Singapore AI Start-up AIQURIS Secures Seed Funding

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AIQURIS (formerly AI Procured) has secured seed funding from lead investor TUV SUD, with additional investment from FutureLabs Ventures.

AIQURIS assists organisations in the qualification and integration of AI solutions. The corporate venture is based in Singapore and is managed by the co-founders Dr Andreas Hauser and Dr Martin Saerbeck.

AIQURIS is a strategic collaboration between TÜV SÜD, Singapore Economic Development Board, and FutureLabs Ventures, facilitated through the EDB Corporate Venture Launchpad programme, which supports companies with venture creation and startup partnerships from Singapore.

With the successful completion of the minimum viable product stage of its software platform, AIQURIS is set to change how enterprises qualify and integrate AI solutions. Hauser and Saerbeck lead the team, which comprises AI experts, testing, inspection, and certification experts, SaaS specialists, and entrepreneurs.

“In the rapidly evolving landscape of AI, the AIQURIS platform will set benchmarks for quality and trust in AI procurement and adoption,” said Hauser. “We help organisations choose and integrate safe, compliant, performing and ethical AI solutions, empowering them to utilise the full potential of AI.”

“AIQURIS excels in taking specific AI use cases and deriving all relevant requirements to qualify the respective AI solutions and vendors,” said Saerbeck. “Our approach embodies our intensive involvement with the standardisation, risk assessment and quality assurance of AI systems. By using the AIQURIS platform, organisations know exactly which standards and frameworks are relevant for their use case, providing them with the knowledge and skills to procure and adopt AI solutions quickly and efficiently.”

“AIQURIS plays a pivotal role in the rapidly evolving AI sector, empowering organisations to gain a deeper, more comprehensive understanding of risks and mitigations of AI models, at granular, use-case level,” said FutureLabs CEO Mario Aquino. “We view AIQURIS as a transformative enabler of the AI sector and an important investment and new venture build in FutureLabs’ growing portfolio.”

The strong backing positions AIQURIS well for future growth and development, providing enterprises with the confidence to navigate the complexities of AI procurement and adoption.

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