Tue. Jan 31st, 2023

Motion G Raises Over US$15M in Pre-A Funding

Motion G, a Singapore-based AI and smart software company, raised over $15M in Pre-Series A funding.

The round was led by New Wheel Capital.

The company intends to use the funds to accelerate the developments of data-centric foundation models, digital twin and automation software to speed up industrial engineering processes.

Led by CEO Oliver Kwan, Motion G is developing an intelligent engineering platform to reduce R&D cost and time to market, enable features on demand for low-cost delivery, verify designs in real time, and make industrial products smarter and more efficient to operate. As its first application, its intelligent engineering platform has been adopted rapidly by the manufactures of flexible transport systems, Li-ion battery, food and beverage packaging systems, oil drilling rigs, industrial robots, semiconductors, 3C devices, automated guided vehicles, and electric tools.

FinSMEs

03/01/2023

SOURCE https://www.finsmes.com/2023/01/motion-g-raises-over-us15m-in-pre-a-funding.html

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