AVITA Secures 1.37 Billion Yen in Series A Round from Six Strategic Corporate InvestorsAVITA Inc. (Head Office: Shinagawa-ku, Tokyo; CEO/CTO: Hiroshi Ishiguro; hereinafter “AVITA”), a company developing services that leverage avatar and generative AI technologies, today announced that it has raised 1.37 billion yen in its Series A funding round.The round included investments from six major corporate partners: Pasona Group Inc., Sumitomo Mitsui Banking Corporation, Shionogi & Co., Ltd., Advanced Telecommunications Research Institute International (ATR), Suntory Holdings Limited, and Advance Create Co., Ltd.Combined with previous funding of 520 million yen, AVITA’s total funding now stands at 1.89 billion yen.Background of the Funding RoundUnder the corporate vision “Evolving Humanity with Avatars,” AVITA provides services that help address Japan’s rapidly intensifying labor shortage and support more flexible workforce participation. These services include:AVACOM, a remote avatar-based customer service platformAvaTraining, an avatar AI role-play training service powered by generative AISince the previous funding round, AVITA’s organization and revenue have each grown tenfold, and the company achieved full-year profitability in the last fiscal period. AVITA also acquired implementation rights for 73 patents and newly filed 25 additional patents, further strengthening its technology assets.To accelerate its next stage of growth, AVITA will invest in product development, R&D, and talent acquisition for both domestic and global business expansion. With all investments in this round coming from operating companies, AVITA aims to deepen collaborative partnerships and develop its business across multiple industries.Recruiting Exceptional Talent: AVITA CareersRecruitment Page (currently available in Japanese only): https://www.wantedly.com/companies/avita/projects AVITA is hiring across all functions, including CXO roles, engineering, research, creative, sales, marketing, and corporate positions.Employee Interviews (currently available in Japanese only): https://www.wantedly.com/stories/s/avita_membersinterviewEstablishment of “AVITA LAB” – A New Research HubIn October 2024, AVITA will relocate its headquarters to Arco Tower (Meguro-ku, Tokyo) and establish AVITA LAB, a dedicated research hub for avatars and generative AI. Through collaboration with research teams involved in Japan’s Moonshot R&D Program and international researchers, AVITA will advance cutting-edge R&D activities.“AVITA R&D NIGHT 2024” to Be Held on October 4AVITA will host an offline seminar, “AVITA R&D NIGHT 2024,” at its new office on October 4, 2024 (Friday), limited to 30 attendees.The event will feature a panel discussion on “The Role and Potential of R&D Organizations within Companies,” with speakers including:Hiroshi Ishiguro — CEO/CTO, AVITA Inc.Ryota Kanai — CEO, Araya Inc.Masato Fujino — CEO/CTO, Fairy Devices Inc.Researchers and engineers interested in working within corporate R&D organizations are encouraged to participate. A networking session will follow the seminar.Event Overview: “AVITA R&D NIGHT 2024”Date: October 4, 2024 (Fri) – Doors open 18:30 / Start 19:00Venue: AVITA Inc. Office (Arco Tower, Meguro-ku, Tokyo)Theme: The role and potential of R&D organizations in companiesAdmission: FreeCapacity: Limited to 30 participants (lottery-based)Host: AVITA Inc.Registration: [Link to registration form]Register Here >※ Registration closed.Company OverviewAVITA Inc.Representative: Hiroshi Ishiguro, CEO/CTOExecutives: Shogo Nishiguchi, Vice President & COO、Hideshi Hamaguchi, Outside DirectorHead Office: Shinagawa-ku, TokyoFounded: June 2021Capital: 1 million yenBusiness Domains: Development of services using avatar & generative AI technologiesAvatar customer service platform AVACOMAI-powered role-play training service AvaTrainingMarketing support using avatar & generative AI technologiesCorporate Website: https://avita.co.jp/en