Kengo Suzuki, CEO of Tsunan Sake Brewery Co., Ltd. (Headquartered in: Tsunanmachi, Niigata Prefecture), has joined as an individual investor in the third-party allocation capital increase during the seed round of MEMORY LAB Co., Ltd. (Headquartered in: Shibuya, Tokyo; CEO: Kentaro Hatase, hereafter “MEMORY LAB”).
MEMORY LAB, with its mission of “Bringing the Wisdom of Science to Society”, is tackling various problems faced by modern society, including climate change, waste management, and medical fields. Despite the annual research and development expenditure in Japan being over 19 trillion yen, the environment is not conducive to innovative innovation. One reason for this is the rapidly changing information about technology and markets, which increases the cost of strategizing based on the latest information, making swift and risk-free decision-making even more difficult.
MEMORY LAB has been seeking solutions to the challenges faced by many businesses in dealing with the processing of vast amounts of specialized information and gaining a comprehensive understanding of their fields in new business ventures and research & development. In late 2023, MEMORY LAB and Tsunan Sake Brewery conducted an overarching survey on the technological domain for realizing sustainability in the sake brewing process using generative AI technology developed by MEMORY LAB.
MEMORY LAB’s future endeavors are expected to offer new possibilities to companies and research institutions not only in Japan but also around the world. They aim to provide services towards solving social issues as an infrastructure for research and development. The recent fundraising will be used for the development of “Memory AI” technology research, organizational development, collaborations with domestic and global enterprises, and international expansion.
About Memory AI
“Memory AI” is a technology research service provided by MEMORY LAB, specializing in new business ventures and research & development for companies. It is used by management planning and new business strategy departments in companies to predict technological markets 10, 20, or even 50 to 100 years into the future. Specifically, Memory AI has a database of over 300 million research records worldwide, and it uses natural language processing technology to instantly screen research, startups, and patent information related to themes of interest to the user. This service has significantly reduced the time for strategizing new business ventures from 1-2 years to just 3-4 months.
Comment from Kengo Suzuki, CEO of Tsunan Sake Brewery Co., Ltd.
“I am grateful for the opportunity to invest. In today’s society, where access to vast amounts of information is possible, efficiently organizing research-related information is a significant challenge for those in research and development roles.
In this context, I strongly resonate with MEMORY LAB’s vision of contributing to society by shortening the time for research surveys and improving the accuracy of research itself, which led to my investment decision. Through various interactions, I will strive to contribute to the business growth of MEMORY LAB.”
About MEMORY LAB Co., Ltd.
MEMORY LAB Co., Ltd., with its mission “Bringing the Wisdom of Science to Society,” is a leading company in research and surveys, aiming to become a hub for global research and development. Using its proprietary AI algorithms (including natural language processing and patents), the company removes barriers in core research surveys, creating a world where anyone can access scientific and technological information. Currently, MEMORY LAB is developing “Memory AI”, a technology research service specialized for new business ventures and research & development targeted at enterprises. Their unique database includes vast amounts of academic papers, patent information, and market data, enabling them to reduce research times typically ranging from six months to over a year to as short as one week.
Company Name: MEMORY LAB Co., Ltd.
Location: 6-23-4 Jingumae, Shibuya-ku, Tokyo, Kuwano Building 2F
CEO: Kentaro Hatase
Company Website URL: https://www.memorylab.jp/en
Tsunan Brewery Company Profile
Tsunan Brewery Co., Ltd. is a sake brewery headquartered in Akinari, Tsunanmachi, Nakauonuma District, Niigata Prefecture. This region is known for heavy snowfall, and the brewery uses natural spring water from mountains with altitudes of 2,000 meters for brewing. Using the local sake rice “Gohyakumangoku”, the brewery operates in harmony with nature under the brand concept of “Brew for Future – Brewing a Future of Coexistence”. With a new system since 2023, the brewery aims to create new value and expand internationally, based on the fusion of the sake brewery and science.
Company Name: Tsunan Brewery Co., Ltd.
Location: 7141 Akinari, Tsunanmachi, Nakauonuma District, Niigata Prefecture
CEO: Kengo Suzuki