Fujita, Industrial Growth Platform and SBI were among the investors in the automation technology developer, a graduate of Nvidia’s Inception Program.

Japan-based machine automation technology developer DeepX has raised ¥1.6bn ($15.1m) from investors including construction firm Fujita Corporation, professional services provider Industrial Growth Platform and financial services group SBI.

Asset manager Sparx Group’s Mirai Creation Fund II filled out the round, and SBI participated through its SBI Investment subsidiary.

Spun out of University of Tokyo’s Matsuo Lab in 2016, DeepX leverages artificial intelligence (AI) and machine control technologies to automate and mechanise machinery at production plants. It has worked on projects…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.