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# Singapore's SaaS startup Polymerize raises $4.2 million
- URL: https://www.techloy.com/singapores-saas-startup-polymerize-raises-4-2-million/
- Published: 2022-05-24T16:18:21.000Z
- Updated: 2022-12-08T00:50:23.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Artificial Intelligence, Tech in Singapore

[Polymerize,](https://polymerize.io/) a software-as-a-service (SaaS) startup based in Singapore has raised $4.2 million in its new funding round led by Elevation Capital. 

- The funds will be used to increase its talent hiring and expand its services in India, Japan, and the US, it claims.
- The SaaS platform plans to focus its services on automotive, adhesives paints and coatings, specialty chemicals, and packaging.
- Founded in 2020, Polymerize is an AI-driven SaaS firm that offers development formulation and data management services to research and development (R&D) teams in companies.
- It integrates present and past experimental data, cross-geography inputs and design new experiments to generate AI-based recommendations for new formulations.