Japan edge computing start-up raises $19m

Global Brain is investing via its third fund in partnership with Japan’s KDDI Corporation, which was set up in 2018 with JPY20 billion. Local investors Sojitz, Aisin Group, CTC Global, DG Ventures, and DG Daiwa Ventures, also participated, according to a statement. It follows a $7.8 million round last year and brings total funds raised to JPY3.3 billion.

Edge artificial intelligence (AI) technology is seen as a solution for a range of cloud computing challenges related to privacy protection, higher data volumes, and demand for ultra-low latency. While cloud computing uses remote data centers, edge AI runs algorithms on local devices, or edge devices, in closer proximity to the site. This makes it possible to process customer data and assess operations inside places of business, including stores and factories.

Idein’s core product is a platform called Actcast that combines a compiler, which allows for high-speed computing on low-cost devices, a dashboard for real-time monitoring of remote installations such as cameras and sensors, and a marketplace that connects app vendors with users looking to develop internet-of-things (IoT) systems.

Actcast, which was launched in January, has built up a network of 71 corporate users to date, including Sojitz, CTC, and Aisin. Sojitz has described the platform as “unparalleled, world class” technology that it plans to use to provide AI, IoT, and big data services and to visualize on-site operations in a range of fields.

Functions include face recognition and detection of age and gender, and visitor counting for marketing data. There are also tools for eye-gaze detection, a system for changing advertising displays according to the viewer, and sound recognition technology that can identify a baby crying.

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• Topics
• North Asia
• Technology
• Early-stage
• Japan
• Global Brain Corporation
• Daiwa Securities Group
• artificial intelligence