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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.
ChatGPT , for the uninitiated, is a chatbot-like technology trained on large language models (LLMs) that can generate essays, poems, lyrics, articles, and more from simple natural-language instructions. It has also previously launched a dedicated AI fund , targeting startups building AI smarts on top of Salesforce.
Climate change is intensifying across the globe, and one of the most challenging cases is Japan. Japan has been something of a gem in One Concern’s market development the past few years. Data was the new oil, until the oil caught fire.
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.
Its been gradual, but generative AI models and the apps they power have begun to measurably deliver returns for businesses. Google DeepMind put drug discovery ahead by years when it improved on its AlphaFold model, which now can model and predict the behaviors of proteins and other actors within the cell. billion valuation.
million from Z Venture Capital , the corporate venture capital wholly owned by Z Holdings , which also owns the Japanese messaging app Line and internet portal Yahoo Japan. The latest funding, which brings Akros’s total amount raised to $6.1 million in funding from PeopleFund, a South Korean peer-to-peer lending platform.
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.,
One of the big leaders in buying up and scaling third-party merchants selling on Amazon and other marketplace platforms is announcing a major round of funding today as it continues to expand its ambitions. Upper90, funds managed by Oaktree Capital Management, L.P., It said that it’s currently on a rate of buying 1.5
Shared micromobility company Luup has raised $8 million (1 billion yen) in debt and asset financing to meet the growing demands of Japan’s micromobility market, which according to a recent report , is projected to reach $11.6 Securing those spaces represents a unique kind of land grab for micromobility companies in Japan.
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. Based in Hong Kong, Coherent helps insurance providers go digital. The company also offers three tools for working with customers.
Before the debate is settled, the ecosystem around blockchain games is already getting built and funded. The idea is to turn creators into shareholders of the platform by giving them governance tokens, a model that will “align the interests of content operators and creators for the first time,” Lin suggested.
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
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. We’ve asked him to give us some insight into starting, building, and funding a company across Asia. He is currently CEO of Bubbly , a social media startup backed by Sequoia Capital, SingTel Innov8, and JAFCO.
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.
Most artificial intelligence models are trained through supervised learning, meaning that humans must label raw data. Data labeling is a critical part of automating artificial intelligence and machine learning model, but at the same time, it can be time-consuming and tedious work. Japan and Vietnam.
Wolt , the Helsinki-based online ordering and delivery company that initially focused on restaurants but has since expanded to other verticals, has raised $530 million in new funding. Former Atomico and SoftBank VC Carolina Brochado has joined EQT to help build its new growth fund. shareholders that exited to new investors). “We’re
Byju announced an $800 million funding back in March, but Manish reports that the startup is $250 million short of hitting that goal. The tiger gets caged for a bit : Tiger Global has been on a hell of a run, but Manish reports that it’s going to hit the brakes for a couple of quarters and is planning to raise a new fund later this year.
Now serial entrepreneurs John de Souza and Khaled Hassounah are reviving the battery swapping business model with a startup called Ample and an approach that they say solves some of the problems that Better Place could never address at a time when the adoption of electric vehicles is creating a far larger addressable market.
WEBTOON’s innovative monetization model and Wattpad’s massive library of diverse stories will provide each prospective affiliate with new levers for growth, creating a stronger foundation to fund an aspiring generation of young, creative talent.
This round of funding was led by Hanwha Hotel & Resort, which is a subsidiary of South Korean conglomerate Hanwha Corporation. The company had raised Series A funding of $1.8 The company had raised Series A funding of $1.8 million (13 billion won) in a Series B+ round as it scales up. million and an additional $1.2
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. .
And this approach is not just for “privacy freaks” Businesses that need search but don’t need Google’s dominant market position are increasingly attracted by this model. The result of the investment is that Xayn will now also focus on the Asian market, starting with Japan, as well as Europe.
It will also use the funding for global expansion, Kimura said. Honolulu, Las Vegas, Miami) and Japan, Kimura said. SmartRyde announced today it has secured a $1.6 The company plans to expand further in major cities and tourist destinations, including Mexico, Spain, Thailand, Dominican Republic, the U.S.
Other participants included returning investors Google’s AI-focused fund Gradient Ventures, SOSV and Monk’s Hill Ventures, along with Endeavor Catalyst and Globant Ventures. Its last round of funding was a $7 million Series A announced in 2019. Van said one of ELSA’s main advantages is its proprietary voice recognition AI tech.
Some SMEs don’t want to get (or have access to) equity funding, but also want to stay away from high-interest bank loans. The Mumbai-based startup announced today that it has raised $36 million in equity and debt led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, along with returning investors Chiratae Ventures and Dream Incubator Japan.
In a year where mass transit on airplanes, trains and buses has had lower traveler numbers in the wake of the COVID-19 pandemic, one of the startups hoping to pioneer a totally new approach to getting individuals from A to B — flying taxis — has raised some significant funding. “It is now all about execution.
Led by Hike Ventures and Real Ventures, the funding includes participation from Toyota AI Ventures and Uphill Capital, among others, designed to help the company pilot its kitchen robotics technology. SoftBank will bring Bear’s serving robots to Japan, amid restaurant labor shortages. million seed round.
Speak , an English language learning platform with AI-powered features, today announced that it raised $27 million in a Series B funding round led by the OpenAI Startup Fund , with participation from Lachy Groom, Josh Buckley, Justin Mateen, Gokul Rajaram and Founders Fund. ” Image Credits: Speak. .
When Udemy last raised money, earlier this year, the president of the business division told me it had clocked up 50 million students that purchase courses in an à la carte format, while enterprise customers — which include Adidas, General Mills, Toyota, Wipro, Pinterest and Lyft in a list of some 5,000 in all — use a subscription model.
Its customer base started in Southeast Asia, before expanding into China, Japan, the United States and Europe. Its customer base started in Southeast Asia and India, and expanded to China, Japan, the United States and Europe. Its funding will be used to expand into more markets and fill engineering and data science roles.
Therefore , digitizing has been mostly around delivery rather than building new infrastructure and payment processing models for African individuals and businesses to make cross-border payments. Financial institutions are left with traditional systems and correspondence models to offer service to their customers.
French startup Back Market — a marketplace for refurbished electronics goods — has raised a $335 million Series D funding round led by General Atlantic. Today’s funding round values the startup — which says it now has 5 million customers globally — at $3.2 It will be using the funding to expand into new markets.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. . This is the first of a four-part series that will provide insight into starting, building, and funding a company across Asia. Once a market or set of markets is nailed down, plant a flag and grow from there.
Today his startup — which builds AI-based personalized learning, including test prep, for students — is announcing a major funding round to help it position itself as a player in that process. Seoul-based Riiid has closed a funding round of $175 million, an equity round coming from a single backer, SoftBank’s Vision Fund 2.
Then it has products that address other parts of their customers’ value chain: AiDeal to help companies send coupons to the customers who are most likely to use them; user engagement platform AIQUA; and AIXON, a data science platform that uses AI models to predict customer actions, including the likelihood of repeat purchases. “I
The deal will provide $475 million in funds for the company, including via a PIPE that includes Tiger Global, BlackRock and Hedosophia. The model is subscription-based, and is designed to get customers up and running with their own space-based data feed in less than a year from deal designs and commitment.
The Taipei-based startup, which connects brands with Instagram microinfluencers through its online platform, announced today that it has closed $2 million in pre-Series A funding led by DCM Ventures, and is launching a new subscription plan. Influenxio plans to use its new funding for hiring and product development.
As a later-stage company, Bucketplace will use the new injection of funding to accelerate its growth in South Korea and enter into new markets, such as Japan, Southeast Asia and the U.S., Its business model is similar to Houzz , which also have a slew of online showrooms. Lee told TechCrunch.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia. See part one here. When they say, “jump” everyone always does.
Bridgestone’s partnership with May Mobility will see the AV startup integrate Bridgestone’s predictive tire wear modeling technology into its vehicles later this year. and Japan in the hopes of becoming profitable. Azuga brings fleet management, camera intelligence and route planning features to May’s capabilities.
French startup Back Market has raised another mega round of funding. In addition to saving money, many customers think new phones only feature incremental updates compared to previous generation models. and Japan. In May, the company raised a $335 million Series D round. market — it currently has 650 employees.
million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8 With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. The startup has secured $4.2
million (25 billion KRW) in a Series B funding round as it wants to increase its global presence, specifically into the U.S., Germany, Japan and Singapore. . It brings its total funding raised to date to $24.9 The fresh capital was led by Korea Investment Partners along with KB Investment and Korea Development Bank.
The funding comes at a time when the global sneaker resale market is thriving, with an expectation to reach $30 billion by 2030, according to a 2020 report by Cowen Equity Research. Other competitors have a C2B2C business model and mainly work with individual sellers with unverified supply sources,” Yip told TechCrunch.
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