To achieve the vision of ‘Disruptive Ai to extend human potential’ by improving white-collar productivity, Cinnamon Inc. will enhance its products and strengthen the organizations.
One of the leading Artificial Intelligence (AI) startups, Cinnamon Inc.(Headquarters in Tokyo, Japan),has received the undisclosed amount of investment form MT Partners K.K, Monex Edison Investment Business LLP, Vector Inc, RPA Holdings Inc, Mr. Toru Shimada, Mr. Taniya Mamoru and the other Angel Investors, and D4V has become a new shareholder of Cinnamon.
■Objective of acquiring the investment and the new Shareholders
To achieve the vision of ‘Disruptive Ai to extend human potential’ by improving white-collar productivity, Cinnamon strengthens the below 3 points.
・Accelerating the growth by increasing the company reputation and expanding customer network behind building the strong investor structure.
・Strengthening the core technologies and user interfaces of the AI products.
・Building the strong organizations to provide cutting-edge AI technologies and quality customer services in Japan and Vietnam.
◯ MT Partners K.K. (CEO: Mr. Makoto Takano)
◯ Monex Edison Investment Business Limited Liability Partnership (Unlimited Responsible Partner: CEO, Monex Ventures Co., Ltd. Mr. Hiroshi Aikawa)
◯ Vector Inc. (CEO: Mr. Keiji Nishie)
◯ RPA Holdings Inc. (CEO: Mr. Tomomichi Takahashi)
◯ Mr. Toru Shimada (COO, Executive Vice President, USEN-NEXT HOLDINGS Co., Ltd.)
◯ Mr. Taniya Mamoru (Chairman, Asuka Holdings Co., Ltd.)
◯ Mr. Mori Aki (Executive Officer, CFO, Renova, Inc./Outside Director, Cinnamon Inc.)
◯ Mr. Kazuhiko Ishikura (CFO, 3 Minute Inc.)
◯D4V Fund I L.P. (General Partner:D4V LLP）
Under the key business domain of ‘White-collar productivity improvement’, Cinnamon continues to enhance the core technologies of the AI platforms and build AI products to drive Business Process Re-engineering of large corporations. Cinnamon will also collaborate with many channel partners to provide our solutions to more customers.
【Cinnamon Inc. Company Information】
Company Name：Cinnamon Inc.
HQ：1-9-16 Higashi Azabu, Minato-ku, Tokyo
Capital：About 300,000 USD
CEO：Ms. Miku Hirano
■Business Overview: AI product business, AI consulting development
Cinnamon provides Flax Scanner, a cognitive document reader, and other AI engines for top large corporations in Japan. Since Flax Scanner’s launch in April 2017, Cinnamon has acquired over 200 Sales leads and provided top-level AI solutions in Japan.
On top Flax Scanner, Cinnamon provides Scuro Bot (Chat bot understanding Natural Language and Lapis Engine (Recommendation engine) for Customer Support, Interview Arrangement, Property Portal Website, and others.
■Product Overview: Flax Scanner, Cinnamon’s core product
Flax Scanner is an Auto-documentation tool which enables users to extract information from application forms, documents, and Email, and to create formatted documents.
Flax Scanner understands contexts and reformats the documents from unstructured business documents and email. This tool can apply to both hand-writing and text data.
1) It can apply to any type of unstructured documents.
2) It has the high recognition accuracy for hand-written reading. Japanese hand-written reading accuracy at 99.2% for research data and 95-98% for real business data.
3) It improves accuracy by using auto-correctors build with client databases.
4) It can be used in both on-premise and cloud based.