Asseti, an AI-enabled infrastructure information analytics platform that’s reworking how business property is monitored and managed, was named Scaleup of The 12 months on the Startup Day by day Finest in Tech Awards 2025.
The Sydney-based proptech platform took out one of many high awards of the evening for its progressive answer for optimising constructing and facility administration.
The Scaleup of The 12 months award, sponsored by AWS Startups, recognises an all-round excellent unlisted scaleup firm that has demonstrated sturdy development on a variety of metrics, together with income, prospects and employment, in addition to management in its market.
Judges selected Asseti from a stacked class together with software program supply platform Buildkite, encryption platform Everlast Networks and autonomous drone and visible mapping leaders Emesent.
Based by Aonghus Stevens, who first started promoting drones on the age of 15, Asseti makes use of enterprise-grade drones to seize and create high-resolution 2D and 3D digital replicas of business belongings and infrastructure for its shoppers to view from afar.
The platform’s AI engine analyses huge quantities of visible information, together with satellite tv for pc, drone and CCTV, to ship actionable insights to shoppers.
For firms that handle 1000’s of belongings (together with warehouses, crops, distribution centres and different industrial websites), this can be a game-changer with measurable affect.
The info will help them overcome expensive, reactive upkeep and lengthen the lifetime of a constructing, forestall public security hazards and optimise the uptime of worldwide information centres. It additionally reduces environmental waste from avoidable repairs and rebuilds.
In Might 2024, Asseti closed a $2.5 million seed spherical led by Tidal Ventures.
The corporate has been rising at 500% year-on-year for the reason that increase, additionally successful over a number of Fortune 500 prospects, beating well-funded opponents to the offers with no US workforce on the bottom.
Keiran O’Neill, principal at Tidal, accepted the Scaleup of The 12 months award on Stevens’ behalf.
“There’s been a lot of hard work, particularly over the last 18 months since we’ve really started to scale out the team and the product,” O’Neill advised Startup Day by day on the evening.
“And as a result, we just had really tremendous growth. I know Aonghus and the team who work on this day in and day out put a lot of effort into this. So to get some of this recognition is just great.”
Asseti has already gained world contracts as they present enterprise prospects how they will scale back threat and save tens of millions in operational prices.
“We’ve had some actually sturdy brand development [which measures customer retention], and a few actually spectacular logos and a number of these within the US, which for an Australian enterprise is actually fairly powerful.
“And we’ve executed all that from Australia… the results of that has been some wonderful topline development.
“It’s a great business model. It’s really efficient and there’s a really strong pathway to scale. So we’re super excited.”
Whereas Stevens couldn’t be there to bask within the glory, O’Neill shares what he believes is the key to Stevens’ success.
“I do speak to Aonghus a lot and I think the advice I would say he has taken on probably the most is that it really does come back to the customer,” he says.
“Listen to the customer and build what the customer needs, and not what you think they need.”
Going into the subsequent 12 months, Asseti is getting ready for his or her Sequence A increase and continued development within the US market as they win contracts towards well-funded opponents.
“We’ve managed to get cut-through with these customers through Australia,” O’Neill says. “Some of that’s luck, some of that’s just relentless follow-ups. But once we do get to the table, we are winning and that’s mainly down to the product.”
The Startup Day by day Finest in Tech Awards handed out 14 awards to founders, traders and trade champions at at gala occasion on the ivy Ballroom on September 25.
See the complete winners’ checklist right here.
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