University of Tokyo-founded VC firm Deep 30 has pumped money into apparel industry services provider Liaro, which will use the cash to ramp up recruitment and R&D.
Japan-based apparel industry services provider Liaro has received ¥60m ($530,000) in a round backed by Deep 30, a venture capital firm spun out from University of Tokyo, TechCrunch Japan has reported.
Artificial intelligence-focused incubator Deep Core also took part in the round.
Founded in 2014, Liaro provides the apparel industry with artificial intelligence-powered services designed to cut costs while improving accuracy and efficiency. Its tools include a product recommendation engine and a computer vision-powered system to tag clothes.
Liaro will use the cash to recruit more engineers to support research and development as it aims to sign up more clients for its services.
The company received an undisclosed sum from Skyland Ventures in 2016 and has also been backed by East Ventures, though further details of the latter’s investment could not be ascertained.
