# VAAK

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

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.vaak.co
- Total disclosed funding: $1.8M
- Latest round: Series B (Dec 26, 2019)
- Investors on record: 2

## About

Based in Japan, VAAK Inc. specializes in developing advanced artificial intelligence solutions for security applications, notably through its flagship product VAAKEYE, enhancing situational awareness and safety across various sectors.VAAK Inc. was founded in 2017 in Tokyo, Japan, and focuses on AI-driven security solutions. The company has completed three funding deals, with the most recent being a SERIES B round in February 2020, raising JPY 80 million from Eltes Co., Ltd. Ryo Tanaka serves as the CEO, and the firm's valuation stands at JPY 1,630.535 million.VAAK specializes in advanced artificial intelligence solutions designed to address various societal challenges through its core product, VAAKEYE. This offering includes behavior and anomaly detection capabilities that analyze surveillance footage, enhancing situational awareness and security management. The VAAKEYE line includes variations like VAAKEYE Light, tailored for budget-conscious users, and a model specifically designed for monitoring forklifts in industrial settings. Their products serve diverse sectors such as manufacturing, retail, and public spaces. Notable clients include Kyocera and Mitsui Fudosan, and VAAK's technology aims to streamline security operations and optimize data analytics for improved safety and efficiency.VAAK generates revenue primarily through a subscription-based model for its AI surveillance products, including the flagship VAAKEYE series. Clients pay a monthly fee for access to the software, with pricing tiers reflecting various features and services. Additionally, VAAK partners with businesses to offer tailored solutions, fostering a B2B relationship that includes AI monitoring center support and video data extraction, ensuring clients can efficiently implement intelligent surveillance systems.VAAK Inc. aims to enhance its product line and expand its market reach following its SERIES B funding in February 2020, which raised JPY 80 million. The company is currently focused on developing new product iterations of VAAKEYE that are expected to launch within the next year. VAAK plans to expand its footprint into international markets, particularly targeting Southeast Asia and North America by 2025. The recent funding will be utilized to support product development and market entry initiatives.

## Funding rounds

- Series B, Dec 26, 2019, $1.4M — Mitsui Sumitomo Insurance Venture Capital
- Seed, May 31, 2018, $0.5M — Deepcore

## Investors

- Deepcore (https://capitalatlas.ai/funds/deepcore) — Seed
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series B