NEWS RELEASE
July 18, 2024

avatarin Raises 3.7B JPY in Series B Fundingto Drive Growth and Product Development

TOKYO, Japan, July 18, 2024 – avatarin Inc., a Tokyo-based AI and Robotics startup, has raised
3.7 billion yen in Series B equity funding from Omron Ventures Co., Ltd., San-Ai Obbli Co., Ltd.,SoftBank Corp., Fuyo General Lease Co., Ltd., Mizuho Bank, Ltd. and Sumitomo Mitsui Trust Bank,
Ltd. The closure of this Series B round brings the total funding raised by avatarin to 7.7 billion yen.
Together with their new equity partners, avatarin will strengthen its research and development
efforts and advance deployment of their newme®️ robot.
avatarin aims to create a world in which professional human skills can be shared across the globe
through the integration of AI, robotics, and remote communication technologies. Through thedevelopment and deployment of their core technology, avatar core®️, avatarin envisions a future
where humanity can assist one another anytime, anywhere in the world.
avatar core®️ provides a tangible solution to help address Japan's human resource challenges while
simultaneously aggregating professional human skills data to advance multimodal AI models andagents. avatarin has already begun deployment of its communication AI avatar robot newme®️ toconnect professional skills to where they are needed, when they are needed.

Comments from Series B Investors●Omron Ventures Co., Ltd.
Omron Ventures has decided to invest in avatarin Inc., drawn by their vision of "solving all ofsociety’s challenges and expanding human potential" which resonates with our corporate
philosophy of "Innovation driven by social needs." Amidst worsening labor shortages, avatarin'scommunication AI robot newme®️ is sure to become a key product and service that leads tosolving various social issues. Through this investment, Omron Ventures aims not only tosupport avatarin's growth but also to foster knowledge and technology collaboration between
our companies, aiming to create innovate solutions.

●San-Ai Obbli Co., Ltd.
Through this investment, San-Ai Obbli is delighted to collaborate with avatarin, Inc. to bring new
innovative solutions and value to the energy infrastructure sector. The gradual decline in theworking-age population is becoming a critical social issue in Japan. Together with avatarin,Inc., we strive to solve these challenges by helping to commercialize AI robots capable ofcustomer service and safety management.

●SoftBank Corp.
SoftBank, under its corporate philosophy of "Information Revolution — Happiness for everyone,"seeks to harness the Information Revolution to contribute to the wellbeing of people andsociety. Identifying with its concept of developing industry-specific AI services that promotecoexistence between humans and AI, SoftBank decided to invest in avatarin Inc. Going forward,
SoftBank will collaborate with avatarin Inc. and consider ways to support it with its offerings
such as high-quality homegrown large-scale language models (LLMs) that utilize Japanesedatasets, computational infrastructure, and annotation support services like TASUKI
Annotation. This will be done with the aim of building highly convenient industry-specific AI
solutions. Additionally, SoftBank will provide 5G network environments to meet the increasing
demand for data communication.

●Fuyo General Lease Co., Ltd.
By working together to promote the deployment of newme®️ and various other robots andmobility devices equipped with avatar core®️, avatarin’s core technology, Fuyo General Lease
hopes to realize a prosperous society in which everyone can play an active role at anytime,transcending physical limitations, to contribute to solving various social issues, such as labor
shortages, and achieving sustainable growth.

●Mizuho Bank, Ltd.

Mizuho Bank aims to create new services as a value co-creation partner in the financial
industry, toward a future where our services enable instant support for both optimal humanjudgment and automation. We will collaborate with a wide range of customers to promote theadoption and expansion of new services, while tackling the societal challenge of labor
shortages.
●Sumitomo Mitsui Trust Bank, Ltd.
Since April 2022, Sumitomo Mitsui Trust Bank has been making impact equity investments withthe aim of financially supporting challenges and efforts to solve social issues. By utilizing
avatarin's newme®️ in airports, retail stores, and other locations, we hope to alleviate the labor
shortage issue, driven by Japan's declining birthrate and aging population, and contribute tocreating a positive impact toward realizing a sustainable society.

About avatarin, Inc.
avatarin is a Tokyo-based startup that is committed to the development of AI and robotics
technologies that free humanity from the limitations of physical constraints and expand eachindividuals’ potential. avatarin has developed their avatar core®️ product to realize this vision andmake it possible to remotely connect human resources to where they are needed most. Through theaggregation of communication and professional human skill data through these remoteinteractions, avatarin will make it possible to share and access these skills through a wide range ofdevices to pioneer a world where we can avatarin to help one another, anytime, anywhere around theworld.
https://about.avatarin.com/en
About avatar core®️ and newme®️
The avatar core®️ combines custom hardware, software, cloud services, and AI tools to enable thetransmission of high-volume, bilateral data via the cloud with ultra-low latency. This productcurrently powers avatarin’s flagship communication AI robot newme®️.