# Latize Pte.

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

- Industry: Software
- Headquarters: Singapore, Singapore
- Website: www.latize.com
- Total disclosed funding: $2.5M
- Latest round: Series A (Sep 19, 2016)
- Investors on record: 5

## About

Latize Pte. Ltd. is a Singapore-based company that provides advanced data analytics solutions through its flagship product, Ulysses, aimed at enhancing decision-making processes across various industries.Latize, founded in 2009 by Vikram Mengi, operates from Singapore. The company focuses on developing data analytics tools, specifically the Ulysses platform, which integrates AI and semantic technology. Following a Series A funding round in November 2019 where they raised USD 1.02 mn, the company has completed a total of 3 deals, with a current valuation of USD 9.29 mn.Latize primarily offers its flagship product, Ulysses, an 'Agile Decision Engine' designed to enhance organizational decision-making by facilitating data access, exploration, analysis, and execution of decisions. The platform integrates artificial intelligence and semantic technology, enabling users to process relevant data transparently and responsively to regulatory changes. Ulysses targets various industries, including financial services, specifically addressing the complex challenges of credit risk assessment and trade-based money laundering through its tailored solutions like Smart Credit Risk Assessment (SCRA) and Augmented Trade Risk Management (ATRiM). These products serve a diverse clientele that includes commercial banks, Fortune 500 consumer packaged goods companies, and InfoComm enterprises, with a focus on markets in the United States, Singapore, and other regions facing stringent regulatory compliance needs. By automating traditionally labor-intensive processes, Latize aims to significantly improve operational efficiency and provide actionable insights to its end users.Latize generates revenue through a subscription-based model for its products and services, with clients entering into agreements to utilize Ulysses and its associated features. The company structures its transactions primarily in a B2B format, partnering with financial institutions that require advanced tools for risk management and compliance. In 2024, Latize reported a revenue of USD 339,476.60 with an EBITDA of USD -77,931.60. As part of its offerings, Ulysses provides a comprehensive suite of solutions, including Smart Credit Risk Assessment, which streamlines the credit grading process, and Augmented Trade Risk Management, focusing on regulatory compliance related to money laundering. These flagship products facilitate a more efficient data analysis process, leading to better-informed decision-making for clients. The pricing plans for these offerings are tailored to the specific needs of each client, reflecting the complexity and scale of the services rendered, ensuring that organizations have access to the tools necessary for effective risk assessment and management.Latize plans to leverage its recent Series A funding of USD 1.02 mn raised in November 2019 to enhance and expand its product offerings, including new features and updates to Ulysses. The company is also targeting expansion into new markets, specifically aiming to establish a stronger presence in the European and Asian markets by 2025. This strategic move is intended to capitalize on the growing demand for advanced data analytics solutions designed to meet regulatory compliance across various sectors.

## Funding rounds

- Series A, Sep 19, 2016, $1.5M — Tembusu Partners, August One, Spring Seeds Capital, Niatross Investments, SEEDS Capital
- Seed, Nov 20, 2015, $1M — August One, Spring Seeds Capital, Niatross Investments, SEEDS Capital

## Investors

- August One (https://capitalatlas.ai/funds/august-one) — Seed, Series A
- Spring Seeds Capital — Seed, Series A
- Niatross Investments — Seed, Series A
- SEEDS Capital (https://capitalatlas.ai/funds/seeds-capital) — Seed, Series A
- Tembusu Partners (https://capitalatlas.ai/funds/tembusu-partners) — Series A