SBI Investment

Cellid is a developer of hardware and software products focused on augmented reality technology. The company specializes in display modules, particularly waveguides, and spatial recognition engines designed for AR glasses. Its offerings include a range of products such as micro projectors, model builders, and position finders. These innovations enable users to interact with and recognize data related to human movement and environmental context, enhancing the overall augmented reality experience. Cellid aims to advance the capabilities of AR technology through its proprietary optical simulation and spatial recognition technologies.

Mepsgen is a biotechnology research organization that focuses on pharmaceutical services and drug development.

Asuene provides renewable power retail services for local production and consumption and develops a carbon management platform that enables organizations to track, manage, and report greenhouse gas emissions. The platform integrates data from multiple sources using artificial intelligence to create strategies for reducing pollutants, improving environmental performance, complying with regulations, and advancing sustainability goals.

Founded in Tokyo, Japan in 2016, Nihon Agri facilitates the export of Japanese agricultural products worldwide. It addresses challenges such as pricing, communication, and logistics to expand exports, satisfying both local farmers and global consumers.

Linkflow specializes in developing wearable cameras designed for 360-degree scene capture. Their lightweight neckband cameras feature anti-shaking software, hands-free operation, cloud storage functionality, and seamless mobile integration, enabling users to record their surroundings with virtual reality capabilities.

Captain Fresh is a Bengaluru-based seafood supply chain platform that operates a B2B marketplace designed to improve the efficiency of the fish and seafood value chain. Founded in 2019, the company focuses on aggregating fragmented retail demand across India and connecting it with small fishermen and farmers along the coast. By leveraging technology, including artificial intelligence, Captain Fresh enhances demand-supply matching and standardizes the quality of supplies. The platform also implements digital traceability systems, which assist farmers in negotiating better feed and seed deals while enabling local fishermen and fish retailers to optimize their material and order management processes.

MyDearest Inc. is a Tokyo-based developer and publisher of virtual reality visual novels. Founded in 2016, the company creates and produces immersive VR content, including its flagship FullDive Novel, and offers consulting services for VR production. It provides a catalog of animated visual novels adapted for virtual reality, enabling players to experience stories from a first‑person perspective.

Captain Fresh is a Bengaluru-based seafood supply chain platform that operates a B2B marketplace designed to improve the efficiency of the fish and seafood value chain. Founded in 2019, the company focuses on aggregating fragmented retail demand across India and connecting it with small fishermen and farmers along the coast. By leveraging technology, including artificial intelligence, Captain Fresh enhances demand-supply matching and standardizes the quality of supplies. The platform also implements digital traceability systems, which assist farmers in negotiating better feed and seed deals while enabling local fishermen and fish retailers to optimize their material and order management processes.

Mujin is a Tokyo-based company that develops intelligent robot controllers and factory automation solutions for industrial robotics. It provides a universal controller platform that integrates motion planning with machine vision and programmable logic controllers to automate heavy and repetitive tasks in logistics and manufacturing. The company offers products such as Mujin Controller Sim, a platform for programming industrial robots; Mujin Scanner, which creates 3D models of objects or environments; Pick Worker, a bin-picking system with real-time motion planning; and Laser Worker, a laser cutting system powered by motion planning. In addition to hardware and software tools, Mujin supplies services in robot and controller design, teaching and simulation, legacy-system support, and system integration. Its technology focuses on optimizing offline motions and enabling real-time operation across complex workflows, reducing dependence on manual handling in dynamic industrial settings.

Founded in Tokyo, Japan in 2017, Vark develops innovative virtual event platforms. Their flagship product enables live entertainment experiences within a Metaverse space, offering interactive environments, real-time audience engagement, customizable avatars, and immersive audio-visual elements.

Flyability develops and manufactures flying drones for inspection and exploration of indoor, inaccessible, and confined spaces. Its flagship drone, Elios, is collision-tolerant and enables industrial inspectors to access complex indoor environments safely. The company provides flying kits, spare parts, training, and after-sales support. Founded in 2014 and headquartered in Lausanne, Switzerland, Flyability focuses on industrial inspection to reduce risk by enabling drone operation inside cities, buildings, and near people, supporting inspections of critical infrastructures such as power generation, oil and gas, and maritime facilities, as well as search and rescue and security applications.

Flyability develops and manufactures flying drones for inspection and exploration of indoor, inaccessible, and confined spaces. Its flagship drone, Elios, is collision-tolerant and enables industrial inspectors to access complex indoor environments safely. The company provides flying kits, spare parts, training, and after-sales support. Founded in 2014 and headquartered in Lausanne, Switzerland, Flyability focuses on industrial inspection to reduce risk by enabling drone operation inside cities, buildings, and near people, supporting inspections of critical infrastructures such as power generation, oil and gas, and maritime facilities, as well as search and rescue and security applications.

Rznomics is a biotechnology company focused on developing RNA-based gene therapies and related gene therapy products to treat cancer and other intractable diseases. It aims to create new biopharmaceuticals for cancers, degenerative neurological diseases, and hereditary conditions, including approaches for liver cancer. Originating from Professor Lee Sung-wook’s laboratory, the company has been recognized for technology excellence and was selected by the TIPS program, underscoring its potential in advancing gene therapy.

Token.io develops open banking payment infrastructure, enabling businesses and financial institutions to facilitate account-to-account payments. Its platform offers direct bank connectivity, real-time payment initiation, data access from verified bank accounts, integrated reporting, and settlement tools. This streamlines payment acceptance for merchants, banks, and payment service providers, reducing costs and enhancing customer experience.

iGinet is an AI-based insuretech company that creates a virtuous cycle structure of an advanced insurance ecosystem.

Nearthlab is a Seoul-based technology company that designs and develops autonomous drone systems and AI-powered software for safety inspections in wind and renewable energy sectors, with applications also in defense and public safety. Its products include NearthWIND Pro, an autonomous drone for wind turbine inspection; Zoomable, a cloud-based data platform for inspection data management and analysis; and NearthWIND Mobile, a mobile autonomous flight control solution. The company uses proprietary deep-learning algorithms enabling autonomous flight under low computing power and low-latency conditions, aiming to reduce inspection time from hours to minutes. It holds multiple patents in Korea and overseas and has received venture backing from leading Korean investors.

BIORCHESTRA is a biotech company that develops RNA-based therapeutics for treating neuroinflammatory diseases. They focus on changing the therapeutic paradigm from treating the symptoms to providing a fundamental cure for diseases. BIORCHESTRA develops neuroinflammatory disease therapeutics, with a particular emphasis on comprehensive patient care. BIORCHESTRA's complementary discovery platforms range from diagnosis to treatment monitoring.

Open Financial Technologies Pvt Ltd, established in 2016 and based in Bengaluru, India, specializes in developing an online platform for banking and intercompany settlement. The company provides digital banking services tailored for startups and small to medium enterprises (SMEs), offering digital bank accounts equipped with tools for bookkeeping, invoicing, money transfers, and credit access. Additionally, Open's application programming interface (API) platform enables financial institutions to integrate banking and payment functionalities into their applications and accounting systems.

Mfine is an health-tech startup that offers an AI-powered online doctor consultation app. Their doctors have access to a proprietary Assistive Intelligence platform that can analyze the symptoms and deliver accurate prognosis for the specialist to assess patients. This means, the doctor knows about patients' condition even before they’ve seen them, making the diagnosis quicker and sharper. Mfine aims to make access to trusted healthcare simple, fast and proactive. With a combination of new-age technology and partnerships with best in class hospitals/clinics, they designed mfine keeping consumer experience at its core. Mfine brings in instant and continuous connectivity with top doctors of the best hospitals. It uses cutting edge technology to keep track of your health parameters and keep all your health data in your control and easily accessible. Digital wearable devices, mobile app, and at-home services bring in the much-needed convenience and speed in getting you the right care when you need it. Mfine was founded in 2017 and is based in Bengaluru.

Molcure is a biopharmaceutical company focused on antibody and peptide drug discovery. The company combines expertise in next-generation sequencing, bioinformatics, and antibody biology with an automated discovery system to identify high-quality antibody candidates and peptide therapeutics, aiming to shorten research and development timelines for pharmaceutical partners. Its Abtracer platform provides antibody sequence screening to detect functional candidates, and its SmartLabModule integrates IoT-enabled laboratory workflows to support efficient science. Through in-house capabilities and partnerships, Molcure seeks to advance therapeutic antibodies and related therapies, focusing on improving patient outcomes. Founded in 2013 and based in Tokyo, Molcure positions itself as a partner for therapeutic antibody discovery, offering automation and knowledge to accelerate discovery processes.

Ispace Technologies is a Tokyo-based company specializing in space resource exploration, particularly focused on developing micro-robotic technology to facilitate the identification, extraction, and transportation of lunar resources, such as ice, essential for sustaining human life in space. Founded in 2013, Ispace is recognized for its innovative approach, utilizing 3D printing and commercially available products to create efficient and cost-effective solutions. The company is also involved in the Google Lunar XPRIZE Competition through its Team HAKUTO, which has gained recognition for its advancements in mobility and aims to land a privately funded robot on the Moon. Ispace’s micro-robots are designed to explore larger lunar areas quickly and economically, making significant strides towards establishing a sustainable presence in outer space.

ExoCoBio Inc. is a South Korean company founded in 2017 that specializes in the development of biopharmaceuticals and cosmeceuticals derived from stem cell-derived exosomes. These nano-vesicles play a crucial role in intercellular signaling, facilitating skin and tissue regeneration. ExoCoBio focuses on creating innovative therapeutics and cosmetic products aimed at enhancing health and promoting regeneration, particularly in skin and hair. By leveraging the unique properties of exosomes, the company aims to provide effective alternatives in regenerative medicine and improve overall well-being.

Brandi is a vertical commerce company founded in 2014 and headquartered in Seoul, South Korea. It operates a retail platform specializing in the fashion and beauty sectors, providing both B2C and B2B shopping experiences. Brandi offers a diverse range of products, including clothing, cosmetics, and home interior items. The company focuses on creating a connected ecosystem that links manufacturers, wholesalers, and consumers, thereby aiding young individuals in engaging with current fashion trends. Through its platform, Brandi aims to make various clothing brands accessible to customers at affordable prices.

Quadrac is a company that specializes in developing, manufacturing, and selling telecommunication devices and payment servers for public transportation systems. Its primary product, Q-CORE, is a high-speed server designed to consolidate fare calculation, payment processing, and security functions at train station ticket gates. The company's digital payment platform facilitates real-time mass financial transactions, including automatic ticket gates, e-money, and online transactions. Quadrac aims to enhance user convenience by offering diverse payment methods and contribute to the realization of a cashless society.

Founded in Tokyo, Japan in 2014, Repro develops a mobile analytics solution that provides insights into app users' behavior through play-by-play videos. It offers application growth support consulting and in-app messaging services to improve conversion rates and enhance user engagement.

Buzzvil Co., Ltd. is a South Korean company specializing in lock screen advertising solutions. Founded in 2012 and headquartered in Seoul, Buzzvil offers Honeyscreen, a mobile application that turns smartphone lock screens into advertising spaces, and Buzzscreen, a software development kit (SDK) for Android that integrates advertisements into various applications. The platform serves both publishers and advertisers, enabling them to engage users effectively while providing unique advertising opportunities. By leveraging machine learning, Buzzvil aims to enhance digital marketing campaigns, fostering greater user interaction and improving conversion rates. The company is focused on expanding its offerings beyond traditional mobile screens to reach a wider audience and create new advertising inventories with diverse user interfaces.

Ripple Labs operates a global payments network using blockchain technology. It offers RippleNet, connecting banks, payment providers, digital asset exchanges, and corporates for cross-border payments. Key solutions include XRP (a digital asset for payments), xCurrent (for banks), xRapid (for payment providers), and xVia (for corporates). The company is headquartered in San Francisco with additional offices globally.

LeapMind Inc. is a Tokyo-based company established in 2012 that specializes in developing hardware architecture and platforms for deep learning applications. The company focuses on making deep learning technology more compact and accessible, enhancing the Internet of Things (IoT) through its concept of the "Deep Learning of Things" (DoT). LeapMind's innovations include the Juiz deep learning circuit designed for use with field programmable gate arrays (FPGA), which allows for efficient implementation of deep neural networks. The company also conducts research to create algorithms that improve the accuracy of neural network models while significantly reducing their computational complexity, facilitating the use of advanced deep learning capabilities in small computing environments. This approach aims to streamline complex technologies for the IoT and robotics sectors, enabling wider adoption and enhanced functionality.

UniFa develops LookMee, an AI- and IoT-powered healthcare solution designed to track kindergarteners’ physical and mental growth. The system includes LookMee Nap Check, an IoT sensor for monitoring nap times; a smart thermometer for body temperature; and LookMee Photo, a data-sharing service that collects information from children at kindergarten to provide parents with regular updates on their child’s well-being.

Fresh Easy is a distributor of meal kits.

Founded in 2014, Gojo & Company is a Tokyo-based holding company that enables financial inclusion for underserved communities worldwide. It invests in and partners with microfinance institutions across Southeast Asia, South Asia, Central Asia, the Caucasus, and Africa, aiming to provide access to financial services regardless of one's background.

Atonarp Inc. is a scientific instrumentation company based in Tokyo, Japan, with additional offices in Fremont, California, and Bengaluru, India. Founded in 2009, Atonarp specializes in the design and manufacture of advanced tools for molecular analysis, particularly in the pharmaceutical, semiconductor, petrochemical, and energy sectors. The company offers a range of products, including the AMS 1000, a cloud-connected and AI-enabled mass spectrometer capable of real-time chemical analysis, and the LyoSentinel, a miniaturized mass spectrometer focused on gas detection in lyophilization processes. Atonarp's innovative spectrometers enhance the monitoring of critical parameters, such as vacuum integrity and contamination, thereby ensuring compliance and process efficiency. By integrating advanced electronics and data processing algorithms, Atonarp aims to deliver significant improvements in cost, size, and accuracy for gas-composition analysis instruments.

JX Press is a Japanese technology‑driven news organization described as a virtual news agency. Its FASTALERT service uses artificial intelligence to detect and deliver breaking bulletins on accidents, natural disasters, and other incidents to major television broadcasters in Japan and to many local stations. The company also operates NewsDigest, a consumer app that automatically delivers AI-identified news bulletins. JX Press collaborates with leading media groups in Japan, such as Kyodo News, TV Asahi, Fuji TV, and the Nikkei Group, providing computerized reporting to major media. In addition, it runs a data intelligence platform that combines bots and AI to generate content related to breaking events and disasters, and includes a social listening tool that aggregates brand-related information from multiple platforms while filtering misinformation, enabling AI-based marketing insights. Through automated reporting, media partnerships, and brand monitoring, the company positions itself as a modern, technology-driven news provider.

Creema operates an online marketplace for handmade products, connecting creators and consumers to buy and sell directly online. It offers social commerce features, events, and related services, supporting a global community of makers. The platform covers a wide range of categories including accessories, jewelry, toys, bags, stationery, pet goods, baby items, fashion, furniture, art, and tableware. Creema also organizes exhibitions and events at permanent stores to showcase creators and manages initiatives such as the handmade in Japan festival and craft parties. Headquartered in Tokyo, Japan, it was founded in 2009 and focuses on empowering creators through its marketplace and event programs.

CYNORA GmbH is a Bruchsal, Germany-based company specializing in the development and manufacturing of organic electronics, particularly for organic light-emitting diode (OLED) displays. Founded in 2008, CYNORA focuses on creating advanced materials that utilize Thermally Activated Delayed Fluorescence (TADF) technology to produce efficient blue and green emitters. These emitters are designed to enhance the power efficiency and color contrast of OLED devices, addressing the growing demand for thinner, flexible screens with improved performance and lower energy consumption. By providing iridium-free, purely organic emitter systems tailored for modern vacuum processing, CYNORA aims to deliver significant value to OLED producers and meet the evolving expectations within the display market.

WAUG is a global tour and activity reservation platform. It facilitates travel planning by allowing users to search, compare prices, and book various activities such as museum tours, theme park visits, and extreme adventures worldwide via its mobile app and website.

Onfido Limited, established in 2010 and headquartered in London, specializes in digital identity verification. The company offers a SaaS solution that uses AI-based technology to verify government-issued IDs and match them with facial biometrics, ensuring users' identities are genuine. Onfido's platform is employed in various sectors, including financial services, marketplaces, gaming, and e-commerce, for applications such as KYC, user onboarding, and fraud detection. The company operates globally with offices in major cities like San Francisco, New York, Lisbon, Paris, New Delhi, and Singapore.

Founded in 2014, Space Market operates an online platform facilitating on-demand rental of idle spaces in Japan and overseas. Its platform, spacemarket app, enables users to search and reserve spaces for various purposes such as events, offices, pop-up stores, and storage.

Quantum Biosystems Inc. is a company focused on the development of quantum bio sequencing technologies. Founded on January 7, 2013, and based in Yodogawa-ku, Japan, the company specializes in innovative single-molecule DNA and RNA sequencing systems. By applying principles of quantum mechanics, Quantum Biosystems aims to enhance the analysis of whole genomes, providing clients with advanced tools for gathering genetic data. Their systems have broad applicability, enabling researchers to unlock genetically modified codes and promote advancements in various fields of study. Through its pioneering technology, Quantum Biosystems is positioned to make significant contributions to the field of genomics.

Origami is a mobile platform that specializes in cashless payments, aiming to transform the future of money, payment, and commerce. Established in 2012, Origami enables users to make transactions seamlessly by connecting to the internet, bridging the gap between online and offline shopping experiences. The platform has been adopted nationwide, facilitating payments at convenience stores, fast food chains, taxis, department stores, and various retail shops. By providing a unique marketplace, Origami allows consumers to discover and purchase products from leading international brands, enhancing the overall shopping experience through mobile technology.

WHILL designs and manufactures personal mobility products for indoor and outdoor use, aiming to shift perceptions of mobility devices through advanced technology and thoughtful design. Founded in 2013 and headquartered in San Carlos, California, WHILL develops intelligent personal electric vehicles and mobility solutions that enable mobility-as-a-service, including on-demand fleets and short-term rentals. The company seeks to make public spaces such as airports, hospitals, and vacation destinations more accessible and to empower wheelchair users to lead independent, liberating lives by providing transportation that can be driven on public roads without the need for a driver's license.

BitStar Inc. is a Tokyo‑based company founded in 2014 that offers a comprehensive suite of services for video and content creators. Its platform accelerates creator growth by providing content production, brand development, and data analytics tools. The firm also supplies influencer marketing and support services, including promotion through advertising solutions for travel, gaming, cosmetics, automotive, toy, and consumer goods sectors, as well as event management such as pop‑up stores and off‑sessions. Additional services cover merchandising, VTuber and music production, fan‑letter and gift handling, and accounting. BitStar operates an online fan club called Costa and facilitates media appearances on television, magazines, and other outlets, while enabling overseas casting. The company partners with advertising networks to help creators, enterprises, and entertainment entities enhance audience engagement and build sustainable digital brands.

ABEJA, Inc. is a Japanese company founded in 2012, specializing in artificial intelligence software designed for retailers and manufacturers. Based in Minato-Ku, the company integrates advanced technologies such as IoT, big data, and deep learning into its platform, enabling sophisticated data analysis and operational automation. ABEJA's services encompass the entire pipeline of machine learning and deep learning, from data generation and collection to processing, analysis, and AI modeling. The company's solutions are tailored to meet the specific needs of various industries, particularly in retail, manufacturing, and infrastructure, facilitating digital transformation through continuous and stable operations.

Yanolja is a Seoul-based global leisure and travel platform offering online booking for accommodation, leisure activities and transportation. It provides information and booking capabilities for hotels worldwide and operates a technology platform that serves hotels, residences, food and beverage venues, and leisure facilities with cloud-based software solutions. The company uses technologies such as artificial intelligence, blockchain and the Internet of Things to link suppliers and customers across the travel value chain, delivering integrated services from discovery to booking. Founded in 2005, Yanolja aims to simplify and unify travel experiences on a global scale.

Founded in Tokyo, Japan in 2012, Xica specializes in applied data science. It offers MAGELLAN, Japan's leading Marketing Mix Modeling tool, supporting over 200 major brands. The company automates, visualizes, and optimizes both offline and online marketing effectiveness.

FLOSFIA INC. is a Tokyo-based company that focuses on the development of corundum structured Gallium Oxide semiconductor power devices. Founded on March 31, 2011, the company emerged as a spin-off from research conducted at Kyoto University. FLOSFIA specializes in film-formation using mist chemical vapor deposition (CVD) techniques, leveraging the unique physical properties of gallium oxide (Ga2O3) to create high breakdown voltage and high efficiency power devices. The firm is dedicated to advancing low-loss power device technology, contributing to the evolution of semiconductor applications.

Founded in 2013, Kaizen Platform Inc. offers a digital marketing platform enabling brands, agencies, and freelancers to collaborate on creating and testing customer journey experiences across mobile, social media, display ads, and landing pages. Serving sectors like retail, finance, travel, and tech, the company combines multichannel marketing software with a cloud of designers and copywriters for improved performance.

FLOSFIA INC. is a Tokyo-based company that focuses on the development of corundum structured Gallium Oxide semiconductor power devices. Founded on March 31, 2011, the company emerged as a spin-off from research conducted at Kyoto University. FLOSFIA specializes in film-formation using mist chemical vapor deposition (CVD) techniques, leveraging the unique physical properties of gallium oxide (Ga2O3) to create high breakdown voltage and high efficiency power devices. The firm is dedicated to advancing low-loss power device technology, contributing to the evolution of semiconductor applications.

Goodpatch, Inc. is a design-focused company headquartered in Tokyo, Japan, that specializes in UI/UX design consulting services. Founded in 2011, it offers a range of services including product design, business model design, brand experience design, and organizational design. Additionally, Goodpatch provides software development services and various tools to support designers and teams, such as Prott, a prototyping tool that facilitates team collaboration, and Athena, an XR tool for designing and testing connected car experiences. The company also runs ReDesigner, a career support service for designers, and operates Goodpatch Anywhere, a fully remote design team.

BitFlyer, Inc. is a virtual currency exchange and blockchain development service provider based in Minato-ku, Japan. Established in 2014, it specializes in facilitating transactions in various digital currencies, including Bitcoin, Ethereum, and Litecoin, among others. BitFlyer offers a comprehensive platform that enables customers to buy, sell, and spend cryptocurrencies securely. It features multiple markets, including a Bitcoin marketplace and altcoin exchanges, along with advanced services such as an application programming interface for custom account management. Additionally, BitFlyer provides e-commerce payment solutions that allow businesses to accept Bitcoin, enhancing the overall trading experience. The company also operates fundFlyer, a crowdfunding platform designed to support projects through Bitcoin funding.

Gengo, Inc. is a translation service provider that operates a professional human translation platform, facilitating connections between individuals and businesses and a community of over 18,000 qualified translators from 114 countries. Founded in 2008 and headquartered in Tokyo, Japan, with an office in San Mateo, California, Gengo offers its services through a web platform and an open API, enabling clients to order translations for various content types, including product descriptions and social media posts, in multiple languages. The company serves a diverse clientele, including notable names such as JTB, TripAdvisor, BuzzFeed, and Rakuten. Gengo's platform is designed to provide higher quality translations compared to machine translation, while also ensuring quicker delivery times than traditional translation service providers. As of December 31, 2018, Gengo operates as a subsidiary of Lionbridge Technologies, Inc.