The Business Times | AI Startup Avanseus Raises S$1.5m In Bridge Round Led By TNB Aura; Eyes US$8m To US$12m Series A

“Predictive maintenance software startup Avanseus Holdings has raised S$1.5 million in a pre-series A convertible bridging round led by TNB Aura.

Seeds Capital, the investment arm of Enterprise Singapore, was a co-investor.

The company, which had previously raised US$2.5 million of seed funding, is now preparing to raise series A capital. TNB Aura managing partner Vicknesh R Pillay told The Business Times that Avanseus is eyeing US$8 million to US$12 million for the coming funding round. TNB Aura primarily invests in data-driven business-to-business hardware and software companies…”

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