alt Inc. raises 3.5 billion yen in funding

alt Inc. has raised 3.5 billion yen to invest in the development, sales, marketing and hiring of AI-based voice-to-text products with Vertex Growth, a Singaporean investment firm as a lead investor.

CEO Kazutaka Yonekura, alc Inc., with Digital Clone and PAI

CEO Kazutaka Yonekura, alc Inc., with Digital Clone and PAI

alt Inc. has raised 3.5 billion yen to invest in AI-powered voice-to-text product development, sales and marketing and hiring with Vertex Growth, as lead investor.

TOKYO, JAPAN, June 1, 2022 / — Personalized Artificial Intelligence (PAI) developer alt Inc. (Headquarters: Minato-ku, Tokyo, Japan, CEO: Kazutaka Yonekura), raised approximately 3, 5 billion yen through an allocation to third parties of new shares with Vertex Growth; a VC anchored by Vertex Holdings, a subsidiary of Temasek, a Singaporean investment firm as lead investor, and other domestic and overseas investors, including existing investors, as underwriters.

【Background and objectives of procurement】
Our transcription service “AI GIJIROKU” has experienced solid growth since its release. Funds raised are to be used to invest in promotion, recruitment, R&D to further accelerate our business towards our vision of digital cloning and PAI, as well as to gain share of the global Voice-to-Text market, which has a large potential market size.

【CEO Commentary | Kazutaka Yonekura, alc Inc.】
First of all, we are very happy to have finished the D-series in recognition of our “alternative technology”.
We are very proud of ourselves as a Japanese high-tech company that has raised high expectations from domestic and overseas investors, including Vertex Growth; one of the fastest growing venture capital firms in the world.
We would like to thank all of our shareholders who have supported us, our new shareholders and the many others who have supported us. In the Voice-to-Text market, which has strong growth potential worldwide, we will first become a market-leading company in Asia and make great strides towards achieving the ultimate goal of the PAI of alt, which is to “break free from unproductive labor”.

【Investor Feedback】

【Summary of Funding】
<Amount raised>
3.52 billion yen

Vertex Growth Fund II Pte. ltd.
SBI Group
SMBC Venture Capital Co., Ltd.
Dawn Capital No.1 Investment Limited Partnership (Akatsuki Ventures Inc.)
Spiral Capital LLP
SMBC Nikko Securities Inc.
HT Asia Technology Fund LP (Yitu Capital)
TSVF1 Investment LPS (Tokyu Fudosan Holdings Corporation CVC)
Industrial technology investment company
DIMENSION 2nd Investment Limited Partnership
Mizuho Leasing Co., Ltd.
M3, Inc.

【Currently available positions】
・Director of Experience (CXO)
・Business: Sales, Marketers, Customer Success
・Development: Project Manager, Product Engineer, AI Engineer
・Enterprise: enterprise development

【Examples of service products】
・AI GIJIROKU ーFast-growing transcription service
・AI Call Center ーAutomate your entire business call center operations
・Nulltitude ーBuilding an AI survey system for market research and polls
・AI GIJIROKU 100%* ーHigh-precision AI transcription service that achieves 100% accuracy through human intervention. We see global educational, professional and medical needs, and plan to provide services for the use of data that go beyond registration.
*We are still in the early stages of a full-fledged launch and are looking for users and alliances.

【About alt Inc.】
Through the research and development of “alt”, a PAI (Personal Artificial Intelligence) based on digital cloning technology, we aim to create the first autonomous society in the history of mankind, in which our daily lives become themselves assets that continue to create lasting value, and in which we can govern ourselves according to our own assessment.

Company name: alt inc.
Address: 809 SENQ Roppongi, Shin-Roppongi Building. 7-15-7 Roppongi, Minato-ku, Tokyo, Japan
Representative: Kazutaka Yonekura, CEO
Created: November 2014
Description of the activity: Development and provision of PAI (Personalized Artificial Intelligence).

[ P.A.I. ]PAI (Personalized Artificial Intelligence) is an AI that aims to digitize our own narrative and put it in the cloud to perform all digital tasks.

“PAI” is a registered trademark of alt.
PAI concept film:

— Our AI solutions (Partial) —
◆Requests for our AI solutions

◆AI GIJIROKU (AI Minutes)” official website

◆ “AI GIJIROKU (AI Minutes)” Business Plan Official Site

◆ The official website of the world’s first AI clone quiz “Nulltitude”

◆Operator “NeoRMR” AI Support System Official Website

◆ “AI TSUYAKU (AI Interpreter)” official website

◆ “AI Call Center” official website

◆ “AI Moderator” official website

◆”AI Translation” official website

◆ “Linguacode.AI” official website (international version of “AI Translation”)

<For press and media inquiries>
Public Relations Officer: Misako Nishizawa
Phone: +81-3-6380-7076
Email: [email protected]

Misako Nishizawa
Alt inc.
+81 3-6380-7076
[email protected]
Visit us on social media:

alc Inc., PAI Concept Film

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