500 Startups co-leads seed funding in SG-based AI startup FireVisor

From left to right: 500 Startups portfolio manager Becky Kux, FireVisor co-founder and CTO Long Hoang, FireVisor co-founder and CEO Surbhi Krishna Singh, and 500 Startups general partner Vishal Harnal.

Singapore-based AI startup FireVisor on Tuesday announced that it has raised close to S$1 million in seed funding in a round co-led by 500 Startups Durians II Fund and Acequia Capital.

SGInnovate and Entrepreneur First also participated in the round.

Launched in 2018 by Surbhi Krishna Singh and Long Hoang, FireVisor has built a machine learning-enabled analytics platform that connects to data sources in the manufacturing plant and performs engineering failure analysis in real-time. It claims that its solution can help firms save manufacturing value equivalent to 15-30 per cent of their revenue.

“Today, an army of human inspectors are needed to make sure no fault escapes the production line, while process control engineers constantly tweak and monitor machines. The machines, on the other hand, produce an abundance of valuable data but these vast amounts of data are unused and simply get discarded,” said Singh, CEO of FireVisor.

The startup caters to manufacturers in Southeast Asia, India and China. It named REC Solar as one of its customers.

“While most innovation on the factory floor has been in data collection and automation, Firevisor goes much further by giving learning and predictive capabilities to manufacturing lines across any industry. Their early customers in the solar sector have already benefited from significant cost reductions and surgical insights on improving their processes,” commented Vishal Harnal, general partner at 500 Startups.

Prior to the 500 Startups-led financing, FireVisor was supported by NVIDIA and NUS Enterprise and received grants from the Vizag Million Dollar Challenge.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.