Japanese startup in Vietnam gets 15 million USD injection
Cinnamon Inc., a Japanese artificial intelligence (AI) start-up firm, which has a technology research centre in Vietnam, said on January 28 that it has successfully raised 15 million USD from investors to serve the expansion of its operation in the US.
Cinnamon representative introduces its AI products at the 2017 Echelon Asia Summit in Singapore (Photo: VTV)
Hanoi (VNA) – Cinnamon Inc., aJapanese artificial intelligence (AI) start-up firm, which has a technologyresearch centre in Vietnam, said on January 28 that it has successfully raised15 million USD from investors to serve the expansion of its operation in theUS.
Established in October2016, Cinnamon currently employs 60 Vietnamese engineers to develop AI productsin Hanoi, Ho Chi Minh City, Da Nang, and Lam Dong.
The company said it willbuild a contingent of 200 engineers and high-tech development researchers in Vietnamat the end of 2019.
With the new investment, Cinnamon will continueimproving the quality of its current products and creating more to promote theoperation of big businesses.
CEO of the company Miku Hirano said one of theinitial objectives of Cinnamon in the US was to consolidate its presence inSilicon Valley while contributing to the development of its core markets andbuilding a sales team in the US.
The building of a sustainable investmentresource is a key element in the company’s expansion strategy, helping itcontinue to growth and create new products for AI applications, she added.-VNA
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Cinnamon representative introduces its AI products at the 2017 Echelon Asia Summit in Singapore (Photo: VTV)
