# Genial Technology Co.

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

- Industry: Software
- Headquarters: Japan
- Website: www.genialtech.io/ja
- Total disclosed funding: $0.4M
- Latest round: Series A (Oct 17, 2022)
- Investors on record: 1

## About

Established in 2017 and based in Hiratsuka, Japan, Genial Technology Co., Ltd. develops and provides a self-learning audit platform that helps manage and analyze the handling of paper and electronic files through AI technology. Akiyu Abegawa is the founder and CEO of the company. In October 2022, Genial Technology raised JPY 60 million in venture funding from Incubate Fund. The firm also has an office in the US.

The company offers Genial AI, a self-learning audit technology that automates document verification. GenialAI is used by auditors to automate verification processes like sales testing and support human judgments like sampling.

GenialAI uses AI to collect and analyze accounting data from ERP systems, and its work process includes sample selection, test item definition, review match results, reconciliation details review, document management, OCR settings, running OCR, reviewing OCR results, and providing security.

The enterprise generates revenue through its subscription plans, such as the JPY 180,000 per year licence (IT admin) and the JPY 120,000 per year licence (other user types).

The organization plans to use the October 2022 funds to further accelerate product development.

## Funding rounds

- Series A, Oct 17, 2022, $0.4M — Incubate Fund

## Investors

- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Series A