Sep 10, 2020

SHARE: ANSeeN is a startup spun out of Shizuoka University and has been developing x-ray image sensors and color cameras. The company announced on Monday that it has secured 1.08 billion yen (about $10.1 million US) in a series B round. Participating investors in this round are Cyberdyne (TSE: 7779) and its subsidiary CEJ Capital, Environmental Energy Investment, Drone Fund, Shinkin Capital inn addition to Shizuoka Capital. The amount raised includes debt financing from the Shoko Chukin Bank and Hamamatsu Iwata Shinkin Bank, as well as a grant from the New Energy and Industrial Technology Development Organization (NEDO). This follows the startup’s series A round in November 2018 when they secured about 300 million yen (about $2.8 million US). Shizuoka Capital and Shinkin Capital participated in the previous series A round as well. ANSeeN’s X-ray camera has a higher resolution than conventional ones, which makes it easier to identify the shape of the content in a an inspection object. The company aims to develop a system that can be used for automated and unattended baggage inspection in conjunction with artificial intelligence. The company claims that this system can make it possible to visualize cast metal parts, such as automobiles and trains,… Read More Image credit: ANSeeN ANSeeN is a startup spun out of Shizuoka University and has been developing x-ray image sensors and color cameras. The company announced on Monday that it has secured 1.08 billion yen (about $10.1 million US) in a series B round. Participating investors in this round are Cyberdyne (TSE: 7779) and its subsidiary CEJ Capital, Environmental Energy Investment, Drone Fund, Shinkin Capital inn addition to Shizuoka Capital. The amount raised includes debt financing from the Shoko Chukin Bank and Hamamatsu Iwata Shinkin Bank, as well as a grant from the New Energy and Industrial Technology Development Organization (NEDO). This follows the startup’s series A round in November 2018 when they secured about 300 million yen (about $2.8 million US). Shizuoka Capital and Shinkin Capital participated in the previous series A round as well. ANSeeN’s X-ray camera has a higher resolution than conventional ones, which makes it easier to identify the shape of the content in a an inspection object. The company aims to develop a system that can be used for automated and unattended baggage inspection in conjunction with artificial intelligence. The company claims that this system can make it possible to visualize cast metal parts, such as automobiles and trains, which have been difficult to visualize in the past. AnSeeN will use the funds to install a facility to mass-produce X-ray image sensors and X-ray color cameras, aiming to establish a mass-production system by the end of 2021 to use them for non-destructive testing and dental inspection equipment. The company partnered with Cyberdyne to promote the application and commercialization of the camera in the cybernics industry. AnSeeN was selected for the second phase of Tokyo-based railway company JR East’s incubation/acceleration program in November 2018 and then won the top prize for the team eligible for the program’s incubation course at the Demo Day event. Related news SHARE: Synspective is building a constellation system for earth observation mini-satellites employing Synthetic Aperture Radar (SAR) and integrates SAR data with a variety of ground truth data. The Japanese startup launched today a new service called Land Displacement Monitoring, which enables millimeter-scale ground deformation monitoring over wide areas based on image analysis of SAR satellites. Traditionally, understanding the risk of land settlement and landslide risk over wide areas has required a lot of time and effort. The service can be used to reduce the cost and time involved in observing and managing the risk of ground deformation and can be used to manage risks associated with construction projects, airport maintenance and underground construction, the company said. Synspective has been conducting Proof-of-Concept (PoC) projects with several companies as well as the Singapore Land Authority. Based on the feedback from these early users, the service has been improved and its user-friendly web-based interface requires no installation of software and has now allowed even users who are less familiar with satellite data to intuitively understand the results of the analysis. Synspective was founded in February of 2018 by CEO Motoyuki Arai and co-founder/managing director Seiko Shirasaka (Shirasaka is a professor at System Design and… Read More SHARE: Tokyo-based BionicM, the Japanese startup developing powered prosthetic legs, announced today that it has secured 550 million yen (about $5 million US) in a Series A round. Participating investors are The University of Tokyo Edge Capital (UTEC), Utokyo Innovation Platform (UTokyoIPC), and the Japan Science and Technology Agency (JST). UTEC’s investment follows the startup’s seed round last year. UTokyoIPC financially backed BionicM by selecting for the third batch of the former’s entrepreneur support program in 2018. BionicM is developing a powered prosthetic leg that solves the challenges of traditional non-powered passive prostheses. Since the pre-foundation research stage, it has received high recognition from the public, such as winning the SXSW Interactive Innovation Award and the James Dyson Award in Japan. BionicM will represent Japan to participate in the Advanced Technology and Engineering Challenge (A-TEC), the global startup competition to be held later this month in Shenzhen by Leaguer Group, a Chinese startup support company. Founded by Xiaojun Sun who himself had to have his right leg amputated at the age of 9 due to osteosarcoma, BionicM began research and development in 2015 at the University of Tokyo’s Graduate School of Information Science and Technology. Of the 10 million potential users… Read More Image credit: BionicM Tokyo-based BionicM , the Japanese startup developing powered prosthetic legs, announced today that it has secured 550 million yen (about $5 million US) in a Series A round. Participating investors are The University of Tokyo Edge Capital (UTEC), Utokyo Innovation Platform (UTokyoIPC), and the Japan Science and Technology Agency (JST). UTEC’s investment follows the startup’s seed round last year. UTokyoIPC financially backed BionicM by selecting for the third batch of the former’s entrepreneur support program in 2018. BionicM is developing a powered prosthetic leg that solves the challenges of traditional non-powered passive prostheses. Since the pre-foundation research stage, it has received high recognition from the public, such as winning the SXSW Interactive Innovation Award and the James Dyson Award in Japan. BionicM will represent Japan to participate in the Advanced Technology and Engineering Challenge (A-TEC), the global startup competition to be held later this month in Shenzhen by Leaguer Group, a Chinese startup support company. Founded by Xiaojun Sun who himself had to have his right leg amputated at the age of 9 due to osteosarcoma, BionicM began research and development in 2015 at the University of Tokyo’s Graduate School of Information Science and Technology. Of the 10 million potential users of prosthetic legs worldwide, only about 40% actually have access to them because they are expensive or have limited functionality. The company established a corporate entity in 2018 to commercialize the product in order to bring a high-performance prosthetic leg to all those who need it at a low price. According to BionicM, more than 99% of the global prosthetic leg market deals with passive type, and has not benefited from the technological advancements that have taken place in recent years with the proliferation of robotic technology. Passive leg prostheses not only place a heavy physical burden on the user, but also place a mental burden on the user, as they are unable to walk naturally or take turns walking up and down stairs in both legs, making them uncomfortable to watch. Powered prostheses have the potential to solve this problem. BionicM is preparing for the mass production of powered prosthetic legs with a view to commercial launch in 2021, and the financing at this time is intended to strengthen the company’s structure to achieve this goal. The company hopes to establish a B2B2C business model where powered leg modules are offered to artificial limb factories to be built into sockets for lower-limb amputees. BionicM hopes to have its powered leg certified as a complete prosthetic component from the government by next year. Once certified, the company would generally be eligible for the government’s subsidies under the Services and Supports for Persons with Disabilities Act, but powered prosthetic legs are high-end and expensive and may not be eligible for subsidies at the time of user purchase. The company is also looking to collaborate with other companies to introduce installment payments and leasing. Sun says, It is difficult to get subsidies for expensive prosthetic legs. BionicM will not only innovate in technology, but will also look to partner with other companies to provide services such as rentals and leases in a new way. BionicM established a subsidiary in China in June where four employees have begun sales development. Due to the large population in China, the Chinese prosthetic market is larger than that of Japan. From a sales standpoint, there is a good chance that the company’s post-start-up growth will be greater in China than in Japan, Sun said. In conjunction with the funding, BionicM also announced that Tao Cheng, founder and CEO of Japanese online ad startup popIn, has joined the company’s board of directors. Sun and Cheng are both from China and have similar backgrounds in that they were spun off from the University of Tokyo and were initially backed by UTEC. Looking up to Cheng as a predecessor who has completed an exit in Japan (popIn was acquired by Baidu in 2015), Sun said Cheng’s experience in running a software company will be of a great help of BionicM as a hardware company. Reference: SHARE: Tokyo-based SkyDrive, the Japanese drone startup spun off from the Cartivator volunteer group consisting of aircraft, drone and automotive engineers, announced on Friday that it has secured 3.9 billion yen (about $36.8 million US) in a series B round. Participating investors in this round are: Development Bank of Japan Itochu (TSE:8001) Itochu Technology Ventures Eneos Innovation Partners Obayashi Corporation (TSE:1802) Energy & Environment Investment Strive NEC (TSE:6701) Veriserve Sumitomo Mitsui Finance and Leasing For SkyDrive, this follows their series A round back in September of 2019. Among the investors participating in the latest round, Itochu Technology Ventures, Energy & Environment Investment, and Strive participated in the previous round. Since its seed round back in November of 2018, the company has raised a total of 5.7 billion yen (about 53.8 million US) to date. SkyDrive’s so-called “flying car” is an electrically-powered, vertical take-off and landing pilotless aircraft. As a new trend in the mobility industry, the drone is expected to be used for taxi service in cities, means for transportation in remote islands and mountainous areas, emergency transport in the event of a diaster. Compared to conventional air crafts, the drone is cost-effective, makes lower noise but requires a smaller space… Read More Tokyo-based SkyDrive , the Japanese drone startup spun off from the Cartivator volunteer group consisting of aircraft, drone and automotive engineers, announced on Friday that it has secured 3.9 billion yen (about $36.8 million US) in a series B round. Participating investors in this round are: Development Bank of Japan SHARE: Tokyo-based Studist announced today that it has partnered with NTT Docomo Asia to expand the former’s TeachMe Biz visual workflow management platform in Singapore and other Asia pacific regions. In Singapore, the Circuit Breaker measure has been forcing people to stay home for working and learning during the COVID-19 pandemic. Studist wants to help companies digitize their employee training and adot e-learning programs through the platform. Founded in March of 2010, Studist learned about 90% of all jobs in the world do not rely on qualifications, experience, or sensory knowledge through a survey, which let them decide to develop the platform. Its official version was launched back in late 2012 September of 2013. The company has raised over $12 million US in total, including a series C round back in April of last year. At that time, the company said it would focus on strengthening marketing, targeting sales boost in Southeast Asia, integrating APIs with other various cloud-based platforms in addition to upgrading the platform into the one for managing standard operating procedures. The company has already set up a Thai subsidiary which are expanding sales to Thai companies in addition to having started serving the platform in Malaysia in… Read More Tokyo-based Studist announced today that it has partnered with NTT Docomo Asia to expand the former’s TeachMe Biz visual workflow management platform in Singapore and other Asia pacific regions. In Singapore, the Circuit Breaker measure has been forcing people to stay home for working and learning during the COVID-19 pandemic. Studist wants to help companies digitize their employee training and adot e-learning programs through the platform. Founded in March of 2010, Studist learned about 90% of all jobs in the world do not rely on qualifications, experience, or sensory knowledge through a survey, which let them decide to develop the platform. Its official version was launched back in late 2012 September of 2013. The company has raised over $12 million US in total, including a series C round back in April of last year. At that time, the company said it would focus on strengthening marketing, targeting sales boost in Southeast Asia, integrating APIs with other various cloud-based platforms in addition to upgrading the platform into the one for managing standard operating procedures. The company has already set up a Thai subsidiary which are expanding sales to Thai companies in addition to having started serving the platform in Malaysia in partnership with TK International , a local IT service provider in Kuala Lumpur. Leveraging the partnership with Docomo Asia, Studist wants to boost the sales in Singapore and APAC to help companies in these regions solve their challenges over human resource development. The platform is serving 2,600 companies in Japan (as of February 2020) and 66 companies in ASEAN countries as of today. The company aims to introduce it to 100 companies by the end of February 2021.