KDDI Open Innovation Fund III makes additional investment in Allganize, provider of business streamlining solutions using natural language understanding AI
March 12, 2021
On January 28, 2021, KDDI made an additional investment in Allganize (Headquarters: United States, Founder & CEO: Changsu Lee), a provider of business streaming solutions for corporations using advanced natural language understanding AI, through the "KDDI Open Innovation Fund III" (Operator: Global Brain Inc., hereinafter "KOIF III"), which aims to co-create new businesses with promising startup companies, in the series A2 round. This is the third investment in Allganize, following the seed round (funded by KOIF II) and the series A round (funded by KOIF III).
Allganize leverages advanced AI technology to optimize a number of services, automate business workflows, and support digital transformation (DX), and more. Leading companies in a variety of industries around the world rely on Allganize. KDDI will continue to utilize its support structure to proactively support the improvement of operational streamlining in the market.
As "the company that customers feel closest to," KDDI will continue to promote business co-creation through investment in promising startup companies, and create new business models together with customers and partners.
- 1. Overview of Allganize
- 2. About KDDI Open Innovation Fund
- The KDDI Open Innovation Fund is a corporate venture fund that provides broad support for startup companies. Currently active, KDDI Open Innovation Fund III has a total investment scale of approximately 20 billion yen, and focuses on AI, IoT, big data, and financial technology areas.
- 3. Releases at time of past investments