The latest in the deals space in Japan has seen University of Tokyo startup LPIXEL raise $7 million in Series A, while HOMMA, a startup that aims to redefine the standard of living, has raised $4.1 in seed funding.
LPIXEL raises $7m to enhance its R&D and AI technology
University of Tokyo startup imaging analysis company LPixel announced on Monday that it raised a $7 million Series A funding round. The round was led by JAFCO with participation from Mistletoe, Toray Engineering and an unnamed private investor.
What LPixel does is provide analytics software to help scientists in the life science field advance their research. For example, one of the tools it provides motion tracking, color analytics and 3D plant measurement mechanisms.
LPixel provides analysts software and tools like motion tracking, colour analytics and 3D plant measurement mechanisms that assists scientists involved in the life science sector advance their research. It also previously partnered with the National Cancer Center Japan for a joint research project, given its medical applications.
According to the company, Japan has the most CT and MRI machines per 1 million people in the world. This suggests a large enterprise market for the analytics firm.
According to the company, proceeds from the investment will be used to enhance its R&D and artificial intelligence (AI) technology, as well as fund its global expansion efforts.
Young raises $4.1m seed funding
HOMMA, an AI based software and service startup for connected homes, has raised $4.1 million in seed funding.
In a development reported by Japanese startup news publication The Bridge, the investment saw a number of individual investors participate. This group includes co-founder and CEO of Rakuten Hiroshi Mikitani, former managing executive director of Rakuten Hiroaki Yasutake, CEO of Mericsri Shintaro Yamada, founder and director of m&s partners Hirokazu Mashita, founder of Opt Tomohito Ebine, Co-founder of Colopl Kotaro Chiba and Hollywood-based film producer Masi Oka.
Homma, which was founded by Takeshi Homma, a former executive of Rakuten and Sony, uses AI and smart technology to enable connected homes and provides packages solutions to builders and home owners.
The startup also to aims to solve “connectivity issues due to devices from different manufacturers, fragmented experiences of having to deal with multiple apps for different purposes, and the frustration of trying to install them on your own or make changes afterwards.”