Japan-based Trillium Inc has secured its series A round with Global Brain as a lead investor while Triple W Japan, a developer of wearable bowel movement predictor Dfree, has raised $3.9 million in series A funding.
Trillium closes series A round
Nagoya-based Trillium Inc, an automatic IoT cybersecurity startup, announced last Thursday that it has secured Series A funding with Global Brain leading the funding round. Financial details were undisclosed.
The company develops SecureCAR, the anti-car hacking technology, that protects in-vehicle networks (VN) of automobiles and other transportation equipment from cyber attack.
President and CEO of Trillium, Inc, David Michael Uze, a veteran of the semiconductor industry, said, “In this age of connected cars and semi-autonomous/autonomous driving, automotive cyber-security is as important as seat belts and airbags.”
The funds will be used to accelerate field testing of the company’s technology in commercial vehicles. Trillium was launched in September 2014 by Uze, former country manager of both AMD and Freescale Semiconductor.
The automotive security market is valued at $3 billion and is predicted to grow to about $20 billion by 2020. Among the significant deals in this space include GM acquiring Cruise Automation for $1 billion in May. In January of 2015, Harman International Industries Inc, bought Mountain View’s Symphony Teleca for $780 million and Israel’s Red Bend Software, which specialises in software for connected devices, for $170 million.
Dfree receives $3.9m funding
2020, iSGS Investment Works, Daiwa Corporate Investment, Mizuho Capital, SBI Investment and Revamp participated in the round. The company also took an additional 1 million yen load from Mizuho Bank and Japan Finance Corporation.
It previously received an undisclosed amount of funding from Nissay Capital and iStyle Capital back in April of 2015. The Japanese governmental business promotion agency NEDO and Osaka-based Hack Ventures also contributed a total of 120 million yen.
Dfree is a device that fits on your stomach to track bowel movements using ultrasonic waves to watch internal organs. Data is then collected by the device and relayed to a user’s smartphone.
Through a timer counting down to a user’s next bowel movement, the user will have plenty of time to visit the restroom thus relieving the stress of bowel incontinence. Dfree could thus eliminate the need to wear diapers amongst the elderly thus preserving their dignity.
The device is seen to be beneficial to Parkinson’s disease sufferers, the physically handicapped, or the elderly.
According to founder Atsushi Nakanishi, Dfree is already under clinical testing at four nursing facilities in Japan and the number is expected to rise to 20 by September.