JX Press

About:

JX Press provides breaking news bulletins for urgent information on accidents, natural disasters, and other incidents detected by AI.

Website: https://jxpress.net/

Top Investors: Global Brain Corporation, Mitsubishi UFJ Capital, SBI Investment, JIC Venture Growth Investments, CyberAgent Capital

Description:

The JX PRESS Corporation is Japan’s“virtual news agency.” JX PRESS’s “FASTALERT” service provides breaking news bulletins for urgent information on accidents, natural disasters, and other incidents detected by AI to all six of the major television broadcast stations in Japan, including NHK, and the majority of the 100+ local broadcast stations. FASTALERT works with more companies than any other service that utilizes information gathered from social networking sites for news reporting in Japan. The version offered to ordinary consumers, an app called “NewsDigest,” is the biggest news bulletin app in Japan, boasting over 1 million downloads. It is gaining popularity because of its ability to use AI to automatically detect and deliver news bulletins on information worth reporting. Alongside FASTALERT, it is also gaining more widespread use by news reporters as a standardized service for information. Stakeholders in the JX PRESS Corporation include KYODO NEWS, the leading news agency in Japan, two of the leading commercial broadcast stations (TV Asahi and Fuji TV), and the Nikkei Group. We are a new kind of news agency that provides computerized news reporting to all of the major media groups in Japan. Bloomberg - This Media Startup Is Beating the Competition With a Newsroom Run by Robots https://www.bloomberg.com/news/articles/2018-05-27/the-airline-geek-trying-to-build-a-media-giant-with-no-reporters

Total Funding Amount:

$34.2M

Estimated Revenue Range:

$1M to $10M

Headquarters Location:

Tokyo, Tokyo, Japan

Founded Date:

2008-01-10

Contact Email:

info(AT)jxpress.net

Founders:

Katsuhiro Yoneshige

Number of Employees:

51-100

Last Funding Date:

2021-08-18

IPO Status:

Private

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