Aiello, a Taipei, Taiwan-based startup specializing in Natural Language Processing (NLP), has secured $5 million in funding.
Investors
The round was led by Japanese venture capital firms Cool Japan Fund and CDIB Cross Border Innovation Fund II LP, with participation from E.Sun Venture Capital and B Current Mstar Impact Investment. Existing investors, including JAFCO Asia and Wistron Corporation, also participated.
Cool Japan Fund is a public-private fund with the aim of contributing to the sustainable growth of Japan's economy through the expansion of overseas demand and supply of attractive products and services unique to Japanese lifestyle & culture. The fund provides risk capital to businesses across various sectors.
CDIB Cross Border Innovation Fund II is a venture capital fund co-managed by Cool Japan Fund and CDIB Capital Group. Located in Tokyo, Japan, the fund invests in both Japan and Taiwan and targets sectors such as mobile commerce, digital transformation, AI, blockchain, and lifestyle.
Kenichi Sawaya from CDIB Cross Border Innovation Fund II LP has joined Aiello's board.
Aiello Use of Funds
The funding round will help Aiello accelerate its international expansion, particularly into Japan and Southeast Asia.
About Aiello
Founded in 2023, Aiello focuses on developing technology solutions for the hospitality industry. The company provides an all-in-one SaaS management platform, Aiello-One, designed specifically for the hospitality sector. This platform includes three core modules—Interface, Operations, and Insight. Its flagship product, Aiello Voice Assistant, is a talk-and-touch voice AI technology solution aimed at enhancing hotel operations and guest experiences while generating insights about customer behavior. Since 2019, Aiello Voice Assistant has been deployed in over 180 hotels, encompassing 20,000 rooms, and has answered over 14 million inquiries from 2.5 million end users in Chinese, Japanese, Thai, and English.
Funding Details
Company: Aiello AI Inc.
Raised: $5.0M
Round: Unknown
Funding Date: October 2024
Lead Investors: Cool Japan Fund, CDIB Cross Border Innovation Fund II LP
Additional Investors: E.Sun Venture Capital, B Current Mstar Impact Investment, JAFCO Asia, Wistron Corporation
Company Website: https://aiello.ai/
Software Category: Voice AI and Hospitality Management
Source: https://www.prnewswire.com/apac/news-releases/aiello-secures-new-funding-to-fuel-expansion-across-japan-and-southeast-asia-302265088.html