also help to fulfil our vision of
benefiting humanity with augmented intelligence."
The size of the AI market for voice and image recognition is
expected to reach US$98.8 billion by 2025.
Despite this expected growth in AI demand, the challenges for companies
to adopt AI include the lack of AI knowledge and building capabilities, the
lack of algorithms that can be applied to the user's industry domain, or the
high cost of implementing AI solutions.
Daiki Kumamoto, Global Fund
Leader and Growth Manager of Real Tech Holdings Co., Ltd. said: "Sentient.io has developed
an easy to use platform and UI/UX that allows pre-trained microservices to be
integrated into business applications via Application Programming Interface
(API), and is particularly popular in Southeast Asia. One particular popular
technology has algorithms that can process and hone in on voice activities from
training data in order to recognise the unique English "accent" of
Southeast Asia countries such as 'Singlish" in Singapore. As a strategic partner and investor, we will
support Sentient i.o's entry into the Japanese market and will continue to
accelerate collaboration with Japanese companies".