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News Release: Exvision Raises Funding Round

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News Release: Exvision Raises Funding Round

Category: News Published: Thursday, 29 June 2017

 

News Release

June 29, 2017

Exvision Corporation

Exvision Raises Funding Round from Mirai Creation Fund and Intel Capital

New funding supports global business expansion in high-speed vision control technology

 

Tokyo, June 29, 2017 – Exvision Corporation (HQ: Tokyo, Japan. CEO: Akio Fujii) a high-speed vision development platform and application systems developer, today announced the closing of a financing round led by Mirai Creation Fund, invested by Toyota Motor Corporation and others and operated by SPARX Group Co., Ltd. (SPARX), and Intel Capital, Intel Corporation’s global investment organization. The size and terms of the funding round were not disclosed.

 

The funds will be used to enhance technology development for Exvision’s High Speed Vision Development Platform and to deepen the penetration of its application system portfolios via expanded global sales and marketing efforts.

 

Exvision’ High Speed Vision Development Platform consists of High Speed Vision sensor running at 1,000fps and high speed processing system based on FPGA. Its evaluation kit - the evaluation board and SDK - is under development and planned to be released in Q4 2017. And Exvision Gesture System is based on the Vision Processing Unit (VPU) platform from Movidius, an Intel company.  The addition of Mirai Creation Fund and Intel Capital as strategic investors will help Exvision gain access to a powerful network of potential business partners, technology ecosystems, industry advisors, and customers.

 

About Exvision
Exvision is a spin-off of the University of Tokyo’s Ishikawa-Watanabe Laboratory, established with the aim of implementing the Lab’s technologies in various industries. Since 1989, the laboratory has developed countless applications for its computer vision research, with its unique high-speed approach.  The key advantage of Exvision’s high-speed computer vision technology is the capability to obtain useful information of fast moving objects accurately without delay. This key advantage is often critically important to develop high performance application systems for Automobile, Drone, Robotics of Industry automation, Human Interface, etc. 

In recent years, IoT and Industry 4.0 initiatives have been drawing much attention. High-speed computer vision will also play a key role in the “Edge Computing” field that feeds to IoT systems.

While spreading the application of these latest technologies, Exvision also provides a high-speed computer vision platform that considerably simplifies the development of vision-based solutions for a wide range of applications.

 

About Mirai Creation Fund

The Mirai Creation Fund began its operations in November 2015 with SPARX Group Co., Ltd. (SPARX) as an operator, invested by Toyota, Sumitomo Mitsui Banking Corporation and SPARX with a total investment capital of 13.5 billion yen. As of end of May 2017, the fund has received investments from 19 companies including the three companies. The Fund targets to invest in enterprises and projects that possess innovative technologies in the core fields of artificial intelligence (Al), robotics, technologies to help achieving a hydrogen-based society, as well as other related projects. At the end of May 2017, AUM reaches 36.5 billion yen. The fund has invested in approximately 30 companies in the US, the UK, Israel and Japan.

 

About Intel Capital

Intel Capital, Intel's strategic investment organization, funds innovative startups targeting computing and smart devices, 5G connectivity, cloud, datacenter, artificial intelligence, merged reality, automated driving, the Internet of Things, robotic technologies, immersive entertainment and semiconductor manufacturing. Since 1991, Intel Capital has invested US$12.2 billion in over 1,480 companies worldwide, and 627 portfolio companies have gone public or been acquired. For more information about Intel Capital, please visit www.intelcapital.com or follow @Intelcapital.

 

About Intel

Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. As a leader in corporate responsibility and sustainability, Intel also manufactures the world’s first commercially available “conflict-free” microprocessors. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com, and about Intel’s conflict-free efforts at conflictfree.intel.com.

 

Press Contacts

Inoue, Exvision Corporation

Tel (03)-3812-9360

E-mail This email address is being protected from spambots. You need JavaScript enabled to view it.

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