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SINGAPORE-BASED maritime and security data analytics startup, Sense Infosys, has secured S$2 million in funding, allowing it to further its technology and product research and development, and expand its sales and support operations.
The strategic investment by Jason Venture, the investment arm of marine and offshore system integrator Jason Marine Group, and Cap Vista, the strategic investment arm of the Defence, Science & Technology Agency, is part of a Series A round.
Sense Infosys founder Stephen Chow said that the firm has recently been endorsed by Accreditation@IDA.
"Their rigorous technical, operation and financial evaluation has better prepared us to meet the growth challenges of a start-up and also instilled confidence among our investors," said Mr Chow. "We are keen on furthering developing the Singaporean-core at Sense Infosys and we are confident in solving complex data and real world challenges."
Jason Marine Group is investing in Sense Infosys for the second time. "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 its executive chairman Joseph Foo. "With their leadership, coupled with their strong engineering and domain expertise, Sense Infosys is poised to exploit this opportunity."