Physical AI for better-informed operations
Tipsoi brings together connected hardware, software and AI with a clear focus: helping organisations understand and manage what happens across their physical operations.
Developed by Inovace Technologies, our direction centres on the decisions that matter to security leaders, infrastructure operators and construction contractors—how to strengthen oversight, manage operational costs and improve productivity across sites.
Engineering roots. International ambition.
Tipsoi grew from Inovace Technologies, a company founded in Bangladesh in 2017 by six graduates of Bangladesh University of Engineering and Technology.
Our foundations are in engineering: connecting physical devices with software to address practical operational problems. That background continues to shape how we think about technology and its purpose.
A construction project, a critical facility and a distributed operation each have different demands. The environment, the people responsible and the decisions they need to make should shape the solution.
As Tipsoi develops its international focus, we remain committed to that practical starting point.
Three areas where clearer understanding supports better decisions.
We focus on three areas where a clearer understanding of physical operations can support better decisions.
Security and Access Compliance for Critical Infrastructures
Airports, banks and data centres operate in environments where access oversight carries significant responsibility.
Our focus is on the needs of security and infrastructure leaders: understanding access requirements, strengthening operational visibility and supporting accountable security practices.
Cost & Productivity Control AI for Distributed Workforce
Managing operations across multiple locations creates distance between the work taking place and the people responsible for its performance.
We focus on the operational challenges of large, distributed, remote and mobile workforces—bringing cost, oversight and productivity into the same conversation.
Workforce Cost, Productivity, and Compliance Physical AI for Construction Contractors
Construction leaders make decisions across changing sites, project schedules and contractor teams.
Our focus is on the relationship between site activity, workforce costs, productivity and compliance requirements. We approach these challenges from the perspective of the contractor and the people accountable for project delivery.
An international focus shaped by local needs.
Our international priorities span the United Arab Emirates, Singapore, Malaysia and Turkey.
United Arab Emirates
Construction contractor operations, particularly workforce cost, productivity and compliance.
Singapore
Construction contractor operations, particularly workforce cost, productivity and compliance.
Malaysia
Our focus extends across critical infrastructure, distributed operations and construction.
Turkey
Security and access compliance for critical infrastructure.
Each market has its own operating conditions and expectations. We believe those differences should shape the conversation from the beginning—from the operational problem being addressed to the evidence needed to evaluate a proposed solution.
Four principles behind every conversation.
Start with the operational problem
Technology should have a clear purpose. We begin with the decisions an organisation needs to make and the practical challenges surrounding them.
Connect the physical and digital
Our engineering perspective brings hardware and software into the same discussion. The value lies in how they work together within an organisation’s operating environment.
Keep complexity manageable
A solution should make sense to the people using it and those responsible for its performance. Clarity and ease of adoption are central to the experience we aim to create.
Build confidence through evidence
Specific requirements deserve specific answers. Product capabilities, integration needs and expected outcomes should be discussed in the context of the proposed deployment.
Built on the engineering of Inovace Technologies.
Inovace Technologies LTD provides the engineering foundation behind Tipsoi, bringing experience across connected devices, software and IoT systems.
Tipsoi carries that foundation into a focused ambition: making Physical AI useful to the organisations responsible for critical facilities, distributed operations and construction projects.
Our long-term direction is to help operational leaders make more informed decisions about the physical environments they manage.
The people leading Tipsoi.
Asif Aminur Rashid
Asif Aminur Rashid is the Managing Director of Inovace Technologies, the company behind Tipsoi, and a co-founder of Tipsoi. With a background in software engineering, he brings technical experience to the company’s leadership and international growth ambitions. His journey spans software development and technology entrepreneurship, connecting Tipsoi’s engineering foundations with its vision for Physical AI in everyday business operations.
Md. Munirul Alam
Md. Munirul Alam is the Chief Executive Officer of Inovace Technologies and a member of Tipsoi’s founding team. A Bangladesh University of Engineering and Technology alumnus, he has helped build a business focused on connected devices, software, and IoT solutions. His experience combines technology entrepreneurship with company leadership, supporting Tipsoi’s evolution toward Physical AI for better-informed operational decisions.
Let’s talk about your operations.
Tell us about your sites, your priorities and the challenges your team needs to address. We can start with your operational requirements and discuss where Tipsoi may fit.
About Us
At Tipsoi, we believe that efficiency and innovation go hand in hand. As a leading provider of biometric workforce management solutions, we offer cutting-edge technology to help businesses streamline their operations, improve productivity, and ensure seamless attendance management. Inovace Technologies, the parent company of Tipsoi, is a trailblazer in IoT and biometric solutions committed to delivering advanced technology solutions that make a difference.
Founded with the goal of transforming workforce management through smart, reliable, and secure solutions, Tipsoi brings a unique blend of expertise in IoT, biometrics, and cloud computing. Our flagship products, including facial recognition, fingerprint, and RFID-based attendance systems, have already helped hundreds of organizations optimize their processes and boost employee engagement.
Core Values
Crafting Tomorrow's Solutions Today: Where Innovation Meets Impact at Inovace
Inovace was born with the pursuit of solving high-impact problems around us, ensuring unparalleled quality in our products and services, and further accentuated by overwhelmingly good customer support. These values infuse every product we create and every client we serve. We’re not just in the business of work; we’re in the business of making a meaningful impact, elevating everyday lives and operations through innovative IoT and AI solutions.
Our team is unified by the belief that work should not just be work, but a genuine endeavor to solve problems and enrich people’s lives. This drive creates an inherent culture which nurtures curiosity, innovation, learning, integrity, empathy, collaboration, and a problem-solving mindset, making Inovace not just a workplace but a breeding ground for innovative, fun, and humble individuals with exceptional potential for growth.
Vision Statement
Bridging Borders, Building Excellence: Inovace's Global Vision for Impactful Change
Inovace aims to become a key player in operational excellence and actionable insights in international markets. Over the next 5 to 10 years, we aim to be a self-sustaining enterprise with a diverse, talented team and a low-churn, loyal customer base, operating in key markets around the world including North America, Europe, and Asia. Success for us is a strong global presence with regional hubs in major cities and a highly loyal customer base.
Our ultimate goal is to be a catalyst for transformative change, not just in our current sectors but in new fields such as energy, agriculture, and health. In all our endeavors, our core values will continue to guide us, as we strive for impactful solutions that resonate with real-world challenges.
Mission statement
Empowering Industries: Inovace's Mission for IoT and AI Solutions
Inovace’s mission is to deliver cutting-edge IoT and AI solutions that address pressing challenges in operational efficiency, safety, and sustainability across a range of industries. Our customers span most industries, and we serve them by providing unparalleled quality, actionable insights, and unmatched customer support.
Leveraging a robust suite of proprietary technologies, we introduce a new level of intelligence and adaptability to industry-specific issues. Our plan for financial sustainability focuses on achieving a strong product-market fit, scaling our most successful solutions, and maintaining an exceptionally low customer churn rate through outstanding service.
Above all, we are committed to making a meaningful impact on both a regional and global scale, guided by core values that emphasize problem-solving, innovation, and a deep-rooted sense of responsibility to our clients and community.
Tipsoi Culture
we believe work should be more than just a routine—it’s where passion meets purpose and innovation thrives. We’ve built a diverse, inclusive team that feels like family, where everyone’s voice matters and contributions are recognized. From celebrating cultural festivals in vibrant traditional attire to team outings in matching Hawaiian shirts, from birthday surprises to employee recognition programs—we blend professionalism with genuine fun. Our collaborative culture encourages curiosity, experimentation, and continuous growth, while promoting healthy work-life balance. Whether you’re an engineer, designer, or support hero, at Tipsoi you’re not just an employee—you’re a stakeholder in our journey to transform workforce management globally. We’re building something meaningful, and we’re doing it together.
Day in the Life of Tipsoi
We’re a passionate, curious, and collaborative bunch. From product thinkers and software engineers to support heroes and growth architects — meet the people redefining how organizations work.
Frequently Asked Questions
Who is Tipsoi?
Tipsoi is an innovative IoT-backed workforce management solution founded by Inovace Technologies Ltd. We specialize in advanced biometric attendance systems, combining cutting-edge facial recognition, fingerprint scanning, and RFID technology with comprehensive cloud-based HR management software to transform how organizations manage their workforce globally.
When was Tipsoi founded?
Inovace Technologies Ltd., the parent company of Tipsoi, was founded in 2017 with the goal of solving high-impact operational challenges through innovative IoT and biometric solutions.
What is Tipsoi's origin story?
Inovace was born with the pursuit of solving real-world problems around us. We recognized that traditional attendance and workforce management systems were inefficient, time-consuming, and often unreliable—especially in challenging environments. This drove us to create Tipsoi, a smart, reliable, and secure solution that brings together IoT, biometrics, and cloud computing to revolutionize workforce management.
What is Tipsoi's mission?
Our mission is to optimize workforce management globally by providing reliable, scalable, and intelligent solutions that enhance operational efficiency, improve security, and streamline HR processes for organizations of all sizes—from startups to large enterprises.
What is Tipsoi's vision for the future?
Over the next 5 to 10 years, Tipsoi aims to become a key player in operational excellence and actionable workforce insights, both regionally and internationally. We envision becoming a self-sustaining enterprise with regional hubs in major cities across North America, Europe, and Asia, serving a diverse and loyal customer base worldwide.
Does Tipsoi have global partnerships?
We’re continuously building strategic partnerships and collaborations worldwide. Our selection by Accelerating Asia, a Singapore-based venture capital fund, demonstrates our commitment to building a global network and presence.
Does Tipsoi have global partnerships?
We’re continuously building strategic partnerships and collaborations worldwide. Our selection by Accelerating Asia, a Singapore-based venture capital fund, demonstrates our commitment to building a global network and presence.
What are Tipsoi's core values?
Our core values emphasize:
- Problem-solving: Tackling real challenges with innovative solutions
- Innovation: Continuously pushing boundaries in IoT and biometric technology
- Quality: Ensuring unparalleled excellence in products and services
- Customer Support: Providing overwhelmingly good support experiences
- Responsibility: Deep-rooted commitment to our clients and community
- Integrity: Maintaining transparency and ethical practices in everything we do
What kind of people work at Tipsoi?
We’re a passionate, curious, and collaborative team. From product thinkers and software engineers to support heroes and growth architects—our people are redefining how organizations work. Our team is unified by the belief that meaningful work creates real impact.
How many organizations use Tipsoi?
Tipsoi currently serves over 1,200 organizations, helping businesses across diverse industries streamline their attendance, shift, and leave management with real-time analytics and actionable insights.
What industries does Tipsoi serve?
Our solutions have been successfully implemented across multiple sectors including:
- Banking & Financial Services (e.g., BRAC Bank with 163+ units)
- NGOs & Humanitarian Organizations (e.g., Action Against Hunger in Rohingya camps)
- Manufacturing & Logistics (e.g., Meghna Group marine fleet)
- Healthcare, Education, Retail, Construction, Hospitality, and many more
What are some notable client success stories?
- BRAC Bank: One of Bangladesh’s most prominent financial organizations with 15,000+ employees uses 163 Tipsoi units across different locations, with 300 more planned for installation, all monitored centrally from a single web panel.
- Meghna Group: Implemented Tipsoi on their inland marine vessel fleet, overcoming challenges of mobility, data connectivity, and power concerns for raw material transportation operations.
- Action Against Hunger (ACF): Deployed Tipsoi across 38 Rohingya camps in Cox’s Bazar, Bangladesh, managing attendance for around 1,000 volunteers despite frequent power failures and infrastructure challenges.
Is Tipsoi expanding internationally?
Absolutely! While we’re proud of our roots and success in Bangladesh, we’re actively expanding globally. We aim to establish operations in key international markets including North America, Europe, and Asia over the next 5 to 10 years.
Why should international organizations choose Tipsoi?
Tipsoi offers world-class biometric workforce management technology at competitive pricing, backed by exceptional customer support. Our solutions have been battle-tested in some of the world’s most challenging environments—from marine vessels to humanitarian camps—proving their reliability, scalability, and versatility.
Frequently Asked Questions
Tipsoi is a Physical AI platform developed by Inovace Technologies. It brings together connected hardware, software, and AI to help organisations understand and manage physical operations, with a focus on security, operational costs, productivity, and compliance.
Inovace Technologies is the company behind Tipsoi. It provides the engineering foundation and team responsible for developing Tipsoi, drawing on experience in connected devices, software, and IoT solutions.
Tipsoi focuses on three areas: security and access compliance for critical infrastructure; cost and productivity control for distributed workforces; and workforce cost, productivity, and compliance for construction contractors. These priorities address the needs of infrastructure operators, operations leaders, and construction teams managing people across physical locations.
Physical AI connects information from the physical world with software and AI to support operational decisions. For Tipsoi, this means bringing information about people, sites, and access into clearer operational context, helping organisations understand what is happening and where attention is needed.
Contact our team to discuss your sites, operational challenges, and business priorities. Sharing details about your existing systems and requirements helps us assess the fit and discuss a relevant demonstration or next steps.