AI startup cinnamon, about 1.5 billion yen, close the series B -round — Takeshi Nami inauguration as an advisor, established a US corporation and entered SV | Bridge (Bridge) Technology & Startup Information
Cinnamon, which develops documents and audio reading engines using artificial intelligence (AI) for white color, announced on the 28th that it has closed the series B -round that had been procured last year.The final procurement completion amount is about 1.5 billion yen.In the series B-round, in addition to the announcement last year, the future creative fund (sparks group), Nomura Holdings, Sumitomo Corporation, SMBC Venture Capital (SMBC-VC), Senbon Koyo, and Fuji Ishiguro are new investors.Join as.All investments, including SMBC-VC, are strategic investments with a view to collaboration.
The RPA (class 2) solution "FLAX SCANNER" using the document reading engine "Cinnamon AI" developed in -house is a main product, a contract, resume, business progress report, medical medical record, handwritten application form, real estate property information., It is used for automatic arrangement of receipts."Rossa Voice", which was developed based on the accurate character -word recognition technology used in Flax Scanner, is a solution that can accurately realize characters from recording of call centers.
Among the new investors announced this time, Rossa Voice is expected to be used in Nomura Securities' call center operations under the umbrella in collaboration with Nomura Holdings.In the case of a securities company's call center, we often record interactions with customers from the perspective of improving services and prevention of defects, but it is impossible for humans to monitor / review everything from a huge amount of calls and audio data.There is.Rossa Voice's technology can help you to improve and save on these processes.
Through collaboration with cinnamon, Sumitomo Corporation is a digital transformation that crosses the department, and SMBC-VC is a Future Creation Fund (Operated by Sparks Group, fund investment in SMBC-VC's work efficiency under the umbrella of Sumitomo Mitsui Financial Group (SMFG).Toyota and Sumitomo Mitsui Banking Corporation are looking forward to the possibility of Toyota's efficiency.
In response to this procurement, cinnamon will also focus on expanding overseas.In Vietnam and Taiwan, he has been consolidating the AI development base, but has opened an office in Silicon Valley in addition to Tokyo as a base for business development and sales.Through the participation of Insuretech's conference, US companies have gained high interest in Rossa Voice, and they prioritize expansion in the United States, which have high competitors but have high demand for potential.
It was also announced on February 1 that President Suntory Holdings, President and CEO, will be appointed cinnamon advisor.With the help of Nami, who has demonstrated leadership with Mitsubishi Corporation and Lawson, he wants to focus on strengthening the building system that expands.Cinnamon will strengthen business development, Delivery in AI solutions, and senior AI researchers.
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