Basetwo, an AI company specializing in industrial engineering solutions, has raised $11.5 million in a Series A funding round led by AVP Venture Capital, with participation from investors including : Glasswing Ventures, Deloitte Ventures, and industrial partners from Japan.
The funding will support the development of AutoPilot technology to enhance production processes in pharmaceutical and chemical industries, as well as expand into key markets such as the US, Japan, Europe, and the Middle East.
The company is backed by Hub71 in Abu Dhabi, bolstering its growth in the digital industrial sector.
