Cinnamon AI has raised 13 Million USD for Series C and Debt Finance.

Cinnamon has raised 13 Million USD for Series C with Venture Capital Funds of D4V and Pegasus Tech Ventures and Debt Finance.

 

■The objective of acquiring the investment and the new Shareholders

To achieve the vision of ‘Extend human potential by eliminating repetitive tasks’, Cinnamon strengthens the below key areas;

・Hiring top level talents especially for highly skilled AI talents globally,

・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, Vietnam, and Taiwan, and

・Investing R&D to create new AI products like Voice Recognition.

 

■New Investors

◯D4V Fund I L.P. (General Partner:D4V LLP）

〇Venture Capital Fund of PEGASUS TECH VENTURES（General Partner：Md Anis Uzzaman）

◯GEEK PICTURES INC.

◯Prof. Tsuyoshi Natsuno (Guest Professor, Keio University Graduate School of Media and Governance)

◯Other investors

 

■Banks

◯Sumitomo Mitsui Banking Corporation

◯Japan Finance Corporation

◯The Shoko Chukin Bank

 

■Up-coming plans

The global economy has been in the crisis due to the COVID-19 breakout.  Corporates have been shifted to remote work and faced with the situation that they have to reconsider the future of our workstyle seriously.  Cinnamon AI has provided various AI products to improve the productivity of business people.  We continue to drive the work efficiency of corporations and to provide AI solutions to strengthen the corporate values of our customers.