# Ascent Solutions Pte.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ascent-solutions-pte

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.myascents.com
- Total disclosed funding: $7.4M
- Latest round: Series B (Sep 27, 2019)
- Investors on record: 4

## About

Ascent Solutions Pte. Ltd specializes in advanced industrial IoT track-and-trace solutions, serving various sectors such as logistics, retail, and maritime, enhancing operational efficiency through innovative technology.Founded in 2010 in Singapore, Ascent Solutions Pte. Ltd provides industrial IoT solutions with a focus on track-and-trace technologies. The company has completed 4 deals, with the most recent funding round being a Series B, raising USD 3.99 mn on September 27, 2019, from RISA Partners. The company is currently valued at USD 37.07 mn.Ascent Solutions Pte. Ltd offers a range of industrial IoT track-and-trace solutions designed for logistics, maritime, retail, and infrastructure sectors. Key products include SMART Telematics, SMART Supply Chain, SMART Retail, SMART Infrastructure, and SMART Warehouse/Collateral Management systems, all aimed at improving tracking and accountability using technologies like RFID and Electronic Cargo Tracking Systems. Their diverse clientele includes fleet management companies and logistics providers across Asia, Europe, and the Americas.In the most recent fiscal year 2023, Ascent Solutions reported a revenue of USD 11.17 mn and an EBITDA of USD 746,572. Revenue generation is primarily through subscription models, partnerships, and direct sales, structured around service agreements that ensure ongoing support for their technology suite.Ascent Solutions Pte. Ltd plans to expand its product offerings and geographic reach utilizing the recent Series B funding, which raised USD 3.99 mn. The company aims to introduce new products designed for enhanced tracking solutions, and is targeting expansion into additional markets across Asia and Europe by 2024. The funding will support these initiatives, further solidifying their market presence and operational capabilities.

## Funding rounds

- Series B, Sep 27, 2019, $4M — RISA Partners
- Series A, Jan 19, 2016, $2.3M — UOB Venture Management, SEEDS Capital
- Seed, Sep 3, 2010, $1.1M — EVIA Capital Partners, SEEDS Capital

## Investors

- EVIA Capital Partners (https://capitalatlas.ai/funds/evia-capital-partners) — Seed
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Seed, Series A
- UOB Venture Management (https://capitalatlas.ai/funds/uob-venture-management) — Series A
- RISA Partners (https://capitalatlas.ai/funds/risa-partners) — Series B