Ailytics Raises $7.4 Million to Run Safety AI on Decades-Old Factory Cameras Across 15 Countries

Ailytics, a Singapore startup that turns existing industrial CCTV into a real-time safety monitor, has raised 7.4 million dollars in a Series A led by Tin Men Capital. SEEDS, part of state investor SG Growth Capital, joined alongside Safie, Japan largest cloud camera company, one of Japan largest construction firms, family offices and existing investors, according to an announcement on Monday.

The round follows a 2.7 million dollar pre-Series A led by Tin Men in April 2024. In the two and a half years since, the company says it has grown from 70 projects in four countries to more than 400 deployments across 15 countries, a step change that came from one product decision: do not sell cameras, sell software that runs on the cameras customers already have, some of them decades old.

Its platform, Ailyssa, derives three-dimensional spatial understanding from a single two-dimensional video feed and is built to work through rain, dust, poor lighting and obstructed views, conditions where models trained in controlled settings tend to fall apart. In June the company shipped AilyssaX, a contextual reasoning engine that processes scenes on the move and verifies multi-step procedures, which the company says cuts false alarms and produces alerts a site manager can actually act on.

The reference deployments are heavy industry: steel producer NatSteel, shipyard operator PaxOcean in Indonesia, DHL, Rome Leonardo da Vinci International Airport, and the construction site for Changi Airport Terminal 5, where the system monitors more than 1,000 cameras. The company reports that its platforms have detected more than 5.7 million hazards and monitored over 500 million square metres of active worksites, and that customers have seen a 73 percent reduction in total recordable incident rates and 84 percent fewer safety non-compliances. Those are company figures, not audited results.

Japan is the strategic prize. Safie supplies 29 of the 30 largest construction companies there, and signed a memorandum of understanding with Ailytics in April 2026 in a ceremony witnessed by Enterprise Singapore and the Tokyo Metropolitan Government; its investment converts that partnership into an equity position. Chief executive Lenard Tan said the new money strengthens local teams in the United States, Japan, Australia and the Gulf. Data provider DealStreetAsia estimates Ailytics had raised 6.36 million dollars in equity before this round, with Tin Men holding about 24 percent.

The wider point is that the durable revenue in industrial AI is rarely the model. It is the unglamorous layer where a company ingests thousands of hours of existing footage, learns the compliance rules of a specific site, and becomes too embedded to rip out. Tin Men co-founder Jeremy Tan said the company has reached 15 markets with client churn below 1 percent. For investors wondering where AI returns actually land, a safety system with sub-1 percent churn and a five-year deployment history is a more concrete answer than another foundation model round.