May 25, 2024

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Latest technological developments

Temasek-started Aicadium acquires Singapore AI agency BasisAI

BasisAI was co-launched by Liu Feng-Yuan, Linus Lee, and Silvanus Lee in 2018 to attract on their entire world-course expertise in constructing scalable AI from Silicon Valley companies and seize the wide option to develop an AI powerhouse in the APAC area. 

In 2019, BasisAI lifted S$8.2 million (US$6 million) in seed funding from Temasek, a Singapore-headquartered worldwide financial investment business, and Sequoia India. Just one 12 months later on, the startup launched its proprietary stop-to-finish device learning system, Bedrock, which enables organisations to fast deploy accountable AI answers. 

Due to the fact then, BasisAI has gone on to deploy answers for organisations this kind of as DBS, UOB, OCBC, ComfortDelGro, the Singapore federal government, and Singapore Airways, and has also partnered with world wide providers including Accenture, PwC, and AWS. 

Aicadium was introduced in August 2021 as Temasek’s international centre of excellence in Artificial Intelligence. It aims to lover with Temasek portfolio providers and other enterprises seeking to build and scale conclude-to-end AI solutions to improve organization outcomes. The agency leverages its global group of details researchers and engineers, a repeatable and scalable process, and a platform of AI algorithms, designs, and tools to support consumers obtain operational AI in their organisations.  

The recently merged organisation delivers together the finest of merged abilities, such as deep AI/ML and product advancement skills spanning decades. The combined team’s established knowledge delivering conclusion-to-conclude AI methods for enterprises will allow Aicadium’s world expansion plans.

“This acquisition makes it possible for us to accelerate our progress tactic, broaden our achieve and broaden our offering that is constructed on the powerful foundation of a impressive AI platform and a blended staff of talent. We are energized to be becoming a member of forces with Aicadium to increase our toughness in making accountable AI methods,” reported Mr. Liu Feng-Yuan, Co-founder and Chief Executive Officer of BasisAI, who will believe an govt leadership situation at Aicadium with each other with fellow BasisAI Co-founder Linus Lee.

BasisAI shares Aicadium’s dedication to supply AI solutions that are responsibly and ethically built, formulated, and deployed, claimed Dr. Michael Zeller, Head of AI Strategy & Remedies at Temasek. 

“The strengths that BasisAI brings to the Aicadium staff incorporate not only an exceptionally proficient and knowledgeable group of info researchers, application engineers, and small business leaders but also an AI system that was built from the ground up with these values in thoughts, Dr. Zeller said. “Jointly, the new entity will even more Temasek’s approach of deploying capital to catalyse progressive and transformational technologies, these types of as AI, to increase organizations and construct a much more inclusive, resilient environment.”

About Aicadium  

Aicadium is a global engineering business committed to generating and scaling AI solutions by leveraging deep expertise and a popular device studying system. As Temasek’s world wide centre of excellence in Synthetic Intelligence, we lover with companies to create and operationalize impactful AI solutions across a broad assortment of industries and use situations.

Our crew contains professional data researchers, software program engineers, and AI small business leaders in Singapore and San Diego, CA.  As a team, we position the maximum precedence on the responsible adoption, development, and shipping of AI technologies and answers, with the purpose of providing enhanced business enterprise results that usher in a extra resilient and inclusive world. 

For more information and facts, stop by the enterprise website: 

Resource BasisAI Aicadium