Startale Labs forms capital tie-up with Sony Group
On the 28th, Startale Labs, a spin-out from the Aster Foundation, announced a seed round of funding of $3.5 million (approximately ¥500 million) through a third-party allotment from Sony Network Communications Inc. of the Sony Group. bottom.
1. Startale Labs and Sony Network Communications formed a capital alliance with the aim of establishing a global infrastructure that supports the Web3 era, and raised 500 million yen in a seed round. We have also started discussing collaboration, so we will create products that take the world from Japan https://t.co/yFvcvfBspu pic.twitter.com/zjHPx5bprp
— Sota Watanabe @Startale Labs (@Sota_Web3) June 28, 2023
Along with this, Mr. Jun Watanabe, President and CEO of Sony Network Communications (formerly Sonnet Corporation), was appointed as a director of Startale Labs. Previously, as an executive officer of Sony Network Communications, he has a history of focusing on machine learning-based image discrimination solutions and deep learning in the field of AI solutions in the IoT business.
Startale Labs, headquartered in Singapore, was founded in January this year by Sota Watanabe, the founder of Stake Technologies Co., Ltd., which develops the public blockchain “Astar Network (ASTR)” from Japan, with the aim of promoting web3 in Asia. was established in It is a technology company specializing in Web3 infrastructure development with “Web3 for billions”.
Startale Labs and Sony Network Communications will work together to establish the necessary infrastructure to support the globalization of Web3. Mr. Sota Watanabe expressed his ambition, saying, “We have already started discussing collaboration, and we will create a product that will win over the world from Japan.”
It is said that it is aiming for a position like Consensys, which supports development in the Ethereum (ETH) and Polkadot (DOT) ecosystems, and Parity in Europe.
connection:Astar Sota Watanabe establishes “Startale Labs”, aiming to be one of Asia’s top 3 web companies