AI and Data Platform, SENTIENT.IO closed Series A Round led by Japanese digital media enterprises

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SINGAPORE – Media OutReach – 27 May 2020 – Sentient.io, AI (artificial intelligence) and Data Platform backed by
the national technology research institution in Singapore, A*STAR and the
global technology venture capital, BEENEXT, has announced that it has closed
Series A funding from Singapore and Japanese investors. This round was led by
Digital Garage Group together with ABC Dream Ventures which is a corporate venture capital firm of Asahi
Broadcasting Group Holdings Corporation, a major Japanese TV station, and Leave
a Nest Group, the global deep-tech innovation accelerator. To-date, the Company
has raised more than USD$5 million investment since its inception in May 2017.

 

Sentient.io has built
a unique AI and Data Platform which empowers software developers to pick from
its pre-trained AI microservices that can help them to create smart
applications which are powered by AI and for big data owners, like telcos,
manufacturers, government and mass media companies to generate the new values
from their data asset.

 

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The new fund is used
for scaling the platform to the global market, especially to fulfil the surging
demand for the Digital Transformation from Japanese corporations.

 

Mr Christopher Yeo,
Founder and CEO of Sentient.io, said: “We are pleased that during this Covid-19
pandemic, we have major Japanese Corporations to participate in our Series A
funding round and we believe that our collaboration will accelerate innovative
solutions and bring these to the market at a quicker pace. This will also help
to fulfil our vision of benefiting humanity with augmented intelligence.”

 

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Mr Naoto Obama, CEO, ABC Dream Ventures, Inc. said: “The proactive use of
AI and Data to create content and non-broadcast-based
content reinforces and complements our broadcasting business. This generates
synergies with ABC Group of companies to achieve new business value, which has
always been one of our strategic objectives. Investing in Sentient.io is
aligned with our strategic initiatives.”

 

Dr
Yukihiro Maru, founder and Group CEO of Leave a Nest Group, said: “We want to
promote the collaboration between Japan and Singapore’s start-ups in terms of
technology, support and connect them to our network with private companies,
government agencies and universities to enter into Japan market. Sentient.io is
an AI company which we believe will bring much value and knowledge to our
partner companies in Japan.”

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Mr Yeo added, “Sentient.io will
continue to raise funds from the international financial markets to enable us
to expand our talent in research, sales and engineering with a strategic focus
on developing businesses in the Urban Living, Digital Economy and Next
Generation Wellness industries as an AI service provider.  We will also scale up our presence locally as
well as overseas with sales offices starting in Japan this year. Expansion into Indonesia and the U.S. are being planned.”

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About Sentient.io

Sentient.io is a
Singapore artificial intelligence (AI) company founded in 2017 by Mr.
Christopher Yeo who has a strong Computer Science and Mathematics background
and is also an experienced technology entrepreneur. Its aim is to enable software
developers to build AI and Data-driven solutions quickly and easily by offering
domain-targeted AI and Data as API services.

 

Sentient.io’s value
proposition to enterprises is to speed up business innovation, reduces IT
complexity as well as protecting existing AI investments. It also enhances
existing applications and is highly scalable. The early backers of the team are
A*ccelerate, the commercialising arm of A*STAR, Origgin and BEENEXT. For more
information, please click: https://sentient.io


About Digital Garage

Digital Garage, Inc. is engaged in two recurring businesses: the fintech
business, which provides a package of various payment methods to e-commerce
operators and face-to-face retailers, and the digital marketing business, which
provides integrated solutions in the digital and real fields. In addition, it
is developing investment and development businesses for promising companies
around the world.

 

Also, in collaboration with its core partners, it operates DG Lab, an
open innovation R&D organisation. As a company that creates new “contexts” in the Internet age, it will connect various
businesses and create innovative services. For more
information, please click: https://garage.co.jp/en/


About ABC Dream Ventures

ABC Dream Ventures is the corporate venture capital firm of the major TV
and Radio broadcasting station, Asahi Broadcasting Group Holdings. The firm
invests in the video streaming, video ads, VR, AR, media and entertainment
sectors. For more information, please click: http://adventures.co.jp/en


About Leave a Nest

Leave a Nest Group,
started by a group of researchers, was founded in Japan in 2002 with the vision
of “Advancing Science and Technology for Global Happiness”. They have worked
globally to support deep tech startups having overseas
subsidiaries in Singapore, Malaysia, US and UK. 
For more information, please click: http://global.lne.st/news/2020/05/22/sentient-investment/


About BEENEXT

BEENEXT
is a Venture Capital fund managed by serial entrepreneurs and focuses on
assisting founders with its operational experience, network, trust, unique
perspectives, and the capital. The team invests in early-stage tech start-ups
that build the new digital platforms driven by the data network effects.
BEENEXT aims to establish a platform of the founders, by the founders and for
the founders across the globe, primarily in South East Asia, India and Japan.
Since established in 2015, the team has invested in over 180 companies globally.
For more information, please click: www.beenext.com

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AI and Data Platform, SENTIENT.IO closed Series A Round led by Japanese digital media enterprises

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AI and Data Platform, SENTIENT.IO closed Series A Round led by Japanese digital media enterprises - Brand SpurAI and Data Platform, SENTIENT.IO closed Series A Round led by Japanese digital media enterprises - Brand Spur

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Latest News

Asia Pacific Rayon Raises US$300m from National and International Affiliated Banks to Expand Production Capacity

  • Continued capital expenditure aims to boost production and support the recovery of Indonesian economy
  • Loan agreements aligned with Indonesian Government's strategy to drive investment growth in 2021
  • APR is a member of the RGE group of companies


JAKARTA, INDONESIA - Media OutReach - 12 April 2021 - Asia Pacific Rayon (APR), the largest integrated rayon fiber producer in Indonesia, today announced that it has secured a syndicated loan facility of Rp 4.5 trillion (US$300 million) with national and international affiliated banks. The funding will be used to support continued capital investment in the company's production facilities at Pangkalan Kerinci, Riau Province, Sumatra.

APR is vertically integrated through its supply chain, from renewable fiber plantations to high-value textile development. It commenced operations in 2019 and was formally inaugurated by President Jokowi Widodo in February 2020. APR plans to increase its production capacity over the coming year to capture the strong growth potential of viscose staple fiber (VSF), strengthening its market position in Indonesia and in export markets across the region. APR is a member of the RGE group of companies. Founded by Sukanto Tanoto, RGE manages a group of resource-based manufacturing companies with global operations.

The syndicated loan participating banks are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, PT Bank Pan Indonesia Tbk, PT Bank Pembangunan Daerah Jawa Barat, PT Bank Woori Saudara Indonesia 1906 Tbk and PT Bank KEB Hana Indonesia

The joint mandated lead arrangers and bookrunners for the syndicated loan are PT Bank Rakyat Indonesia (Persero) Tbk, PT Bank Central Asia Tbk, and PT BANK Pan Indonesia Tbk.

Basrie Kamba, Director, Asia Pacific Rayon, said: "This funding will be used to support continued investment in our operations in Kerinci. Rayon fiber, or viscose, is a textile raw material derived from sustainably managed plantations. As rayon is both renewable and biodegradable, it supports the trend towards sustainable fashion in Indonesia and in other markets around the world."

APR's planned expansion is aligned with the Indonesian Government's strategy to increase investment and boost employment to support the recovery of the country's economy and address the continued impact of the COVID-19 pandemic. Following the passing into law of the Omnibus Bill in October last year to streamline investment and stimulate job creation, President Widodo said last month that investment would be the key factor in achieving 5% economic growth in 2021.

"This loan facility and our continued investment in our operations are evidence of the growth potential of the viscose rayon sector in Indonesia and around the world. We are committed to supporting the Indonesian Government's efforts to improve the investment climate in export-oriented manufacturing industries, and its efforts to create upstream jobs in plantations and the processing of raw materials, and downstream opportunities in textile factories and related businesses," said Basrie.

Hari Setiawan, Executive Vice President of PT Bank Rakyat Indonesia (Persero) Tbk said : "As Representative of JMLAB and all lenders, I hope this collaboration will be useful to support the growth and development of PT Asia Pacific Rayon in increasing production and operations and also supporting the recovery of Indonesia's export growth."

"Support from BCA and other Banks reflect our confidence in APR, and as our contribution to promote a sustainable and environment friendly industry. We hope this cooperation will tighten our relationship as well," said Susiana Santoso, Executive Vice President of PT Bank Central Asia Tbk.


About Asia Pacific Rayon

Asia Pacific Rayon is the first fully integrated viscose rayon producer in Asia. Located in Pangkalan Kerinci, Riau, the company uses the latest production technology to produce high-quality rayon to meet textile needs. APR is committed to becoming a leading viscose rayon producer with the principles of sustainability, transparency and operational efficiency, serves the interests of the community and the country, and provides value to customers. APR is part of the RGE (Royal Golden Eagle) group of resource-based manufacturing companies. Sustainability is fundamental to APR. The APR Sustainability Policy, updated in September 2020, include additional commitments on pulp sourcing and clean manufacturing.


About RGE

RGE Pte Ltd manages a group of resource-based manufacturing companies with global operations. Our work ranges from the upstream, comprising sustainable resource development and harvesting, to downstream, where our companies create diverse value-added products for the global market. Our commitment to sustainable development underpins our operations, as we strive towards what is good for the community, good for the country, good for climate, good for customer, and good for company. RGE was founded in 1973. The assets held by RGE companies today exceed US$20 billion. With more than 60,000 employees, we have operations in Indonesia, China, Brazil, Spain and Canada and continue to expand to engage newer markets and communities. www.rgei.com

AI and Data Platform, SENTIENT.IO closed Series A Round led by Japanese digital media enterprises - Brand Spur
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