Sojitz Invests in Wireless Communications Startup PicoCELA
－ Accelerating the Digital Transformation of Sojitz Group’s Businesses with 5G, AI, and IoT －
Aug. 18, 2020
Sojitz Corporation (“Sojitz”) has acquired stake in wireless communications service startup PicoCELA Inc. (Head Office: Chuo-ku, Tokyo; Representative Director: Hiroshi Furukawa; “PicoCELA”) via third-party allotment of shares, and aims to accelerate the digital transformation (DX) of Sojitz Group’s businesses.
The PicoCELA Backhaul Engine＊1 developed in-house by PicoCELA enables the formation of a high-speed and stable wireless network with a low rate of throughput degradation even with multi-hop relays, allowing for the rapid and inexpensive deployment of a Wi-Fi environment that can also cooperate with next-generation 5G wireless technology. Additionally, PicoCELA’s Wi-Fi devices have edge computing functionality,＊2 which enables data collected by devices on the network to be processed with AI and linked with a cloud management system developed by PicoCELA.
Previously, Sojitz has pursued digital transformation using wireless technology through the development of the IoT network “Sigfox”, an existing wireless communication standard that uses low power wide area (LPWA) technology.＊3 Now, Sojitz plans to combine its accumulated digital transformation expertise and know-how with PicoCELA’s technology to accelerate the digital transformation of its businesses in three target areas: 1) Digitalization/real-time operation of factory and warehouse operations and analysis of monitoring done by IoT sensors and cameras; 2) Cost-reduction of Wi-Fi implementation and marketing analysis in airports, commercial facilities, and buildings; and 3) Digitalization of equipment and devices in healthcare facilities and technology applications for telehealth.
Company Overview – PicoCELA Inc.
|Located||2-34-5 Ningyocho, Nihonbashi, Chuo-ku, Tokyo
SANOS Nihonbashi, 4F
|Representative Director||Hiroshi Furukawa, Director & CEO|
|Main Business||Sales of wireless communication products utilizing patented wireless communication technology, provision of solution licenses, and sales of cloud monitoring systems.|
|Total Capitalization||JPY 796,599,900 (as of August 18, 2020）|