Global Brain backs SG-based AI solutions provider GTRIIP’s Series B funding

Singapore-based GTRIIP, a digital identity software provider that enables hotel check-ins with a selfie, has secured undisclosed Series B funding from investors, including Japanese venture capital firm Global Brain.

Other investors in the round include Kepventure Pte Ltd, a wholly-owned subsidiary of Singapore’s Keppel Corporation, and Japanese VC firm Accord Ventures, according to a statement.

GTRIIP will use proceeds from the latest funding round to expand in the Asia Pacific, especially in markets with ageing populations, waning workforces, and high labour costs. It had previously raised $1 million in its Series A funding round from connectivity solutions provider M1.

“The investment aligns with our vision to grow further in the Asia Pacific market. It is an ideal opportunity to showcase the value in seamlessly checking-in a large number of travelers using their own smartphones,” said GTRIIP founder and CEO Maxim Tint on the latest financing.

Founded in 2014, GTRIIP’s solution uses artificial intelligence (AI) and machine learning to automatically verify photo IDs and owners. It claims to cater to over 13,000 hotel rooms and office access points, and to have completed over 1 million check-ins globally.

The startup now plans to expand to new verticals beyond hospitality and launch products for other commercial properties such as tenant access and visitor access.

Global Brain made the investment in GTRIIP through the KDDI Open Innovation Fund (KOIF) No. 3, which it operates jointly with Japanese telecom major KDDI Corporation. This is KOIF’s first investment in the city-state. The fund, which has been investing in Indonesia-based startups since 2018, set up a Singapore office in June 2019.

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.