We would like to inform you that we have implemented capital increase through third-party allotment and stock transfer from existing shareholders.<\/p>\n
We will strengthen our artificial intelligence products and organizational systems in order to realize a society that fundamentally improves white-collar productivity.<\/p>\n
Cinnamon Co., Ltd. (Headquarters: Minato-ku, Tokyo, CEO: Mirai Hirano, hereinafter referred to as "Cinnamon"), which has one of Japan's leading artificial intelligence (hereinafter referred to as "AI") document reading engines, is a subsidiary of MT Partners Co., Ltd. and Monex Edison. Investment Business Limited Partnership, Vector Co., Ltd., RPA Holdings Co., Ltd., Toru Shimada, Mamoru Tanie, and leading individual investors underwritten capital increase through third party allocation and stock transfer from existing shareholders to D4V1 Investment Business Limited Partnership. We would like to inform you that this has been carried out.<\/p>\n
\u25a0Purpose of financing\/stock transfer<\/p>\n
With this funding, Cinnamon will strengthen its focus on the following three points in order to realize a society that fundamentally improves white-collar productivity.<\/p>\n
\u30fbBy building a strong shareholder structure, we will improve Cinnamon's social credibility, strengthen our network, and accelerate growth.<\/p>\n
\u30fbStrengthening the basic technology and user interface of AI products<\/p>\n
\u30fbStrengthening the organizational structure to provide more advanced technology and detailed services (Japan and Vietnam)<\/p>\n
\u25a0List of underwriters<\/p>\n
\u25efMT Partners Co., Ltd. (Representative Director: Makoto Takano)<\/p>\n
\u25efMonex Edison Investment Limited Partnership (Unlimited Partner: Monex Ventures, Inc. Representative Director: Hiroshi Aikawa)<\/p>\n
\u25efVector Co., Ltd. (Representative Director: Hajime Nishie)<\/p>\n
\u25efRPA Holdings Co., Ltd. (Representative Director: Tomomichi Takahashi)<\/p>\n
\u25efToru Shimada (Director, Vice President and COO of USEN-NEXT HOLDINGS Co., Ltd.)<\/p>\n
\u25ef Mamoru Tanie (Chairman of Asuka Holdings Co., Ltd.)<\/p>\n
\u25efAkihiko Mori (Executive Officer and CFO of RENOVA Co., Ltd. \/ Outside Director of Cinnamon Co., Ltd.)<\/p>\n
\u25ef Kazuhiko Ishikura (Director and CFO of 3 Minutes Co., Ltd.)<\/p>\n
\u25a0List of transferees<\/p>\n
\u25efD4V1 Investment Limited Partnership (Unlimited Partner: D4V Limited Liability Partnership)<\/p>\n
\u25a0Future outlook<\/p>\n
In the future, Cinnamon will build a further foundation as an AI platform with the theme of "improving white-collar work efficiency" and will work on developing various products that promote business improvement. In addition, by collaborating with partner companies that expand the provision of Cinnamon products, we will promote the provision of services to more customers.<\/p>\n
[Cinnamon Co., Ltd. Company Profile]<\/p>\n
Company name: Cinnamon Co., Ltd.<\/p>\n
URL: https:\/\/www.cinnamon.is<\/p>\n
Address: 6th floor, MTP Higashiazabu Building, 1-9-16 Higashiazabu, Minato-ku, Tokyo<\/p>\n
Established: October 2016<\/p>\n
Capital: Approximately 34 million yen<\/p>\n
Representative: Mirai Hirano, Representative Director and CEO<\/p>\n
\u25a0Business content: Artificial intelligence product business, artificial intelligence consulting business<\/p>\n
Cinnamon provides proprietary artificial intelligence engines centered on the AI OCR "Flax Scanner" that reads documents like a human, and has a track record of providing it to many major domestic companies. doing. Since introducing "Flax Scanner" in April 2017, we have had business negotiations with over 200 companies and have provided top-class technology in Japan in the AI OCR field.<\/p>\n
In addition, through the artificial intelligence chatbot "Scuro Bot" and the recommendation engine "Lapis Engine," we will respond to inquiries, set interview times, offer offers at human resources companies, and contract rates for rental properties. We provide matching algorithms that enhance the<\/p>\n
\u25a0Overview of main product \u201cFlax Scanner\u201d<\/p>\n
Most of the business documents used on a daily basis are unstructured and require human effort to incorporate into business systems, resulting in a lot of waste in white-collar work. Cinnamon uses an artificial intelligence document reading engine to fundamentally reform white-collar work. A variety of documents can be supported, including PDFs, Word files, and paper documents such as printed and handwritten documents. Currently, we provide engines to many major companies, including those in the financial and insurance industries.<\/p>\n
\u3010Features\u3011<\/p>\n
By enabling AI to understand various business documents and import them into a database, white-collar work efficiency will be drastically improved.<\/p>\n
1) Can be read even if the format is unspecified<\/p>\n
2) Handwritten character reading accuracy is 99.2% in research data and 95-98% in real data.<\/p>\n
3) Automatic correction of read data by building a unique database<\/p>\n
4) High security measures available for both on-premises and cloud<\/p>","protected":false},"excerpt":{"rendered":"
We are pleased to inform you that we have completed a third-party allotment of new shares and a transfer of shares from existing shareholders. We will strengthen our AI products and organizational structure to realize a society that drastically improves white-collar productivity. We are one of the leading AI companies in Japan.<\/p>","protected":false},"template":"","news-cat":[27],"news-tag":[],"class_list":["post-291","news","type-news","status-publish","hentry","news-cat-press"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news\/291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:attachment":[{"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/media?parent=291"}],"wp:term":[{"taxonomy":"news-cat","embeddable":true,"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news-cat?post=291"},{"taxonomy":"news-tag","embeddable":true,"href":"https:\/\/cinnamon.ai\/en\/wp-json\/wp\/v2\/news-tag?post=291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}