Roehl Niño Bautista · · 1 min readSingapore IoT firm bags $1.3m in seed money
Singapore-headquartered SpaceAge Labs, an IoT and AI firm, has raised US$1.3 million in a seed round led by Silicon Solution Partners, with Seeds Capital and Planetspark participating.
From left: SpaceAge Labs CEO Deepak Pitta, CTO Ananth Subba, chief product officer Sashikumar Yeddnapudi, and chief business office Leela Krishna / Photo credit: SpaceAge Labs
SpaceAge Labs provides deep tech solutions for remote and distributed asset management. RemoteEye, its flagship product, is a sensor-agnostic IoT and AI platform consisting of nodes, wireless networks, and cloud data analysis. It has applications in water, landscaping, and facilities management spaces.
The firm will use the fresh funds for its pilot activities in Australia and Singapore. It will also double its headcount to 24 with hires in sales and marketing as well as product development, with the startup looking to enter the US market.
SpaceAge Labs was founded in 2016 by Deepak Pitta, Ananth Subba, Leela Krishna, and Sashikumar Yeddnapudi.
See also: Startup with 6-digit revenue 3 months after debut uses AI to help writers talk dirty
Editing by Miguel Cordon and Lorenzo Kyle Subido
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