The text of the Dentsu Inc. news release distributed on October 11 is as follows.
October 11, 2018
Dentsu Ventures 1 Global Fund (hereinafter "Dentsu Ventures"), a corporate venture capital fund operated by Dentsu Inc. (Headquarters: Minato-ku, Tokyo; President: Toshihiro Yamamoto), has invested in Pixel Labs, Inc. (Headquarters: San Francisco; CEO: Razmig Hovaghimian; hereinafter "Pixel Labs"), a U.S. company that develops and provides "Hoodline," a platform that automatically generates article content from information related to local businesses. CEO: Razmig Hovaghimian, hereinafter "Pixel Labs")
Pixel Labs has developed an engine that can automatically generate and manage article content across diverse fields such as tourism, dining, events, real estate, transportation, and safety within a region, using fragmented local information and data. It provides the generated article content to media companies and consumer service providers.
Currently, the company operates in 20 U.S. cities, collaborating with over 200 major media companies and consumer service providers through data partnerships. It plans to expand its business into other regions going forward.
Meanwhile, Dentsu Inc. Ventures will support Pixel Lab's business growth by facilitating operational partnerships between Pixel Lab and various service providers, leveraging its advanced automated content generation technology.
Pixel Lab and Dentsu Inc. Ventures overviews are as follows.
＜Pixel Labs Overview＞
Company Name: Pixel Labs, Inc.
Headquarters: San Francisco, California, USA
Representative: Razmig Hovaghimian (CEO)
Business Description: Develops and provides a platform that automatically generates localized article content
URL:https://pixellabs.io/
<OVERVIEW of Dentsu Ventures>
Name: Dentsu Ventures Global Fund I
Total Fund Size: ¥10 billion
Fund Formation Date: April 2015
Operation Period: Planned for 10 years until March 2025
Investment Regions: Global investments including the U.S., Europe, Japan, and Asia
Investment Stage: Primarily seed/early stage, while also including mid/late stage for a broad, balanced investment approach
Investment Areas:
(1) Areas with the potential to transform the broader marketing/communications business
(2) Innovative, high-potential new domains, even if not fitting the above
URL:http://dentsu-v.com/
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