Singapore, 31 Aug 2021— Aicadium, a global technology company founded by Temasek and dedicated to creating and scaling AI solutions, today announced the acquisition of BasisAI, a Singapore-based provider of scalable and responsible artificial intelligence (AI) software. The two organisations will be jointly known as Aicadium and will expand operations to serve a global enterprise customer base.
In 2019, BasisAI raised S$8.2 million (US$6 million) in seed funding from Temasek, a Singapore-headquartered global investment firm, and Sequoia India. One year later, the startup launched its proprietary end-to-end machine learning platform, Bedrock, which enables organisations to rapidly deploy responsible AI solutions.
Since then, BasisAI has gone on to deploy solutions for organisations such as DBS, UOB, OCBC, ComfortDelGro, and the Singapore government, and has also partnered with global companies including Accenture, PwC, and AWS.
Aicadium was launched in August 2021 as Temasek’s global centre of excellence in Artificial Intelligence. It aims to partner with Temasek portfolio companies and other enterprises seeking to develop and scale end-to-end AI solutions to improve business outcomes. The firm leverages its global team of data scientists and engineers, a repeatable and scalable process, and a platform of AI algorithms, models, and tools to help clients achieve operational AI within their organisations.
The newly merged organisation brings together the best of combined capabilities, including deep AI/ML and product development expertise spanning decades. The combined team’s proven experience delivering end-to-end AI solutions for enterprises will enable Aicadium’s global expansion plans.
Press Contact:
Elizabeth Rose
VP of Marketing and PR
elizabeth.rose@aicadium.ai
