Global Brain has invested in Things, Inc. (Things), a company driving digital transformation (DX) in manufacturing with the PRISM data utilization platform, through its ME Innovation Fund L.P. (ME Innovation Fund) and Shinhan-GB FutureFlow Fund L.P. (SHGB) that is jointly managed with Shinhan Venture Investment Co., Ltd. (Shinhan Venture Investment). Things offers PRISM, a specialized data utilization platform for manufacturing, enabling the centralized management, analysis, and utilization of vast data volumes generated across all stages, from product development to production and maintenance. In today’s manufacturing landscape, integrating and leveraging data throughout the entire product lifecycle is paramount for improving quality, reducing costs, and accelerating new product development. However, many companies currently face challenges with siloed data that remains underutilized. PRISM addresses this issue, enhancing the manufacturing’s competitiveness. Particularly, Things is proactively integrating generative AI in the realm of PLM (Product Lifecycle Management). The adoption of generative AI is expected to revolutionize many traditional manual processes, including advanced simulation during the design phase, improved accuracy in fault prediction based on historical data, and more efficient transfer of expert engineers' knowledge. This empowers manufacturers to bring higher-quality products to market more quickly and efficiently. Global Brain has decided to invest in Things, highly recognizing its advanced technological capabilities and the strategic importance of PRISM in fostering DX in manufacturing. Through this investment, Global Brain will actively support Things’ further business expansion together with Mitsubishi Electric Corporation, the LP of ME Innovation Fund, and Shinhan Venture Investment. Note: Global Brain announced its investment in Things through its GB-VIII Growth Fund Investment Limited Partnership in March 2023.
https://globalbrains.com/en/posts/invested-in-things

About Things

Location: Minato-ku, Tokyo, Japan
Representative: Atsuya Suzuki
Founded: September 2021
URL: https://things-inc.com/
(Available only in Japanese)

About ME Innovation Fund

Name: ME Innovation Fund L.P.
General Partner: Global Brain Corporation
Fund Size: JPY 5 billion

About SHGB

Name: Shinhan-GB FutureFlow Fund L.P.
General Partners: Shinhan Venture Investment Co., Ltd. and Global Brain Corporation

About Global Brain

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

Global Brain has invested in Things, Inc., a company driving digital transformation in manufacturing with the PRISM data utilization platform