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Japan’s Spectee files patents for news writing bot

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See the original story in Japanese. Tokyo-based Spectee, the Japanese startup behind the artificial intelligence(AI)-powered platform offering news materials based on social media analytics, revealed on Monday that they have filed for two patents applications for automated creation of straight news stories to the Japan Patent Office (JPO). Upon being granted the patents by JPO, the technologies related to the high precisioning  / processing of image recognition and natural language analysis using deep learning, and collection of equivalents to the so-called Five Ws from an average of 4-5 social media posts make it  possible to automatically generate straight news stories of about 300 characters. When incidents occur in urban areas and more than 10 posts are likely to be gathered in relation to it they can complete a sufficiently accurate article. See also: Japan’s social news aggregator for press Spectee announces Asian, US expansion In the field of AI-powered news writing, in 2016 the Associated Press started using Automated Insights’ WordSmith to create news articles on sports scores and made headlines. In Japan, Nagoya’s The Mid-Japan Economist, in collaboration with Datasection and Bit A, posted article created by AI; additionally, the Nikkei online edition worked together with the Institute of…

Image credit: maxuser / 123RF

See the original story in Japanese.

Tokyo-based Spectee, the Japanese startup behind the artificial intelligence(AI)-powered platform offering news materials based on social media analytics, revealed on Monday that they have filed for two patents applications for automated creation of straight news stories to the Japan Patent Office (JPO).

Upon being granted the patents by JPO, the technologies related to the high precisioning  / processing of image recognition and natural language analysis using deep learning, and collection of equivalents to the so-called Five Ws from an average of 4-5 social media posts make it  possible to automatically generate straight news stories of about 300 characters. When incidents occur in urban areas and more than 10 posts are likely to be gathered in relation to it they can complete a sufficiently accurate article.

See also:

In the field of AI-powered news writing, in 2016 the Associated Press started using Automated Insights’ WordSmith to create news articles on sports scores and
made headlines. In Japan, Nagoya’s The Mid-Japan Economist, in collaboration with Datasection and Bit A, posted article created by AI; additionally, the Nikkei online edition worked together with the Institute of Language Understanding and Professor Yutaka Matsuo of the University of Tokyo to begin a Financial Summary service written by news bots. Even among Japanese startups, teams have been emerging to tackle the theme of automatically  creating articles using AI.

Spectee was founded in February of 2014 (previously Euclid Lab), and it graduated in October 2015 from the 11th batch of Open Network Lab’s incubation program. In July of 2016, they raised an undisclosed sum of funds in a series A round from Fuji Startup Ventures and a Japanese surveillance camera company, as well as Mizuho Capital.  The Spectee platform, which obtains the rights to content collected from social media and provides it as news material to the mass media and companies, has been adopted by about 100 media companies and publishers across Japan.

Translated by Amanda Imasaka
Edited by Masaru Ikeda

Tokyo VR Startups holds 2nd batch demo day, announces expansion into Nordic region

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See the original story in Japanese. Tokyo VR Startups, the startup incubator focusing on VR (Virtual Reality) that is organized by Japanese mobile game developer Gumi (TSE:3903) of Japan, held last month a Demo Day for its 2nd batch in Tokyo. It became a big event with nine participant teams; four teams from the incubation 2nd batch, four teams from the Korean startup incubator Seoul VR Startups which has special ties with Tokyo VR Startups, and a team from The Venture Reality Fund (The VR Fund) in which Gumi is also invested. In this article, I introduce in particular the four Japanese startup teams. See also: The Bridge’s guide to VR hotspots in Tokyo (2017 new year edition) Cover Tokyo-based Cover, which recently made a pitch regarding a VR game “Ping Pong League” at Tech Lab Paak 7th batch Demo Day, appeared this time with another product under the same name of Cover. It is the VR distribution platform enabling users to remake (“cover”) songs or dances attained with a combination of live distribution and animation. With this platform, users with head-mounted display can perform as getting into animation characters in the virtual space. Speaking of VR games, “Summer Lesson”…

See the original story in Japanese.

Tokyo VR Startups, the startup incubator focusing on VR (Virtual Reality) that is organized by Japanese mobile game developer Gumi (TSE:3903) of Japan, held last month a Demo Day for its 2nd batch in Tokyo. It became a big event with nine participant teams; four teams from the incubation 2nd batch, four teams from the Korean startup incubator Seoul VR Startups which has special ties with Tokyo VR Startups, and a team from The Venture Reality Fund (The VR Fund) in which Gumi is also invested.

In this article, I introduce in particular the four Japanese startup teams.

See also:

Cover

Tokyo-based Cover, which recently made a pitch regarding a VR game “Ping Pong League” at Tech Lab Paak 7th batch Demo Day, appeared this time with another product under the same name of Cover. It is the VR distribution platform enabling users to remake (“cover”) songs or dances attained with a combination of live distribution and animation. With this platform, users with head-mounted display can perform as getting into animation characters in the virtual space.

Speaking of VR games, “Summer Lesson” launched by Bandai Namco has been well received in Japan. In China, YY Music is focusing on live streaming services. The Cover team expects its business model in line with the subscriptions system from audiences as with Showroom provided by Japan’s DeNA, so that distributed videos are available to browse on PC or smartphone in addition to head-mounted display.

In the future, the team aims to add various functions, such as editing hair style or costume of animation characters, setting 360-degree video or photos photographed by users as the background image, or sharing captured images in the game streaming or the white boards.

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Gatari

In the days of the pager/beeper, people communicated using numbers, symbols and texts. As devices have evolved from the feature phone to the smartphone, communication methods have changed into a richer style, says Shunichi Takeshita who is CEO of Gatari and the first representative of the VR user society UT-virtual at the University of Tokyo. Gatari strives to create communication methods and devices in the MR (Mixed Reality) era, and aims to realize it in the VR world in advance.

Gatari images that send voice messages in actual spaces will become common by replacing today’s conventional text typing as a communication method in the VR, the AR (Augmented Reality) and the MR era. As a first step during this incubation term, the team completed technology development such as text input by voice recognition, translated output into the conversation partner’s language and keyword auto-extractor in conversation. In the future, the team aims to develop a view-sharing function with a communication partner.

HoloEyes

HoloEyes aims to make an information revolution in the medical field using VR. Its technology will be helpful for the medical world by sharing information of human bodies in 3DVR form. The medical VR database will be constructed through collection of CT scan data and forming 3D human body models, then accumulating these.

If a search on the terms “male, 60s, prostate cancer” is made, 3D images of matched cases will be output. Doctors can utilize them for diagnosis references of similar cases or training upon surgical operations. The team expects a business model providing VR viewers for hospitals and selling collected data after obtaining patients’ consent to medical colleges or pharmaceutical companies.

JollyGood

JollyGood was founded by Kensuke Joji, who had originally worked in the TV broadcaster industry and been involved in producing events such as Wearable Tech Expo held in Tokyo, and last year launched the VR solution named GuruVR Media Pro for the television program production industry. By 2019, simultaneous broadcasting in terrestrial network / Internet by television stations will be commenced in Japan and Joji expects that television will become a device to experience, not just to watch. On the other hand, there was no system to easily introduce VR content into television programs and that triggered him to develop this solution.

The business model of GuruVR Media Pro consists of the initial cost including installation and installation lecture charges and the running cost corresponding to quantities of content as well as downloads of CMS (Content Management System) which is required for VR content distribution. The team explains that VR content can be easily linked up with lands or spaces, and is compatible with local television stations. Viewers can handily try the content provided by television stations they are familiar with, and it will be differentiated by enabling them to have a “pseudo- experience” of various locations where common citizens are forbidden to enter.

In addition, JollyGood has been developing AI (Artificial Intelligence) services to determine automatically what is the image displayed in VR space. This February, the firm agreed to a business tie-up with UK-based Boris FX which develops Mocha, the post-production tool for VR content that prevents VR sickness. Collaborating Boris FX with a network of million VR engineers and the AI services developed by JollyGood, they plan to announce a launch of new services at the world’s biggest convention for visionary technologies, the NAB Show, held in Las Vegas on April 25th.

Incidentally, JollyGood had fundraised one million yen (about $900,000) from Gumi in August of 2016.


Image credit: Masaru Ikeda

At Slush Tokyo 2017 held in Tokyo last month, Gumi announced that it will commence Nordic VR Startups through a joint venture with Nordic Film, while Gumi has currently been providing VR startup incubation through Tokyo VR Startups and Seoul VR Startups.

Denmark-based Nordic Film is running a business focused on movie production, movie theater management and PlayStation distribution in Northern Europe. Nordic VR Startups provides 100,000 euro at most to startups from the Northern European region and encourages prototyping of VR products, as well as providing technical assistance and business support.

Prior to this, Gumi had also announced a cooperation with the Belgium-based VR developer community EUVR this January. Tokyo VR Startups started accepting applications for its incubation program 3rd batch, and the application deadline is May 14th.

Translated by Taijiro Takeda
Edited by “Tex” Pomeroy

AdAsia Holdings raises $12M from Jafco to expand ad and marketing platform into Japan, Korea

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See the original story in Japanese. AdAsia Holdings, offering video ad network and influencer marketing platform based in Southeast Asia, announced on Wednesday that it had raised $12 million from JAFCO Asia in its series A round. AdAsia Holdings was founded in April 2016 by Kosuke Sogo and Otohiko Koizumi. Prior to the startup, Sogo was successively appointed to CEO of MicroAd’s local subsidiaries in Southeast Asian countries while Kozutsumi was involved in the overseas business development of Japanese ad network startup Nobot (which was purchased by Mediba, an affiliate of KDDI in 2011) and an experienced COO of the Vietnamese local subsidiary of MicroAd. This announcement means that the firm succeeded in large-scale funding within one year after its foundation. AdAsia Holdings has been providing various ad services based on Southeast Asia: AdAsia Digital Platform having programmatic buying (data-driven automated ad inventory buying) and report management function, AdAsia Ad Network binding up local media in Southeast Asia, CastAsia acting as a matching platform for advertisers and influencers, as well as an online media site named Moments undertaking video production or showcasing past products. See also: AdAsia unveils ad network and management tool, enables programmatic buying for Asia Japanese AdTech experts to…

The core members of the AdAsia Holdings team

See the original story in Japanese.

AdAsia Holdings, offering video ad network and influencer marketing platform based in Southeast Asia, announced on Wednesday that it had raised $12 million from JAFCO Asia in its series A round.

AdAsia Holdings was founded in April 2016 by Kosuke Sogo and Otohiko Koizumi. Prior to the startup, Sogo was successively appointed to CEO of MicroAd’s local subsidiaries in Southeast Asian countries while Kozutsumi was involved in the overseas business development of Japanese ad network startup Nobot (which was purchased by Mediba, an affiliate of KDDI in 2011) and an experienced COO of the Vietnamese local subsidiary of MicroAd. This announcement means that the firm succeeded in large-scale funding within one year after its foundation.

AdAsia Holdings’ service menu (Click to enlarge)
Image credit: AdAsia Holdings

AdAsia Holdings has been providing various ad services based on Southeast Asia: AdAsia Digital Platform having programmatic buying (data-driven automated ad inventory buying) and report management function, AdAsia Ad Network binding up local media in Southeast Asia, CastAsia acting as a matching platform for advertisers and influencers, as well as an online media site named Moments undertaking video production or showcasing past products.

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Launched in Singapore and Bangkok, the firm currently has developed its business into seven cities in Southeast Asian countries, namely Jakarta, Hanoi, Ho Chi Minh City, Taipei and Phnom Penh, serving major online media or clients in each city. The number of total staffers is 80 and the half of these engaged in system development or creative work at the Bangkok subsidiary. In the future, the firm plans to shift the center of the system development to Vietnam where many highly skilled engineers live.

Sogo explains the reason for fundraising this time:

There was no urgent need for funding, since we achieved a primary surplus in the first year. But considering listing in the future, we have to procure capital from external sources sooner or later. Feeling ready to go upscale with the business, we decided to receive an injection of funds from JAFCO at this time.

AdAsia Holdings’ Bangkok office
Image credit: AdAsia Holdings

With this funding, the firm revealed that it is going to develop its business into East Asia from Southeast Asia. Concretely, the targeted region will probably encompass Japan and Korea. It was a blank area in the Southeast Asian market regarding the business field AdAsia Holdings deal with. As seeking the next market, Sogo noticed that the East Asian market is also undeveloped although appearing at first glance to have players gradually on the increase.

However, it is not difficult to imagine that AdAsia will compete with other video ad network pioneering in this field such as AppVador, Lodeo, Open8 or App-CM. Tokyo-based Withfluence, which recently announced a business tie-up with the leading Thai telecommunication company True, also can be called a competitor in terms of being an influencer marketing platform focusing on Asia. This tendency clearly shows the increase in market awareness and demand.

In the future, AdAsia Holdings plans to introduce a budget optimization or an auto-operation method utilizing AI (artificial intelligence) into entire platforms, and to maximize the ROI (return on investment) performance of planning for advertising publication or buying.

As Sogo mentioning the listing of its stock in the future, the team enhancement is progressing steadily. He implied that some of the big names or aces in the Japanese advertising industry have joined the team, but could not say who at this time due to various reasons. I will try interviewing again as occasion serves.

Translated by Taijiro Takeda
Edited by “Tex” Pomeroy

AI-powered fashion coordination app ties up with Japanese leading clothing store chain

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See the original story in Japanese. Tokyo-based Colorful Board, the Japanese startup offering a fashion coordination app leveraging artificial intelligence called Sensy, announced today that it has fundraised 800 million yen (about $7.2 million) from Mic, TSI Holdings (TSE:3608), and Vinx (TSE:3784). The latest funds means that the company has secured a total of more than 1.1 billion yen (about $9.9 million) since the launch. See also: Japanese startup invents fashion coordination app based on artificial intelligence Mic, one of the companies participating in this round, is a subsidiary of Haruyama Holdings which operates a leading men’s clothing store chain across Japan. Coinciding with funding, Mic also announced that it has partnered with TSI Holdings and Vinx. Colorful Board has been working on an AI-powered personalization marketing effort on fashion together with Haruyama Holdings, which is seeing a good result. In addition to strengthen the partnership, the company claims that they will start research and development on suggesting styling tips to users. Translated by Masaru Ikeda

See the original story in Japanese.

Tokyo-based Colorful Board, the Japanese startup offering a fashion coordination app leveraging artificial intelligence called Sensy, announced today that it has fundraised 800 million yen (about $7.2 million) from Mic, TSI Holdings (TSE:3608), and Vinx (TSE:3784). The latest funds means that the company has secured a total of more than 1.1 billion yen (about $9.9 million) since the launch.

See also:

Mic, one of the companies participating in this round, is a subsidiary of Haruyama Holdings which operates a leading men’s clothing store chain across Japan. Coinciding with funding, Mic also announced that it has partnered with TSI Holdings and Vinx.

Colorful Board has been working on an AI-powered personalization marketing effort on fashion together with Haruyama Holdings, which is seeing a good result. In addition to strengthen the partnership, the company claims that they will start research and development on suggesting styling tips to users.

Translated by Masaru Ikeda

Zeroth, Asia’s AI accelerator, ties up with Mind Fund startup studio for Japan expansion

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See the original story in Japanese. 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…

See the original story in Japanese.

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.

Edited by “Tex” Pomeroy

Japan’s Vinclu, holographic virtual assistant developer, acquired by Line

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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…

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:

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

Japanese mobile payments startup Coiney raises $7.1 million

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See the original story in Japanese. Tokyo-based Coiney, the Japanese mobile payments startup, announced today that it has completed a 800 million yen funding as the sum of investment from Innovation Network Corporation of Japan (INCJ), SBI Investment and Dentsu Digital Holdings (DDH) as well as bank borrowing from Seibu Shinkin Bank. Financial details of the deal such as the investment ratio and the payment date have not been disclosed. The company claims that it will use the funds to increase engineers as well as strengthen their sales and marketing team for expanding their payments solution and services: Coiney Terminal (smartphone-based payments solution for real stores), Coiney Payge (web-based payments solution for online transactions) in addition to Coiney Engine. Coiney Engine uses artificial intelligence to offer an evaluation of business enterprises based on the accumulation of payments history and various statistical data from the Coiney Terminal and Coiney Payge services. It is used to see the credibility of a company when they apply for business loans from banks partnering with the payments startup. See also: New partnerships announced in Japanese payments processing space Japanese payments startup Coiney looks back on key metrics from its first year Japanese mobile payment startup…

Coiney Payge now available in six languages.
Image credit: Coiney

See the original story in Japanese.

Tokyo-based Coiney, the Japanese mobile payments startup, announced today that it has completed a 800 million yen funding as the sum of investment from Innovation Network Corporation of Japan (INCJ), SBI Investment and Dentsu Digital Holdings (DDH) as well as bank borrowing from Seibu Shinkin Bank. Financial details of the deal such as the investment ratio and the payment date have not been disclosed.

The company claims that it will use the funds to increase engineers as well as strengthen their sales and marketing team for expanding their payments solution and services: Coiney Terminal (smartphone-based payments solution for real stores), Coiney Payge (web-based payments solution for online transactions) in addition to Coiney Engine.

Coiney Engine uses artificial intelligence to offer an evaluation of business enterprises based on the accumulation of payments history and various statistical data from the Coiney Terminal and Coiney Payge services. It is used to see the credibility of a company when they apply for business loans from banks partnering with the payments startup.

See also:

Translated by Masaru Ikeda

Japan’s Credit Engine closes $970K seed round for data-driven small business loans

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See the original story in Japanese. Tokyo-based FinTech startup Credit Engine announced on Monday that it raised 110 million yen (about $970,000 US) in total in a seed round. The company had raised 50 million yen (around $440,000 US) from Draper Nexus Ventures and Voyage Group (TSE:3688) in September of 2016, and as a result of the Financial Services Agency issuing them a business license for lending money necessary for their business development, this time around they procured 60 million yen (about $530,000 US) from 500 Startups and  500 Startups Japan as well as Freebit Investment, the investment arm of Japanese leading Internet service provider Freebit (TSE:3843). While the fundraising occurred on two separate occasions, in both cases the terms for funding (valuation, etc.) meet that of a seed round. In addition to this, the company announced the beta launch on the 30th for their online loan service Lendy. Credit Engine was established in July of 2016 by CEO Seiichiro Uchiyama (See above photo, the person on the right sitting in a chair) and CFO Tatsuki Inoue (Above photo, first person on the left). After a stint at Shinsei Bank, Uchiyama worked with an NPO offering financing support for small…

The Credit Engine team with investors
Image credit: Credit Engine

See the original story in Japanese.

Tokyo-based FinTech startup Credit Engine announced on Monday that it raised 110 million yen (about $970,000 US) in total in a seed round. The company had raised 50 million yen (around $440,000 US) from Draper Nexus Ventures and Voyage Group (TSE:3688) in September of 2016, and as a result of the Financial Services Agency issuing them a business license for lending money necessary for their business development, this time around they procured 60 million yen (about $530,000 US) from 500 Startups and  500 Startups Japan as well as Freebit Investment, the investment arm of Japanese leading Internet service provider Freebit (TSE:3843). While the fundraising occurred on two separate occasions, in both cases the terms for funding (valuation, etc.) meet that of a seed round. In addition to this, the company announced the beta launch on the 30th for their online loan service Lendy.

Credit Engine was established in July of 2016 by CEO Seiichiro Uchiyama (See above photo, the person on the right sitting in a chair) and CFO Tatsuki Inoue (Above photo, first person on the left). After a stint at Shinsei Bank, Uchiyama worked with an NPO offering financing support for small and mid-sized businesses in Sendai after the Tohoku earthquake, and then went on to get his MBA from UCLA. Until last year he was a manager in the Business Promotion Department at Japanese FinTech startup Money Forward. Inoue hails from Accenture, and has worked with Tokyo-based business incubation company Netage (now known as startup-focused VC firm United), among others. He also has experience starting his own mobile CRM service, leading to Yahoo Japan’s president office followed by managing a buyout fund, which had a hand in the formation of Credit Engine.

This makes it a so-called “neo-bank” in the field of financial inclusion, in the US Whole Foods Market (NASDAQ: WFM) provides loans to manufacturers, and in Indonesia there is a service in which Taralite cooperates with Uber’s API to offer loans to drivers dependent upon their earnings.

Lendy hopes to provide an environment where small and medium companies and individual business owners can borrow money in the event that funds are needed quickly so that they can concentrate on business management rather than cash flow. Currently, the service mainly covers restaurants, barber shops, hair salons, online shop operators, and the planned average loan amount per customer is 1.5 million yen (about $13,000 US) (maximum 10 million yen ≒ about $88,000 US). The average loan period is 3 months (maximum 1 year) and the interest rate is expected to be about 10-14% (the amount of the loan is specified at the beginning of service). As it is not so-called peer-to-peer lending, it appears Credit Engine obtains the funds necessary for lending from ordinary financial institutions, etc.

Even at FinTech events in Japan we have begun hearing of new financial inclusion services using artificial intelligence. Keep an eye out on The Bridge for more in the future.

Translated by Amanda Imasaka
Edited by Masaru Ikeda

Japan’s Studio Ousia unveils bot solution leveraging Quiz Bowl-winning technologies

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See the original story in Japanese. Tokyo-based Studio Ousia revealed last week that it had completed an AI (artificial intelligence) inquiry response system using deep learning named QA Engine and that the system was adopted to the auto-answering system of Japan’s cloud accounting system Freee as its first client. The system supports the questions-and-answers style and can hand over questions to human operators when users are dissatisfied with the answers. Freee expects an improvement in customer satisfaction and the efficiency of helpdesk works through the QA Engine adoption. Studio Ousia won an AI quiz competition in Quiz Bowl style at an international conference focused on natural language processing NAACL (North American Chapter of the Association for Computational Linguistics) held in San Diego last June. QA Engine was developed leveraging the competition-winning technologies. The firm plans to launch QA Engine as an API (application program interface) service of elemental technologies applicable to answer support system in call centers, human resource matching system or chatbot. See also: Japan’s Studio Ousia wins global NEEL Challenge competition with Entity Linking technology Japan’s Studio Ousia to launch new affiliate solution for bloggers Japan-based Phroni introduces smart add-ons for Dolphin and Sleipnir mobile browsers As recent…

Image credit: 123RF

See the original story in Japanese.

Tokyo-based Studio Ousia revealed last week that it had completed an AI (artificial intelligence) inquiry response system using deep learning named QA Engine and that the system was adopted to the auto-answering system of Japan’s cloud accounting system Freee as its first client. The system supports the questions-and-answers style and can hand over questions to human operators when users are dissatisfied with the answers. Freee expects an improvement in customer satisfaction and the efficiency of helpdesk works through the QA Engine adoption.

Studio Ousia won an AI quiz competition in Quiz Bowl style at an international conference focused on natural language processing NAACL (North American Chapter of the Association for Computational Linguistics) held in San Diego last June. QA Engine was developed leveraging the competition-winning technologies. The firm plans to launch QA Engine as an API (application program interface) service of elemental technologies applicable to answer support system in call centers, human resource matching system or chatbot.

See also:

As recent topics in this field, Japanese online shopping mall Lohaco’s inquiry response system named Manami-san, which was developed based on a chatbot Caiwa provided by Exiis-Lab, received attention by becoming able to cover one-third of all inquiries to its customer support service. AI developer AL+ (pronounced as “alts”) developed an API Rewritable Memory-based Retrieval (RMR) as a core technology of chatbot and launched a bot development environment AL+ BotFramework supporting LINE or Twitter too. Japan’s BPO (business process outsourcing) / call center service major TransCosmos (TSE:9715) invested in New York-based bot development environment startup Reply.ai this month, and announced that the firm is going to localize the platform for the Japanese market while focusing on introduction to customer support services of the Japanese enterprises.

Studio Ousia was founded through the Keio University SFC (Shonan Fujisawa Campus)’s incubation program, and launched a keyword autolink plugin for smartphone / browser named Phroni in 2012. The firm raised 70 million yen (about $610,000) from Nissei Capital in March of the same year in its series A round, and 100 million yen (about $870,000) from Tokyo-based system developer NID (TSE:2349) in August 2014.

Studio Ousia CEO Ikuya Yamada explains the base technologies of QA Engine at NAACL
Image credit: Jordan Boyd-Graber

Translated by Taijiro Takeda
Edited by “Tex” Pomeroy

“Health, Wealth and Fame”… Nevertheless, You Need Health to Begin with!

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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. As my late granny, a nurse by training, used to say, “Without Health, what use is Wealth or Fame?” – indeed, that is surely on many a mind as we enter 2017 and the “Year of the Cock” according to the Chinese calendar, with avian flu already in the air. A befitting confab focusing on health and medicine while looking at the Asian setting was held at the end of last year, reiterating the need to closely scrutinize this aspect of human life. Health 2.0, started in the U.S., was first brought to Tokyo in November of 2015 with support from MedPeer… but true to being “2.0” its second meeting (using two Tokyo location rather than all being at Toranomon Hills) saw redoubled efforts. There are other activities ongoing, such as the Digital Health Meetups organized by GREE Ventures, a cornerstone of the “health 2.0” purview, as one startup-backing example. Additionally, the Japanese firm MedPeer has been doing a remarkable job in carrying on the Health 2.0 Tokyo chapter well, as highlighted by their hosting a seminar in September of…

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


Image Credit: Health2.0 Asia-Japan

As my late granny, a nurse by training, used to say, “Without Health, what use is Wealth or Fame?” – indeed, that is surely on many a mind as we enter 2017 and the “Year of the Cock” according to the Chinese calendar, with avian flu already in the air. A befitting confab focusing on health and medicine while looking at the Asian setting was held at the end of last year, reiterating the need to closely scrutinize this aspect of human life. Health 2.0, started in the U.S., was first brought to Tokyo in November of 2015 with support from MedPeer… but true to being “2.0” its second meeting (using two Tokyo location rather than all being at Toranomon Hills) saw redoubled efforts.

There are other activities ongoing, such as the Digital Health Meetups organized by GREE Ventures, a cornerstone of the “health 2.0” purview, as one startup-backing example. Additionally, the Japanese firm MedPeer has been doing a remarkable job in carrying on the Health 2.0 Tokyo chapter well, as highlighted by their hosting a seminar in September of 2016 at Nihombashi Life Science Building that covered the role of Artificial Intelligence (AI) in the medical industry quite thoroughly. It is understood that major players ranging from startup Abeja to multinational giant IBM not to mention many medical schools found in Tokyo and around Japan took part then.

The 2016 Tokyo event was the 2nd Annual Health 2.0 Asia-Japan Conference held on December 6th and 7th. Emanating from Silicon Valley, the gathering brought to Asia the cutting-edge innovation taking hold in health and the healthcare-related fields via Japan. At their conferences tech from across the globe have been showcased, not to mention the holding of startup pitches. It featured live product demos including robots, company launches and a breakout session in addition to offering presentation and networking opportunities for those involved in healthcare technologies. The theme this year was “The Future is Here – Most Advanced Technologies and Healthcare.”

The first day sessions were held at the Hikarie complex in the Shibuya district, with its high concentration of startups clustered therein. Hikarie is also home to DeNA which has been providing digital health information, owing to the fact that its founder and current chairperson – who left the CEO position to take care of her ailing spouse – was interested in this situation . Most unfortunately this firm’s “wellness-centered” curation site under the present CEO was found to be dubious just prior to the Tokyo Health 2.0 opening. As luck would have it, the second day’s sessions were held in the Nihombashi district across town, an area replete with pharma and medical device companies.

Judges for pitch session
Image credit: “Tex” Pomeroy

Getting back on track, the startup pitch session featured eleven outfits including four from outside of Japan (more than double the number of “pitchers” from 2015). The three-judge panel comprised event sponsor MSD’s business innovations director Katsuhiko Hiwatashi, Stanford University School of Medicine’s Dr. Fumiaki Ikeno and venture capitalist Taizo Son. The winner of the pitch competition, Neuroon based in California, offers a system using light to control a person’s sleep – especially useful for jetsetters and those suffering from sleep-related disorders – was awarded a free invitation to attend the U.S. session of Health 2.0 being held this year on the U.S. West Coast.

Interestingly, the Neuroon “eyemask” is now being availed in Japan by JIN, which runs a chain of Jins spectacles shops (as an aside, this scribe wears a pair of Jins eyeglasses too); this synergistic marketing arrangement could be reference for other startups. Furthermore, underscoring the widespread interest as to sleep disorders, on December 12th the International Institute for Integrative Sleep Medicine (IIIS) headquartered at the University of Tsukuba held its 5th annual symposium, alongside Wako Pure Chemical‘s workshop, in Tokyo. For our reader’s benefit, RIKEN Brain Science Institute’s neural functions expert Dr. Hitoshi Okamoto was the Keynote Speaker.

Neuroon ‘s Ryan Goh
Image credit: “Tex” Pomeroy

Neuroon’s Ryan Goh gave the top pitch while the three other foreign firm representatives making pitches were Medable‘s Kevin Chung, GraftWorx‘s David Kuraguntia and gripAble‘s Paul Rinne. Other (Japanese) competitors included those offering medical practitioner information services and monitors for checking overexposure to harmful radiation like ultraviolet (UV) light, which may lead to melanoma, among other products, encompassing those presented at live demos the previous day in Shibuya. Wide interest was illustrated by the fact that not only major medical arena participants but also smaller ventures eyeing the healthcare field were to be espied in the audience.

Medable’s Kevin Chung
Image credit: “Tex” Pomeroy
Graftworx’s David Kuraguntia
Image credit: “Tex” POmeroy
gripAble’s Paul Rinne
Image credit: “Tex” Pomeroy

This reporter found quite intriguing medable’s development support productlines for healthcare apps, with fascinating names like Axon and Cortex, and saw gripAble offerings that help patients with problems gripping things to be very commendable, reflecting the stiff upper lip attitude oft-seen exhibited by Britons (perhaps magnified by the fact Mr. Rinne whose suitcase had gone AWOL in Dubai was making a pitch wearing a T-shirt in – pardon the pun – the “gripping” Tokyo cold). Yet GraftWorx, the top “batter” for the session, outlining well-designed wearables to be used in the clinical/hospital setting appeared eminently suited for adoption soon in the Japanese medical scene.

The finalist teams at the Health 2.0 Asia-Japan pitch competition.(Neuroon’s Ryan Goh stands in the center).
Image Credit: Health2.0 Asia-Japan

Worth noting as well was that the Health 2.0 Asia-Japan conference organizer’s Japan side operating out of Jikei Medical University, located a stone’s throw away from the 2015 Toranomon venue (its hospital being renowned among many Japanese athletes for treatment of injuries, as observed by hospital-savvy Imedex CEO Ichida), did admirably in coordinating activities. Beyond sponsorship and volunteer opportunities for the 2017 Japan event I wish to spotlight commercial opportunities also, because the presence of Fronteo Healthcare as a sponsor brought to mind the importance of patent in terms of health 2.0, the Fronteo group being known for its patent data business prowess.

Though the Japanese system still does not allow patenting of medical acts unlike other advanced countries, it recently paved the way for “supplementary foodstuff” patenting. Accordingly there is some notable movement in this front entailing university-backed startups, such as those in the Tohoku region pushing forward with innovative developments. A recent unveiling I am aware of is an “antidote” to hangovers that follow drinking sessions in Japan… though apparently such disaster with “firewater” does not apply to this “partial Native American.” However it seems that such openings, if taken on with serious science in mind and approached properly, bode well for startups.

Although healthcare systems across the world have been changing rapidly, Japan likely has the highest potentials for transformation because relatively few Japanese physicians today are using electronic medical records (EMR) and this nation still has a myriad of medical Uberregulations that may be removed. Patients are not well informed about digital healthtech either, despite the fact that Japan has advanced technological foundations. Since it is being faced with unprecedented greying that undermines the national healthcare system, one of the biggest in the world, Japan is seen being a perfect setting for health 2.0 tech to be implemented in producing a positive paradigm shift.