[Press Release] Singapore’s five-month-old startup BRDA bags a total of US$1.5million in pre-seed round to apply more of their data magic in Asia

BRDA has received an additional US$650k funding from an angel investor, on top of US$850k of funding provided in the pre-seed round, to help propel BRDA further into the telco and energy sector in Asia.

A test pilot for BRDA Legion, a core product of the company, has successfully took place earlier in the year. From toll data that possess billions of lines of past transactions and over 25 million lines of daily transactions, BRDA was able to develop several data products, such as a logistics company risk assessment product for financial institutions and vehicle insurance products for the insurance sector.

Transforming a single data stream into different products for various industries is not an easy task in general. In fact, BRDA is looking at doing so across different countries in Asia, to bridge the information gap that can bring about massive business opportunities and growth in Asia. BRDA has also received support from A*ccelerate, A*STAR’s research commercialization arm, in its business roadmapping efforts as well as licensed the Modstore.ai platform from the Institute of High Performance Computing (IHPC) to complement its data analytics tools.

BRDA is not afraid of taking large strides in its infancy towards other sectors like energy and telco. With the additional funding, BRDA will be in a good position to confidently do so.

“Having successfully test-piloted our core product, BRDA Legion, for a nationwide toll data in the region, we are now in talks with companies in Asia from the telco and energy sector to see how we can continue this momentum to bring a little more data magic to help propel their growth. Having an additional injection of $650k will allow us to engage those new sectors,” said Mr. Andy Low, Co-Chief Executive Officer of BRDA.

 

 

 

18 DEC 2020

BRDA PTE LTD

 

 

——————————————————————————–

About BRDA

BRDA is a deep tech startup focusing on bridging the information gap in Asia through AI and Big Data. BRDA, established in July 2020, is headquartered in Singapore. With a mission to develop impactful innovations from data by leveraging cutting-edge technologies and capabilities, BRDA hopes to build a valuable data platform for Asia from an extensive and ever-growing library of data products and resources. Learn more about BRDA at www.brda.com.sg.

SHARE THIS STORY

Share on facebook
Share on twitter
Share on linkedin
Share on email

RELATED POSTS

Can AI Help You Flirt Better

Can AI Help You Flirt Better?

“Excuse me, but I think you dropped something: my jaw.” This is the pick-up line the famous artificial intelligence (AI) chatbot ChatGPT dished out when we asked for some viable options. Not the most original, sure, but not bad for a trained algorithm.

4 Popular Companies Offering the Best Vacation Policies

4 Popular Companies Offering the Best Vacation Policies

The work-life balance is becoming increasingly important to many employees, and a comprehensive and generous vacation policy plays a crucial role in achieving this balance. Vacation time gives employees the chance to recharge, pursue personal interests and reap numerous benefits, such as increased job satisfaction, reduced stress and improved overall well-being

Is Using AI for Academic Writing Cheating?

Is Using AI for Academic Writing Cheating?

From films written and directed by ChatGPT to Kindle authors writing books with artificial intelligence (AI), we are seeing more and more reportage on AI writing tools these days. While writing with an AI may seem harmless and possibly helps improve work efficiency, the use of these tools in the sphere of academic writing has generated serious concern. Teachers are worried that the use of AI writing tools is equivalent to plagiarism or cheating.

7 Creative Ways to Reward Employees without a Salary Raise

7 Creative Ways to Reward Employees without a Salary Raise

Giving your employees a raise is a significant way to show your employees that you value their work and compensate them appropriately for their contributions. Failing to acknowledge the work of your employees can be ‌costly for startups. A OnePoll survey of 2,000 workers found that almost half of ‌American workers (46%) have quit a job due to feeling unrecognized