Cinnamon AI Raises $15M in Series B Funding

cinnamonCinnamon AI, a Japanese provider of artificial intelligence solutions that turn any document into decision-ready data, secured $15m in Series B equity funding.

Backers included FinTech Business Innovation LPS, SBI Venture Investment Revitalization Tax System LPS, FFG Venture LPS 1, ITOCHU Techno-Solutions Corporation, Sony Innovation Fund, TIS Inc., Mirai Creation Investment Limited Partnership II, Corporate Venture Capital Fund of Nomura Holdings Inc., Sumitomo Corporation, Next-Gen Corporation Supporting I Investment Limited Partnership, etc..

The company intends to use the funds to expand into the U.S., to continue to enhance its AI platform and build products to drive business process re-engineering for large corporations

Led by Miku Hirano, CEO, Cinnamon provides an AI-powered cognitive document reader that understands intent and context and can transform the most complex unstructured business documents into database-ready content regardless of the original source – handwritten or text data.



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