KDDI Open Innovation Fund III invests in PT Qlue Performa Indonesia, a venture startup that provides a smart city platform in Indonesia
June 1, 2021
Through KDDI Open Innovation Fund III (operated by Global Brain Corporation; hereinafter "KOIF III"), which aims to incubate new business co-creations with promising venture startups, KDDI invested in PT Qlue Performa Indonesia, a company that provides a smart city platform (Headquarters: Indonesia; CEO: RaMa Raditya; hereinafter "Qlue").
Indonesia is home to the world's fourth largest population in its vast territory. While it undergoes rapid economic growth, the country is also challenged with issues such as frequent onsets of disasters and illegal acts, both of which derive from underdeveloped urban infrastructure.
Qlue provides a one-stop smart city platform that allows for centralized management of urban infrastructure in Indonesia in terms of detecting, analyzing, and solving issues by means of advanced technologies such as AI and IoT. Through partnerships with many local governments and government agencies in the capital city of Jakarta, as well as private enterprises, Qlue contributes to the improvement of urban functions in different parts of Indonesia.
Through this investment, KDDI promotes digital transformation in the areas of B2B, B2B2X, and B2G by taking advantage of synergy between Qlue's smart city platform solutions and KDDI's comprehensive IT solutions and customer base in Southeast Asia. Qlue and PT KDDI INDONESIA (Headquarters: Jakarta) have already entered into a partnership agreement and together aim to co-create business starting in Indonesia and expanding out to the rest of the Southeast Asian 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.
- ■About PT Qlue Performa Indonesia
- ■About KDDI Open Innovation Fund
- KDDI Open Innovation Fund is a corporate venture fund that supports a broad range of venture companies. The currently active KDDI Open Innovation Fund III focuses on areas of entertainment, home, IoT, big data, and Fintech with a total operating fund of 20 billion yen.