Business card organizer ’s parent firm Sansan raises $26.43 million

Must Read

Top 5 cyber threats CIOs need to be aware of in APAC region

COVID-19 pandemic has significantly impacted the security of businesses and individuals worldwide. CIOs need to be aware of emerging challenges in the region.

ESDS awarded as India’s ‘Best Workplaces for Women 2020’

ESDS Software Solution said that it has been awarded as “India’s Best Workplaces for Women 2020” under the Top 50 category, certified by “Great Place to work” organization

Spanish insurer Admiral Seguros uses AI to assess vehicle damage

Admiral Seguros is using an AI solution, developed by the technology company Tractable, which evaluates vehicle damage with photos sent through a web application.

, Inc., the parent company of the Eight app, Japan’s leading business card organizer and professional social networking platform has raised approx. Rs 186 crores ($26.43 million) in Series-E funding, taking funding to date to approx. Rs 7,050 crores (USD 100 million). Sansan’s Series E was led by Japan Post Capital, T. Rowe Price, SBI Investment, and DCM Ventures.

Eight is Japan’s largest professional social networking platform. The app has well over 2 million registered users. The Eight app uses () driven technologies to accurately digitize users’ business cards and helps connect users with their business contacts through a social media framework that transforms business cards into actionable business connections. Having launched in India late last year, the app already has good number of downloads and is slowly expanding its on-ground presence in major cities, starting from Mumbai.

“Professional social networking is gaining momentum in the world”, says Edward Senju, Executive Producer of Eight. He added, “Our vision is to build an innovative global product that enables people to grow their encounters and businesses along with it. With the upcoming trend of building business communities and offline networking gaining more importance again, we aim to bring innovation to help people engage professionally and efficiently. We are thrilled to receive this new round of funding, which will enable us to work better on our new mission, ‘Turning Encounters into Innovation’. The intersection of communication and technology is rapidly evolving, and we are excited to have investors putting their trust in our work.”

As a cloud-based contact management service for businesses, Sansan converts business cards lying dormant within companies into actionable data. While proprietary OCR software is used to instantly digitize each card, actual staff also check each and every card to confirm accuracy. This gives Sansan an unrivalled accuracy rate of 99.9%.

Apart from Eight, Sansan also offers a B2B service which is deployed in over 7,000 companies globally, mostly large businesses, and it has achieved a status as must-have business infrastructure for its clients.

With this Series-E round of funding, Sansan will accelerate its business growth to fulfill the new mission of ‘turning encounters into innovation’ via the combination of new data science, machine learning, and associated technologies. This latest round of funding takes the cumulative total of capital to approximately 11.4 billion yen (approximately Rs 707 crore).

Subscribe to receive the day's headlines from Tech Observer straight in your inbox

Leave a Reply

*The moderation of comments is automated and not cleared manually by techobserver.in. Embedding of any link and use of abusive or unparliamentary language are prohibited.
- Advertisement -

Latest in TECH

Chiratae Ventures launches 7th edition of Innovators Program

Chiratae Ventures has launched their seventh edition of the Innovator’s Program which include a 5-week foundational initiative for the final set of selected startups through mentorship, customer connects and access to capital
- Advertisement -SAP Hana

Related Articles