Panasonic Corporation, the Japan-based multinational electronics giant, is making a strong effort to prepare its portfolio for the future. In its latest move, Panasonic backs Japanese construction tech startup Aldagram for future disruptive solutions.
What is Aldagram?
Aldagram is a digital transformation platform based on cutting-edge Artificial Intelligence (AI) technology and works to match human resources in the construction sector. They found the company in 2017 to make construction processes more efficient with the help of new technologies. CEO and co-founder Mamoru Naka led its team of engineers, data scientists, and software developers.
Panasonic’s Investment
Through its venture arm, Panasonic Corp. has recently invested in Aldagram. This is part of the company’s strategy to expand its capabilities in the construction industry and build disruptive solutions.
The investment will enable Aldagram to leverage the extensive resources and expertise of Panasonic’s ecosystem and launch new products. These solutions will tap into the massive potential of AI and help Panasonic penetrate the market and stay competitive in the years to come.
Total funding
With the latest investment, Aldagram has raised a total of 3.2 billion yen or about $29 million. The company will use the funds to invest in new technology, strengthen its development team, and expand its operations.
Expected Outcomes
The solutions created through the collaboration between Aldagram and Panasonic aim to eradicate many of the inefficiencies associated with construction procedures. The solutions will make it easy to execute tasks promptly and affordably.
The relationship will be centered on the creation of integrated solutions that can be applied across industries, including project management and resource management.
With the help of its latest investment in Aldagram, Panasonic aims to revolutionize the construction sector in Japan and beyond. By ushering in a new era of creative and effective solutions, the two organizations’ cooperation is likely to benefit the market and the customers.
