Global Brain has invested in ChillStack, Inc. (ChillStack), a company that develops and provides AI-powered fraud detection and cybersecurity services, through its FUKOKU -THE MUTUAL for Next 100 Fund L.P. (TMN100) as the lead investor. With the advancement of digital transformation, corporate operations are becoming increasingly digitalized. In addition, more cyber incidents are occurring following the further progress in IT, including generative AI. In this environment, the amount and complexity of digital data handled by companies is growing, and there is an increasing need for solutions that can both reduce the workload and strengthen governance. In such an age where AI is expected to be used everywhere, ChillStack provides services that enable companies to conduct their business operations with peace of mind, such as “Stena Expense,” an AI-based automatic fraudulent expense detection cloud, and cybersecurity-related services based on AI security technology. With this funding, the company is planning to further enhance its existing products and develop the AI security market for government agencies. Global Brain has decided to invest in ChillStack, highly recognizing ChillStack’s deep knowledge of AI security technology, its development and business development capabilities to incorporate the technology into enterprise-oriented products, and its future market potential. Through this investment, Global Brain will actively support ChillStack to contribute to its business growth.

About ChillStack

Location: Shibuya-ku, Tokyo, Japan
Representative: Michiaki Ito
Founded: November 2018
URL: https://chillstack.com
(Available only in Japanese)

About TMN100

Name: FUKOKU -THE MUTUAL for Next 100 Fund L.P.
General Partner: Global Brain Corporation

About Global Brain

Location: Tokyo, Japan
Representative: Yasuhiko Yurimoto
Founded: January 1998
URL: https://globalbrains.com/

Global Brain has invested in ChillStack, Inc., a provider of fraud detection and cybersecurity solutions based on AI security technology, as the lead investor