December 11, 2019

16Lab Raises Capital to Accelerate Development


Kamakura, Japan — December 11, 2019 — 16Lab, developer of OZON™ – a platform for next-generation computing experience – announced that it has closed the first batch of the 3rd round of fundraising from Miraise1 Investment Limited Partnership, a venture capital fund led by Mr. Iwata – the former President of Skype Japan, and other international investors including a well-experienced tech executive and a founder of a successful startup. The second batch of fundraising will be completed in January 2020.

With this, 16Lab will accelerate its ongoing development as it attracts top engineering minds from around the world.

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16Lab Inc.

16Lab is a startup which has gathered some of the best engineering minds from across the globe in order to develop the next generation human-centered computing platform towards the Smart City era. 16Lab is a fabless company focusing on development resources in its core competence, such as embedded security, ultra-low power consumption technology and super accurate 3D motion analyses. 16Lab is a recipient of the Japanese government’s subsidy program called the NEDO R&D Venture Support Program that supports highly competitive R&D-oriented innovative startups. Moreover, 16Lab was awarded top prizes at Japan-UK Tech Awards, CEATEC Innovation Awards (Home Entertainment), EY Innovation Startup Award (IoT) and TiE 50 Top Startup Awards.

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