Accelerated research and development of Personal Artificial Intelligence through issuance of 517 million yen worth of third-party allotment shares to JAFCO

Strengthening research and development system of personal artificial intelligence with capital increase To be further strengthened

Alt, Inc. which has developed ”al+”, the Personal Artificial Intelligence (P.A.I.) (Headquarters: Koto-ku, Tokyo, CEO, Mr. Kazutaka Yonekura) increased capital of 517 million yen through a third-party allotment of shares to JAFCO’s investment partnership (Headquarters: Chiyoda-ku, Tokyo, CEO: Shinichi Fuki) as an underwriter.

We have invited numerous state-of-the-art researchers in various fields related to artificial intelligence from Japan, USA, Europe and Vietnam.

Further, we are promoting joint research with universities and laboratories under the Academic-Industrial collaboration strategy. With this time’s capital increase, we will promote the accumulation of artificial intelligence technologies through active recruitment of domestic and overseas researchers and engineers, while strengthening the research and development system of personal artificial intelligence.