INCJ, AXA invest $5m in Japan's Smartdrive
The state-backed Innovation Network Corporation of Japan has joined Axa Direct Japan - the Japanese unit of the French insurer AXA - to invest JPY660 million ($5.3 million) in Smart Drive, a Tokyo-based start-up providing automobile data analytics.
The startup - which raised an undisclosed amount from local VC ANRI in February last year - was founded in 2013. It provides its users with a hybrid system that makes use of both an iOS app and a in-car...
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