AI based Workforce Optimization Startup FriarTuck Raises S$5 Million Series A Financing from Philips and SEEDS Capital
FriarTuck, a Singapore-based developer of enterprise software, has raised US$3.63 million in series A funding from Philips, the Dutch tech giant, and Seeds Capital, the investment arm of government agency Enterprise Singapore. FriarTuck is co-founded by Computer Engineering graduate Alan Sevugan and National University of Singapore Associate Professor Martin Henz. The startup develops artificial intelligence-driven tech solutions to make operations more efficient. Its WorkforceOptimizer platform runs the gamut of functions, from budgeting and payroll to managing employee shifts and supply chains.
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