Rebecca Liew · · 30 min read
From data protection platforms to AI-powered solutions for the banking and insurance sectors, Singapore’s tech space is burgeoning with companies that aim to simplify processes for both businesses and consumers.
And the local tech ecosystem is slowly being reshaped, thanks in part to the Infocomm Media Development Authority (IMDA), which offers key programs to help tech companies succeed and thrive.
Through the IMDA Spark program, startups can access a hybrid of government grant tools and support from leading industry community partners to enable their growth.
These firms can also leverage IMDA’s network to connect with potential customers, partners, and employees.
And as these companies grow, they may be accredited under the IMDA Accreditation program, which is instrumental in accelerating the growth of enterprise tech-product companies in the city-state through winning contracts with government agencies and large enterprises.
Through this program, IMDA also facilitates new growth capital into the said tech firms.
Here’s a look at the portfolio companies accredited by IMDA since 2019, and how each one is changing the face of Singapore’s tech landscape. Clicking on each firm on the list will lead to a deep dive feature authored by Tech in Asia, in partnership with IMDA.
Digital Verification
Accredify is the leading verification solutions provider in Asia Pacific. The company is pioneering the world’s transition to verifiable data and Web3 through the creation and issuance of instantly verifiable, tamper-proof data and documents.
As of April 2022, Accredify has processed over 11 million verifications on 1.2 million issued documents. The firm, which has offices in Singapore and Sydney, is currently present in five industry verticals.
Artificial Intelligence
Advance.ai is Southeast Asia’s leading provider of digital identity verification, KYC/KYB, compliance, risk management, and credit information services. It currently partners with enterprise clients across sectors including banking, fintech, payment, retail, and ecommerce.
Advance.ai was named ASEAN Fintech winner at the 2023 Singapore Fintech Festival Global Fintech Awards for its risk management technology. The company is part of Advance Intelligence Group, which is backed by top-tier investors SoftBank Vision Fund 2, Warburg Pincus, Northstar, and Singapore’s EDBI.
Artificial Intelligence
Ailytics is a video analytics company that enhances safety and productivity for any operation in heavy industries. Its flagship product, Ailyssa™, taps into any existing CCTV infrastructure to provide real-time insights and predictive analytics. Ailyssa™ has AI modules that can work in harsh, dynamic outdoor environments and are easy to deploy and operate. It is already in use at over 100 locations across Singapore, Hong Kong, Malaysia, and Indonesia and is trusted by some of the biggest players in the industry.
Image Analytics
Airsquire is an image analytics firm that helps construction companies capture 360-degree footage of site progress. It makes site documentation and progress claims faster as well as organizes evidence to reduce costly variation orders and disputes.
Founded in 2017, the company has partnered with top architecture, engineering, and construction firms in Asia and Europe.
Cloud Infrastructure
Aiven provides managed open-source data technologies like PostgreSQL, Kafka, and OpenSearch on all major clouds. Through Aiven, developers can create applications while the platform manages the cloud data infrastructure. This enables Aiven’s customers to drive business results from open-source technologies that trigger true transformations far beyond their own backyard.
Data Intelligence platform
Alation provides enterprise data intelligence solutions, enabling self-service analytics, cloud transformation, and data governance. Trusted by over 550 enterprise clients – including Cisco, Nasdaq, Pfizer, Salesforce, and Virgin Australia – across 34 industries, Alation is driving the evolution of data culture and fostering data-driven decision-making worldwide. Recognized for its excellence in workplace culture, Alation has been featured multiple times on Inc. Magazine’s Best Workplaces list and named as a top workplace for women and tech professionals in the UK.
Legaltech
Avvoka is a document automation, negotiation, and analytics tool catering to law firms, in-house legal teams, and businesses. Founded in 2016, it helps clients draft documents, negotiate them, and leverage insights from that process for future use.
Video solutions
BeLive is a video solutions company that builds easy-to-install video players for brands to easily broadcast livestreams and interactive videos directly to consumers on their websites and apps. BeLive has broadcasted over 5 billion minutes of video across 9 countries including Japan, Indonesia, Africa, and Turkey.
With livestreams as a growing video platform for businesses to connect with their consumers and promote their products, BeLive’s video solutions are essential for any business looking to go into ecommerce.
Artificial Intelligence
Blackbird.AI is an intelligence company specializing in AI-driven narrative attacks and digital risk protection. Its Narrative Intelligence Platform protects executives and organizations by identifying the harmful narratives targeting them, the threat actors behind these attacks, and the networks and automated bot amplifications that spread these narratives across the information ecosystem.
Artificial Intelligence
Founded in 2020, Captain’s Eye is a real-time video analytics solution focused on the maritime industry. It leverages an advanced AI algorithm that can be applied across vessels, warehouses, ports, factories, plants, and other facilities to help prevent accidents, reduce claims, and safeguard assets.
Database management
ClickHouse was established in 2009 with the goal of being the fastest online analytical processing database on earth. Today, it stands not only as the world’s quickest but also the most resource-efficient real-time analytical database and data warehouse. ClickHouse serves customers with use cases spanning machine learning and generative AI, business intelligence, observability, and more. With employees in over 18 countries and operations spanning the globe, it’s optimized for diverse data-intensive workloads.
Industrial Artificial Intelligence
Singapore-based dConstruct Robotics is an AI and robotics deep tech company, developing smarter robots to enhance various industries across sectors such as academia, transportation, construction, facilities management, logistics, security, and defense. The company provides customizable autonomous navigation solutions for mobile robotics applications, with expertise in BVLOS (Beyond Visual Line of Sight) controls for remote autonomous robot operations.
Digital Document Verification
Dedoco is a decentralized digital document and workflow management platform that provides customers across a range of sectors with trusted, verifiable, and connected documents that can integrate with existing platforms.
The firm was founded in 2020 by tech entrepreneurs Daphne Ng and Ernie Teo.
Data Security
Druva is a data protection and management company that uses native cloud technologies. At present, it is working toward improving the data resiliency of its customers through its various services.
Its founders bootstrapped the company initially, with barely US$37,000 to work with in its first three years. Now, Druva works with a wide variety of clients from all over the world – including hotel chain Marriott, brewer Carlsberg, and US space agency NASA – which helped the startup grow and eventually achieve unicorn status in 2019.
Artificial Intelligence
EliteFit.AI is a Singaporean B2B2C startup that offers a virtual personal trainer using computer vision and motion AI. The firm integrates its solution into existing client websites and mobile applications to give real-time feedback on movements to end-users as well as detailed reporting to trainers, coaches, and doctors, providing an alternative to traditional, pricier personal trainers.
The firm’s system is integrated into apps from companies like Pure Group, Simple Soulful by Shilpa Shetty, and Fita from Telkomsel. EliteFit.AI has also worked with multinational companies such as Unilever, DBS, and HPE.
Human Resource
EngageRocket is an HR tech platform that helps organizations improve their employees’ experience from hiring to retirement. Using real-time people analytics, EngageRocket supports organizations by providing actionable insights to drive business objectives such as higher productivity and better talent retention.
Sustainability Artificial Intelligence Internet of Things
Envision Digital is a global AIoT technology leader headquartered in Singapore. It aims to help facilitate energy transition and digital transformation across multiple industries around the world.
At present, the company is working with PSA Singapore, one of the nation’s main port operators, to develop smart ports. These smart ports will make use of AI and IoT to streamline their operations and reduce their carbon footprint in a bid to be more sustainable and efficient.
Natural Language Processing
Fano Labs is a leading artificial intelligence and natural language processing company based in Hong Kong. Founded in 2015, the firm specializes in providing advanced speech recognition and analytics, speaker verification, and synthetic voice solutions for mixed languages and multilingual settings in Hong Kong, Southeast Asia, and the Middle East. These solutions help organizations enhance sales compliance and customer service, automate processes, and gain valuable insights from voice and text data. Recognized as one of the “Forbes Asia 100 to Watch,” Fano Labs is committed to continuously delivering state-of-the-art technologies with its robust research and development.
Enterprise Software
FlutterFlow is a visual development platform aiming to redefine how teams create, design, and deploy applications. It offers an intuitive visual interface, granular control over app experience, and cross-platform deployment capabilities.
With over 2.3 million users across more than 200 countries, the platform empowers teams to build apps even without extensive coding knowledge. It’s worked with startups and Fortune 500 companies, helping them accelerate their product development and deliver innovative digital solutions quickly and efficiently.
Cybersecurity
With its use of confidential computing, Fortanix is redefining data security for the modern enterprise. Founded in 2016, Fortanix provides cutting-edge solutions for organizations to safeguard sensitive information, ensure regulatory compliance, and drive digital transformation. Recognized as the Best Data Security Solution at the 2023 SC Awards, Fortanix continues to set new standards in data protection.
Cybersecurity
Getvisibility is an Irish tech company specializing in AI-powered data security, offering advanced solutions for data discovery, classification, and security posture management across cloud, on-premise, and endpoint environments. Through deep learning and tailored AI products, Getvisibility enables organizations to identify risks, govern sensitive information, and maintain compliance even within complex data landscapes.
It was recently acquired by Forcepoint, a global cybersecurity company based in the US.
Artificial Intelligence
Founded in November 2011, H20.ai is a leader in open-source AI and automatic machine learning with a mission to democratize AI for everyone.
The firm’s platform makes data science processes easier, faster, and cheaper for organizations of all stripes.
Cybersecurity
Hackuity is a cybersecurity solution that aggregates, prioritizes, and automates the vulnerability management process. Founded in 2018, it operates in both Europe and Asia.
Artificial Intelligence
Hendricks Corp is a Singapore-based software company at the forefront of AI-powered video analytics and big data. Built on the pillars of quality, security, agility, and innovation, Hendricks delivers real-time visual intelligence that empowers businesses to optimize operations and make smarter decisions.
Its in-house, customized solutions are engineered for high performance and robust data protection, serving industries such as retail, restaurants, government, and hospitality. With a constant pulse on emerging technologies, Hendricks enables clients to adapt swiftly and confidently to evolving market demands.
Artificial Intelligence
Hippocratic AI provides safety-focused generative AI healthcare agents that handle non-diagnostic, patient-facing tasks across healthcare sectors to improve patient outcomes. Founded in 2023, the company’s mission is to address the labor gap of healthcare workers around the world. It recently raised US$141 million in a series B round, bringing its valuation to US$1.6 billion as of January 2025.
Artificial Intelligence Recruitment
Launched in January 2017, Impress.ai helps recruiters at every stage of the talent acquisition process, from screening and interviewing to shortlisting candidates – all at scale.
The firm offers a chatbot solution that uses natural language processing to create interesting and natural conversations. This improves the interview process for candidates while helping recruiters work more efficiently.
Artificial Intelligence
Inf Tech is a full-stack generative trustworthy AI company committed to empowering industries. It offers cutting-edge AI products – from AI infrastructure to AI-native applications – to drive the transformation of trustworthy AI into real industrial productivity across finance and education. Powered by trustworthy AI technology and neuro-symbolic integration, Inf Tech’s applications are designed to ensure high efficiency and truly trustworthy AI-driven business.
Industrial Artificial Intelligence
Innowave Tech leverages industrial AI and cutting-edge sensing technology to drive innovation in manufacturing and empower industries via intelligent transformation. It was established in 2019 after extensive consultation with global manufacturing leaders to identify and address industry pain points.
Video analytics
Invigilo provides video analytics solutions for workplace safety in high-risk areas such as construction sites, factories, and shipyards. Its platform can automatically identify unsafe acts and conditions using a behavior-based approach, drawing on decades of expertise in safety and emerging technologies.
Artificial Intelligence Human Resource
JobTech is an AI and big data startup that provides labor market intelligence in real time. It also offers a complete workforce product for engaging and retaining internal talents, attracting external talents, and developing future talents.
Through the use of its Talented platform, JobTech gives businesses and employees a bird’s-eye view of what their talent and competencies look like against the larger trends in the global labor market. Talented is used by companies, institutions, consultancy firms, and governments worldwide.
Artificial Intelligence Education
Kinobi AI is an all-in-one employability system that helps universities and career center teams to digitalize and automate the student career journey. By consolidating fragmented tools into a single platform, Kinobi provides AI-powered resume building, mock interviews, and automated internship grading to improve career outcomes and save career centers weeks of manual administrative work.
API management
Kong Inc., a leading developer of cloud API technologies, is on a mission to enable companies around the world to become “API-first” and securely accelerate AI adoption. Kong helps organizations globally — from startups to Fortune 500 enterprises — unleash developer productivity, build securely, and accelerate time to market. For five consecutive years, Kong has been positioned by Gartner as a leader in API management in its Magic Quadrant report.
Artificial Intelligence
Locofy is a Singapore-based company pioneering AI-driven automation in frontend development. Its platform converts web and mobile app designs from tools like Figma into clean, production-ready code, helping users accelerate product launches.
The company is trusted by global enterprises and is known for making design-to-code workflows more efficient and developer-friendly.
Blockchain
Merkle Science provides predictive blockchain risk intelligence that is empowering compliance teams globally to mitigate the impact of illicit crypto activity. It is also working with regulators in their fight against crypto crime.
Internet of Things (IoT) Security
MicroSec specializes in “security by design” for IoT and operational technology (OT). Its protection and monitoring solutions use advanced encryption techniques and machine learning models to detect behavioral anomalies at the device level, preventing hackers from reaching IoT networks or OT systems.
The firm – which specializes in cryptography, machine learning, and threat analysis – was founded in 2016 by Vishram Mishra.
Employee wellness
Initially launched in 2017 as a meditation app, MindFi has become a centralized platform for employee wellness. It helps users manage all aspects of their health through accessible, effective, and culturally relevant tools and resources.
The firm also offers an anonymized, aggregated dashboard for businesses to monitor the overall health and well-being of their employees, enabling employers to develop policies that drive wellness in their organizations.
Cloud storage
MinIO is a Kubernetes-native object store that aims to address the demands of unstructured data growth. Founded in 2014, it has millions of users worldwide.
Graph databases
Neo4j is a leader in graph databases and analytics and is uniquely optimized to handle complex data relationships. It helps organizations find hidden connections and patterns across billions of data points, enabling them to leverage connected data to solve their most pressing business problems in new ways.
Healthtech
Nervotec is a digital health and AI company that provides contactless, remote, and predictive healthcare. It offers an efficient way to remotely measure a person’s vital signs using readily available devices such as smartphones.
Its clients include insurance firms, construction companies, and government agencies across Southeast Asia.
Enterprise Mapping Platform
NextBillion.ai is a mapping platform that helps enterprises manage location data and adopt an AI-first approach at scale for every use case and geography.
It offers location tools and APIs to enterprises such as last-mile delivery, food delivery, and ride-hailing.
Machine Learning Construction Software
Headquartered in Singapore, Novade offers a field management software that empowers construction firms to embark on a digital transformation in order to manage their construction sites more efficiently.
In light of Covid-19, the company launched an offering to help construction companies adopt new health and safety measures such as automating daily body temperature capture and recording employees’ contact history, to name a few.
Database Management
Founded in 2015, PingCAP is a leading provider of distributed databases, including open source distributed database products such as TiDB as well as consulting, technical support, and training certification services.
Its goal is to empower engineers and enterprises to innovate with speed, agility, and scale. It’s worked with companies such as iQiyi, JD.com, Ninja Van, and Shopee, among others.
Information Security
Generative AI’s rise has led to an increase in deepfakes, prompting businesses to strike a balance between security and customer convenience.
Pindrop’s solutions offer patented technology that enhances call intelligence to safeguard contact centers. Among the company’s clients are prominent banks, insurers, and financial institutions as well as retailers and Fortune 500 companies. By detecting fraud and verifying callers, Pindrop reduces operational costs, improves customer experience, and protects brand reputation.
Artificial Intelligence
Founded in 2016, Red Dot Analytics is a pioneer in developing AI and digital twin solutions to improve sustainability, agility, and resilience of mission-critical infrastructures. The award-winning Cognitive Digital Twin platform (DCWiz) enables data centres, buildings, and infrastructures to digitalise, optimize, and automate for greater business resilience and environmental sustainability.
Artificial Intelligence
Resaro is an independent, third-party AI assurance provider that builds AI testing tools to evaluate the performance, safety, and security of dual-use AI systems. With headquarters in both Singapore and Europe, Resaro combines its global engineering capabilities with deep domain expertise in mission-critical use cases to offer scientific and reliable approaches to testing.
Artificial Intelligence
Screening Eagle Technologies’ full-stack inspection solution combines intuitive software and powerful portable sensors to deliver reliable data for construction and asset maintenance decisions.
The company was founded through the merger of Singapore-based company Dreamlab and Swiss firm Proceq in 2019, and currently serves more than 100 countries with their solution.
Artificial Intelligence
SecAI is an innovative, AI-powered company focused on cyberthreat detection and response. It leverages deep research into adversary tactics, techniques, and procedures to help enterprises transition from reactive defense to empowered security operations. By providing reliable, actionable insights backed by a fine-tuned generative AI model and comprehensive global threat intelligence repositories, SecAI enables SecOps teams to stay ahead of cyber attacks.
Artificial Intelligence Regtech
Silent Eight is a tech company building explainable, decision-grade AI agents to help financial institutions fight global financial crime. By leveraging its newest generation platform, IRIS 7, banks can automate the investigation of suspicious transactions end-to-end. The system learns from top human investigators to dive into cases as deeply as humanly possible, making highly accurate, high-stakes decisions and intelligently escalating complex cases to human staff, thereby allowing banks to securely scale their compliance defenses with zero room for error.
Cybersecurity
Silverfort’s Unified Identity Security Platform protects all identities, human or machine, in any environment – on cloud or on premises. It extends MFA protection to critical resources like legacy systems, command-line interfaces, non-human service accounts, and IT/OT infrastructure without disrupting daily operations. Beyond detecting threats, Silverfort stops credential theft and both vertical and lateral movement within the network. As a top Microsoft partner and Zero Trust Champion of the Year, Silverfort is trusted by hundreds of leading enterprises, including several Fortune 50 companies.
Artificial Intelligence
Singdata is a next-generation AI-native and cloud-agnostic data platform designed to unify and streamline enterprise information. By creating a single data engine to process both structured data and unstructured “dark data,” Singdata eliminates infrastructure friction. The platform empowers business users to interact with intelligent data agents in natural language, automating heavy analytics.
Data management
Tessaract is a low-code data management platform that helps professional services and enterprises automate workflows and accelerate growth.
In the current environment where data is crucial to many businesses, effective and efficient management of data could make or break operations. Tessaract’s platform allows for quick and easy implementation for any business who want to better structure their data.
Artificial Intelligence
Tictag is a data annotation startup that is transforming the data landscape and reshaping how businesses navigate the realm of AI. The firm makes data easy and accessible through a unique blend of mobile games and crowdsourcing.
Tictag engages individuals from a variety of domains, turning them into skilled “Taggers” with its app’s gamified training. This allows micro-tasks related to data annotation to be completed easily, regardless of time or place. The startup recognizes the importance of quality training datasets for AI applications, which is why it is dedicated to nurturing a diverse community of users.
Artificial Intelligence
Turnkey Lender is a provider of AI-powered lending software that evaluates borrowers, supports decision-making, and automates the online lending process.
The Singapore-headquartered company counts 100 clients across over 30 countries, and has won several industry awards – including at the Singapore Fintech Awards 2019, for which Turnkey Lender’s co-founder and chief operating officer Dmitry Voronenko was awarded under the Top 10 Fintech Leaders category.
API Gateway and Management Platform
Founded in 2016, Tyk is an open-source API Gateway, empowering businesses to seamlessly connect, manage, and secure their APIs. Through its tools, it provides a versatile and scalable API solution for innovation, efficiency, and expansion. Trusted globally by companies across different industries, including banking, hospitality and healthcare, Tyk was recognized as a Leader in the Gartner® Magic Quadrant™ in 2023 for API management.
Internet of Things
UnaBiz is a provider of massive IoT services that specializes in product design, manufacturing, and cloud platform solutions.
It has worked with Nicigas in Japan and Konvoy in Australia, among other companies across the world.
Enterprise AI
Unique AI is an enterprise AI company serving financial institutions. It helps banks securely combine sensitive data with multiple large language models and deploy governed AI agents for investment insights, know your customer, compliance, and onboarding. With its MCP Hub architecture and traffic light validation system, Unique AI lets institutions reduce manual workload while staying auditable and in control.
Artificial Intelligence
Vebits AI is a Singapore-based provider of AI and computer vision solutions designed to revolutionize large-scale infrastructure and road inspections. By turning standard smartphones and dashcams into highly accurate, zero-capex automated inspection tools, Vebits AI empowers governments, contractors, and organizations to seamlessly detect defects, predict maintenance needs, and enhance safety across road networks and estates.
Energy storage
VFlowTech is an energy storage firm that manufactures low-cost modular vanadium redox flow batteries. It aims to accelerate the global transition to sustainable energy by providing durable, efficient, and affordable energy storage solutions.
Business analytics
Visier focuses on people analytics, offering various solutions to help businesses manage their staff. Its Visier People Cloud platform provides actionable insights about employees.
Enterprise Software
WalkMe is a data adoption platform that aims to bridge the gap between end users and technology, and drive higher engagement and adoption of digital assets through an improved user experience.
The company’s suite of clients includes Microsoft, Thermo Fisher Scientific, IBM, PwC, and LinkedIn. In future, WalkMe intends to employ deep-learning algorithms to enhance its platform’s capabilities.
Enterprise Software
Singapore-headquartered Watermelon Software provides an AI-driven, no-code platform that lets enterprises build and manage software reliability across the entire application life cycle. Built specifically for organizations operating at scale, it is trusted by leading regulators, banks, insurers, and payment systems.
The platform supports all key stages of software development – design, code, testing, release, and operations – and can enable several types of testing techniques. The AI capabilities of Watermelon’s platform are tailored to deliver practical outcomes that help users while maintaining a strong emphasis on information security and data governance. Its holistic approach ensures consistent and reliable software performance for mission-critical systems.
Construction Robotics
Founded in 2020, Weibuild is dedicated to pioneering the development of construction robotics and intelligent products. It aims to enhance safety, quality, and overall efficiency within the construction industry. Weibuild’s robots can carry out tasks such as plastering, painting, and steel rebar machining. The company has expanded its footprint to encompass operations in China, Hong Kong, Singapore, and the Middle East.
Artificial Intelligence
Whale is a leading provider of AI-based systems for retailers and brands that can be used across sectors such as automobile, cosmetics, and more. Its systems help brands make informed decisions and maximize profitability, transforming the retail industry through technology.
By tracking how consumers behave in stores and how salespeople are pitching products both physically and digitally, Whale’s solutions help retail businesses identify gaps that they can address to drive growth across both online and offline channels.
Digital adoption platform
Whatfix is a Saas-based digital adoption platform that drives the ‘userization’ of software, making technology more accessible and user-friendly for everyone. Powered by genAI, Whatfix helps companies maximize their software investments by providing interactive training, easy-to-use guides, and analytics–all without any coding required. With seven offices across the US, India, UK, Germany, Singapore, and Australia, Whatfix supports more than 700 enterprises. This includes over 80 Fortune 500 firms like Shell, Microsoft, Schneider Electric, and UPS Supply Chain Solutions. The firm is also backed by investors such as SoftBank Vision Fund 2, Dragoneer, Peak XV Partners, and Cisco Investments. Software just clicks with Whatfix.
Internet of Things
Willowmore is a Singapore-based company that specializes in IoT devices and access control technology like smart locks. Through the use of API, they’re able to integrate smart locks into various client systems and platforms.
The company was founded in 2014 by Joseph Tey and Basil Byrne, who met while working at telecom firms Nokia and Ooredoo.
Artificial Intelligence
Wiz.ai provides voice engagement solutions for businesses through its AI-powered voice bot. Its voice AI engagement solutions are intuitive, interactive, and easily accessible by customers, while being highly scalable for companies through process automation.
It currently works with several partners in the telecommunications, fintech, insurance, healthcare, and ecommerce industries, helping them lower customer engagement costs by up to 60%.
Integration and Automation Platform
Workato’s low-code, cloud-native platform makes automation fast and accessible, allowing business users to accelerate their workflows and boost productivity without being dependent on IT.
Database as a Service
Yugabyte is the firm behind YugabyteDB, an open-source, high performance distributed SQL database that makes it easier to build global, cloud-native applications. The firm is also a leader in exploring the future of distributed databases amid the rise of emerging edge-computing capabilities.
Learn more about IMDA Spark and IMDA Accreditation.
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Editing by Nathaniel Fetalvero, Stefanie Yeo, and Dhania Putri Sarahtika
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