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Japan'sindustry 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.
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.
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.
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?
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.
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
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
The latest round, which brings its total funding raised to $83 million, comes approximately a year after raising $14.4 The funds will also be used to acquire companies in those regions, said Seki, who did not disclose the company’s valuation. The company also could raise another funding before its IPO, Seki added.
While this is not a huge extension round, it’s still worth an extra look because it shows how these new strategic investors in the financial services industry are placing early bets on quantum computing and Classiq’s ability to make building quantum software easier. If I had to name two, it would be Japan and Germany.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. and Europe and helps protect the reputation of the fintech industry.
Organizations across many industries believe their employees are more productive and efficient with AI tools such as chatbots and coding assistants at their side. Other standout AI apps focuse on specific industries. The company closed two funding rounds in 2024: $200 million in February and $260 million in September at a $4.6
The South Korea and Japan-based startup automates front and backend processes including accommodation reservation, room management and front desk duties, and it will be using the funds to continue expanding its business. It entered Japan in 2017, for example, by acquiring several Japanese hospitality management companies.
All of this money is aiming to capture a portion of the market for autonomous, electrified vehicles that the consulting firm McKinsey estimated would save the trucking industry over $100 billion. The benefits that would accrue to the industry are more than just financial. trucking market alone. Worldwide, businesses spend about $1.2
Olympus has announced plans to get out of the camera business entirely, selling off its imaging division to an investment fund. JapanIndustrial Partners, the company that bought the VAIO computer business from Sony, has signed a memorandum of understanding that will see Olympus spin out the division and transfer all of its shares.
NGK Spark Plug , one of the world’s largest manufacturers of automative spark plugs, announced a new $100 million fund to invest in startups and find potential merger and acquisition deals. In recent years, the Nagoya, Japan-headquartered company has begun focusing on new technologies , like solid-state electric vehicle batteries.
In this case, Barnabas Birmacher, CEO of Platform as a Service company Bitrise, shared the lessons he learned as his team attempted to enter Japan. Instead of relying solely on strategic partners, his team visited Japan before ramping up to host events and engage directly with early adopters.
BeeHero has been growing fast since its debut and seed round last year, and $19M in new funding means it can scale beyond its initial markets and find more uses for its one-of-a-kind collection of data collected from thousands of active honeybee hives. This is not an effective way to strategize your pollination.
Secai Marche , a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. Spiral Ventures Asia Fund I and Beyond Next Ventures. This brings the startup’s total raised so far to $4.5
When Masaya Aso worked on autonomous driving technology at Bosch in Japan and Germany, he realized that “many tasks were still manual as over 85% of warehouses have almost no automation at all.” billion JPY) of Series A funding that values the company at approximately $38.8 with a fresh injection of about $10.7 million (1.45
This round comes after a previously unannounced $5 million seed round which closed earlier this year, bringing the company’s total funding up to $17 million. Anomaly will use the funds to grow the team (the company currently has 12 employees), and scale up their business by partnering with more insurance companies and healthcare systems. .
TSMC plans to build a second chip factory in Japan, thanks in part to the countrys government considering providing it with a subsidy of up to RMB 44.1 On October 4, during the recent Increase Domestic Investment Cooperation Forum, Japans Prime Minister Fumio Kishida published a new round of economic stimulus plans. billion ($6.04
Nreal , the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday that it has raised $15 million from Korean sunglasses brand Gentle Monster ’s parent company, IICOMBINED. .” Japan, South Korea, Spain, and Germany. It only debuted in China, where it’s based, in August.
In Japan, where the real estate market is fragmented, homeowners have faced uncertain selling prices riddled with brokerage fees and an average selling period of between four and eight months, Ito said. When purchasing an existing house in Japan, brokerage fees usually amount to about 3% of the property price, Ito added. . and the U.K.,
According to eMarketer , Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. The company plans to raise its Series A funding in June after completing acquisitions in the first half of this year, Lee noted. . Image Credits: eMarketer (screenshot). It’s only a matter of time.
Launched in 2018, SODA runs SNKRDUNK , one of Japan’s largest sneaker reselling platforms with about 2.5 Along with its new funding, SODA announced it has acquired rival Monokabu. SODA said that the deal means its share of Japan’s sneaker resale industry is now 80%, making it the market leader by far.
While working as a software engineer in Japan, Singapore and San Francisco for the past 10 years, Ryo Chikazawa , CEO and co-founder of Autify , came to realize that there’s one common problem in the software development industry; software testing takes excessive time. The latest funding brings Autify’s total raised to $12.2
The founders wanted to address the issue in the consumer finance industry in Japan and launched SmartBank. In Japan, banks do not offer joint accounts for couples. Unlike other countries, traditional banks in Japan don’t offer joint accounts,” SmartBank CEO Horii told TechCrunch.
As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. as well as a large swathe of insurers in Japan, specifically Tokio Marine Nichido, Mitsui Sumitomo, Aioi Nissay Dowa and Sompo.
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. Global premiums initially shrank, but research by Swiss Re predicts the insurance industry will recover by next year, led by demand in China.
“For years South Korea and Japan have produced large and iconic D2C brands. “We are very excited to partner with the Good Glamm Group to disrupt the beauty and personal care industry and this marks our first investment in the DTC category. Four years is a long time in the startup world.
It established a $50 million fund for Bose AR developers, and initially worked with 11 software partners including Yelp and TripAdvisor. This news comes after a tough year for Bose: it announced that it’d close all its 119 physical retail stores in North America, Europe, Australia, and Japan, which led to hundreds of people being laid off.
This is an interesting day when we see two of China’s major robotaxi foes come together, offering a clue to how the industry is evolving in the country. Financing from the round came from a mix of private and public funds in China and overseas. As technology develops, the focus has turned to the operation of autonomous driving.
Japan is testing the idea, but given the difficulty of retrofitting the natural gas infrastructure to accommodate the leaky molecules, it’s unlikely to happen in the near future. One place where hydrogen does show promise is in heavy industry, where intense heat and dense power can be hard to replicate with electric sources.
Bear has seen some success in deployment of late, including a bid to get its system in more restaurants in Japan. Japan has long eyed robots as a way to keep business moving for its aging population, and the pandemic only served to accelerate those needs. This latest round brings Bear’s full funding up around $117 million to date.
Seven venture capital firms participated in the latest round: DS Asset Management, Industrial Bank of Korea, Hanwha Investment & Securities, S&S Investment, Toss investment, Korea Asset Investment & Securities and Venture Field. Among all the directions and industries, our focuses are [mainly] smart city and autonomous driving.”
The Singapore-based company announced today it has raised $6 million in seed funding, led by B Capital Group. The Singapore-based company announced today it has raised $6 million in seed funding, led by B Capital Group. Part of Nektar.ai’s seed funding will be used to build a go-to-market team focused on the United States.
Moov, a data-fueled marketplace for used manufacturing equipment , has closed a $41 million Series A funding round led by Tiger Global. Investors joining the round include public semiconductor investor Gavin Baker of Atreides Management, Valor Equity Partners, Avenir Growth Fund, and existing investors.
billion JPY) Series D funding. . The round comes from a number of investors including Japan Post Investment Corporation, Block (formerly known as Square), Greyhound Capital, SMBC Nikko Securities, Altos Ventures, Goodwater Capital, StepStone Group, JAFCO Group, Mitsui Sumitomo Insurance Capital and others. . million (4.9 million (12.8
million seed funding round led by crowdfunding platform OurCrowd ‘s incubator Labs/02 and India’s Reliance Industries, in addition to the Israeli Innovation Authority and a number of private investors. As the Israel-based startup announced today, it has now raised a $2.8 Image Credits: MagniLearn.
Rakuten Symphony , the recently launched telco-focused arm of Japan’s Rakuten Group , today announced that it has acquired Robin.io , a startup that offers a Kubernetes platform optimized for storage solutions and complex network applications. had raised a total of $86 million in venture funding.
Commenting in a statement, Margrethe Vestager, the Commission EVP who heads up the digital strategy, said: “ Chips are necessary for the green and digital transition — and for the competitiveness of European industry. “We are mobilising considerable public funding which is already attracting substantial private investment.
Glorang , a Seoul-based edtech startup that offers after-school classes and extracurricular activities via online for students between the ages of 3 and 18, said Friday it has raised a $10 million Series A funding co-led by Korea Investment Partners and Murex Partners, along with Japan’s Pksha Capital. . billion in 2019.
And the evidence comes today with the news that Xayn has now raised almost $12 million in Series A funding led by the Japanese investors Global Brain and KDDI (a Japanese telecommunications operator), with participation from previous backers, including the Earlybird VC in Berlin.
million Series A to strengthen its system integration with OTAs on the demand side, build a booking management system for transportation operators on the supply side and accelerate digital transformation in the pre-booking transportation industry. It will also use the funding for global expansion, Kimura said.
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