Idein, Inc., a Tokyo, Japan-based IoT company, secured $7.8m in its latest funding.
The round was led by Global Brain with participation from Hakuodo DY Ventures, Sony Innovation Fund by IGV (Innovation Growth Ventures), and Sony Financial Ventures and DG Daiwa Ventures.
The company intends to use the funds to continue its work on the development of Actcast by acquiring new talent, improving the business environment and strengthening its financial base.
Led by CEO Koichi Nakamura, Idein provides Actcast, an IoT platform service which links events and data in the physical world to the Web with deep learning inference on edge devices. The solution can be applied to businesses in a wide range of fields, including security, industrial IoT, and retail marketing.
A beta version of Actcast was released in July 31st, 2019. There are currently 24 companies participating in Actcast’s partner program, as of August 15th, 2019. Companies that participate in this program receive benefits, such as early access to the SDK or functions of the service, provision of information on development milestones, and participation in workshops.