Tokyo Artisan Intelligence raised 1.27 billion yen in a Series C first close. The total includes a third-party allotment and a loan from Mizuho Bank. Mitsui Sumitomo Insurance Capital led the equity investment.
Funding participants and plans
Other participating investors included Watakyu Holdings, Tokyo Keiki Group, and ADT. The company will direct funds toward producing its Manta Ray chip and building a global supply chain. It also plans to expand physical AI solutions and hire engineers.
Company background
Tokyo Artisan Intelligence was founded on March 3, 2020. The company is based in Yokohama and led by CEO and CTO Hiroki Nakahara. It develops edge AI solutions for rail operators, local governments, and other field operations.
What the technology does
The company sells edge AI solutions and develops its own AI semiconductor chip. Its Manta Ray chip is part of its push into low power AI hardware. TAI also completed evaluation of a test chip called StingRay and started the Manta Ray project.
TAI will use the funding to support production and international supply work with Malaysian partners. It also plans to run field tests with its own chips inside its AI solutions. The company aims to address AI power consumption and labor shortages.