# ASIOT Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/asiot-co

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.asiot.jp
- Latest round: Seed (Dec 7, 2020)
- Investors on record: 2

## About

Based in Japan, ASIOT Co., Ltd. specializes in AIoT solutions that enhance industrial efficiency through innovative technology, focusing on automating data collection processes in various sectors.Founded in 2020 and headquartered in Tokyo, Japan, ASIOT Co., Ltd. develops AIoT solutions to improve industrial processes. The company has raised JPY 180 million in its latest funding round held on December 7, 2022, from FIRSTLIGHT Capital, bringing the total amount raised to JPY 180 million with a current valuation of JPY 631.031 million.ASIOT Co., Ltd. specializes in developing AIoT (Artificial Intelligence of Things) solutions aimed at transforming industrial processes through innovative technology. Their flagship product, "A Smart," is an edge AI-based automatic meter reading service designed to facilitate IoT integration in various industrial settings. This service leverages AI functionalities on devices such as cameras and sensors to collect and visualize previously inaccessible data, enhancing operational efficiency in sectors like utilities, including electricity, gas, and water. The company's aim is to support clients in accelerating their digital transformation (DX) efforts, thereby enabling a greater focus on creativity and innovation among the workforce. ASIOT's offerings are primarily marketed to industries that require advanced data collection and processing solutions, with a significant presence in markets such as Japan and other parts of Asia.Revenue generation for ASIOT is structured around partnerships and B2B transactions, centered on the implementation of their AIoT solutions. The company engages in direct sales of its products to clients, which may include utility companies and industrial firms seeking to modernize their operations. This business model often incorporates subscription-based services for ongoing support and system updates related to their core offerings, such as "A Smart." Revenue is derived from initial setup fees as well as recurring charges for maintenance and service upgrades, emphasizing long-term relationships with clients and fostering sustained revenue through continual enhancements and support of their AIoT platforms.In December 2022, ASIOT Co., Ltd. raised JPY 180 million in venture funding from new investor UB Ventures. The company intends to utilize these funds for recruitment and product development, which will support the design of upcoming products aimed at expanding their market reach. Additionally, ASIOT plans to enter new geographic regions across Asia to broaden its client base and enhance its service offerings.

## Funding rounds

- Seed, Dec 7, 2020 — SOSV, HAX

## Investors

- SOSV (https://capitalatlas.ai/funds/sosv) — Seed
- HAX — Seed