Cinnamon AI, an artificial intelligence technology startup, raises funds from Suntory Holdings through a third-party allocation of new shares.
Cinnamon Inc. (Headquarters: Minato-ku, Tokyo, CEO: Miku Hirano; hereinafter “Cinnamon AI”) , one of the Japan’s leading artificial intelligence (“AI”) solution providers, announced that it raises funds from to Suntory Holdings Limited (Headquarters: Kita-ku, Osaka, CEO: Takeshi Niinami). We will continue to strengthen our AI consulting, AI products, and organizational structure in order to innovate our clients’ core business and promote DX.
Cinnamon AI provides AI consulting services and AI products with the mission of “Extend Human Potental with AI”, aiming to innovate our clients’ core business and promote Digital Transofrmation (“DX”). To date, Cinnamon AI has worked with more than 100 major companies in Japan, and its strength lies in its ability to handle a wide range of unstructured data, which is the key to promoting DX.
In the future, we will strengthen our efforts to help our clients achieve sustainable growth by designing AI strategies that will give them a competitive advantage by linking their “Purpose” with the Harvest Loop (a loop-type business structure: architecture that automatically accumulates data and leads to sustainable business growth) that we advocate as the core of corporate growth strategies.
Suntory Holdings is promoting DX and open innovation. In order to realize the company’s goal of providing new value to customers and society, Cinnamon AI will support build a Harvest loop and implement a purpose driven AI growth strategy.
＜Comment from Suntory Holdings＞
By strengthening investments and alliances with promising start-up companies, Suntory Holdings aims to innovate in existing businesses and create new growth areas through the promotion of open innovation. We decided to take a stake in Cinnamon AI due to the match between the company’s purpose driven AI growth strategy and our desire to provide new value to our customers and society. With Cinnamon AI, the Suntory Group will strive to further accelerate DX.
【Corporate Profile of Suntory Holdings Limited】
Company Name: Suntory Holdings Limited
Head Office (Osaka Office): 2-1-40 Dojimahama, Kita-ku, Osaka City
Suntory World Headquarters: 2-3-3 Daiba, Minato-ku, Tokyo
Representative: CEO, Takeshi Niinami
【Corporate Profile of Cinnamon Inc.】
Company Name: Cinnamon Inc.
Location: Spirit Building 6F, 3-19-13 Toranomon, Minato-ku, Tokyo
Established: October, 2016
Representative: CEO, Miku Hirano