2.5 billion USD Japanese AI startup taps Vietnam market

(VOVWORLD) - AI Inside, a 2.5-billion USD Japanese artificial intelligence startup, has entered Vietnam through a partnership with a local company as part of its global expansion strategy.
2.5 billion USD Japanese AI startup taps Vietnam market - ảnh 1AI Inside staff inside an office. (Photo courtesy of AI Inside)

According to vnexpress.net, the company will partner with OCG Technology, a joint venture between a unit of state-owned Vietnam Posts and Telecommunications Group (VNPT) and Japan's Nippon Telegraph and Telephone, to sell its software to the Vietnam market.

AI Inside’s software converts paper documents into electronic data using artificial intelligence, and its target customers are companies that want to automate manual tasks like typing handwritten forms into spreadsheets.

The five-year-old startup, which claims a 64% market share in Japan’s market for AI-based optical character recognition (OCR) software, has seen its number of contracts for the software double between July and September last year, according to a Nikkei report.

It is also planning to expand to other Asian markets like Thailand and Taiwan, China.