Singapore based linked data analytics company Latize, secured $1.4 Million (S$2 Million) in the latest funding round which saw participation of existing investors ACP and Spring Seeds Capital. Tembusu ICT Fund 1 also joined the growth funding round. The firm will utilize the funds to sharpen its productisation strategies and scale up its business and operations globally.
Latize CEO, Vikram Mengi said,
We will be releasing a host of exciting new features in the coming months to increase our product’s capabilities to discover and extract meaningful insights. Such on-going research and investments into our product will enable us to stay ahead of the competition.
This new round has come on the heels of Latize’s renewal of its accreditation status with IDA. Since its series AA funding round last year, it has been focusing on the productisation of its Ulysses platform towards helping its customers use their data to make better business decisions in areas such as Investigation & Compliance, Customer Relationship Management, Data Monetization and Holistic Education.
As an IDA Accredited company, opportunities generated through Accreditation@IDA have also helped Latize create a steady pipeline. Earlier this year in April, it opened its first overseas office in Sydney, Australia, with IE Singapore’s support, to target the growing global demand in data management and analytics.
Edwin Low, Director of Accreditation@IDA said,
We are both pleased and encouraged that Latize has closed this new round of funding; both the funding and VC institutional support will help propel the company’s growth. Accreditation@IDA will continue to help innovative start-ups, like Latize, to grow both locally and internationally.
As an accredited product, Ulysses continues to be the top linked data analytics solution in Singapore and the strong support from IDA has been pivotal in helping Latize become a leader in the market. Headquartered in Singapore and founded in 2009, Latize is the developer and global distributor of Latize Ulysses, a semantic linked data management software suite for data capture, data transformation, and data utilisation.
