ASETS is a technology company.
ASETS has raised $500K across 1 funding round.
ASETS has raised $500K in total across 1 funding round.
ASETS has raised $500K in total across 1 funding round.
ASETS's investors include Accel, Venture Catalysts | India's First Integrated Incubator.
ASETS (asets.io) is an AI-powered engineering startup that builds the Integrated Design Suite (IDS), a cloud-based platform serving engineers, EPC firms, and facility owners in streamlining 3D CAD modeling and facility layout design.[2][3][4] It solves inefficiencies in traditional engineering workflows by automating data extraction from 3D scans, reducing manual modeling time by up to 85%, and accelerating project timelines by over 25% through parametric libraries, generative AI, and multi-disciplinary data exchange tools.[2][3] Launched in 2018, ASETS has gained traction with Pre-Series A funding from investors like Accel, Quantum Edge, and Deepak Group, plus earlier seed from Right Side Capital and a €100K genr8tor accelerator investment, fueling team expansion and go-to-market efforts in Canada, India, and the EU.[2]
(Note: A distinct Singapore-based firm, Advanced Semiconductor Equipment Technology Singapore or ASETS, focuses on semiconductor equipment sales, assembly, and repair but matches less closely with the "technology company" framing here.[1])
Founded in 2018 in Luxembourg by Ashwini Oke, a Luxembourger entrepreneur, ASETS-CA (operating as asets.io) emerged to modernize engineering workflows bogged down by manual data handling.[2][3] Oke's vision led to the IDS platform, starting with tools for converting scans to BIM and evolving into a full suite including IDS-UFC (Scan-to-BIM), IDSC (AI for 3D CAD generation from documents), and parametric design libraries.[2][3] Pivotal moments include 2022 selection for Luxembourg's genr8tor accelerator, yielding €100K for 7% equity and mentorship, followed by 2023 expansion to Canada and Pre-Series A funding led by Deepak Group, securing contracts in India, Canada, and the EU.[2]
ASETS rides the AI-for-engineering wave, capitalizing on generative AI and digital twins to disrupt legacy CAD tools amid booming infrastructure and manufacturing demands.[2][3] Timing aligns with global pushes for manufacturing competitiveness—like India's sector modernization—fueled by market forces such as labor shortages, rising EPC complexity, and 3D scanning ubiquity.[2] By enabling faster, collaborative design, ASETS influences the ecosystem, empowering firms to scale projects efficiently and bridging gaps in multi-disciplinary teams.[3]
ASETS is poised to dominate AI-enhanced facility design with its IDS expansion, targeting hires in AI/engineering and deeper penetration in high-growth markets like India and Canada.[2] Trends like parametric AI proliferation and Scan-to-BIM mandates will propel it, potentially evolving into a full engineering OS as investor backing amplifies influence. Watch for enterprise wins that solidify its edge in reimagining 3D workflows from the ground up.[2][3]
ASETS has raised $500K across 1 funding round. Most recently, it raised $500K Seed in March 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2024 | $500K Seed | Accel, Venture Catalysts | India's First Integrated Incubator |