Toronto, June 11 — Basetwo is proud to announce its recognition as one of Bain Capital Ventures' 2024 Top 50 Vertical SaaS companies. This accolade highlights Basetwo's commitment to revolutionizing the manufacturing industry through advanced AI technologies, aimed at enhancing efficiency, reducing cycle times, and minimizing carbon footprints.
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Bain Capital Ventures' annual Vertical SaaS 50 list celebrates 50 promising vertical SaaS companies in North America. Selected based on submissions and discussions with industry experts, these companies were evaluated on criteria including funding stage (pre-seed through Series A), geographic location, funding history (under $25M raised), and market momentum.

Bain’s 2024 list features companies operating in large markets with strong growth potential. The list includes solutions for industries that are highly fragmented and document-intensive, such as architecture, engineering, construction, logistics, legal, and financial services. A notable trend this year is the increased emphasis on AI, particularly the use of advanced AI models to standardize processes in industries reliant on unstructured data.

"We are thrilled to be included among the prestigious list of Top 50 Vertical SaaS companies by Bain Capital Ventures," said Thouheed Abdul Gaffoor, CEO at Basetwo. "This recognition underscores our dedication to empowering engineers and manufacturers with cutting-edge AI solutions that pave the way for a sustainable and efficient future."

Basetwo stands out in the competitive landscape for its innovative approach to leveraging AI for future-proofing manufacturing operations. By partnering with leading organizations such as Hub71, Aerospace Xelerated, Glasswing Ventures, Plug and Play Tech Center, and Argon Ventures, Basetwo has further strengthened its position as a pioneer in the industry.