Basetwo, a Toronto, Canada-based AI platform for manufacturing engineers, has raised $11.5 million in Series A funding.
Investors
The round was led by AVP, with participation from Glasswing Ventures, Deloitte Ventures, Global Brain Ventures, Shimadzu Corporation, Chiyoda Corporation, and UAE angel investors via Qora71.
AVP is a global venture capital firm managing over $2 billion in assets, focused on high-growth, tech-enabled companies. Founded in 2016, AVP has invested in over 60 companies across the U.S. and Europe, specializing in venture, growth, and late-stage investments. With offices in New York, London, and Paris, AVP supports international expansion and provides tailored growth opportunities for its portfolio companies.
Basetwo Use of Funds
The funding will accelerate the development of Basetwo's AutoPilot technology for autonomous, real-time manufacturing control and support its expansion across the U.S., Japan, Europe, and the Middle East. The company plans to grow its AI, engineering, and business teams.
About Basetwo
Basetwo provides an AI platform designed to enhance manufacturing efficiency. Its Physics AI platform enables manufacturers in industries such as pharmaceuticals and chemicals to optimize complex processes. Basetwo's low-code platform empowers process engineers to leverage AI technology for critical use cases, such as quickly bringing new products to market and optimizing existing processes. Basetwo is headquartered in Toronto, with additional offices in the U.S. and UAE.
Funding Details
Company: Basetwo Artificial Intelligence Inc.
Raised: $11.5M
Round: Series A
Funding Date: January 2025
Lead Investor: AVP
Additional Investors: Glasswing Ventures, Deloitte Ventures, Global Brain Ventures, Shimadzu Corporation, Chiyoda Corporation
Company Website: https://www.basetwo.ai/
Software Category: Industrial Manufacturing Solutions
Source: https://www.globenewswire.com/news-release/2025/01/23/3014197/0/en/Basetwo-Raises-11-5M-Series-A-to-Transform-Chemical-Manufacturing-with-Physics-AI-Platform.html