Global Brain leads Series AA funding in Singapore data analytics venture Arcstone

VC word cloud. Credit:Barrie Entrepreneur Connect

Singapore-based Arcstone, a data analytics and operations venture for manufacturing plants, has secured its first round of funding from Tokyo-based venture capital (VC) firm Global Brain. This Series AA round also saw Wavemaker Partners, 500 Startups, and YSS Capital participating.

In an interaction with Tech in Asia, CEO and founder Willson Deng disclosed that they had received the funds in full and planned to use it for scaling the firm, saying, “Funds will be allocated towards two key areas: continued software platform development and building our presence in the manufacturing world to secure customers throughout Southeast Asia.”

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