Taiwan-based big data and video analytics technology provider Gorilla has received $15m in series D funding from SBI Investment, a corporate venture capital subsidiary of financial services provider SBI Group.
Founded in 2010, Gorilla has created technology that uses artificial intelligence technology to identify, analyse and extract information from digital content for customers in the retail, enterprise and surveillance industries.
The funding will be used to develop Gorilla’s technology for the fintech market, support expansion in Japan and enhance the company’s global sales and marketing efforts.
Telecommunications company Telstra’s corporate venturing arm, Telstra Ventures, joined electronics producer Acer to invest an undisclosed amount of series C funding in the company in 2015, after series A and B rounds backed by data storage equipment provider EMC in 2007 and 2009.
Gorilla also counts smartphone manufacturer HTC and Morningside Technology Investments as existing backers but has not disclosed details about their investments.
SBI Investment executive officer Tomoyuki Nii said: “SBI’s investment follows the establishment of SBI AI & Blockchain Fund earlier this year.
“The SBI Group is actively involved in introducing AI solutions to financial institutions in Japan, and strongly believes in the future of this field.”