Thursday, April 24, 2014

KAI Square secures S$4m in Series B funding to accelerate expansion of its Video Analytics as-a-Service Platform

SINGAPORE, 24 April 2014 – KAI Square (KAI), a Singapore-based company offering Video-Analytics-as-a-Service (VAaaS), announced today it had secured S$4m in Series B financing from Ingrasys Technology (Ingrasys), a wholly-owned subsidiary of the Foxconn Technology Group, and SingTel Innov8 (Innov8). The funds will be used to fuel product development of new video analytic applications onto its cloud-based platform and market expansion outside of Singapore. The additional funding will also allow for product expansion of its home based solution targeted at family safety in late 2014.