# DeepX

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/deepx

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: https://deepx.co.jp
- Total disclosed funding: $15M
- Latest round: Series A (Jul 31, 2020)
- Investors on record: 4

## About

DeepX, Inc. is a Tokyo-based company specializing in the automation of construction machinery using advanced robotics and artificial intelligence technologies. Their solutions enhance operational efficiency and reduce labor costs for construction projects.Founded in 2016 in Tokyo, Japan, DeepX, Inc. focuses on automating construction machinery. The firm has engaged in 2 deals, with its most recent funding round being a GRANT of JPY 299 million received on November 21, 2020, raising the total amount to JPY 1,600 million. The company was established by individuals with expertise in robotics and AI, although specific details about the founder’s history are not available.DeepX, Inc. specializes in the automation of construction machinery through advanced robotics and artificial intelligence technologies. The company offers autonomous operation technologies for heavy equipment like excavators, backhoes, and bulldozers, aimed at enhancing operational efficiency and reducing labor costs in construction. The firm primarily serves construction firms and heavy machinery operators within Japan, with future aspirations to expand into other regions where construction automation is emerging.DeepX's revenue model is based on B2B transactions, focusing on partnerships with construction companies. The company generates revenue through direct sales of its automation technologies and provides tailored solutions to meet client needs. Revenue is derived from the sale of flagship products, including autonomous operation technologies, with potential ongoing revenue from support and maintenance services as clients integrate these solutions into their operations.In November 2020, DeepX, Inc. received JPY 299 million in GRANT funding from MLIT Japan, which will be utilized to address administrative issues. The company is expected to develop new products aimed at enhancing its automation offerings, although specific product launch dates have not been disclosed. Additionally, DeepX plans to expand into new markets, targeting regions where construction automation is gaining traction, although specific regions for expansion have yet to be outlined.

## Funding rounds

- Series A, Jul 31, 2020, $15M — Fujita Corp, SPARX Group, SBI Investment, Industrial Growth Platform, Inc.

## Investors

- Fujita Corp — Series A
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series A
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series A
- Industrial Growth Platform, Inc. — Series A