#Japan #Tokyo #IoT Platform #obniz #Kintetsu

New Shareholder Announcement: Kintetsu Venture Partners Joins obniz

obniz Inc., headquartered in Toshima, Tokyo, has exciting news as it invites Kintetsu Venture Partners, a corporate venture capital entity based in Osaka, to join as a new shareholder. This collaboration aims to advance IoT technology adoption, contributing to enhanced efficiency and adding value across operations of the Kintetsu Group.

IoT Vision of obniz

Founded with the vision of making IoT accessible to everyone, obniz has developed an innovative operating system for IoT and offers hardware and a cloud platform that enables remote monitoring, control, and maintenance of devices across various sectors. The company believes that everyone should benefit from IoT, and through its proprietary solutions, it aims to transform numerous domains.

With Kintetsu Group's interests in leveraging IoT technology, this partnership is set to explore new avenues for digital transformation (DX) initiatives in their operations. Kintetsu’s commitment highlights the dynamism in the Japanese market where compared to the West, the penetration of IoT in businesses remains relatively low.

Insights from Investors

Commenting on the partnership, Hirotoshi Ashitaka, a director at Kintetsu Venture Partners, noted the growing necessity of integrating IoT into daily life and business, especially considering Japan's aging population and declining workforce. He stated that IoT by obniz lowers the barriers to adoption, allowing even those without specific engineering resources to easily leverage IoT technology.

This significant move opens opportunities for the Kintetsu Group to explore IoT solutions from different angles, promising to deliver new value to society through their collaborative efforts with obniz.

About the Company

obniz is identified as a startup striving for a world where IoT benefits can be easily accessed by everyone. Its flagship IoT devices come equipped with an operating system that allows seamless internet connectivity of sensors and machinery, providing a rapid and low-cost way to implement IoT solutions that do not require extensive software development.

Come January 2025, obniz plans to showcase its latest offerings at CES 2025, introducing the 'Intelligent Edge Series'. This series integrates LTE, Wi-Fi, LPWA, among other technologies, catering to industrial machinery and public infrastructure by analyzing operational statuses and error predictions in real-time, thereby optimizing maintenance processes.

These innovative hardware solutions work in tandem with the cloud system