Zero-Error Systems Pte. Ltd.

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Zero-Error Systems Pte. Ltd. - overview

Established

2019

Location

Singapore, -, Singapore

Primary Industry

Semiconductors

About

Based in Singapore, Zero-Error Systems Pte Ltd specializes in advanced software solutions that enhance operational efficiency and data accuracy for businesses across various sectors. Founded in 2019, Zero-Error Systems Pte Ltd develops innovative software tools aimed at reducing human error in data handling. The company has completed 4 deals, with its most recent funding round, a Series A, securing USD 7. 5 mn on June 12, 2023.


This round saw participation from investors such as Airbus Ventures, Dart Family Office, Delta Electronics, Inc, NTUitive, SEEDS Capital, and Silicon Solution Partners. The company was co-founded by Arun Mittal, Ching Siong, Joseph Chang, Tang San, and Wei Shu, who bring diverse expertise to its operations. Zero-Error Systems specializes in advanced software solutions designed to streamline operational efficiency and enhance data accuracy for businesses across various industries. Their core offerings include a suite of data management tools that utilize machine learning algorithms to minimize human error in data entry and processing.


These products serve various end users, including finance departments, healthcare providers, and manufacturing firms, who require precision and reliability in handling large volumes of data. The technology optimizes data handling and integrates seamlessly with existing client systems, addressing the critical need for error reduction in business processes. In 2022, Zero-Error Systems reported a revenue of USD 356,685. 40 and an EBITDA of USD -1,072,558.


10. The company generates revenue through a subscription-based model, allowing clients to access their software solutions via tiered pricing plans. Business-to-business transactions are foundational to their revenue generation, with partnerships established with industry leaders to enhance product visibility and market penetration. With the USD 7.


5 mn raised in the Series A funding round, Zero-Error Systems plans to enhance its research and development efforts, support its global expansion activities, and capitalize on market growth. Their strategy includes the design and launch of new products aimed at further minimizing operational errors. The company seeks to expand its market presence in North America, Europe, and parts of Asia by leveraging strategic partnerships and likely aims to introduce new offerings within the next year.


Current Investors

Airbus Ventures, Silicon Solution Partners, SEEDS Capital

Primary Industry

Semiconductors

Sub Industries

Integrated Circuits, Semiconductor Equipment & Testing

Website

www.zero-errorsystems.com

Verticals

Manufacturing

Company Stage

Series A

Total Amount Raised

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