Japan’s CAPTCHA startup Capy accepted into Microsoft Ventures accelerator in Tel Aviv

Participants in the fifth batch of incubation program, Microsoft Ventures accelerator Tel Aviv.
Selected startups into the fifth batch of incubation program, Microsoft Ventures accelerator Tel Aviv.
(Capy CTO Koki Shimada is the forth from the right in the top row.)

Capy is a Delaware-registered and Tokyo-based startup that is developing an alternative security technology to replace CAPTCHA. The company announced on Friday that it has been selected by Microsoft Ventures as one of 11 startups that will join its fifth batch of incubation program in Tel Aviv, Israel. According to Microsoft Ventures, of the nearly 300 applications from 32 countries only 11 finalists were selected, including Capy, after several preliminary selection processes.

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Capy CTO Koki Shimada and other team members will spend several months at the Microsoft R&D center in Tel Aviv to further develop the security level of their recently announced risk-based authentication technology, while receiving support from several dozen mentors from companies like Akamai and Jerusalem Venture Partners.

Capy raised a seed round funding from angel investors in 2012, and subsequently secured a series A funding worth about 100 million yen ($1 million) from Japanese investment firm Jafco in 2013. The company won the IVS launchpad award at Infinity Ventures Summit in Kyoto last year.

On a related note on Japanese startups selected by Microsoft Ventures, head-mounted display developer Fove was recently accepted to join the latest batch of Microsoft Ventures’ accelerator program in London. The team appeared on stage at TechCrunch Disrupt in San Francisco earlier this week.

Capy’s pitch at Startup Asia Tokyo, September 4th, 2014.