Red Dot Analytics, a Singapore-based company that aims to help digitalise, optimise, and automate Data Centre operations with its tech solutions, today announced that it has secured an undisclosed seed funding round from IMO Ventures, Avior Capital, and GSR Ventures.
A spin-off of Nanyang Technological University (NTU), the startup has previously raised investment from Yincubator and grants from Enterprise Singapore.
Red Dot Analytics builds artificial intelligence (AI)-driven digital twin solution, also known as a cognitive digital twin, that helps transform data centre operations and management.
In a press statement, the tech is described as pivoting on a network of industry-grade digital twins, cross-calibrated with operational data from existing IoT devices by an AI agent.
The network of twins serves two purposes to synthesise a large volume of self-labelled operational data for AI model training and validate control policies derived from well-trained AI models, in a dual cycle loop manner.
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It enables data centre operators to apply AI-driven digital transformation to achieve energy efficiency without compromising its availability, which is described as a “big dilemma in the industry.”
The research and development work is led by Prof. Wen Yonggang, a full Professor and President’s Chair of Computer Science and Engineering at NTU.
He has won multiple industry accolades including the Data Centre Dynamic Award (2015), the ASEAN ICT Medal Award (2016), and the IEEE Industrial Technical Excellence Award (2020).
“Surging demand for digital services translates to more data centres being built, which naturally brings about concerns as to their associated energy consumption and the consequent impact on climate change,” said Prof. Wen.
“Our technology improves the sustainability of data centres in terms of their energy and carbon footprint, as it greatly increases the productivity, efficiency, and resiliency of a data centre’s facilities,” Prof Wen added. “Another benefit is that capital and operational expenditure investment in a data centre can be reduced.”
The investment into Red Dot Analytics is one of the latest raised by AI startups in Singapore. Before this, in May, Microsoft’s VC arm invested US$6.25 million into hyperlocal solutions provider NextBillion.ai.
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