Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Insurance giant Sompo buys 21.9% stake in Google-backed deep learning startup Abeja

Tokyo-based Abeja announced that it has formed a capital and business alliance with Japanese insurance giant Sompo Holdings (TSE:8630). Sompo acquired 21.9% of the outstanding shares from Abeja’s five existing shareholders: INCJ, Salesforce.com, Mizuho Capital Mitsubishi UFJ Capital, and Itochu (TSE:8001). The startup became an affiliate of the insurance conglomerate. Founded in September of 2012, […]

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Japan’s Hacobu secures $8.7M to use big data for optimizing B2B logistics

Japan’s Hacobu secures $8.7M to use big data for optimizing B2B logistics

Tokyo-based Hacobu, a business-to-business logistics optimization startup, has announced that it has secured 940 million yen (about $8.7 million US) in its latest round of funding. Participating investors are JIC Venture Growth Investments (JIC VGI), NN Corporate Capital (Investment arm of Nomura Real Estate Holdings), Toyota Tsusho (TSE:8015), Logistics Innovation Fund (Spiral (TSE:8015), Logistics Innovation […]

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Daiz, Japan’s answer to Impossible Foods, secures $17M series B round

Daiz, Japan’s answer to Impossible Foods, secures $17M series B round

Kumamoto-based Daiz, the Japanese startup developing plant-based substitutes for meat products, announced on Monday that it has secured about 1.85 billion yen (about $17.1 million) in a series B round. Participating investors are Ajinomoto (TSE:2802), Marubeni (TSE:8002), Nippon Steel Trading (TSE:9810), Kanematsu (TSE:8020), Kanematsu Foods, ENEOS Innovation Partners, Kichiri Holdings (TSE:3082), Mitsui Sumitomo Insurance Capital, […]

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Studist nabs $17M from Pavilion Capital and others to boost Asia expansion

Studist nabs $17M from Pavilion Capital and others to boost Asia expansion

Tokyo-based Studist, the Japanese startup behind the TeachMe Biz visual workflow management platform and the Hansoku Cloud sales promotion PDCA management platform, announced today that it has secured 1.85 billion yen (about $17.1 million US) in the latest round. In addition to existing investors such as DNX Ventures, Nippon Venture Capital, and Salesforce Ventures, participating […]

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Japan’s Allm secures $50.5M+ to promote COVID-19 solutions and telemedicine in Asia

Japan’s Allm secures $50.5M+ to promote COVID-19 solutions and telemedicine in Asia

Japanese MedTech Startup Allm has secured 5.6 billion yen (over $50.5 million) from investors including Mitsui & Co (TSE:8031) and SOMPO Holdings (TSE:8630), Nikkei reported on Sunday. This round is considered to be a series A extension round while Japanese startup database Initial reports the company’s post-valuation has reached about 32 billion yen (about $300 […]

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Messaging platform Gupshup raises $100 million at $1.4 billion valuation

Messaging platform Gupshup raises $100 million at $1.4 billion valuation

A startup that began its journey in India 15 years ago, helping businesses reach and engage with users through texts said on Thursday it has attained the unicorn status and is also profitable. San Francisco-headquartered Gupshup has raised $100 million in its Series F financing round from Tiger Global Management, which valued the 15-year-old startup […]

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