Mobile technology company Studio Ousia Inc. has raised 70 million yen (about $870,000) in private placement of new shares from Nissay Capital Co. Ltd.
The Fujisawa, Japan-based Studio Ousia said this Series A funding will be used to hire new engineers so it can expedite the development and global launch of its Phroni technology for smartphones and tablets.
Phroni automatically analyzes content to determine keywords that are likely to be of particular relevance, and turns them into tappable links for further perusal of the chosen topic. The company said this eliminates the need for the highlight, copy and paste alternative, which is cumbersome on the mobile screen. Phroni also has a dynamic content aggregation function that assembles images, videos and text from other sites into a single screen.
Studio Ousia was founded in 2007 through a collaborative effort with Keio University Shonan Fujisawa Campus, based on research that focused on developing technology to generate web page links using machine-learning algorithms and natural language processing.