Furthering the Advancement of High Quality Global Interconnectivity Solutions
NEW YORK, NY – March 15, 2012 – KDDI America Inc., the U.S. division of KDDI CORPORATION, a Fortune Global 500 company and worldwide leader in international telecommunications services, announces today that KDDI Corporation, in partnership with Global Brain Corporation, has established a new $66 million (5 billion yen) investment fund, which assists startup companies in the United States, Japan and other Asia-Pacific regions. The fund, aimed primarily at companies in the mobile space, represents the first corporate venture capital fund established by KDDI.
Global Brain Corporation, a Japanese venture capital firm that focuses on seed- and early-stage businesses, will manage the fund for KDDI. Through the fund, KDDI will invest in a series of cooperative activities; provide support service development and platforms for cloud services; and cooperate in promotional activities that assist the growth of startup companies.
“We are honored to establish this monumental fund, which offers support for companies that truly embody both entrepreneurial and technological spirit throughout the globe,” comments Yasunori Matsuda, Senior Director, CSO Global at KDDI. “The combination of KDDI’s knowledge and assets, along with Global Brain’s investment and management support capabilities, is exactly what is needed to accelerate cooperative activities with these promising startup companies.” ”
As a proven venture capital firm, Global Brain seeks to build as many excellent ventures as possible, and is looking for startups with established services or technologies, primarily in Smart Phone related sectors,” adds Global Brain President and CEO Yasuhiko Yurimoto. “In partnering with KDDI Corporation, an innovative company that makes the same strides for success as we do — in terms of commitments, strong track records, and expertise, we are also looking out for ventures that can align well with KDDI as an international telecommunications leader.”
According to the firm, opportunities in the U.S., Singapore, China, Korea, and Taiwan are strongest at the moment. Other up and coming regions include India, Indonesia, Vietnam, and Malaysia.
For more information, please contact KDDI America at marketing@kddia.com or call us at 1-866-348-3370 to speak to a salesperson.
About KDDI America
KDDI America is a U.S. division of the KDDI Group of companies, a Fortune Global 500 company and leading provider of international telecommunications and colocation facilities around the world. KDDI America provides high-quality network solutions to clients with telecommunication needs throughout Asia Pacific, EMEA and the Americas. KDDI Group is a pioneer and innovator in the Ethernet world, being the first telecom provider to provide switched Ethernet services between Asia and the United States. It is also a leading provider in international data centers and value-added services through its group company, TELEHOUSE, in the United States, Europe and Asia. For more information about KDDI America, please visit www.kddia.com.
Press contact:
Sandra de Novellis
KDDI America
1.212.295.1132
PR Archives: Latest, By Company, By Date