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Japan will provide more public subsidies to Kioxia and Western Digital for NAND memory chip manufacturing

TechSpot

Japan's industry minister, Ken Saito, recently announced a substantial increase in public funding to support Kioxia and Western Digital's chip business. These two major memory manufacturing companies are planning to boost chip production in Mie and Iwate prefectures, anticipating significant growth in the memory business.

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SoftBank-backed Korean edtech startup Riiid acquires Langoo, expands in Japan  

TechCrunch

Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. million users downloaded the Riiid Tutor app in South Korea and Japan.

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Korean micromobility startup Swing grabs $24M for growth, expands to Japan 

TechCrunch

Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others.

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UTEC, one of Asia’s largest deep-tech investment firms, launches new $275M fund

TechCrunch

The University of Tokyo Edge Capital Partners (UTEC) , a deep-tech investment firm, announced the first close of its fifth fund, which is expected to total 30 billion JPY (or about $275 million USD) by June 2021. UTEC is an independent firm that works closely with universities. What do we mean when we talk about deep tech?

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Profet AI helps manufacturers build prediction models and industrial AI software

TechCrunch

million in Series A funding. The funding will be used on Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures with overseas partners. The funding will be used on Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures with overseas partners.

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Japan’s B2B ordering and supply platform CADDi raises $73 million Series B funding

TechCrunch

With COVID-19 disrupting the entire manufacturing supply chain including semiconductor shortages, companies across multiple industries have been struggling to seek a procurement solution that can rebalance the gap between supply and demand. The new funding brings CADDi’s total raised so far to $90.5

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Akros Technologies, an AI-powered asset management platform, raises funding from Z Holdings

TechCrunch

Artificial intelligence is taking over almost every industry. The investment and finance industry is no exception. Akros Technologies wants to disrupt the current asset management industry via its AI-driven asset management software platform that mines market data for stocks. Akros just raised $2.3 In March, Akros raised $3.75

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