Cinnamon AI

Cinnamon AI, an enterprise artificial intelligence firm with roots in Tokyo, Japan, was co-founded in 2016 by Miku Hirano, a serial entrepreneur with a background in computer science from the University of Tokyo. Hirano's previous venture involved developing a photo-sharing application, which was later acquired by Mixi, a prominent Japanese social media company. This experience in technology and entrepreneurship laid the groundwork for her next venture, Cinnamon AI. The company focuses on developing and providing AI-driven solutions designed to automate data extraction from unstructured documents, targeting a significant challenge for many large corporations.

The firm's core business revolves around its AI-powered document reader, which serves clients primarily in the financial sector, including banking, insurance, and manufacturing industries. Its business model is centered on providing business process outsourcing and AI products that help companies increase productivity by automating tedious, manual tasks. Revenue is generated by offering these specialized AI solutions to large Japanese corporations, with a client base that has grown to over 50 paying customers. This strong market traction is underscored by significant financial backing, including a $39 million Series C funding round completed in April 2020, enabling the company to expand its team of machine learning engineers globally.

Cinnamon AI's product suite includes several key offerings. Flax Scanner is an AI-powered optical character recognition (OCR) solution that extracts data from various business documents, such as invoices and contracts, with high accuracy. Another product, Lapis Engine, is a natural language processing tool designed to understand and process text for applications like recommendation systems and document searching. These products are engineered to integrate into existing corporate workflows, helping to streamline operations and reduce the reliance on manual data entry. With a strategic presence in Tokyo, the US, Vietnam, and Taiwan, Cinnamon AI is positioned to address the digital transformation needs of enterprises across multiple regions. Keywords: enterprise AI, document extraction, artificial intelligence, OCR, natural language processing, business process automation, financial technology, data automation, machine learning, Japanese market