Participated · Seed · Mar 2022

SpaceAge Labs develops remoteEye, a sensor-agnostic IoT/AI platform for connected operations and maintenance that combines low‑power rEye IoT Nodes, low‑cost long‑range wireless networks and an enterprise-grade rEye Data Cloud. rEye IoT Nodes read and transmit data from industrial sensors, while the wireless networks cost as little as S$1 per month per device, support multi‑kilometre range and up to five years of battery life. The rEye Data Cloud stores, analyses and visualises sensor data with proprietary AI and geospatial analysis accessible via web or mobile. The company is initially targeting Water/Wastewater, Urban Greenery/Landscaping and Facilities Management sectors. SpaceAge Labs plans to use its recent seed funding to grow its team, expand internationally and roll out pilot projects across Singapore, Australia and the U.S. It is supported by NUS Enterprise, Imagine H2O and PUB’s Singapore Water Exchange, and works with Planetspark (an Excelpoint subsidiary) as a partner and investor.

Participated · Equity · Jul 2021

Meridian Innovation is a Singapore-based developer of low-cost, mass-producible thermal imaging sensors built on CMOS technology. Its core product is an advanced complementary metal-oxide-semiconductor (CMOS) LWIR thermal imaging sensor fabricated using a patented CMOS-only approach. The company targets commercial and consumer applications aimed at enabling safer and better living. Meridian has operations in Hong Kong, the USA and the UK and is led by CEO Hock Leow. It raised US$12.5M in the most recent funding round, bringing total funding to US$30M. The company intends to use the proceeds to scale operations, accelerate product development and expand into broader consumer and commercial markets. Meridian Innovation is a developer of low-cost, mass-manufacturable CMOS thermal sensors, marketed under its SenXor™ product family and protected by multiple international patents. Its sensors emphasize low power and low cost enabled by a CMOS production process and are positioned for rapid adoption across Smart Appliances, ADAS, AI-assisted failure analyzers, security, medical & safety products, and portable thermography instruments. Over the last 12 months Meridian has shipped to more than 20 customers across multiple market segments and has been manufacturing sensor modules for a year. The company is accelerating ramp-up of commercial production and working with a manufacturing investor to scale output. It is developing a second-generation SenXor™ sensor and plans to begin sampling that product in early 2022. Meridian has received steady investor support to date, bringing total investment to more than US$18 million. Meridian Innovation develops advanced CMOS thermal imaging solutions, using a patented approach to fabricate MEMS LWIR sensors. The company targets commercial and consumer markets including smart appliances, IoT devices, ADAS, AI-assisted heat-failure analyzers, security, and medical and safety products. Meridian plans to use new funding to further enable and accelerate market penetration and product development. It raised US$6M in its latest round, bringing total investment to date to more than US$10M. The company is led by CEO and co-founder Hock Leow and has operations in Singapore, Hong Kong, the USA and the UK. Meridian employs more than 25 people across its locations.