Temasek-started Aicadium acquires Singapore AI firm BasisAI
Strategic growth options announced for the newly merged Artificial Intelligence organisations
SINGAPORE, Aug. 31, 2021 /PRNewswire/ — Aicadium, a world wide know-how corporation launched by Temasek and devoted to generating and scaling AI solutions, today introduced the acquisition of BasisAI, a Singapore-primarily based supplier of scalable and liable synthetic intelligence (AI) software. The two organisations will be jointly acknowledged as Aicadium and will grow functions to provide a world-wide business customer base.
BasisAI was co-launched by Liu Feng-Yuan, Linus Lee, and Silvanus Lee in 2018 to attract on their planet-course experience in constructing scalable AI from Silicon Valley organizations and seize the broad option to construct an AI powerhouse in the APAC area.
In 2019, BasisAI elevated S$8.2 million (US$6 million) in seed funding from Temasek, a Singapore-headquartered world-wide financial investment firm, and Sequoia India. One calendar year later on, the startup introduced its proprietary end-to-stop equipment learning platform, Bedrock, which enables organisations to speedily deploy dependable AI methods.
Because then, BasisAI has long gone on to deploy answers for organisations this kind of as DBS, UOB, OCBC, ComfortDelGro, the Singapore governing administration, and Singapore Airlines, and has also partnered with worldwide companies which includes Accenture, PwC, and AWS.
Aicadium was introduced in August 2021 as Temasek’s worldwide centre of excellence in Artificial Intelligence. It aims to lover with Temasek portfolio organizations and other enterprises trying to get to build and scale conclude-to-conclude AI solutions to improve business outcomes. The company leverages its world-wide crew of info scientists and engineers, a repeatable and scalable procedure, and a system of AI algorithms, versions, and instruments to help consumers attain operational AI inside their organisations.
The recently merged organisation delivers collectively the ideal of blended abilities, like deep AI/ML and products enhancement skills spanning many years. The combined team’s verified practical experience offering end-to-conclusion AI answers for enterprises will allow Aicadium’s worldwide enlargement ideas.
“This acquisition enables us to accelerate our growth system, broaden our get to and broaden our providing that is constructed on the strong basis of a highly effective AI platform and a blended team of expertise. We are excited to be signing up for forces with Aicadium to augment our power in constructing responsible AI techniques,” stated Mr. Liu Feng-Yuan, Co-founder and Chief Executive Officer of BasisAI, who will suppose an executive leadership placement at Aicadium alongside one another with fellow BasisAI Co-founder Linus Lee.
“BasisAI shares Aicadium’s dedication to deliver AI methods that are responsibly and ethically made, developed, and deployed,” explained Dr. Michael Zeller, Head of AI System & Methods at Temasek.
“The strengths that BasisAI delivers to the Aicadium team include things like not only an exceptionally gifted and knowledgeable group of details scientists, software program engineers, and small business leaders but also an AI system that was designed from the ground up with these values in mind,” Dr. Zeller explained. “With each other, the new entity will even further Temasek’s approach of deploying capital to catalyse modern and transformational systems, this kind of as AI, to increase organizations and create a extra inclusive, resilient entire world.”
About Aicadium
Aicadium is a world wide engineering company focused to producing and scaling AI solutions by leveraging deep knowledge and a frequent machine studying platform. As Temasek’s world wide centre of excellence in Synthetic Intelligence, we partner with companies to build and operationalize impactful AI remedies throughout a extensive wide variety of industries and use conditions.
Our group consists of expert data researchers, application engineers, and AI company leaders in Singapore and San Diego, CA. As a crew, we spot the maximum precedence on the dependable adoption, growth, and shipping of AI systems and remedies, with the intention of offering improved enterprise results that usher in a extra resilient and inclusive world.
For much more data, take a look at the business website: https://aicadium.ai/
Source BasisAI Aicadium
