Singapore's Ailytics Raises $7.4M Series A to Turn Existing CCTV Into a Live Safety Layer for Heavy Industry

Ailytics was founded in Singapore in 2021 by Lenard Tan, chief executive, and Prateek Manocha, chief technology officer. It began as a research project between the National University of Singapore and Singapore's Housing and Development Board in 2019 and first worked on public housing construction projects before expanding into other industrial settings. It reports more than 400 deployments across 15 countries.

Ailytics says nearly three million workers die each year from work‑related accidents and diseases. It also said that in Singapore, construction, manufacturing and transport accounted for more than half of fatal workplace accidents in 2025. Most worksites already have cameras, the company says, but footage is usually reviewed only after an incident.

Tan said the round strengthens the company's local teams in the US, Japan, Australia and the Gulf, as it focuses on harsh outdoor industrial environments. "We are building a global industrial AI company from Singapore," he said.

Manocha said the funding lets Ailytics build its own domain‑specific reasoning models and keep the cost of running AI low as demand grows. The company also plans to develop industry‑specific models and expand into sectors that include manufacturing, logistics, oil and gas, maritime and mining.

Ailytics signed a memorandum of understanding with Safie in April 2026, witnessed by Enterprise Singapore and the Tokyo Metropolitan Government. Safie supplies cameras to 29 of Japan's 30 largest construction companies. Its investment in this round can extend that partnership and deepens Ailytics' position in Japan, which is one of the company's priority markets.

Jeremy Tan, co‑founder and managing partner at Tin Men Capital, said Ailytics has reached 15 markets with very robust unit economics and client churn below 1 percent. "We want to be right behind the team as it scales globally," he said. Tin Men Capital describes itself as an enterprise and frontier technology venture firm.

Camera‑based safety analytics is a crowded field. US‑based Voxel, New York‑headquartered Intenseye and Dublin's Protex AI all sell similar products, and Singapore's Lytehouse has partnered with Google Cloud on AI video intelligence for workplace safety.

Recent funding in the same area includes a $27 million Series B for Sensera Systems and a $7.5 million seed round for SiteVue AI, both US companies, according to Dealroom.

The round was described as oversubscribed in one report on the deal. Ailytics did not disclose its valuation or revenue.