# Basetwo Artificial Intelligence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/basetwo-artificial-intelligence

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.basetwo.ai
- Total disclosed funding: $15M
- Latest round: Series A (Jan 23, 2025)
- Investors on record: 14

## About

Based in Ontario, Canada, and founded in 2022 by CEO Thouheed Abdul Gaffoor, CFO Thamjeeth Abdul Gaffoor, Tawfeeq Abdul Gaffoor, and Kiefer Eaton, Basetwo Artificial Intelligence Inc., a.k.a. Basetwo AI operates as a provider of a SaaS AI platform for process engineers to build physics-informed AI for improving productivity, quality, and efficiency across the value chain. In May 2022, Basetwo Artificial Intelligence Inc. raised USD 3.8 million in seed funding co-led by Argon Ventures and Glasswing Ventures, with participation from Caffeinated Capital, Quiet Capital, Plug, and Play Ventures, Pareto Holdings, MaRS Investment Accelerator Fund, Graphite Ventures, and CEAS Investments I, LLC.

Basetwo provides a no-code artificial intelligence platform that allows engineering teams to design, test and deploy process optimization strategies, run scenarios with digital twins using plant or lab data, validate process or equipment performance, and build and scale internal data science competency. The firm’s client base includes companies from biopharma, active ingredients, chemicals, bioprocessing, and food and beverage industries as well as multiple teams, such as manufacturing science and tech, engineering, and process development.

The company plans to use its proceeds from May 2022 funding to support the launch of its category-making Basetwo AI platform.

## Funding rounds

- Series A, Jan 23, 2025, $12M — Global Brain, AXA Venture Partners, Chiyoda Corporation, Glasswing Ventures, Deloitte Ventures, Shimadzu Corporation
- Seed, May 26, 2022, $3.8M — Plug and Play, Caffeinated Capital, MaRS Investment Accelerator Fund, Glasswing Ventures, Quiet Capital, CEAS Investments, Argon Ventures, Pareto Holdings, Graphite Ventures

## Investors

- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Caffeinated Capital (https://capitalatlas.ai/funds/caffeinated-capital) — Seed
- MaRS Investment Accelerator Fund (https://capitalatlas.ai/funds/mars-investment-accelerator-fund) — Seed
- Glasswing Ventures (https://capitalatlas.ai/funds/glasswing-ventures) — Seed, Series A
- Quiet Capital (https://capitalatlas.ai/funds/quiet-capital) — Seed
- CEAS Investments — Seed
- Argon Ventures (https://capitalatlas.ai/funds/argon-ventures) — Seed
- Pareto Holdings (https://capitalatlas.ai/funds/pareto-holdings) — Seed
- Graphite Ventures (https://capitalatlas.ai/funds/graphite-ventures) — Seed
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series A
- AXA Venture Partners (https://capitalatlas.ai/funds/axa-venture-partners) — Series A
- Chiyoda Corporation — Series A
- Deloitte Ventures (https://capitalatlas.ai/funds/deloitte-ventures) — Series A
- Shimadzu Corporation — Series A