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Japan AI solutions provider ABEJA gets Series C extension investment from Google

Deal Street Asia 2018-12-06 16:25:03

Japan AI solutions provider ABEJA gets Series C extension investment from Google

Visual from the company website

Tokyo-based artificial intelligence (AI) and machine learning (ML) solutions provider has received a Series C extension investment from , bringing its cumulative funding to over 6 billion yen ($53 million), according to the company’s announcement on Tuesday.

Along with this investment, ABEJA and Google will collaborate on developing AI and ML solutions across various sectors including retail and manufacturing as well as driving the application of AI solutions in Japan.

“This investment paves the way for collaboration with ABEJA in innovative solutions in the retail and manufacturing sector, as well as other verticals,” said Shinichi Abe, Managing Director, Google Cloud Japan.

ABEJA, founded in September 2012, has developed deep learning technologies in-house, conducting collaborative research with AI-specialists across Japan.

As of November 2018, it has implemented ABEJA Insights to more than 100 corporate enterprises and in 520 stores that include Japanese retailers and distributors such as PARCO and ICI Ishii-sports.

It has established a local subsidiary in Singapore in March 2017 and plans to expand its operations globally, starting from ASEAN countries.

ABEJA secured about $5 million in its Series B round from Innovation Network Corporation of Japan and Archetype Ventures in 2016. Previously, it secured a six-digit Series A sum from Salesforce Ventures and received an undisclosed amount in seed round from Archetype, Inspire, Mitsubishi UFJ Capital, Mizuho Capital, NTT Docomo Ventures and Sakura Internet.

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