Japan’s SBI Holdings Invests $15 Million In AI Startup AntWorks



Japanese financial services giant SBI Holdings has invested $15 million in AntWorks, a three-year-old artificial intelligence company. The purpose of the memorandum of understanding (MoU) is to establish a joint venture company with AntWorks to operate businesses in Asia, said SBI in a statement.

AntWorks has been developing and providing operations processing automation platform called Robotic Process Automation (RPA). This platform delivers services ranging from AI-based data recognition to automating operations.

Subscribe to our Newsletter

Join our editors every weekday evening as they steer you through the most significant news of the day, introduce you to fresh perspectives, and provide unexpected moments of joy
Your newsletter subscriptions are subject to AIM Privacy Policy and Terms and Conditions.

Yoshitaka Kitao, president at SBI Holdings, told a leading daily, “AntWorks has risen through the ranks of global RPA, automation and artificial intelligence companies with a ferocity that’s unprecedented in the industry. We are excited about the possibilities of ANTstein, and look forward to their growth in the Asian region through our joint venture, as well as globally.”

AntWorks is led by CEO Asheesh Mehra; CFO Govind Sandhu and CTO Dr Venkat, who continue to shape the company and set the course for the future. They have offices in Singapore, Chennai, London, among other cities.

AntWork’s platform is excellent for data recognition because it uses a fractal theory-based AI technology to read data in non-unified format documents called non-standard format documents, which account for 90 percent of all in-company documents.

The platform also has Machine Learning and Natural Language Modelling capabilities which makes it one of the most comprehensive end to end automation platforms available.

SBI Holdings and AntWorks will now focus on countries in Asia, such as Japan, China, South Korea, and Indonesia. Going forward, by utilising the SBI Group’s network, including SBI FinTech Incubation SBI Holdings and AntWorks will strive to introduce products and services to domestic and overseas financial institutions through.

SBI A&B Fund of SBI Investment has been actively investing in promising start-up companies inside and outside Japan in sectors such as AI and blockchain, including the FinTech sector, which is being carefully watched globally, as well as the IoT, robotics, and the sharing economy, which have close links to these technologies.

Prajakta Hebbar
Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.

Download our Mobile App


AI Hackathons, Coding & Learning

Host Hackathons & Recruit Great Data Talent!

AIM Research

Pioneering advanced AI market research

Request Customised Insights & Surveys for the AI Industry

The Gold Standard for Recognizing Excellence in Data Science and Tech Workplaces

With Best Firm Certification, you can effortlessly delve into the minds of your employees, unveil invaluable perspectives, and gain distinguished acclaim for fostering an exceptional company culture.

AIM Leaders Council

World’s Biggest Community Exclusively For Senior Executives In Data Science And Analytics.

3 Ways to Join our Community

Telegram group

Discover special offers, top stories, upcoming events, and more.

Discord Server

Stay Connected with a larger ecosystem of data science and ML Professionals

Subscribe to our Daily newsletter

Get our daily awesome stories & videos in your inbox

Subscribe to Our Newsletter

The Belamy, our weekly Newsletter is a rage. Just enter your email below.