Beyond Limits Selected as an Open Innovation Partner of AI Research & Innovation Hub of MACNICA, Aiming to Expand Advanced AI Solutions Globally
13 April 2021
Beyond Limits Asia Pacific
Beyond Limits, an industrial and enterprise-grade AI technology company built for the most demanding sectors, today signed a Memorandum of Understanding (MoU) to become an open innovation partner of the AI Research & Innovation Hub (ARIH). ARIH is an AI specialist organization of MACNICA, a total service and solution provider in semiconductor, network, cybersecurity, and AI/IoT (Headquarters: Yokohama, Japan – President, Kazumasa Hara). Beyond Limits and MACNICA will collaborate to advance and establish Artificial Intelligence (AI), advanced analytics, and big data solutions in Japan and across the globe.
According to Statista, the AI market in Asia Pacific is expected to reach $12.4 billion USD by 2025. As countries across the region continue to invest in AI, businesses are turning to specialized solution providers that can help them capitalize on this age of digital transformation.
Beyond Limits and MACNICA jointly recognize the demand for such services and are tapping into their respective subject matter expertise to provide the technology necessary for delivering valuable solutions. The companies are establishing a strategic collaboration to support AI, advanced analytics and big data solutions, including digital transformation and AI readiness consulting services around the world.
“Beyond Limits is firmly committed to developing solutions that always go beyond today’s challenges,” said Leonard Lee, President, Beyond Limits Asia Pacific. “We look past what is happening now and instead focus on what’s next, as well as how to remain at the very cutting edge of technological innovation in the realm of AI. This partnership with MACNICA is a testament to our commitment to forging an era where AI can be adopted to drive value for businesses across various industries.”
“ARIH is delighted to partner with Beyond Limits,” said Takahiro Kusunoki, Senior Data Analyst and Principal of the AI Research & Innovation Hub for Strategic Innovation Business Group, MACNICA. “ARIH and Beyond Limits will combine their knowledge, services and technologies, partnering to help solve social issues and create new value for companies. We will achieve this goal by combining ARIH’s track record of approximately 300 AI implementations with Beyond Limits’ unique Cognitive AI technology, which has reduced costs and increased profits significantly for oil plants worldwide. We will support the resolution of social issues and the creation of new value for businesses by bridging the knowledge, services, and technologies of both companies.”
Beyond Limits recently raised US$133 million in a Series C round to expand its AI into Asia Pacific, with headquarters in Singapore driving strategic investments for joint ventures and partnerships across the region while also supporting the expansion of Beyond Limits’ AI in verticals including financial services, led by the Hong Kong office, advanced manufacturing, led by the Taiwan office, as well as the energy and healthcare sectors, led by the Singapore, Shenzhen and Tokyo offices. Beyond Limits has also signed MoUs with Kaplan and Infosys Compaz to cultivate AI talent and awareness while offering additional specialized solutions in Singapore.
For more information on Beyond Limits Cognitive AI technology, click here.
About Beyond Limits Asia Pacific
Beyond Limits Asia Pacific is an industrial and enterprise-grade artificial intelligence company built for the most demanding sectors including energy, advanced manufacturing, and fintech.
Beyond traditional artificial intelligence, Beyond Limits’ unique Cognitive AI technology combines numeric machine learning techniques with knowledge-based reasoning to provide decision-makers with actionable intelligence. Customers implement Beyond Limits AI solutions to boost operational insights, improve operating conditions, enhance performance at every level, and ultimately increase profits as a result.
Beyond Limits Asia Pacific is regionally headquartered in Singapore with operations in Hong Kong, Shenzhen, Taipei, and Tokyo. The regional headquarters drives strategic investments for joint ventures and partnerships in Asia to expand Beyond Limits’ AI in verticals including financial services, led by the Hong Kong office, advanced manufacturing, led by the Taiwan office, and the energy and healthcare sectors, led by the Singapore, Shenzhen and Tokyo offices.
Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company was recently honored by Frost & Sullivan for their 2021 Global Company of the Year award and by CB Insights on their 2020 List of Top AI 100 most innovative artificial intelligence start-ups.
For more information, please visit www.beyond.ai.