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BaseTwo is a Toronto-based software company, with additional offices in Boston and Abu Dhabi, that develops an artificial intelligence platform to help manufacturing engineers optimize production processes and build digital twins. The business-to-business software-as-a-service platform utilizes machine learning and physics-based models to improve efficiency, reduce costs, and predict equipment failures across the pharmaceutical, specialty chemical, and industrial sectors. The enterprise has raised venture capital to scale its global operations, securing a $3.8 million seed round followed by an $11.5 million Series A financing round. BaseTwo is backed by notable institutional and corporate investors such as Glasswing Ventures, Deloitte Ventures, and Shimadzu Corporation, while also receiving industry recognition from major corporations like Merck and Boeing. The company was founded in 2022 by Thouheed Abdul Gaffoor, Thamjeeth Abdul Gaffoor, Tawfeeq Abdul Gaffoor, and Kiefer Eaton.
BaseTwo has raised $3.8M across 1 funding round.
BaseTwo has raised $3.8M in total across 1 funding round.
BaseTwo has raised $3.8M in total across 1 funding round.
BaseTwo's investors include Argon Ventures, Caffeinated Capital, Graphite Ventures, MaRS IAF, Plug and Play, Quiet Capital.
BaseTwo has raised $3.8M across 1 funding round. Most recently, it raised $3.8M Seed in May 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| May 27, 2022 | $3.8M Seed | Argon Ventures | Caffeinated Capital, Graphite Ventures, MaRS IAF, Plug And Play, Quiet Capital | Announced |
