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Japan’s Ground, developing AI and robotics for intelligent logistics, secures $16.2M

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See the original story in Japanese. Tokyo-based Ground, the Japanese startup developing artificial intelligence (AI) and robotics solutions specifically focused on offering intelligent logistics, announced on Friday that it has secured up to 1.71 billion yen (about $16.2 million US) in the latest round. This round was led by Japanese state-owned investment company INCJ with participation from Sony (Sony Innovation Fund), Saphire Capital, JA Mitsui Leasing, IMM Investment (Korea), and IMM INvestment Group Japan. Of these, INCJ has agreed to invest up to 1 billion yen (about $9.5 million US) in the logistics startup. Ground was founded in April of 2015 by Hiratomo Miyata who previously led the respective logistics arms of Japanese e-commerce giants Askul and Rakuten. The startup has formed a capital and business tie-up with Japanese office furniture maker Okamura (TSE:7944) in addition to Frameworx, the logistics-focused subsidiary of Japanese largest homebuilder Daiwa House Industry (TSE:1925). The funding at this time follows 1 billion yen (about $9.5 million US) funding from Daiwa House Industry back in June of 2017. The company has developed a platform that combines robots and AI software to optimize logistics operations including picking in warehouse. Leveraging a customer database to help understand consumer…

ground-amr-robot
AMR, Ground’s autonomous collaborative robot for the logistics industry
Image credit: Ground

See the original story in Japanese.

Tokyo-based Ground, the Japanese startup developing artificial intelligence (AI) and robotics solutions specifically focused on offering intelligent logistics, announced on Friday that it has secured up to 1.71 billion yen (about $16.2 million US) in the latest round. This round was led by Japanese state-owned investment company INCJ with participation from Sony (Sony Innovation Fund), Saphire Capital, JA Mitsui Leasing, IMM Investment (Korea), and IMM INvestment Group Japan. Of these, INCJ has agreed to invest up to 1 billion yen (about $9.5 million US) in the logistics startup.

Ground was founded in April of 2015 by Hiratomo Miyata who previously led the respective logistics arms of Japanese e-commerce giants Askul and Rakuten. The startup has formed a capital and business tie-up with Japanese office furniture maker Okamura (TSE:7944) in addition to Frameworx, the logistics-focused subsidiary of Japanese largest homebuilder Daiwa House Industry (TSE:1925). The funding at this time follows 1 billion yen (about $9.5 million US) funding from Daiwa House Industry back in June of 2017.

rock-thailand-vol1-ground-2
Image credit: Ground

The company has developed a platform that combines robots and AI software to optimize logistics operations including picking in warehouse. Leveraging a customer database to help understand consumer behavior, the platform adopts machine learning to allow users to predict how many products should be manufactured and will be sold, thereby improving the overall efficiency of their logistics operations. The platform is unique in terms of offering all at once: both hardware-powered (robotics) and software-driven (AI) approaches.

Ground participated in Rock Thailand, the cross-market open innovation initiative co-hosted by the Japanese Embassy to Thailand and Thailand’s major conglomerate Charoen Pokphand Group (CP) earlier this year, where the startup suggested the possibility of overseas business expansion. They will use the funds to strengthen hiring talents for business expansion as well as research and development of new technologies in the logistics sector.

Japan’s Wovn announces Dropbox-like online storage for document translation

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Tokyo-based Wovn Technologies, the Japanese startup offering a multilingual support platform for websites and other digital resources, announced today that they will launch a new service called Wovn Workbox at their business conference held in Tokyo today. Similar to Dropbox, Box, and other cloud-based storage services, Wovn Workbox allows you to share documents but also translate them into other languages automatically so that your colleagues can understand your document written in their unfamiliar language. When an original file is revised, that change will be made to its translation result immediately. Planned to be launched in August, the cloud service can support several file formats: Word, PowerPoint, Excel, and Text files (PDF file support follows later). The software for synchronizing files in a user’s local storage with the cloud will be available on Mac OS X 10.10 and its later as well as Windows 10 and its later. Pricing details have not been published yet but it appears to be charged on a monthly subscription basis. Translation results will be reviewed by artificial intelligence and then checked by native speakers. Wovn expects the new service to be adopted by companies where multinational talents are using cloud services on a daily basis….

wovn-globalized
Globalized 2019
Image credit: Wovn Technologies

Tokyo-based Wovn Technologies, the Japanese startup offering a multilingual support platform for websites and other digital resources, announced today that they will launch a new service called Wovn Workbox at their business conference held in Tokyo today.

Similar to Dropbox, Box, and other cloud-based storage services, Wovn Workbox allows you to share documents but also translate them into other languages automatically so that your colleagues can understand your document written in their unfamiliar language. When an original file is revised, that change will be made to its translation result immediately.

Planned to be launched in August, the cloud service can support several file formats: Word, PowerPoint, Excel, and Text files (PDF file support follows later). The software for synchronizing files in a user’s local storage with the cloud will be available on Mac OS X 10.10 and its later as well as Windows 10 and its later. Pricing details have not been published yet but it appears to be charged on a monthly subscription basis. Translation results will be reviewed by artificial intelligence and then checked by native speakers.

wovn-workbox-1
Image credit: Wovn Technologies

Wovn expects the new service to be adopted by companies where multinational talents are using cloud services on a daily basis. By allowing them to translate their documents and decks into many languages and keep results update, Wovn wants to eliminate language barriers among diverse employees. In Japan, the decline of workforce and the rise of international businesses may cause definitely increasing the number of immigrant workers in offices. With the new service, Wovn wants to help internationalization efforts of companies in their internal operations as well as their marketing activities to potential customers.

Wovn has partnered with SBI Group and integrated with the latter’s electronic approval workflow system so that SBI employees can communicate each other regardless of which language they speak. Wovn is also expected to integrate their platform with third-party’s various cloud-based services in addition to Workbox-like online storage services. 

Japanese user location analytics startup Rei Frontier raises $2.7M from Mitsui & Co.

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See the original story in Japanese. Tokyo-based Rei Frontier, the Japanese startup behind AI-powered user location analytics platform called SilentLog Analytics/SDK, announced today it has raised 300 million yen (about $2.7 million US) from Mitsui & Co. The investment includes a strategic partnership, which lets the startup collaborate with the trading giant to offer various mobility services according to the user’s behavioral characteristics, create new means of mobility to alleviate traffic congestion by changing people’s behavior, and design an integrated system so that people can move seamlessly between multiple ways of transportation. The company provides a marketing service called Silent Log Analytics enabling a new type of activity analysis by analyzing customers’ location information with artificial intelligence (AI). Companies want to know about customers and customers want companies to make optimized proposal for each, but in reality, sometimes the problem occurs where products that were purchased offline are recommended online. To solve this, Silent Log Analytics acquires 40,000 users’ activity data per day, obtaining their consent. Using smartphone-mounted GPS and sensors, it determines users’ condition or social attribute. Rei Frontier gathers information and owns the accumulated knowledge that only requires 3% power consumption. The team aims to optimize recommendation or…

L to R: Kenshi Tamura (CEO, Rei Frontier), Michihiro Nose (Mobility Business Unit I, Mitsui & Co.)
Image credit: Rei Frontier

See the original story in Japanese.

Tokyo-based Rei Frontier, the Japanese startup behind AI-powered user location analytics platform called SilentLog Analytics/SDK, announced today it has raised 300 million yen (about $2.7 million US) from Mitsui & Co.

The investment includes a strategic partnership, which lets the startup collaborate with the trading giant to offer various mobility services according to the user’s behavioral characteristics, create new means of mobility to alleviate traffic congestion by changing people’s behavior, and design an integrated system so that people can move seamlessly between multiple ways of transportation.

The company provides a marketing service called Silent Log Analytics enabling a new type of activity analysis by analyzing customers’ location information with artificial intelligence (AI). Companies want to know about customers and customers want companies to make optimized proposal for each, but in reality, sometimes the problem occurs where products that were purchased offline are recommended online.

To solve this, Silent Log Analytics acquires 40,000 users’ activity data per day, obtaining their consent. Using smartphone-mounted GPS and sensors, it determines users’ condition or social attribute. Rei Frontier gathers information and owns the accumulated knowledge that only requires 3% power consumption. The team aims to optimize recommendation or customer notification by not sending entertainment information during work or not sending business information after work.

This Rei Frontier’s app allows users to monitor the fuel efficiency of their car on mobile.
Image credit: Rei Frontier

SilentLog Analytics has two types of use cases: One is the public type offering an SDK (software developer kit) to mobile apps for consumers, and the other one is the private type for corporate users for their internal business use. Diversified in many fields, examples include integration with a health promotion app, a fleet management app as well as predicting how people move in town especially in the event of a disaster.

Since Mobility Business Unit I of Mitsui & Co. has railway companies, transport functions at mines and other assets in the overseas, Rei Frontier says they can expect to achieve a good result of the collaboration in the mobility sector.

SilentLog Analytics has expanded into the European Union and UK markets where GDPR has been effective and requires businesses strictly comply with local regulations on information handling. Rei Frontier CEO Kenshi Tamura told The Bridge that facility investment in such overseas markets is one of the reasons why they have decided to raise funds at this time.

Rei Frontier was chosen for the third batch of Tokyo Railway’s accelerator program back in 2017, won the Spring Up! sports-focused accelerator program by Japanese system integration company TIS back in 2018. The company raised an undisclosed sum from Adways and Inclusion Japan back in April of 2015, subsequently an undisclosed sum from Mizuho Capital and IID (TSE:6038) back in August of 2016, and also 140 million yen ($1.2 million US) from Iwagin Jigyo Sozo Capital and Energy & Environment Investment.

Their potential competitors include Sentinance (Belgium), Anagog (Israel), SafeGraph (US) and Factual (US), but there is no dominant player yet from the technology and data volume perspective. Our readers may recall that Tokyo-based VC Global Brain-backed startup Near, previously called AdNear and originated from India, has expanded into the Japanese market.

Translated by Amanda Imasaka
Edited by Masaru Ikeda

Crowdsourced manga translation app wins entertainment firm’s incubator Demo Day

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See the original story in Japanese. Earlier this month, Culture Convenience Club (CCC for short, TSE:4756), the Japanese company well known for its CD/video rental and bookstore chain called Tsutaya, held the final public screening event for the fifth batch of its startup incubation program called T-Venture Program. The program accepted entries for this batch from August 1st through September 14th, and the teams that proceeded on to the next round of judging spent a little over one month from November 1st to December 4th brushing up their plans for collaboration. Seven teams passed the second round to become finalists in the last examination round. The judges selected three winning startups after scoring them on four points including value creation, growth, and branding. The program recruited startups specializing in database marketing that uses the Tsutaya video rental and bookstores, T-Site, and other platforms. Through the platforms the companies should  propose lifestyle content, and then use the data obtained from the platforms and lifestyle content. Startups were recruited regardless of the type of business or industry, whether it is a corporation or individual, age, nationality, or whether the projects were in the beginning stages without any minimal viable product (MVP). Unlike other…

See the original story in Japanese.

Earlier this month, Culture Convenience Club (CCC for short, TSE:4756), the Japanese company well known for its CD/video rental and bookstore chain called Tsutaya, held the final public screening event for the fifth batch of its startup incubation program called T-Venture Program.

The program accepted entries for this batch from August 1st through September 14th, and the teams that proceeded on to the next round of judging spent a little over one month from November 1st to December 4th brushing up their plans for collaboration. Seven teams passed the second round to become finalists in the last examination round. The judges selected three winning startups after scoring them on four points including value creation, growth, and branding.

The program recruited startups specializing in database marketing that uses the Tsutaya video rental and bookstores, T-Site, and other platforms. Through the platforms the companies should  propose lifestyle content, and then use the data obtained from the platforms and lifestyle content. Startups were recruited regardless of the type of business or industry, whether it is a corporation or individual, age, nationality, or whether the projects were in the beginning stages without any minimal viable product (MVP).

Unlike other typical incubation programs, with the T-Venture program the teams are evaluated on other important points: whether they can find their synergy with CCC, the managing organization, or whether they can come up with valuable collaborative content.

The judges were as follows:

  • Muneaki Masuda – Founder and CEO, Culture Convenience Club
  • Noboru Takeda – President and CEO, CCC Design
  • Kazuo Nakanishi – President and COO, CCC Entertainment
  • Kazuhiko Kitamura – President, CCC Marketing
  • Junji Tanigawa – President and CEO, CCC Creative
  • Shihoko Urushi – Principal, Shinagawa Joshi Gakuin, Principal
  • Akira Shiramasa – President and CEO, CCC PhotoLife Lab
  • Takeshi Yoshimura – President and CEO, Digital Hollywood

CCC Award: ToryComics by ToryWorks

Prize: 1 million T-Point points

ToryWorks has developed ToryComics, a mobile app that allows users to translate manga using crowdsourcing. It is difficult to publish many manga titles in many different languages due to the high cost of translation. With ToryComics, users can translate the dialogue in a  manga episode into their mother tongue on their smartphone while viewing it, and then publish it to the global market after completing the translation. The app allows the translator to receive part of the revenue while paying copyright fee to the original author.

It is currently available for use in 13 languages in 142 countries, and a year of test marketing in Indonesia resulted in acquiring 500,000 users. One year later, by November 2019, the company plans to make it available in 18 languages in 200 countries, with a target of 3 million users. In terms or collaboration with CCC, ToryWorks proposed a plan to allow users to exchange T-Points for virtual coins that can be used on ToryComics, and a plan to allow Tsutaya Premium members all-you-can-read access to ToryComics. In the future, the company would like to distribute works from CCC affiliates and produce Japanese-Korean collaborative comics.

Outstanding Performance Award: Wall Share by 180

Prize: 500,000 T-Point points

Wall graffiti is illegal, and can make passers-by and residents feel uncomfortable, but if it is possible to obtain permission from owners and post something highly artistic, then value as a business can be created. 180 took inspiration from cities like Paris, where so-called graffiti forms an important part of the atmosphere, and Hong Kong, where it actually attracts visitors. The company matches wall owners, artists, and advertisers with the goal of developing an advertising business targeting tourists.

The company aims to produce a mobile app for graffiti stories and to show the place where users can see the art, along with a matching app that allows users to plan advertisements by matching vacant walls with artists. It is looking to monetize through the collaboration of vacant wall owners and artists, ads, paid apps, and merchandising. The company would like to collaborate with CCC on ad sales for their art specialty magazine. The company would also like to collaborate with CCC Marketing to build a marketing database by holding a stamp rally, and to host an art award at the Tsutaya bookstore in Ginza. 180 has already recruited the help of Kobe City in securing vacant walls.

TVP Award: Cametis by Kaisei Academy

Prize: 60,000 T-Point points

Cametis is a mobile app to help familiarize elementary and junior high students with musical education by first helping them practice piano exercises. Piano continues to be ranked high among extracurricular activities for elementary and junior high students, but students must practice without a teacher present which creates problems like being unable to fully grasp details. With Cametis, users can record their performance and discover their mistakes allowing them to concentrate on these areas while they practice. Additionally, there is a function that allows teachers to share their advice via the digitally displayed sheet music instead of writing it directly on the sheet music.

In order to prevent from violating copyright laws, the app specializes in classical music scores. Free users can practice the chorus of said scores. If the user likes it and wants to practice the entire song, they can purchase a package, which forms the basis of Cametis’ business model. As the number of children in Japan continues to decrease, the company is also targeting elementary and junior high school students in China, as well as the elderly. In partnership with CCC, they expect CCC to adopt Cametis as a next-generation musical education model for the “T-Kids Share Program” developed with the Mistletoe startup studio.

The following startups participated in this batch and pitched their ideas, but were not awarded a prize.

Learning Platform on Manga Technique by Hirohisa Tanaka

Hirohisa Tanaka has for many years been in a position to teach aspiring manga artists from Japan and China. According to him, when teaching manga to Chinese students their drawing level rises sufficiently, but their level of story-telling and planning does not. The reason being the absence of professional manga editors in China, unlike in Japan where manga artists and editors meet repeatedly and create the manga after hitting on a story. In addition, there are other problems such as the lack of opportunities to train manga artists, and no chance for manga artists and editors to meet each other in the first place.

Tanaka opened an online manga school for students in China with the hope of discovering and nurturing aspiring and current manga artists. At the same time, it is necessary to have professional editors who can evaluate manuscripts and submissions, so he would like to export editor training manuals. He hopes for collaborative projects with CCC’s manga submission service “Manga Hack”, Tsutaya Creator’s Program, Digital Hollywood, T-Kids Share School, and Tsutaya stores in China.

Cozre by Cozre

Cozre is a lifestyle suggestion platform for the parenting generation. The platform collects over 2.5 million answers a year from 600 genres, starting with parent’s names, children’s names, pregnancy due dates, birthdates, and other personal profiles. It then uses these profiles to develop qualitative and quantitative databases, and based on the age of the children provides recommendations for what kind of useful tips/what kind of goods the user will need and when.

In cooperation with CCC, the company proposed giving TIDs (T-point IDs) based on children’s information, so once a child is born it can become a T-card member at the age of 0. Moreover, by crossing Cozre user’s age data with CCC’s lifestyle database, it becomes possible to recommend goods for raising children according to the couple’s lifestyle. When a parent user provides information useful for other parents on Cozre, the companies could also consider plans to give points on children’s T-cards.

See also:

Self by Self

Self uses conversational AI (artificial intelligence) to allow companies and consumers to engage with each other in conversation. With the state of excessive information in recent years, Self can set up bots on websites and apps to understand the user’s values, living environment, hobbies, and emotional changes through conversation with the user. It not only collects and presents information side by side, but also “serves it” in a way the user wants, which makes it easier for users to accept.

The company explained that by teaming up with CCC it is possible to combine CCC Marketing’s purchase data and the conversational AI technology of Self to more effectively induce purchases and conduct marketing. If it is used in conjunction with the T-Point app it can calculate behavior patterns and user attributes from purchasing data and makes research possible. For example, if a married man in his 30’s makes a purchase at the nearest convenience store to his home earlier than usual, the bot answers that the man is not enjoying time with his family and recommends a DVD that can be enjoyed together.

teplo by Load & Road

Load & Road developed an IoT smart teapot called Teplo, which cooperates with smartphones to make the optimal tea according to the type of tea. Also, by analyzing the user’s pulse rate, their body temperature from their finger, the temperature outside, the room temperature, and the level of noise, it will make tea in the optimum condition for the user in that environment. They will monetize by selling pots and tea leaves. Japan and the United States are positioned as the target markets.

In collaboration with CCC, the company would like to sell hardware at pop-up stores, to sell it at Tsutaya Electrics after mass production starts, and to sell tea using the company’s teapot at T-site cafes. Based on purchasing data according to consumer attributes from the T-Point database the recommendation accuracy of Teplo improves, and additionally, based on consumption data, T-Point member companies can apply for product development too.

Stock Point by Stock Point

Stock Point is developing a point system linked with stock prices based on blockchain. When the user accumulates points on Stock Point by shopping, Stock Point cooperates as stock prices (of the manufacturer of the purchased product, etc.) rise to increase the amount of points on Stock Point. If the amount of Stock Point points becomes equal to or more than one share of the stock, the user can exchange it for stock and become a shareholder with the company.  By buying the products and services of companies that the user supports, they can eventually become shareholders of the company, and companies can increase their number of fans.

In the future, Stock Point is also considering the formation of a community economy using cryptos as opposed to cooperating with the stock exchange. The existing Stock Point service only covers listed stocks, but with this new concept, the company will construct a C2C (consumer-to-consumer) investment platform that allows each community of users sharing the same interest to issue its own token. As each of these economic communities grows, holders of each crypto can make a profit. The C2C investment platform also has community activation tools, customer promotion functions, tools gathering project ideas, and the company hopes to collaborate with CCC in this area.

Translated by Amanda Imasaka
Edited by Masaru Ikeda

AI startup accelerator Zeroth partners with Softbank-backed Deepcore, shares deal flow

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See the original story in Japanese. Hong Kong-based Zeroth, an AI-focused startup accelerator, announced on Monday it has entered into a strategic partnership with Tokyo-based Deepcore, a Softbank-backed VC firm and incubator focused on AI startups. Through this alliance, the two companies will share their deal flow and information regarding investment in Japan and Asia. They will also cooperate with the entrepreneurial communities of each market. Zeroth Partner and CEO Tak Lo, whose previous work includes Director of TechStars in both New York and London, launched the accelerator in Hong Kong in 2016. Until now, three batches have turned out 33 companies, and AI startups from Japan such as Foxsy and Laboratik have participated. As of June 2018, the cumulative amount procured by the graduates is over 300 million yen (about $2.7M US). Lo said in an interview with The Bridge that Zeroth received physical and resource support from Deepcore due to this alliance, but did not disclose whether Deepcore had invested in Zeroth. Zeroth is currently accepting applications for its fourth batch, and from now is starting programs in Tokyo and Bangalore, India, in addition to Hong Kong. Deepcore’s incubation facility Kernel Hongo looks to be a promising space…

Image credit: Masaru Ikeda

See the original story in Japanese.

Hong Kong-based Zeroth, an AI-focused startup accelerator, announced on Monday it has entered into a strategic partnership with Tokyo-based Deepcore, a Softbank-backed VC firm and incubator focused on AI startups. Through this alliance, the two companies will share their deal flow and information regarding investment in Japan and Asia. They will also cooperate with the entrepreneurial communities of each market.

Zeroth Partner and CEO Tak Lo, whose previous work includes Director of TechStars in both New York and London, launched the accelerator in Hong Kong in 2016. Until now, three batches have turned out 33 companies, and AI startups from Japan such as Foxsy and Laboratik have participated. As of June 2018, the cumulative amount procured by the graduates is over 300 million yen (about $2.7M US).

Lo said in an interview with The Bridge that Zeroth received physical and resource support from Deepcore due to this alliance, but did not disclose whether Deepcore had invested in Zeroth.

Zeroth is currently accepting applications for its fourth batch, and from now is starting programs in Tokyo and Bangalore, India, in addition to Hong Kong. Deepcore’s incubation facility Kernel Hongo looks to be a promising space for use during the expansion and Demoday of Zeroth’s program in Tokyo.

See also:

Zeroth Partner and CEO Tak Lo
Image credit: Zeroth

Prior to this tie-up, Hajime Hotta, CTO of Cinnamon, an AI startup from Japan, recently became a Zeroth Partner. Although he has been a mentor since its establishment, it appears he is involved in the overall operation of Zeroth, making full use of his knowledge and networks throughout Southeast Asia.

Hotta said in an interview with The Bridge that because of the alliance between Zeroth and Deepcore it will be easier for startups outside of Japan to reach the Japanese market in terms of business development and opportunities created, and likewise for Japanese startups it will become easier to enter overseas markets.

In addition to Hotta, Zeroth announced that Paul Pheby, who has been involved in numerous famous banks and mainly invests in Seoul and Hong Kong, also joined as a new Partner.

Kernel Hongo, operated by Deepcore in collaboration with WeWork
Image credit: Deepcore

Deepcore CEO Katsumasa Niki said the following in a statement to the press.

We regard this partnership with Zeroth as an important step to expand the boundary of our capability. Zeroth’s international perspective will provide us with a significant advantage to inspire entrepreneurs in Japan to address globally momentous issues with the power of AI. We are excited to pursue a shared vision with Zeroth.

Zeroth CEO Tak Lo had the following comments to share.

We are humbled to work with DEEPCORE, with whom we share a vision of the future of AI, its impact on technology businesses, and its opportunity to solve humanity’s great problems. Together we will work closely to realize that vision, and support AI founders across the world and specifically in Japan.

In December of last year, Zeroth raised $766,000 US in its first round from Animoca Brands (Australia Stock Exchange: AB1), which is a Hong Kong-based company that provides mobile games and subscription products. This year, Animoca Brands acquired 67% of the shares (a de facto merger) of Venture Classic Limited managed by Zeroth, and at the same time promised a capital contribution of $2 million US to Zeroth’s investment corporation Zeroth SPC, which became separate. Hong Kong’s financial conglomerate Sun Hung Kai also has a memorandum of understanding to make a direct investment in Zeroth SPC or startups it has invested in.

Translated by Amanda Imasaka
Edited by Masaru Ikeda

How Japanese startups can help digital transformation efforts of Thai enterprises

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This guest post is authored by Hiroko Mamoto, Public Retalations at Bangkok-based recruiting platform startup TalentEx. Some of our coverage about TalentEx can be found here and there. See the originl story in Jaapnese. In partnership with Omise and Abeja – two outstanding and rapidly-growing startups in Southeast Asia led by Japanese entrepreneurs, the Japanese embassy in Thailand recently hosted a conference called Digital Transformation Summit (DX Summit for short) at the headquarters of Thai top property developer Ananda Development. The conference is a part of “Open Innovation Columbus (OIC)” through which the Japanese government and Thai conglomerates encourage strategic alliances between innovative Japanese startups and the Thai conglomerates. Approximately 50 representatives from 30 Thai conglomerates participated in the first summit, along with 30 representatives from 30 major companies from Japan. In addition to government officials and media from both countries, Global Brain CEO Yasuhiko Yurimoto and KK Fund General Partner Koichi Saito also participated. See also: Columbus charts course (Bangkok Post) Thailand, Japan join hands to develop local startups (Bangkok Post) เอกอัครราชทูตญี่ปุ่นประจำประเทศไทยสนับสนุน Start-up ญี่ปุ่น ลงทุนในไทย (Royal Thai Government) OIC was launched with the goal of developing successful Japanese startups around the world and to meet the demand for state-of-the-art…

Hiroko Mamoto

This guest post is authored by Hiroko Mamoto, Public Retalations at Bangkok-based recruiting platform startup TalentEx.

Some of our coverage about TalentEx can be found here and there.

The participants of the DX Summit. Japan’s Ambassador to Thailand Shiro Sadoshima stands in the center.
Image credit: Hiroko Mamoto

See the originl story in Jaapnese.

In partnership with Omise and Abeja – two outstanding and rapidly-growing startups in Southeast Asia led by Japanese entrepreneurs, the Japanese embassy in Thailand recently hosted a conference called Digital Transformation Summit (DX Summit for short) at the headquarters of Thai top property developer Ananda Development. The conference is a part of “Open Innovation Columbus (OIC)” through which the Japanese government and Thai conglomerates encourage strategic alliances between innovative Japanese startups and the Thai conglomerates.

Approximately 50 representatives from 30 Thai conglomerates participated in the first summit, along with 30 representatives from 30 major companies from Japan. In addition to government officials and media from both countries, Global Brain CEO Yasuhiko Yurimoto and KK Fund General Partner Koichi Saito also participated.

See also:

OIC was launched with the goal of developing successful Japanese startups around the world and to meet the demand for state-of-the-art technology from the conglomerates lead by ASEAN. The Japanese government serves as mediator between the concerned parties, providing enriching support content such as matching and follow-ups, funds for expanding business in Thailand, and mentoring with Japanese entrepreneurs on the ground in Thailand.

Naoki Tonogi, CEO of Abeja Singapore
Image credit: Hiroko Mamoto

The theme of this year’s DX Summit was AI (artificial intelligence) and blockchain, and one aim was to have designated knowledgeable persons assist the representatives from Thai conglomerates in gaining a deeper understanding of digital technology. Abeja Singapore Representative Naoki Tonogi and Omise Holdings CEO Jun Hasegawa served as speakers during the seminar.

Tonogi spoke passionately about technology up to present day that did not yet have AI, and how AI is innovative by answering the straightforward question, “What is AI?” He also introduced practical examples of AI provided by Abeja, and based on those, he discussed the future of AI technology and market considerations.

Jun Hasegawa, CE of Omise Holdings
Image credit: Hiroko Mamoto

Hasegawa in turn used an explanation of products offered by Omise to showcase concrete examples of how blockchain can be used. His explanation included a basic outline, as well as the characteristics and merits of blockchain technology, and participants gains further understanding through question and answer time.

See also:

Japan’s Ambassador to Thailand, Shiro Sadoshima, imparted these words following the DX Summit.

I anticipate positive results through the cooperation of the decidedly flexible Thai companies and the technology and speed of Japanese startups.

Omise’s Hasegawa, who also serves as Chairman of the Japan-ASEAN Innovation Support Network (JAIS) [1] , related the following.

Just through breaching language barriers/ culture barriers/ market barriers, the methods of doing business can be improved. This is why, even as an entrepreneur myself who can understand the pain of doing business abroad, I’d like to continue to support events such as this which provide a space to connect with local companies.

Prior to the OIC, Sadoshima meets with Thai Prime Minister Kobsak Pootrakool to discuss cooperative relations

Prior to the OIC, Japanese Ambassador Sadoshima meets with Thai Prime Minister Kobsak Pootrakool to discuss cooperative relations.
Image credit: Office of the Prime Minister, Thailand

Representatives from the Thai conglomerates also shared their positive impressions of the seminar.

Thanapong Na Ranong, First Senior Vice President of Kasikornbank / Managing Director of Kasikornbank’s investment arm Beacon Venture Capital, says,

I am very excited about this event and any future efforts. As the cultures of Japan and Thailand are very close, I expect good outcomes. After listening to today’s seminar, I’d like to try out the technologies with robots first.

Lena Ng, Chief Investment Officer at Amata Corporation, says,

We are developing a smart city in an industrial area, and there are many Japanese companies in the industrial area managed by our company. We believe we can use AI and blockchain technology to develop smart business in our industrial area, and this is why we’d like to incorporate it.

OIC plans to hold pitch events and arrange matching opportunities for Thai conglomerates and Japanese startups within the year.

Translated by Amanda Imasaka
Edited by Masaru Ikeda


  1. There are separate organizations for each country under JAIS: JTIS (Japan-Thailand), JMIS (Japan-Malaysia), JVIS (Japan-Vietnam), JIIS (Japan-Indonesia), JPIS (Japan-Philippines), JSIS (Japan-Singapore). For more information on the initiations of the first organization, JTIS, please see here.

Japan’s Open8 raises $13M, launches AI-powered video creation tool for business

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  See the original story in Japanese. There are many “seeing is believing” cases in reality; children smiling while participating in a social activity, a small restaurant’s much-vaunted new menu, or marketing documents and employee training manuals that are difficult to explain with words. A cloud solution which can realize these things was launched this month. The keyword for the service is AI (artificial intelligence). Tokyo-based Open8, providing the LeTronc video magazine and some video ad network services, earlier this month launched the AI-powered video creating SaaS (software as a service) named Video Brain.It charges 150,000 yen (about $1,300) monthly, in addition to requiring an annual contract for allowing users to create 20 videos a month maximum. At the same time the company announced it had raised money from WiL (World Innovation Lab) and Mirai Sousei Fund (by SPARX Group). The raised amount is 1.5 billion yen (about $13 million) and the investment ratio was not disclosed. The total secured amount of Open8 reached 4 billion yen (about $36 million). The firm also announced that it had invited Hiroto Ebata who is known for marketing promotion activities of Coca Cola Japan as its video business advisor. See also: Open8, Japan’s…

 

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Video Brain
Image credit: Open8

See the original story in Japanese.

There are many “seeing is believing” cases in reality; children smiling while participating in a social activity, a small restaurant’s much-vaunted new menu, or marketing documents and employee training manuals that are difficult to explain with words. A cloud solution which can realize these things was launched this month.

The keyword for the service is AI (artificial intelligence). Tokyo-based Open8, providing the LeTronc video magazine and some video ad network services, earlier this month launched the AI-powered video creating SaaS (software as a service) named Video Brain.It charges 150,000 yen (about $1,300) monthly, in addition to requiring an annual contract for allowing users to create 20 videos a month maximum.

At the same time the company announced it had raised money from WiL (World Innovation Lab) and Mirai Sousei Fund (by SPARX Group). The raised amount is 1.5 billion yen (about $13 million) and the investment ratio was not disclosed. The total secured amount of Open8 reached 4 billion yen (about $36 million). The firm also announced that it had invited Hiroto Ebata who is known for marketing promotion activities of Coca Cola Japan as its video business advisor.

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The Video Brain platform has developed for enterprise users based on the LeTronc auto-video creation engine LeTronc AI which was launched last October. Analyzing user’s viewing patterns based on retrieval query and others, LeTronc AI automatically edits enormous number of video/  photo materials to match them with each desired scene. With this engine, the firm has been creating and providing 1,000 videos monthly with just 70 staffers.

The platform provides the necessary solution especially focusing on video material editing. Specifically, users upload video / photo materials and a manuscript (text) of the story from browser and choose a template. The platform recognizes the meaning of each uploaded content, and automatically matches them and edits a video content.

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Video Brain’s dashboard
Image credit: Open8

There were already similar services for video creation, but users had to input materials manually and edit the text themselves. The platform eliminated the need for all of these processes. As I took a look at the demonstration, it seemed fantastic that all materials were uploaded just by drag-and-drop and then a video was created by one-click only. The firm began test operation targeting enterprise users this June; it is used for creating video material for news in a major newspaper company or employee training video / sales proposal materials in a restaurant chain.

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Open 8 Yukou Takamatsu

The topics of auto-video creation had come up frequently. For example, I have heard of a concept combining crowdsourcing and AI such as auto-creation / suggestion of subtitle, and that seems to be close to the platform

What matters here is the quality of created products. To be honest, the platform cannot do everything. As Open 8 CEO Yukou Takamatsu mentioned, this service has works in and out of its line. It is good at video creation in which atmosphere is valued such as image video advertisement but weak at video editing in which strict content is required such as business manuals. However, Takamatsu said that he aims to change the communication of enterprises by launching this solution:

Clients with huge budget can focus on planning and photographing so that they can create high-quality videos, of course. However, small retailers or intra-company communication are lacking in such power.

For example, a restaurant chain has been carrying out social contribution activities (corporate social responsibility; CSR) with its team consisting of a few members. They have many photo / video materials about underprivileged children, but it takes much time to edit them. It would cost hundreds of thousands of yen if ordering video editing production.

I thought that the speed of business and the quality of intra-company communication would be improved by making this process efficient. The information which was hard to be understood turns into something providing a strong impression. I would like to meet such requests from companies.

The firm has its R&D department in Singapore, and will conduct development of AI, speech recognition / transcription function and improvement of editing accuracy.

Translated by Taijiro Takeda
Edited by “Tex” Pomeroy

Japan’s Metro Engines raises $6.3M, offers hotels with AI-powered pricing optimization

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See the original story in Japanese. Tokyo-based Metro Engines, the Japanese startup offering Dynamic Pricing functions for hotels leveraging Deep Learning-powered demand forecast, announced today that it has raised 700 million yen (about $6.3 million US) from SBI Investment, NEC Capital Solution, Evolable Asia, JR East Start Up, Tap, Vector, Venture Labo Investment and Kiyohiro Sugashita. The latest funding follows the previous one raising estimated several million US dollars from Beenos back in December of 2016. Metro Engines will use the funds to increase the number of engineers and data scientists up to about 100, aiming to improve the accuracy of the dynamic pricing technology and accelerate business expansion using it. Metro Engines has developed a tool that allows hotel to set pricing leveraging Artificial Intelligence and Deep Learning based on real-time Big Data. It collects Big Data regarding booking behaviors of hotel guests, and provides AI-powered analysis and optimized room pricing based on real-time data. By repeatedly verifying whether or not the suggested pricing is appropriate with Deep Learning, it can help hotels improve work efficiency and customer’s experience as well as reduce cost. The company claims dozens of notable hotel chains in Japan have decided to adopt it….

See the original story in Japanese.

Tokyo-based Metro Engines, the Japanese startup offering Dynamic Pricing functions for hotels leveraging Deep Learning-powered demand forecast, announced today that it has raised 700 million yen (about $6.3 million US) from SBI Investment, NEC Capital Solution, Evolable Asia, JR East Start Up, Tap, Vector, Venture Labo Investment and Kiyohiro Sugashita.

The latest funding follows the previous one raising estimated several million US dollars from Beenos back in December of 2016. Metro Engines will use the funds to increase the number of engineers and data scientists up to about 100, aiming to improve the accuracy of the dynamic pricing technology and accelerate business expansion using it.

Metro Engines has developed a tool that allows hotel to set pricing leveraging Artificial Intelligence and Deep Learning based on real-time Big Data. It collects Big Data regarding booking behaviors of hotel guests, and provides AI-powered analysis and optimized room pricing based on real-time data. By repeatedly verifying whether or not the suggested pricing is appropriate with Deep Learning, it can help hotels improve work efficiency and customer’s experience as well as reduce cost. The company claims dozens of notable hotel chains in Japan have decided to adopt it.

Metro Engines won the top award at Demo Day of IBM BlueHub’s Open Innovation Program Inbound Travel back in May of 2017. Their competitors include Sora, the Japanese startup behind AI-powered pricing strategy support platforms for hotels called Hotel Hanzuke and MagicPrice.

via PR Times

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy

Meet six teams from Mitsubishi UFJ’s 3rd acceleration batch in Tokyo

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See the original story in Japanese. Mitsubishi UFJ Financial Group (MUFG), a bank holding company with its core commercial banking subsidiary The Bank of Tokyo-Mitsubishi UFJ, last month held the Demo Day for MUFG Digital Accelerator 3rd batch in Tokyo. Six teams that passed the selection had participated in the program and been working on improvements in order to brush up for their services, upon receiving support from mentors over a four-month period starting April of 2018 based on the co-working space The Garage in Nihonbashi-Kabutocho, Tokyo. In the Demo Day, the teams’ four-month results were showcased to MUFG Group staffers, Venture Capital and media for the first time, to be examined based on four evaluation items: degree of innovation, user benefit, business potential and synergy with MUFG. The highly evaluated teams were given support grants and supplemental awards. The judges for the Demo Day were as follows: Hironori Kamezawa (Chief Digital Transformation Officer, MUFG) Souichi Kariyazono (Managing Partner, Globis Capital Partners) Muneki Handa (CEO, Mitsubishi UFJ Capital) Yoshiaki Murakami (Executive Research Director, Mitsubishi Research Institute) In addition, all six teams were given PR Times award (free use right of the press release distribution service PR Times for one years)…

See the original story in Japanese.

Mitsubishi UFJ Financial Group (MUFG), a bank holding company with its core commercial banking subsidiary The Bank of Tokyo-Mitsubishi UFJ, last month held the Demo Day for MUFG Digital Accelerator 3rd batch in Tokyo.

Six teams that passed the selection had participated in the program and been working on improvements in order to brush up for their services, upon receiving support from mentors over a four-month period starting April of 2018 based on the co-working space The Garage in Nihonbashi-Kabutocho, Tokyo.

In the Demo Day, the teams’ four-month results were showcased to MUFG Group staffers, Venture Capital and media for the first time, to be examined based on four evaluation items: degree of innovation, user benefit, business potential and synergy with MUFG. The highly evaluated teams were given support grants and supplemental awards.

The judges for the Demo Day were as follows:

  • Hironori Kamezawa (Chief Digital Transformation Officer, MUFG)
  • Souichi Kariyazono (Managing Partner, Globis Capital Partners)
  • Muneki Handa (CEO, Mitsubishi UFJ Capital)
  • Yoshiaki Murakami (Executive Research Director, Mitsubishi Research Institute)

In addition, all six teams were given PR Times award (free use right of the press release distribution service PR Times for one years) as a supplemental prize.

See also:

Top-award winner / AWS Award winner: Lendy by Credit Engine

  • Mentor: Yasuhiro Yoshizawa (Inclusion Japan), Kotaro Sasamoto (Dentsu Ventures)
  • Grand Prix supplemental prize: Business support grant 2 million yen
  • AWS Award supplemental prize: Amazon Echo

Credit Engine provides a small-lot loan service Lendy as short-term emergency funds or operation funds targeting SMEs (small and medium-sized enterprises) / sole proprietors. Through cooperation with external web services and utilization of machine learning, its own risk evaluation system and quick application receiving / credit screening became available, so that the firm focuses on needs for funding which cannot be covered by conventional banks and financial organizations.

Credit Engine also developed a platform allowing external financial organizations to provide online lending service. This platform is specialized for online lending and enables bank users to reduce a burden of operation work in various introduction patterns according to their existing financing works flexibly.

Credit Engine revealed that it conducts PoC (proof of concept) at the MUFG-affiliated money lending company Acom and is expected to acquire new customers. Credit Engines will cooperate with MUFG Bank, and it is the first client of the platform.

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Runner-up: MDR

  • Mentor: Kengo Ito (D4V), Akira Kurabayashi (Draper Nexus)
  • Supplemental prize: business support grant 500,000 yen

Quantum computers to perform high level computation is classified roughly into special-purpose machine and general-purpose machine. MDR exhibits a Python-based SDK (software development kit) supporting special-purpose machine free of charge, allowing anyone to experience quantum computing easily.  Through the participation in this acceleration program, the MDR team commented that it became possible to assess the influence on operations of banks / investment banks / investment trusts and to determine the area in present operations that quantum computing can or cannot be introduced.

In addition, MDR developed an OS for special-purpose quantum computer that allows easy development of quantum computing app without specialized knowledge. To deal with problems that cannot be solved by special-purpose quantum computer, MDR concluded an agreement with MUFG Bank on joint development of general-purpose computer. The firm plans to develop OS for general-purpose computer and aims to establish an environment where special-purpose / general-purpose quantum computing can be easily introduced into every operation of the financial industry.

Runner-up: Remitis by Restar

  • Mentor: Shinji Asada (Salesforce Ventures) and Jun Nakajima (Archetype)
  • Supplemental prize: business support grant 500,000 yen

The real estate startup Restar develops information search / analysis platform Remetis targeting enterprises dealing with real estate investment. The market size of real estate fund is huge in Japan and the total amount of managed asset is estimated to be 33 trillion yen (about $290 billion), but the firm pointed out that the available information to manage real estate efficiently is insufficient. For example, to acquire essential information to manage a certain real estate properly such as surrounding conditions of room availabilities or market prices of rent, gathering online data from more than 100 websites and even from paper-based data is a must.

With Remetis, users can acquire such information in one-stop and upload rent income / expense data automatically. It also acquires development situation data of competitors and creates summary chart or report automatically. In cooperation with MUFG Bank, Restar verified whether Remetis can automate asset evaluation / rating works for the bank’s loan customers.

Audience Award / Microsoft Azure Award / DEJIMA Award winner: Orphe Track by No New Folk Studio

  • Mentor: Joh Konno (Globis Capital Partners), Kotaro Sasamoto (Dentsu Ventures)
  • Microsoft Azure supplemental prize: use right of Microsoft Visual Studio Enterprise for one year
  • DEJIMA Award supplemental prizes: member user right of DEJIMA, event-holding right, novelty T-shirts

No New Folk Studio develops the smart shoes Orphe mounted with LED light and motion sensor. It was an epochal decision that the firm known for an IoT (Internet of Things) startup or a hardware startup aims to collaborate with the financial organization.

The firm develops the smart shoes Orphe Track that a small-sized device can be inserted into its insole, enabling foot data collection linking with a mobile app. Focusing on the fact that not a few runners injure their knees while running, the firm realized an unique analysis method of runners’ landing by using its own algorithm based on running data acquired from the shoes, without requiring any expensive sensors unlike conventional methods.

CEO Kikukawa was inspired by the data published from the Japanese Ministry of Land, Infrastructure and Transport that a step a day reduces medical cost by 0.065 – 0.072 yen (about 0.06 cent). He applied for this accelerator program aiming to construct an ecosystem where users can have benefits through personal foot data collection. The firm also developed a platform in which coins are accumulated by running, tying up with the blockchain startup Zerobillbank and others.

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AndGo

  • Mentor: Noriaki Sakamoto (The University of Tokyo Edge Capital), Yasuhiro Yoshizawa (Inclusion Japan)

AndGo takes on research and development of technologies related to encryption, blockchain and hardware wallet and has been developing a cold wallet in which cryptocurrency can be saved.

Generally, the security of user-owned cryptocurrency can be maintained by saving it in cold wallet without depositing it in an exchange, but there are still some issues in utility such as users having to memorize a lot of secret words.

AndGo realizes restoring core for both utility and safe use, cryptocurrency transfer method with QR code and multi-component authentication by a combination of smartphone and cold wallet. The firm plans to start sales of the cold wallet earlier next year. After the pitch, the firm discussed technical issues with the staffers of Kabu.com and Paygent affiliated by MUFG.

Signal by Factbase

  • Mentor: Kenichiro Hara (DCM Ventures)

Factbase develops the information portal focusing on cryptocurrency named Signal with two key functions; Signal Board is a market forecast function with web-based dashboard and Signal Alert notifies users by LINE when an event that may have a significant impact on the cryptocurrency market occurs.

In contrast to the stock and exchange market based on legal tender, the cryptocurrency market is much influenced by information disseminated online. By understanding contexts and by arranging miscellaneous information using Big Data and AI (artificial intelligence), Signal realizes a system to provide information correctly to users.

The firm plans to distribute its first premium content that exhibits BTC FX (Bitcoin foreign exchange) trading techniques with actual examples, and users can subscribe to it for 10,000 yen since July 30th.

See also:

Translated by Taijiro Takeda
Edited by “Tex” Pomeroy

Japan’s Spectee, news video aggregator for press, ready for North America expansion

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This is a guest post authored by “Tex” Pomeroy. He is a Tokyo-based writer specializing in ICT and high technology. Spectee, at an OrangeFab meetup in Tokyo outlining the program in Asia, noted that from September it will start expanding its presence abroad — most likely in the U.S. which has been the amateur-based newsfeed firm’s largest market. Founder & CEO Kenjiro Murakami worked at a Silicon Valley major prior to starting up Spectee, under a different name. The Tokyo firm is a second batch (the first which covered Japan, Korea and Taiwan) graduate of the accelerator run by the European telecom concern Orange. Spectee will showcase its service at an Austin, Texas confab next month to mark the launch of its active foray into North America. Many competing services are headquartered on this continent. The Japanese startup not only handles copyright management issues for the image data but applies Artificial Intelligence (AI) upon finding and matching the requisite data. It was underscored that by 2020 the Internet will be some 44 ZB (zettabytes) of information floating out on cyberspace, beyond the capacity of a normal human brain alone to thresh through. See also: Japan’s social news aggregator for press…

This is a guest post authored by “Tex” Pomeroy. He is a Tokyo-based writer specializing in ICT and high technology.


Spectee CEO Kenjiro Murakami introduces his service at a recent OrangeFab Asia meet-up.
Image credit: “Tex” Pomeroy

Spectee, at an OrangeFab meetup in Tokyo outlining the program in Asia, noted that from September it will start expanding its presence abroad — most likely in the U.S. which has been the amateur-based newsfeed firm’s largest market. Founder & CEO Kenjiro Murakami worked at a Silicon Valley major prior to starting up Spectee, under a different name.

The Tokyo firm is a second batch (the first which covered Japan, Korea and Taiwan) graduate of the accelerator run by the European telecom concern Orange. Spectee will showcase its service at an Austin, Texas confab next month to mark the launch of its active foray into North America. Many competing services are headquartered on this continent.

The Japanese startup not only handles copyright management issues for the image data but applies Artificial Intelligence (AI) upon finding and matching the requisite data. It was underscored that by 2020 the Internet will be some 44 ZB (zettabytes) of information floating out on cyberspace, beyond the capacity of a normal human brain alone to thresh through.

See also:

Spectee is currently working with Associated Press (AP) among other press organizations to disseminate its visual newsfeed network. Its system is also armed with multiple patents, which is rare for a startup with less than ten years of history, to be applied in expanding into new areas beyond the news field.

In addition to the Spectee talk, OrangeFab outlined its past efforts and announced it was ready to accept applications for the next program term from entrepreneurs. Creww also provided a spiel about the venue it runs (dubbed “docks”), which is a mid-Tokyo open innovation incubation and coworking space near Tokyo Tower, being used for the event series.

Earlier last month, Uzabase — offering the NewsPicks service and tied up with Dow Jones in the U.S. — announced its intention to buy digital-only business news service Quartz from Atlantic Media. Assuming the approximately month-long U.S. government approval goes smoothly, the Tokyo company can expect to be the new Quartz provider.