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.

CCTVs have traditionally been used for passive surveillance, but KAI has transformed and unleashed untapped value in these videos. The company’s flagship product “KAI Unified Platform” helps business owners, such as retailers, analyze video footages and gain deep insights about their businesses in real time. With a subscription-based model, easy setup, and cutting edge analytics capabilities, retailers are now able to get real-time marketing data about their customers’ profiles and shopping habits anytime and anywhere, thereby enabling retailers to improve their service quality and drive up their bottom line.

Mr Edgar Hardless, CEO of SingTel Innov8, commented “There is valuable information in everyday videos. KAI is at the forefront of developing capabilities in video analytics and the recent VAaaS product launch with SingTel has helped SingTel offer to its customers additional capabilities with everyday video. We are excited to be able to support KAI as they expand into new markets by leveraging SingTel Group’s experiences, go-to-market capabilities, and strong industry network.”

“We have been working closely with KAI in terms of cloud storage solution and hardware supply,” Mr Ed Wu, CEO of Ingrasys, mentioned. “Ingrasys has been focusing on fields of cloud computing application, intelligent surveillance, big data platform, and has been a global leading developer in the segment. The investment is strategic for Ingrasys and win-win for both companies. Together with KAI, we will be able to provide additional value through video analytics for the customers.”

“We are honored to have Innov8 and Ingrasys as our strategic investors. It is an affirmation of the vision that KAI Square is pursuing,” added Dr Neo Shi Yong, CEO of KAI Square. “This strategic investment and partnership will enable us to expand into new markets and territories with access to SingTel Group, through Innov8, and enhance our product development with the leading edge technology Ingrasys brings.”

About SingTel Innov8 

SingTel Innov8, a wholly-owned subsidiary of the SingTel Group, is a corporate venture capital fund, with its own set of decision making, approval and funding processes. It has an initial fund size of S$200 million. SingTel Innov8 focuses its investments on technologies and solutions that lead to quantum changes in network capabilities, next generation devices, digital content services and enablers to enhance customer experience. It works closely with the ecosystem of leading innovators, developers, government agencies, R&D and capital providers to bring cutting-edge technologies and solutions to the various markets the SingTel Group operates in. For more information, visit

About Ingrasys Technology 

Ingrasys Technology Inc., a wholly-owned subsidiary of Foxconn Technology Group, has been focusing on the fields of data center infrastructure platform, network attached storage, intelligent surveillance solution, big data platform, as well as intelligent power control unit and has been a global leader in the cloud computing and modular data center technologies.

Headquartered in Tao-Yuan, Taiwan with approximately 1,000 employees worldwide, Ingrasys is committing to providing a broad range of tailor-made services for customers with manufacturing facilities in Taiwan, China, and Mexico etc.. More than three hundreds of professional R&D engineers are dedicated to offering different aspects of cloud technologies from infrastructure platform software; network attached storage, intelligent Ethernet IO solution, cloud surveillance, as well as system integration at the scale of modular data center. Extensive experiences in the cloud technologies promise Ingrasys a value partner to deliver breakthrough and best-in-class intelligent cloud-based solutions with excellent usability and reliability for the customers to win the fast-growing cloud computing service business. Ingrasys holds the most stringent quality management certification from the International Organization for Standardization (ISO9001). Through innovative products and services, Ingrasys accelerates the journey to cloud computing, helping customer to extend their business scale in a more efficient way.

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