Hong Kong-based Zeroth.ai, the accelerator focused on nurturing startups from Asia in the artificial intelligence (AI) and machine learning (ML) verticals, announced on Friday that it has fundraised an undisclosed sum from and partnered with the region’s startup studio Mind Fund. Mind Fund is to invest in selected startups born out of Zeroth’s acceleration program batches.
Zeroth.ai was launched back in July by Tak Lo who previously served TechStars, one of world-renowned startup accelerator networks, as director in New York City and London. Upon finishing the first batch program from Zeroth, 10 teams from the cohort recently pitched their final results at the firm’s latest Investor Day.
Meanwhile, Mind Fund is a startup studio founded in 2010 by Adam Lindemann who previously served Tokyo-based VC/incubation firm Neoteny as business development manager. Neoteny was launched back in 1999 by MIT Media Lab director Joi Ito. In January this year, Mind Fund secured an undisclosed sum in funding from DG Incubation, the investment arm of Japanese internet company Digital Garage (TSE:4819), and the former claimed that it will provide startups in the blockchain, AI, FinTech-based payments fields with added support for expansion into the Asian market in partnership with the Tokyo company (Editor’s note: Joi Ito is also one of Digital Garage’s managing directors.)
Upon Zeroth’s funding from Mind Fund this time around, we can expect that it will help AI startups in which the firm specializes enhance business into the Asian, Japanese and US markets since the funds from Digital Garage could be indirectly brought to Zeroth’s effort through the partnership with Mind Fund.
See the original story in Japanese. Fukuoka City Government and three companies, namely Fukuoka Jisho, Sakura Internet and Apamanshop Holdings (TSE:8889) announced on Monday that they will establish a startup support facility in the public / private cooperative style named Fukuoka Growth Next on 12th April at the site formerly occupied by Daimyo elementary school in Fukuoka. Coinciding with the announcement, they opened applications for startups hoping to move in. The establishment of Fukuoka Growth Next aims, in short, to create future unicorns from Fukuoka. To promote “interactions” between startups and to increase public awareness of startups, co-working space, event space, cafe, standing bar and DIY studio will be set up at the facility. The function of the startup support base Startup Cafe in Tenjin, Fukuoka City will be transferred to Fukuoka Growth Next. It supports initiation or company registration, is equipped with the designer training space Fukuoka Design Hub and an engineer training space called Engineer Lab Fukuoka. Moreover, a dozen venture capital firms will jointly provide mentoring and several partner companies provide server or cloud environment free of charge. This project was based on a plan proposed by Fukuoka Jisho, Sakura Internet and Apamanshop Holdings as business associates…
From a press conference on Monday in Fukuoka Image credit: Fukuoka City
Fukuoka City Government and three companies, namely Fukuoka Jisho, Sakura Internet and Apamanshop Holdings (TSE:8889) announced on Monday that they will establish a startup support facility in the public / private cooperative style named Fukuoka Growth Next on 12th April at the site formerly occupied by Daimyo elementary school in Fukuoka. Coinciding with the announcement, they opened applications for startups hoping to move in.
The establishment of Fukuoka Growth Next aims, in short, to create future unicorns from Fukuoka. To promote “interactions” between startups and to increase public awareness of startups, co-working space, event space, cafe, standing bar and DIY studio will be set up at the facility.
The function of the startup support base Startup Cafe in Tenjin, Fukuoka City will be transferred to Fukuoka Growth Next. It supports initiation or company registration, is equipped with the designer training space Fukuoka Design Hub and an engineer training space called Engineer Lab Fukuoka. Moreover, a dozen venture capital firms will jointly provide mentoring and several partner companies provide server or cloud environment free of charge.
This project was based on a plan proposed by Fukuoka Jisho, Sakura Internet and Apamanshop Holdings as business associates and was adopted at the behest of Fukuoka City Government. It allows startups, prospective entrepreneurs, second founders and existing companies / support companies to cooperate with startups to apply for entry into the facility and applications are being accepted on the official website until 10th March.
Translated by Taijiro Takeda Edited by “Tex” Pomeroy
Image of entrance part of Fukuoka Growth Next Image credit: Fukuoka City
See the original story in Japanese. Tokyo-based Vinclu, the Japanese startup developing a holographic virtual assistant called Gatebox, has announced that it will start co-developing solutions using Clova, the artificial intelligence (AI) platform developed by Japanese messaging company Line and its Korean parent company Naver. Coinciding with this, Line unveiled that it will take a major stake in Vinclu although financial details have not been disclosed. Upon this acquisition, Jun Masuda, CSMO (Chief Strategy & Marketing Officer) of Line, joined the management board of Vinclu on March 1st while Primal Capital’s Hiroshi Sasaki will retain the startup’s strategic advisor position. The Clova AI platform was just unveiled at Mobile World Congress 2017, underway now in Barcelona. Aiming to catch up with competitors like Amazon Alexa and Google Assistant, the Naver and Line consortium are planning to introduce AI-enabled solutions in Japan and Korea this summer, with products like the Clova app and the Wave smart speaker. See also: Gatebox, holographic virtual assistant, launches pre-orders for geeks in Japan, US Japan’s Vinclu gains $768K in funding to develop hologram assistant for smart living The Clova platform consists of Clova Brain and Clova Interface, each of which is respectively relevant to the…
Tokyo-based Vinclu, the Japanese startup developing a holographic virtual assistant called Gatebox, has announced that it will start co-developing solutions using Clova, the artificial intelligence (AI) platform developed by Japanese messaging company Line and its Korean parent company Naver. Coinciding with this, Line unveiled that it will take a major stake in Vinclu although financial details have not been disclosed.
Upon this acquisition, Jun Masuda, CSMO (Chief Strategy & Marketing Officer) of Line, joined the management board of Vinclu on March 1st while Primal Capital’s Hiroshi Sasaki will retain the startup’s strategic advisor position.
The Clova AI platform was just unveiled at Mobile World Congress 2017, underway now in Barcelona. Aiming to catch up with competitors like Amazon Alexa and Google Assistant, the Naver and Line consortium are planning to introduce AI-enabled solutions in Japan and Korea this summer, with products like the Clova app and the Wave smart speaker.
The Clova platform consists of Clova Brain and Clova Interface, each of which is respectively relevant to the eyes/mouth and the ears of humans. While a hardware device like the Wave smart speaker secures interfaces that allow the platform to communicate with users, Vinclu’s Gatebox is considered to be defined in that layer.
According to the statement from Line, the company signed a partnership with Sony Mobile Communications in the smart product development and with Takara Tomy (TSE:7867) in the smart toy development, in addition to one with Vinclu in the home robot development. Going forward Vinclu will leverage the Clova platform to develop various applications such
as news updates and calendar-based content offerings, voice command-based home control and Audiobook playback.
Translated by Masaru Ikeda
Edited by “Tex” Pomeroy
This guest post is authored by Mark Bivens. Mark is a Silicon Valley native and former entrepreneur, having started three companies before “turning to the dark side of VC.” He is a venture capitalist that travels between Paris and Tokyo (aka the RudeVC). You can read more on his blog at http://rude.vc or follow him @markbivens. The Japanese translation of this article is available here. This week we have the Mobile World Congress in Barcelona and the Game Developers Conference in San Francisco. Both major technology conferences; both happening at the same time. So difficult to choose… So it’s no surprise then that mobile gaming is on my mind. Truth be told, I was never much of a gamer myself, yet the industry has always fascinated me from an investment perspective. In fact I can only think of three video games which hooked me over the course of my life. Perhaps symbolically, each corresponded to a different stage of my life as well. First there were the Nintendo Game & Watch devices which I collected as a young boy. My favorite was Fire, but I managed to amass games like Octopus, Helmut, Parachute, and then later the double-screened Game &…
This guest post is authored by Mark Bivens. Mark is a Silicon Valley native and former entrepreneur, having started three companies before “turning to the dark side of VC.” He is a venture capitalist that travels between Paris and Tokyo (aka the RudeVC). You can read more on his blog at http://rude.vc or follow him @markbivens. The Japanese translation of this article is available here.
Image credit: Masaru Ikeda
This week we have the Mobile World Congress in Barcelona and the Game Developers Conference in San Francisco. Both major technology conferences; both happening at the same time. So difficult to choose…
So it’s no surprise then that mobile gaming is on my mind. Truth be told, I was never much of a gamer myself, yet the industry has always fascinated me from an investment perspective.
In fact I can only think of three video games which hooked me over the course of my life. Perhaps symbolically, each corresponded to a different stage of my life as well.
First there were the Nintendo Game & Watch devices which I collected as a young boy. My favorite was Fire, but I managed to amass games like Octopus, Helmut, Parachute, and then later the double-screened Game & Watches like Donkey Kong and Mario Bros. My version of Fire still has the dents from when I hurled it across the room in frustration, but the others remain in practically mint condition. That’s how I know that Fire was my favorite. A stroll in Tokyo’s Akihabara district the other day made me realize how valuable these collector’s items have become.
In the modern era, a game consultant in Japan introduced me to GungHo’s Puzzles & Dragons in 2012. This mid-core smartphone game fascinated me in two ways. First, the combination of a Match-3 game with a dragon battle game represented a level of sophistication that I had never seen in the West. Additionally, the innovation around the gacha monetization technique opened my eyes to the business potential of mobile gaming in Japan. Although after five years PazuDora is finally in decline, the game is the most profitable F2P game ever. (Incidentally, I’ve written previously about the present-day threats to the gacha technique).
For the decade in between, i.e. around the turn of the century, the game that hooked me was Snake on my Nokia feature phone. Remember those old Nokia feature phones? A Nokia was my first mobile phone, and I must have cycled through half a dozen of those reliable devices during this period. That was of course before the smartphone revolution, back when we still used mobile phones for talking. Navigating through the memorized key sequence to Snake probably fell second only to checking voicemail among my daily routine.
The union of the snake is on the climb
Two major announcements broke this week for nostalgic fans like me: At MWC, HMD Global (which now owns the rights to make Nokia phones) announced that they are bringing back the classic Nokia 3310 phone. They announced the retro re-launch as a “One More Thing,” underscoring the only three things that matter: its battery lasts a month, it has Snake, and it has the Nokia ringtone.
And on the other side of the world, our portfolio company CoolGames announced that they’re bringing Snake into the new generation. CoolGames is launching Snake on Facebook Messenger’s Instant Games, a harbinger of the next form of disruption in mobile gaming in my opinion.
Perhaps I fit perfectly into the demographic motivated by nostalgia. I for one look forward to the return of Nokia’s 3310, to the return of Snake, and to how this future paradigm of mobile gaming will entertain us while still letting us hold on to the things we cherish.
See the original story in Japanese. Tokyo-based Nightley, the Japanese startup developing geo-analytics solutions, announced on Monday that they raised a total of 130 million yen (around $1.2 million US) from Nissay Capital, SMBC Venture Capital, and Legend Partners in a series A round. This follows their previous funding of an undisclosed sum from NetAge and Altovision (now known as Experian Japan) in a seed round back in May of 2011. Yutaka Ishikawa, previously of NetAge, founded Nightley in 2011. Initially, the company operated the Milcle app which facilitated communication between shop operators and customers, but then pivoted their business to data collection and analysis specializing in location information. In addition to Inbound Insight, a tool capable of analyzing the behaviors of visitors for inbound businesses launched in July of 2015, they have released a series of services including ABC Lunch, an app that connects users and regional restaurants using SNS big data; ZouZou, a tourism support app for visitors to Japan; and Pokémon GO Insight, which shows popular areas for Pokémon GO on a map. See also: Tokyo Office Tour: Nightley brings behavioral consumer data to geo-analytics Of these, in particular the B2B service Inbound Insight contributes to the…
Tokyo-based Nightley, the Japanese startup developing geo-analytics solutions, announced on Monday that they raised a total of 130 million yen (around $1.2 million US) from Nissay Capital, SMBC Venture Capital, and Legend Partners in a series A round. This follows their previous funding of an undisclosed sum from NetAge and Altovision (now known as Experian Japan) in a seed round back in May of 2011.
Yutaka Ishikawa, previously of NetAge, founded Nightley in 2011. Initially, the company operated the Milcle app which facilitated communication between shop operators and customers, but then pivoted their business to data collection and analysis specializing in location information. In addition to Inbound Insight, a tool capable of analyzing the behaviors of visitors for inbound businesses launched in July of 2015, they have released a series of services including ABC Lunch, an app that connects users and regional restaurants using SNS big data; ZouZou, a tourism support app for visitors to Japan; and Pokémon GO Insight, which shows popular areas for Pokémon GO on a map.
Of these, in particular the B2B service Inbound Insight contributes to the company’s sales. This service collects and analyzes data based on posts published on SNS such as Twitter and Weibo, and clients can then get a taste of user tendencies (facilities visited, types of movement, routes taken) based on nationality. The company offers a premium service with more than 4,000 clients including major advertising companies, convenience stores, rail companies, and marketing research companies.
It appears that after one and a half years since the launch, the company will expand the variation of services offered through Inbound Insight.
He explained:
Nightley CEO Yutaka Ishikawa
We started with an SNS (social network service-based) analysis plan. From there we have expanded the variations using stats other than SNS, for example, partnering with NTT DoCoMo to collect anonymous data from inbound tourists (users of roaming in), and negotiating with the Ministry of Economy, Trade, and Industry to gather and analyze data on the trends of visitors to Japan.
We are putting out a plan with Val Laboratory [known as Ekisupaato, the expert on stations] that multiplies station data and location analysis data, as well as developing a plan with the Mitsubishi Research Institute, who are skilled in tourism analysis, that can predict the future of inbound visitors.
For a diagnostic plan of priorities, for example, if you input the address list of a chain of stores, you can see which store has a large number of Chinese tourists, so providers know whether introducing the Alipay terminal is a priority or not.
They have also advanced statistically visible content by tracing the trends based on the price of the accommodations chosen by users, making it possible to see where users with more money are choosing, as well as the routes backpackers are taking. Recently, there are also increasing numbers of automobile and rental car companies, etc., requesting analyses of their raw trend data from customers, including location information, in order to obtain context from the data.
Nightley plans to use the funds raised this time around to expand their app and location intelligence business. Specifically, they are looking to improve and increase the plans for Inbound Insight, targeting companies looking to promote visiting foreigners to Japan and companies providing solutions for inbound actions.
This guest post is authored by Mark Bivens. Mark is a Silicon Valley native and former entrepreneur, having started three companies before “turning to the dark side of VC.” He is a venture capitalist that travels between Paris and Tokyo (aka the RudeVC). You can read more on his blog at http://rude.vc or follow him @markbivens. The Japanese translation of this article is available here. Last Friday I had the pleasure of attending the remote webcast of Zeroth.ai accelerator’s class pitch day. Here in The Bridge you’ll find a more comprehensive recap of the event. In contrast, I’ll hone in on three AI startups which struck me as particularly relevant for the European market. Rocco.ai – an AI-powered social media manager. Rocco’s key selling point is improving the efficiency of managing myriad social media campaigns in the saturated space of platforms. Sounds worthwhile. However, I could already imagine another killer app: tweak the Rocco bot to suffer through the countless productivity-sapping meetings which are all-too-common in many Southern European business environments. Impress.ai – an AI-powered candidate screening tool for employers. One of Europe’s strengths is is deep base of diverse talent in the job-seeking pool. Hiring managers are inundated with…
This guest post is authored by Mark Bivens. Mark is a Silicon Valley native and former entrepreneur, having started three companies before “turning to the dark side of VC.” He is a venture capitalist that travels between Paris and Tokyo (aka the RudeVC). You can read more on his blog at http://rude.vc or follow him @markbivens. The Japanese translation of this article is available here.
Last Friday I had the pleasure of attending the remote webcast of Zeroth.ai accelerator’s class pitch day.
Here in The Bridge you’ll find a more comprehensive recap of the event. In contrast, I’ll hone in on three AI startups which struck me as particularly relevant for the European market.
Rocco.ai – an AI-powered social media manager. Rocco’s key selling point is improving the efficiency of managing myriad social media campaigns in the saturated space of platforms. Sounds worthwhile. However, I could already imagine another killer app: tweak the Rocco bot to suffer through the countless productivity-sapping meetings which are all-too-common in many Southern European business environments.
Impress.ai – an AI-powered candidate screening tool for employers. One of Europe’s strengths is is deep base of diverse talent in the job-seeking pool. Hiring managers are inundated with résumés in countries which have punishingly high unemployment rates. Impress.ai’s tool strikes me as a remedy to optimizing these hiring processes. One open question for bots like these is how do we ensure that our human biases do not become integrated into the AI tools humans build?
Sero.ai – a clever application for deep learning to improve rice crop yields. By taking photos of their rice fields with their smartphones, farmers can obtain AI-driven analytics and disease diagnoses in real-time in order to optimize usage of pesticides, fertilizers, water, and energy on their crops. This led me to thinking: would a similar application be appropriate for vineyards? For example, could a winemaker minimize pesticide usage based on an AI-informed recommendation of insect susceptibility? Or perhaps even the harvest date could be optimized? It would seem to me that a startup from one of the major wine regions in France, Italy, or even Germany would have some legitimacy in this area.
To reiterate what I had mentioned in my predictions post, I believe 2017 will be a breakout year for the deployment of AI applications. By this I mean that AI companies will start to master the processes of expectation management and social engineering in order to bring AI across the chasm of consumer perception. This excites me as an investor.
[On a related note: my favorite venue for meeting AI entrepreneurs in Tokyo is the aptly-named Deus Ex Machina, a surf shop that doubles as a café (or vice versa). If you appreciate AI (or even just a well-balanced Gibraltar, albeit brewed by a human), Deus is worth a stop. If you bump into me there, I’m probably meeting with an AI entrepreneur, so please introduce yourself. However, please don’t “out” me as a VC since the staff of the Deus only know me as the California surfer dude.]