Implemented seed round funding totalling 610 million yen from JAFCO, SMBC Venture Capital, Mitsubishi UFJ Capital Co., Ltd.

Accelerated development of Japan's leading artificial intelligence technology

Alt, Inc., (Headquarters: Koto-ku, Tokyo, CEO, Mr. Kazutaka Yonekura) together with the third-party allotment of shares to JAFCO (Head office: Chiyoda-ku, Tokyo; President: Shinichi Fuki), has allotted third party shares to SMBC Venture Capital Co., Ltd. (Headquarters: Chuo-ku, Tokyo, President: Tatsufumi Ishibashi) and Mitsubishi UFJ Capital Co., Ltd. (Headquarters: Chuo-ku, Tokyo Representative Director and President: Muneki Handa), raising approximately 610 million yen in capital.

With this fund raising, we will further strengthen our artificial intelligence research and development system. In addition, we will open an artificial intelligence center in the near future and aim to make it the largest artificial intelligence research and development base in Asia. In addition, we have applied a sophisticated natural language recognition and intention interpretation technology cultivated on the theme of personality reproduction of our company. And we have prepared a system to provide it to companies and developers who need it, to accelerate the providence of concrete output such as distribution, VR, Fintech and so on.