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 .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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