Basetwo Raises $11.5M in Series A Funding to Advance AI-Driven Manufacturing Technology
Basetwo aims to redefine manufacturing efficiency by empowering engineers with AI-driven tools.
Company Name: Basetwo
Location: Toronto, Canada
Industry: Manufacturing
Funding Details:
- Amount: $11.5M (Series A)
- Investors:
- Lead Investor: AVP
- Participants: Glasswing Ventures, Deloitte Ventures, Global Brain Ventures, Shimadzu Corporation, Chiyoda Corporation, and Qora71 (UAE angel investors)
Purpose of Investment:
- Expand operations and scale its AI platform globally.
- Accelerate the development of AutoPilot technology for autonomous, real-time manufacturing control.
- Expand presence in the US, Japan, Europe, and the Middle East.
Leadership:
CEO and Co-Founder: Thouheed Abdul Gaffoor
Product:
Physics AI Platform is a revolutionary system combining chemical engineering principles with artificial intelligence to optimize manufacturing processes, particularly in pharmaceutical and chemical industries.
Key Features:
- Virtual Experiments: Allows manufacturers to simulate process changes and run experiments virtually before live implementation.
- Cost and Time Savings: Significantly reduces the time and cost associated with optimizing production processes.
- Risk Mitigation: Eliminates risks linked to live testing by providing accurate process simulations.
- AutoPilot Technology: Enables autonomous, real-time control of manufacturing processes to maximize efficiency and minimize waste.
About the Company:
Basetwo aims to redefine manufacturing efficiency by empowering engineers with AI-driven tools. Its platform blends deep expertise in chemical engineering with cutting-edge AI, helping manufacturers achieve faster, safer, and more cost-effective production outcomes.
Future Plans:
With the Series A funding, Basetwo is set to enhance its AI capabilities, expand its global footprint, and bring transformative technology to manufacturers worldwide, further advancing efficiency and innovation in the sector.
