Japanese VC Global Brain invests in Connected Robotics

Japanese venture capital firm Global Brain has led an investment in Connected Robotics, a cooking robot service provider, through its GB-VII Growth Fund Investment Limited Partnership (GB-VII) and 31VENTURES Global Innovation Fund I, according to an announcement.

Financial terms were undisclosed but an AVCJ report pegs the Series A round investment value at JPY8.5 billion ($7.8 million). The round also saw the participation of 500 Startups Japan, now known as Coral Capital, following a spin-out earlier this year – and the corporate venture arms of Sony Corporation and Mitsui Fudosan, the report added.

Connected Robotics provides solutions that use deep learning technology to make robots in kitchen intelligent.

It aims to develop robot systems that bear the brunt of kitchen work, leaving staff to concentrate on other customer-focused areas.

“Global Brain decided to invest in Connected Robotics because of their advanced development technology for cooking robot systems and market potential. We will fully support the company’s business growth, and we expect them to keep contributing labor shortage issue in the food industry,” the firm said in the announcement.

Recently, Global Brain invested in Tokyo-based crowdfunding platform operator Campfire through its GB-VII.  Global Brain and KDDI Corporation is said to have co-invested JPY2.2 billion ($20 million) in Campfire’s Series C round.

 

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.