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SINGAPORE–(BUSINESS WIRE)–Feb 27, 2019–ABEJA Singapore Pte. Ltd.(“ABEJA Singapore”), a local subsidiary company of ABEJA, Inc.(“ABEJA”), a provider of AI solutions leveraging machine learning (“ML”), and SMRT Momentum Ventures Pte Ltd, a subsidiary of SMRT Corporation Ltd.,(“SMRT”), a major public transport company in Singapore, have announced collaboration, and started R&D utilizing Deep Learning technology in the safety management area of transportation industry.
ABEJA’s core service is the ABEJA Platform, which is delivered as PaaS (Platform as a Service). It leverages ML technology in data gathering, annotation, learning, deployment, inference and relearning in a variety of fields. To date, more than 150 companies have adopted the platform. ABEJA uses the platform to provide its retail industry store analysis solution, ABEJA Insight for Retail, to more than 100 corporate customers and in over 520 stores, primarily leading Japanese retailers and distributors.
Since ABEJA Singapore began business in April 2017, it has put its core technology, “ABEJA Platform,” to good use in leveraging the AI social implementation know-how (including deep learning) that it has developed within Japan, working collaboratively with local companies, including academic institutions, the manufacturing industry, the infrastructure industry and the healthcare industry, in the Republic of Singapore and other ASEAN nations.
Through this collaboration, ABEJA and SMRT aim to provide safer transportation and prevent accidents by utilizing Deep Learning technology.
“It is our pleasure that ABEJA’s technology can contribute to the development of the infrastructure industry, in which securing safety weighs heavily on people’s lives,” said Naoki Tonogi, Managing Director of ABEJA Singapore. “This collaboration with SMRT complies with ABEJA’s philosophy “Implement a Fruitful World”, and through the successful collaboration we would like to target business growth not only in the Republic of Singapore but also in the entire ASEAN.”
Together with SMRT, ABEJA Singapore would like to create an advanced example that contributes to the reinforcement of social infrastructure foundation, which is an issue for overall ASEAN, and will keep working on promoting industrial structure reform.
About ABEJA Singapore Pte. Ltd.
Company Name: ABEJA Singapore Pte. Ltd.
Foundation: March 2017
Address: 22 Cross Street, #02-01 China Square Central, Singapore 048421
Capital Contribution Ratio: ABEJA, INC. 100%
Representative: Naoki Tonogi, Managing Director
Description of business: Business expansion of ABEJA Platform and ABEJA Insight for Retail and development of new business
About ABEJA, Inc.
ABEJA is a start-up company that promotes business innovation in various industries and scenes utilizing their “Deep Learning” technology, which automatically extracts feature values that express the data appropriately without human involvement. Since its establishment in 2012, ABEJA has been working on R&D in cooperation with AI specialists in domestic universities, and all the Deep Learning technology used in ABEJA’s service is developed inhouse by themselves entirely. With “ABEJA Platform”, which is their core technology AI platform, ABEJA collaborates with DAIKIN INDUSTRIES LTD., and MUSASHI SEIMITSU INDUSTRY CO., LTD. ABEJA provides solutions to various industries, and have implemented AI in actual operations in over 150 companies. ABEJA also provides “ABEJA Insight”, which is a package service for retail/distribution, manufacturing, and infrastructure industries, and so far it has been implemented to over 100 companies and 520 stores (as of November 2018), mainly in domestic major retail/distribution companies such as PARCO CO.,LTD., ICI ishii-sports inc., etc. In March 2017, ABEJA established a local subsidiary in Republic of Singapore to promote global operation focusing on ASEAN.
Company Name: ABEJA, Inc.
Representative: Yousuke Okada, Representative Director
Address: NBF Platinum Tower, 1-17-3 Shirokane, Minato-ku, Tokyo 108-0072, Japan
Description of business: Social implementation of AI utilizing Deep Learning technology
About SMRT Momentum Ventures Pte. Ltd.
Momentum is the Corporate Venture arm of SMRT Corporation Ltd. We partner our Business Units to pilot innovative technologies and business models to drive innovation in urban transportation. We invest in early stage start-ups that are strategic and potentially transformational for the Group. Our focus areas are in deep technology and engineering, new transport technology, and improving commuter experience.
Company Name: SMRT Momentum Ventures Pte. Ltd.
Address: 251 North Bridge Road, Singapore 179102
View source version on businesswire.com:https://www.businesswire.com/news/home/20190226006316/en/
CONTACT: ABEJA, Inc.
Asako Ichinomiya / Moe Natsume
KEYWORD: ASIA PACIFIC SINGAPORE JAPAN
INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT INTERNET SOFTWARE TRANSPORT PUBLIC TRANSPORT LOGISTICS/SUPPLY CHAIN MANAGEMENT
SOURCE: ABEJA, Inc.
Copyright Business Wire 2019.
PUB: 02/27/2019 12:13 AM/DISC: 02/27/2019 12:13 AM
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