Jan. 09, 2018
Sumitomo Corporation Invests in US Developer of Cloud Platform for Mobility Service
Sumitomo Corporation (head office: Chuo-ku, Tokyo; Representative Director, President and Chief Executive Officer: Kuniharu Nakamura) through Sumitomo Corporation of Americas (head office: New York, the United States; Representative: Shingo Ueno) (hereinafter collectively referred to as “Sumitomo Corporation Group”) is pleased to announce its investment in ActiveScaler Inc. (head office: California, the United States; CEO: Abhay Jain; hereinafter “AS”), a start-up developing cloud platform for mobility service using in-vehicle hardware and artificial intelligence (AI).
AS has proprietary devices that can be mounted on taxis, trucks, and so on, which it has developed for mobility operators, as well as expertise in AI-powered cloud-based analysis of fleet and road status collected from in-vehicle devices. AS provides mobility operators with real-time accurate analysis, allowing for more efficient and safe management of the transportation business. AS already started service in India in 2015 and carried out data analysis on 35,000 vehicles for a total of 400 companies, demonstrating superior reliability and scalability of its cloud platform and contributing to efficiency improvement of its client companies. AS has a plan to launch its service in North America and Asia in the second half of fiscal 2018, and will expand to cover East Asian countries and increase the number of vehicles covered by its service in the future.
The Sumitomo Corporation Group is paying attention to business opportunities that become available with structural changes in the automotive industry, and contributes to the development of next-generation mobility society by supporting AS with this investment.
|1．||Company name||：||ActiveScaler, Inc.|
|3．||Head office||：||Mountain View, California|
|4．||Business||：||Provision of in-vehicle devices and cloud service, as well as connected AI platform for taxi service operators, logistics operators, fleet operators, and MaaS players|
■Sumitomo Corporation’s Material Issues
Sumitomo Corporation Group positions “Six Material Issues to Achieve Sustainable Growth with Society” as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This Project especially contributes to “Achieving Harmony with the Global Environment” and “Contributing to the Development of Local Communities and Industries” and “Establishing a Foundation for Comfortable and Enriching Lifestyles” and “Providing Diverse “Accessibility”