Openspace backs $2.7m round of Singapore AI startup

Datature, a Singapore-based machine learning (ML) firm, has raised US$2.7 million from regional backers Openspace and January Capital.

Datature founders Denzel Lee (left) and Keechin Goh / Photo credit: Datature

Datature is an end-to-end ML operations platform that allows teams to perform transfer learning and deploy AI models, among others. To date, thousands of teams across the medical, defense, manufacturing, and retail spaces worldwide have used its tech, the company said.

The company was founded in 2019 by Keechin Goh and Denzel Lee. Before Datature, Goh served as an ML engineer at Garuda Robotics. “We are glad to partner with Openspace to expand our product development and accelerate our go-to-market motion with support from their operation team,” said Goh.

AI and ML have increasingly been becoming an essential part of businesses, according to Datature. A Market Research Future report says the global ML market is projected to be worth US$30.6 billion in 2024, with a compound annual growth rate of 43%.

Datature will use the new funds to support a wider range of use cases, including video analytics, medical and point-cloud data ingestions.

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