Aprisium, a pioneer in advanced contaminant detection and monitoring solutions, announced the successful completion of its oversubscribed US$7 million Series A funding round today. The round was led by Deep-Tech Venture Partners and Cocoon Capital, with significant participation from Woh Hup and Solisa Peppercorn.
Contaminant detection in liquids, solids, and semi-solids remains a global challenge. Traditional laboratory testing methods, which take 5-15 days to deliver results, lead to operational delays, hinder timely decision-making, and increase risk exposure. These inefficiencies result in substantial costs for industries, impacting healthcare, productivity, and the environment. Regulatory bodies are imposing stringent penalties on companies responsible for contaminant releases, with fines reaching tens of thousands of dollars daily. In the United States alone, the projected cost to tackle PFAS contamination is estimated to exceed USD 11 billion in the coming years.
Founded by serial entrepreneurs Raghav Narayan and Dr. Lars-Henrik Skjolding in 2022 as a spinoff from the Agency for Science, Technology and Research (A*STAR), Aprisium offers a suite of innovative solutions with on-site, real-time testing capabilities. These solutions enable continuous and accurate detection of a wide range of contaminants, including heavy metals, inorganic compounds, and organic chemicals like PFAS. Aprisium’s technology can rapidly profile virtually any novel contaminant in the target medium, including fuels and engineered fluids.
Global Deployment and Impact
Aprisium has deployed its analyzers in Singapore, the Philippines, and Australia, enhancing contaminant detection capabilities in these regions. By providing real-time data and AI-driven analytics, Aprisium empowers companies to prevent environmental hazards, optimize treatment levels, and ensure compliance. Clients have reported a 40% reduction in decision-making time and up to 30% savings in operational costs related to contaminant management and compliance.
With contracts signed with global companies across various industries, including water utilities, water treatment companies, data centres, cooling towers, mining, and shipping, Aprisium is set to further its expansion into Europe, the United States, and Southeast Asia. The Series A funds will be used to accelerate this growth.
The global environmental monitoring market, which includes water, air, and soil monitoring, is projected to reach US$25 billion by 2025. The industrial water treatment market alone is expected to surpass US$18 billion by 2027. With its cutting-edge technology, Aprisium is well-positioned to capture significant market share in these growing industries.
“We are thrilled by the overwhelming support from esteemed investors, which underscores the transformative impact of our deep-tech solutions in contaminant monitoring. This funding will accelerate our growth, expand our reach, and enhance our ability to deliver unparalleled solutions across Asia, Europe, and the US. With our innovative technology, we are driving a new era of sustainability, enabling our customers to achieve unprecedented levels of efficiency and profitability. Together with our dedicated team, we are not just imagining a better future; we are creating it,” said Raghav Narayan, CEO and Co-founder of Aprisium.
Nicolas Tabardel from Deep-Tech Venture Partners commented, “We are thrilled to support the next phase of Aprisium’s growth. Aprisium’s journey began with the world-class research from A*STAR, and the Singapore Deep-Tech Alliance effectively bridged this innovation with commercial expertise. The early backing from Cocoon Capital was instrumental in achieving product-market fit. With this Series A funding, Aprisium is poised to expand globally and lead the market in real-time contaminant detection, driving significant environmental benefits for industries worldwide.”
Carol Cheung from Cocoon Capital added, “Aprisium has achieved stellar performance at a remarkable pace since Cocoon Capital’s seed investment. The products and technologies developed by Aprisium will have positive real-world impact and will also enable many critical verticals globally. Aprisium’s products will be extremely beneficial for global high tech industries such as data centres and HPC, and will improve sustainability in more traditional industries such as mining and shipping. Aprisium’s offerings will help to unlock the future of responsible energy consumption across the globe, and I am tremendously excited to help them achieve these goals.”
