Japan’s NTT DOCOMO arm invests in AI startup Inbenta Technologies

Photo: Reuters

NTT DOCOMO Ventures, the venture capital arm of Japan’s mobile operator NTT DOCOMO, has made a strategic investment in Inbenta Technologies, a Silicon Valley-based provider of artificial intelligence-powered natural language processing (NLP) products.

The company will use the funds to “enhance its product suite and accelerate business growth.”

NTT DOCOMO Ventures aims to strengthen the collaboration between Inbenta and NTT Communications. It is also looking to bring AI and NLP technology to the Japanese market, the release noted.

The investment follows Inbenta’s business partnership with NTT Communications, a division of NTT Corporation, which launched AI-powered chat and FAQ search services in the Japanese market.

Inbenta claims its products are used by over 250 enterprises from the banking, insurance, telecom, retail, travel, technology, and transportation industry.

It’s AI and NLP products are used on chatbots for messaging, transactional intelligence, e-commerce search, e-mail and social media management.

The firm says, it can automate over 300 million real-time customer interactions per year in over 25 languages.

Inbenta CEO Jordi Torras said, NTT DOCOMO Ventures will bring both capital and its experience in key markets that Inbenta operates in including Japan.

NTT DOCOMO Ventures focuses on investments in the ICT space mainly fintech, AR/VR, security, media & content and big data.

Earlier in the year, NTT DOCOMO Ventures was seen leading a seed investment in Skuchain, a California-based blockchain technology startup, and Otonomo, a neutral automotive data services platform from Israel.

Also Read:

Japan’s Deepcore launches $55m AI fund, makes debut investment in VAAK

Learning startup EdMobile Labs raises money from Unitus Seed Fund, others

 

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.