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Independent Singapore
35 minutes ago
- Independent Singapore
'Factories that THINK' — This woman-led AI startup solves factory failures before they even happen
A chips manufacturing workplace (for illustration purposes only) SINGAPORE: Singapore-based startup SixSense is changing semiconductor manufacturing with the help of artificial intelligence. It has recently secured US$8.5 million (S$11.4 million) to grow its vision worldwide. Founded by two women engineers, the company aims to create 'factories that think.' This mission pushes the future of intelligent automation in one of the world's most complex and high-stakes industries. Transforming semiconductor manufacturing with AI At the core of SixSense's mission is what it calls 'intelligent automation,' a data-driven approach to semiconductor production that improves efficiency, reduces errors, and increases control over intricate manufacturing processes. Its artificial intelligence (AI) platform is already helping major industry players like GlobalFoundries and JCET. It aids fabs across Singapore, Malaysia, Taiwan, and Israel in detecting problems earlier and boosting output. 'Think of it as a factory that can see, understand, and act in real-time,' said co-founder and CTO Avni Agarwal. 'We're expanding into the U.S. now, where demand for smarter semiconductor manufacturing is growing quickly.' Women engineers at the helm SixSense stands out not only for its innovative technology but also for its leadership. The company was co-founded in 2018 by CEO Akanksha Jagwani and CTO Avni Agarwal. Both bring significant engineering expertise. Jagwani, who has a background in mechanical engineering, leads business strategy and partnerships. Agarwal, an expert in computer engineering, directs the technical vision. Their success comes amid a noticeable funding gap in the VC world. In 2024, startups with only female founders received just 2% of total VC deal value in the U.S., according to Pitchbook. SixSense's achievements showcase what's possible as that gap begins to close. Backed by global investors and gaining momentum The company's latest funding round, led by Peak XV's Surge seed platform and joined by Alpha Intelligence Capital, FEBE Ventures, and others, brings SixSense's total funding to US$12 million. With these newly obtained resources, worldwide growth will be sustained, and its AI-driven platform for semiconductor engineering will be further developed. See also Workers' Party to hold AI workshop for kids at Hougang Capeview As increasing demand continues, SixSense is well-positioned within the chip manufacturing industry. It will have the capacity and the capability to aid manufacturers in sustaining their engineering endeavours, and with trailblazing technology, innovative leaders, and growing investor confidence, SixSense is set to redefine how chips are made all over the world. () => { const trigger = if ('IntersectionObserver' in window && trigger) { const observer = new IntersectionObserver((entries, observer) => { => { if ( { lazyLoader(); // You should define lazyLoader() elsewhere or inline here // Run once } }); }, { rootMargin: '800px', threshold: 0.1 }); } else { // Fallback setTimeout(lazyLoader, 3000); } });
Business Times
an hour ago
- Business Times
White House readies order to fine banks for dropping clients over politics: WSJ
[WASHINGTON] The White House is drafting an executive order that would impose penalties on banks for dropping customers for political reasons, the Wall Street Journal reported on Monday (Aug 4). Citing a draft of the order, the Journal said regulators would be instructed to investigate whether any financial institutions breach the Equal Credit Opportunity Act, antitrust laws or consumer financial protection laws. The order, which could be signed as early as this week, would authorise monetary penalties, consent decrees or other disciplinary measures against violators, the Journal reported. It also calls on regulators to strike policies they have that might have contributed to banks dropping certain customers and requires the Small Business Administration to review the practices of banks that guarantee the agency's loans, according to the report. The White House declined to comment on the report when contacted by Reuters. US President Donald Trump in January said the CEOs of JPMorgan Chase and Bank of America did not provide banking services to conservatives. The two banks denied making banking decisions based on politics. The criticism of Wall Street banks followed accusations from congressional Republicans and Republican-led states, who claimed the institutions were engaging in 'woke capitalism' and unfairly cutting ties with gun manufacturers, fossil fuel companies, and other businesses perceived to be aligned with the political right. The Trump administration is pursuing a broad reform agenda aimed at modifying rules governing financial institutions, including capital requirements, arguing that such action will boost economic growth and unleash innovation. REUTERS
CNA
an hour ago
- CNA
Deep Dive Podcast - Have rising commercial rents reached a tipping point?
Amid rising rents and growing competition, some Singapore businesses are closing down or relocating to cheaper premises. A local bakery in Siglap recently announced on social media it was moving out after its rent was increased by 57 per cent. Are commercial rent hikes spiralling out of control, or is this simply market forces at work? Steven Chia and Otelli Edwards speak to Ethan Hsu, head of retail at Knight Frank Singapore, and Terence Yow, managing director of Enviably Me Group of Companies and chairperson of the SG Tenants United for Fairness.
