Announcement of subscription to third-party allocation of new shares by Ollo, Inc.

Tokyo, February 3, 2020 – Industrial Growth Platform, Inc. (IGPI) has underwritten a third-party allocation of new shares by Ollo, Inc., which is engaged in realizing the world’s top-level facial authentication systems with edge devices.

Ollo is a venture company affiliated with the University of Tokyo’s Matsuo Lab. It utilizes state-of-the-art artificial intelligence centering on deep learning to provide AI solution services that include face recognition and behavior recognition by using edge devices that are developed in-house.

Ollo’s edge devices are palm-sized and can execute face recognition and behavior recognition at high speed and with high precision.

IGPI will offer advice concerning overall management matters to enhance Ollo’s corporate value and continue to support AI start-ups by utilizing IGPI’s network resources.

Furthermore, IGPI’s Partner Takayoshi Kawakami has assumed the post of director at Ollo upon this transaction.

Overview of Ollo, Inc.
Main Business: Image recognition technology including face recognition and behavior recognition as well as research and development of edge devices
Date of Establishment: February 20, 2019
Representative: Kento Kawai, CEO
Corporate Website: https://www.ollo.tech/

Contacts:
Takayoshi Kawakami
Tel: 81-3-4562-1111
e-mail: info_igpi@group.igpi.co.jp