Global Brain has invested in Parallel Inc. (Parallel), a provider of audio-based social network service “Parallel”, through its KDDI Open Innovation Fund III (KOIF III).

Parallel is an audio SNS that creates an online hangout where users can share online contents and time with friends. By capturing Z-gen’s needs for a place to connect with close friends via common contents, it has already achieved 1 million downloads since its release in August 2019.

Global Brain sees great potential in Parallel’s bold vision to innovate in the new form of communication, the speed of business growth, and the strong team to realize it. Global Brain will support Parallel for further business development so that it can build next-generation communication services.

About Parallel

Location
Minato-ku, Tokyo, Japan
Representatives
Jo Aoki, Taiki Toshihara
Founded
July 2017
URL
https://www.parallelcorp.com/

About KOIF III

Name
KDDI Open Innovation Fund III
General Partner
Global Brain Corporation
Fund Size
20 Billion JPY

About Global Brain

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