TAIPEI , Oct. 2, 2024 /PRNewswire/ -- Aiello, a leading startup specializing in Natural Language Processing (NLP), announced today the successful completion of a US$5 million funding round. The round was led by prominent Japanese venture capital firms Cool Japan Fund and CDIB Cross Border Innovation Fund II LP, along with E.
Sun Venture Capital Co., Ltd., and B Current Mstar Impact Investment.
Additional support came from existing institutional backers, JAFCO Asia and Wistron Corporation, further reinforcing confidence in Aiello's strategic direction. As part of this round, Aiello welcomed Kenichi Sawaya from CDIB Cross Border Innovation Fund II LP, a Co-GP fund between CDIB and Cool Japan Fund, to join the board of directors. Sawaya brings a wealth of global experience and strategic insight, which will be instrumental in accelerating Aiello's expansion into Japan .
"We are excited to participate in Aiello's latest funding round. Their AI expertise and innovative, all-in-one hospitality management system will address operational inefficiencies and fragmentation in the hospitality sector, driving sustainable growth amid ongoing labor shortages. We look forward to advancing the digital transformation and elevating hotel services in Japan through this partnership," Sawaya said.
Aiello CEO and co-founder Vic Shen commented, "This funding round is primarily about bringing on board shareholders who offer invaluable experience for our growth. The capital raised will support our inter.