Japan’s SBI Investment injects $15m in Taipei-based AI startup

Photo: Gorilla Technology

Japanese venture capital firm SBI Investment, a subsidiary of Tokyo-listed SBI Holdings Inc, has invested $15 million in a Series D funding round into Gorilla Technology Group, an AI and computer vision solutions provider.

According to a release, this is SBI’s first investment in a Taiwanese, AI-focused company and will give it a minority stake in Gorilla Technology.

“SBI’s investment follows the establishment of SBI AI & Blockchain Fund (SBI A&B Fund) earlier this year. The SBI Group is actively involved in introducing AI solutions to financial institutions in Japan, and strongly believes in the future of this field,” said SBI Investment executive officer Tomoyuki Nii.

Gorilla plans to use the funding to enhance its AI and video analytics algorithms for the fintech space, work towards cementing a worldwide sales and marketing presence and expand its footprint in Japanese markets.

Established in 1999, SBI Investment has invested in 56 companies, including 23 leading investments, according to Crunchbase.

Founded in 2001, Gorilla develops its own AI and video analytic platforms from its research and development facility in Taiwan. It successfully completed Series A, B and C investment rounds in 2007, 2009 and 2015.

Also Read:

Singapore’s Antworks raises $15m Series A from SBI Investment

Japanese AI startup Cinnamon raises $9m in SBI Investment-backed round

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.

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.