UAE-based investment firm Qora71 participated in Toronto-based AI platform for manufacturing engineers Basetwo AI’s USD 11.5 mn series A funding round, which was led by AVP and included contributions from Glasswing Ventures, Deloitte Ventures Canada, Global Brain Corporation, Shimadzu Corporation, and Chiyoda Corporation, according to a press release.

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Where will the money go? The company will use the funding to develop its AutoPilot technology for autonomous, real-time manufacturing control, and expand its presence across the US, Europe and the Middle East. It will also continue to grow its teams.

About the startup: Basetwo — which has an Abu Dhabi office — offers chemicals and pharma manufacturers a platform where they can run virtual experiments and simulate process changes before implementation in a bid to cut down on cycle times and improve product quality. The current platform’s technologies are able to improve product quality by 25% and reduce cycle times and raw material usage by 40%.

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