Seeing the need for increased security
Although the infamous September 11 attack happened more than a decade ago, security continues to be a key concern for nations, businesses and people. Setting out to make the world a safer place, the home-grown start-up KAI Square pioneered a video analysis system that helps companies improve their efficiency in handling large amounts of video data, and even search for an object of interest, such as an unaccompanied bag. With the generated analytics, companies are able to better manage their fleet of vehicles and drivers, their surveillance setups, to improve detection rate, and at the same time, save costs.
 
Innovation globally recognised and going places
The two founders, Neo Shi Yong and Victor Goh, met during their days at the NUS School of Computing (SOC). The duo has come a long way since establishing KAI Square in 2006 and has grown to their team to 50 people, now located in Singapore, Taiwan and China. It has also bagged many prominent awards, testament of their growing market leadership in the security industry. More than that, KAI Square is gaining ground rapidly in the healthcare and tourism retail analytics and business intelligence sectors.
 
Shi Yong recalled, “When we set up the company, we received great advice and guidance from our lecturer, Prof Chua Tat Seng, as well as the folks at NUS Enterprise. Even now, KAI Square remains plugged into the NUS entrepreneurial environment, participating in various industry matchmaking initiatives and overseas business expeditions.”

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Technology Commercialisation



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Milestones

KAI Square was established, enabling innovations through integrating Knowledge and Artificial Intelligence (KAI), to enhance the security, management and operations for businesses as well as quality of life and safety for individuals.

2006

Winner of Star Challenge Award (A*STAR Asia Intelligent Media Search Competition) 

2008

Winner of IDM-MDA Awards Special Category at Start-Up@Singapore;


Won Best in ICT Innovation at the Singapore infocomm Technology Federation (SiTF) Awards; Winner of 3 Merlion Awards; Winner for Global Security Challenge (Asia)

2009

Won Emerging Enterprise Award; Winner of Red Herring Asia 100 Award 

2010

Winner of Singtel i.Challenge competition; Entered Deloitte’s Technology Fast 500 rankings  

2011

Raised about SGD $4 million in a Series B round led by Ingrasys, a wholly-owned subsidiary of electronics manufacturer Foxconn, as well as Innov8, the venture capital arm of Singapore’s largest telco SingTel.

2014