NEC Establishes a Startup in Silicon Valley for Automating Data Analytics

WIRE)--NEC Corporation (NEC; TOKYO: 6701) today announced the establishment of dotData, Inc., a new startup company based in Cupertino, California, in the heart of Silicon Valley, that develops and globally provides software that automates data science processes using artificial intelligence (AI). NEC will obtain an exclusive license from dotData to provide this software across Japan and will start to provide the software in the first half of FY2018. "NEC is now accelerating the monetization of its competitive technologies by creating diverse alliances as part of the'strengthening of business development capabilities' in the'restructuring of execution capabilities' that are outlined in the Mid-term Management Plan 2020 that NEC announced in January 2018," said Osamu Fujikawa, senior vice president, NEC Corporation. "The establishment of dotData is the first implementation of such reinforcements and a unique strategic carve-out scheme from NEC in which a leader in core technology becomes a founder of the new company and helps accelerate its monetization as a start-up company. Going forward, NEC will continue to promote innovative measures that strengthen our business development capabilities."