Japan’s LPixel raises US$7M to help scientists and doctors with their research
The money will go towards enhancing LPixel’s R&D tech and accelerating global expansion
LPixel, a University of Tokyo startup imaging analysis company that helps scientists with their research, announced today it has raised a US$7 million Series A.
The round was led by JAFCO, a Japanese and US company that invests in the the life science industry. Mistletoe, Toray Engineering and an unnamed private investor also participated in the round.
The money will be used to enhance LPixel’s R&D of its AI technology as well as helping to expand the company globally.
Also Read: 3 tips for entering the Japanese startup ecosystem from a local investor
What LPixel does is provide analytics software to help scientists in the life science field advance their research. For example, one of the tools it provides motion tracking, color analytics and 3D plant measurement mechanisms.
While it can be used by scientists, it also has applications in medicine. The National Cancer Center Japan used LPixel during a joint research project.
According to the company, Japan has the most CT and MRI machines per 1 million people in the world, providing a large market for an analytics company like LPixel.
Also Read: Is the Synesthesia Suit the future of VR gaming?
The company was founded in 2014 by Yuki Shimahara, a former life sciences graduate from the University of Tokyo.
—
Copyright: epstock / 123RF Stock Photo
The post Japan’s LPixel raises US$7M to help scientists and doctors with their research appeared first on e27.
