Singapore-based technology firm Willowmore has announced the successful completion of its Series A+ funding round, which was led by Oriza Greenwillow Technology Fund and included investment from SEEDS Capital, the investment arm of Enterprise Singapore. The capital injection will accelerate Willowmore’s growth and the development of innovative technology solutions. It will also help the company expand its market presence and strengthen its position as a leading provider of smart access, IoT, and analytics technologies.
Willowmore plans to use the proceeds from the funding round to grow its sales team, ramp up sales channels in new markets, expand its product range of smart locks and security solutions, and further strengthen its artificial intelligence capabilities. The investment from SEEDS Capital will enable Willowmore to deliver value to major critical infrastructure players and small and medium-sized enterprises (SMEs) in Singapore, helping them drive automation, operational efficiency, cost savings, and sustainability.
Willowmore’s WMSenseHub 2.x platform integrates smart access technology with sensors and CCTV systems, and has already been adopted by critical infrastructure players in Singapore and Indonesia. The company has also developed a strong pipeline of new hardware and software solutions that will be released in 2023.
In addition to the funding round, Willowmore has been renewed under the Accreditation program by the Infocomm Media Development Authority, Singapore (IMDA), in 2023. This reflects the company’s ongoing commitment to driving innovation and excellence in Singapore’s information and communications technology (ICT) industry.
As an IMDA Accredited company, Willowmore aims to deliver innovative and effective ICT solutions to its clients, bringing about its commitment to excellence and its ongoing efforts to stay at the forefront of the ICT industry. Willowmore’s patented technology integrates with sensors, CCTV systems, and video analytics to potentially drive automation without compromising the security and reliability of critical infrastructure.
SEEDS Capital catalyzes smart investments into innovative Singapore-based early-stage startups with solid intellectual content and global market potential. It works hand in hand with institutional investors worldwide, helping startups commercialize, realize their business development plans, and expand globally. Oriza Greenwillow Technology Fund invests in early-stage technology start-ups in Singapore and the fast-growing markets of Southeast Asia, with a primary focus on the smart cities and health-tech sectors.
Overall, Willowmore’s successful funding round and continued growth reflect the growing importance of smart access, IoT, and analytics technologies in Singapore and Southeast Asia. As the company expands its market presence and strengthens its position as a leading provider of these technologies, it will help to drive innovation, automation, operational efficiency, cost savings, sustainability, and excellence in Singapore’s ICT industry and beyond.
Based on the article “Singapore’s Willowmore secures Series A+ funding from SEEDS Capital, Oriza Greenwillow Technology Fund.”