FinTech

Lilz Raises ¥430M to Advance Five-Sense Inspection Tech

LiLz Inc., a company that provides IoT and AI solutions for remote inspection of manufacturing industries such as plants, is pleased to announce that it has completed raising funds totaling approximately 430 million yen through a third-party allotment of new shares to existing shareholders and new investors Mitsubishi UFJ Capital, Mitsui Sumitomo Insurance Capital, YMFG Capital, Kagoshima Development, BOR Venture Fund II Investment Limited Partnership (investors: Ryukyu Capital, Bank of the Ryukyus), and BOT Lease. By combining AI with completely wireless fixed-point IoT cameras that do not require power or network construction, we have achieved remote and labor-saving daily visual inspections at industrial sites. On the other hand, there are still many patrol inspections that use the five senses other than sight, such as sound and smell. At industrial sites…