Dentsu Inc. Ventures, a corporate venture capital fund managed by Dentsu Inc., announced an investment in Ninoh, Inc., known for developing "Agolo," a platform that automatically generates summary content.
Dentsu Inc. Ventures, established in April this year, aims to realize open innovation within the Dentsu Group through investments in ambitious startups creating unseen futures and collaboration with portfolio companies. Beyond funding, it supports businesses and entrepreneurs by providing solutions and resources unique to the Dentsu Group for tackling challenges. Ninoh is its second investment.
Ninoh has developed the "Agolo" platform. Using its proprietary natural language and big data analysis engine, Agolo instantly classifies and organizes vast amounts of unstructured data—including reports, articles, social media posts, news, and image data—then re-edits it to automatically generate "summary content" tailored to what people want to know.
Dentsu Inc. Ventures believes that within an increasingly diverse and fragmented media and device environment, the importance of Agolo's technology—which can automatically generate highly accurate content matching individual needs from an accelerating flood of information—will continue to grow. This technology is expected to enable the creation of new forms of media content, the automation of content marketing, and the development of businesses such as content-linked advertising.
Going forward, the Dentsu Group will support Agolo's adoption and new business development.
Overviews of Nino Inc. and Dentsu Inc. Ventures are as follows.
＜Overview of Ninoh, Inc.＞
Company Name: Ninoh, Inc.
Headquarters: New York City, New York, USA
Representative: Sage Wohns (CEO)
Number of Employees: 4
Business Description: Develops "Agolo," an automated platform for generating summary content
URL:http://www.agolo.com/
<OVERVIEW of Dentsu Ventures>
Name: Dentsu Ventures Global Fund I
Total Fund Size: ¥5 billion
Fund Formation Date: April 2015
Operation Period: Planned for 7 years until March 2022
Investment Regions: Primarily overseas, including Europe, the US, and Asia, with a global investment focus
Investment Stage: Primarily seed/early stage, while also including mid/late stage for a broad, balanced portfolio
Investment Areas:
(1) Areas with the potential to transform broad marketing/communication businesses
(2) Innovative, high-potential new domains not necessarily fitting the above
URL: http://dentsu-v.com/
Dentsu Inc. News Releasehttp://www.dentsu.co.jp/news/release/2015/0828-004131.html
