Wednesday, April 24

Tag: TVS Motor Singapore

Predictronics Raises $3.2 Million from TVS Motor Singapore
FUNDING

Predictronics Raises $3.2 Million from TVS Motor Singapore

TVS Motor Singapore, a wholly-owned subsidiary of TVS Motor India invest $3.2 million in US-based Predictronics Corporation, which specializes in providing end-to-end predictive maintenance analytics solutions. Predictronics' solutions combine expertise in IoT, Industrial AI, Big Data, Machine Learning, and Predictive Analytics to remove the uncertainty from industrial operations and improve process uptime, production planning, maintenance, and product quality by providing actionable information and accurate predictions that empower clients to have a transparent, worry-free business. Their claim to fame is that "We know what happens next, and so can you." Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore), stated, "We evaluated many companies globa...
TVS Motor Singapore Invest US$7 Million in AI Decision Platform
FUNDING

TVS Motor Singapore Invest US$7 Million in AI Decision Platform

SINGAPORE and NEW YORK, July 22, 2019-- TVS Motor Singapore, a wholly-owned subsidiary of TVS Motor Company Limited, India, has signed definitive agreements to invest $7 million in Scienaptic Systems Inc., a Delaware corporation, headquartered in New York City. TVS Motor (Singapore) Pte. Limited led this Series A funding in Scienaptic. Scienaptic has combined the latest big data technologies and proprietary machine learning and artificial intelligence algorithms on its decision platform, "Ether." Solutions built on Ether enable enterprises to improve risk and credit assessment, monitor evolving fraud patterns, and improve customer journeys and experience. Scienaptic counts several marquee Fortune 100 enterprises as its clients. Rajesh Narasimhan, Board Member of TVS Motor Compan...