IoT Tribe names 12 deep-tech startups in first Singapore cohort

Earlier this year, the Singapore government said it would be setting aside an additional US$215 million under the Startup SG Equity scheme to back local deep-tech startups and encourage more investments from other sources.

In line with this goal, global accelerator IoT Tribe said it has kicked off its first cohort focused on deep-tech in Singapore, revealing the 12 startups participating.

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IoT Tribe is a partner of the Global Innovation Alliance initiative by Enterprise Singapore and the Singapore Economic Development Board.

With its Singapore Deep Tech Accelerator, the company aims to support global startups in developing their proof of value and connect them to its networks in Singapore, Asia, the UK, and the EU.

According to Valerie Lim, head of programs for Singapore at IoT Tribe, the company aims to get at least S$2 million (US$1.4 million) of investments in total for the first cohort.

As part of the program, chosen startups will also be provided with workshops on business management, business development, marketing, as well as fundraising. With the ongoing pandemic, IoT Tribe said it has adjusted the program into a hybrid online-offline model.

Here are the 12 companies participating in the first cohort:

• AtomBrush is a construction robotics startup based in Singapore that builds its products from the ground up.
• Avirtech is a Singapore-based startup that provides aerial and ground inspection solutions such as drones and other smart technologies for the agriculture industry.
• Leorix manages infrastructure for high-frequency data pipelines to reduce time and money spent on building complex custom solutions.
• Meracle harnesses digital technology to optimize asthma therapy.
• Moaah offers business development tracking and analytics software for professionals.
• MyrLabs builds technologies to enable fast-moving robots and indoor applications.
• PhonePass is an Australian startup providing two-factor authentication technology.
• Psion Insights offers an AI-powered digital risk advisor platform that uses natural language processing, machine learning, predictive and prescriptive data analytics, and robotic process automation.
• RisikoTek uses advanced data analytics and entity resolution in the detection of financial crime and money laundering.
• SenzeHub is a healthtech startup that has developed wearable tech that can provide patient location, vitals reading, as well as abnormality and crisis detection through AI.
• SmartBeings is a Silicon Valley AI startup that focuses on smart homes, enterprises, and connected cars.
• WeavAir uses advanced sensor technology, algorithms, and predictive analytics to manage heating, ventilation, and air conditioning systems.

IoT Tribe said it will be hosting a total of three cohorts for the Deep Tech Startup Accelerator program in Singapore this year and next.