The robotics and automation technology producer formerly known as Open Associates has launched an investment arm to invest in AI and IoT startups.
Japan-based robotic process automation technology provider RPA Holdings has formed a corporate venture capital subsidiary called Open Ventures.
The unit will back pre-seed and seed-stage startups founded by young entrepreneurs working on technology in areas such as automation, artificial intelligence (AI), the internet of things (IoT) and regional revitalisation.
In addition to funding, RPA Holdings will provide hands-on support to portfolio companies in areas such as accounting, human resource and legal affairs. Takayuki Ishii will oversee Open Ventures’ activities as…
