Nikon invests US $7.5M in wrnch

Nikon Corporation (TSE: 7731) has invested US $7.5 million in wrnch inc.

Nikon is one of the world’s leading suppliers of products and solutions based on advanced opto-electronics and precision technologies.

Incubated and seed funded by TandemLaunch, Montreal based wrnch uses deep learning to develop and provide tools and software development kits (SDKs) that enable computers to see and understand human movement and activity.

wrnch’s investors also include Mark Cuban and Aligo Innovation.

photo credit: wrnch, Nikon

News Release

Investment in Canadian company, wrnch, Inc.
June 20, 2019

TOKYO – Nikon Corporation (Nikon) has invested USD $7.5 million in wrnch, Inc. (CEO: Dr. Paul A. Kruszewski, head office: Quebec, Canada, hereafter referred to as wrnch), a computer vision and deep learning startup.

Established in 2014, wrnch uses deep learning to develop and provide tools and software development kits (SDKs) that enable computers to see and understand human movement and activity. wrnch has also used its advanced work in pose estimation technologies to establish ties with major entertainment and communications companies. The company continues its operations in technical development, while raising funds continuously.

In accordance with its Medium-Term Management Plan, Nikon is striving to enhance its Imaging Business not only in the BtoC, but also in the BtoB markets. Nikon decided to make this investment based on the determination of new synergies created by combining resources of each company, which will expand the range of Nikon’s Imaging Business.

By fusing Nikon’s optical technologies and the automatic tracking shooting technologies of Mark Roberts Motion Control Limited, a subsidiary of Nikon, with wrnch’s pose estimation technologies, Nikon hopes to enhance its automatic shooting solutions, primarily for the sports market. Additionally, Nikon will endeavor to provide new imaging experiences with technologies such as AI.

Nikon will continue to pursue imaging possibilities by making further use of its optical technologies and collaborating with companies that offer their own innovative solutions and technologies.

wrnch overview

Company Name: wrnch, Inc.
Head Office: 1001 rue Lenoir Suite B101, Montreal, Quebec, Canada
CEO: Dr. Paul A. Kruszewski
Business: The development and sale of computer vision and deep learning software
Foundation (Year): 2014
Stock Market: Unlisted

The information is current as of the date of publication. It is subject to change without notice.

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Ted Liu

Ted Liu, M.Sc. (Mining, Queen's), MBA (Finance, Toronto), is the Editor of Private Capital Journal, CanadaMetals.ca, TechWire.ca, and the former Editor of Canadian Private Equity. Ted has been passionately tracking Canadian private capital industry since 1992, having most recently served as Research Director for The Canadian Venture Capital and Private Equity Association (CVCA).

Ted is the architect of CVCA infobase, and is the architect of CPE Media's Financings.ca, Canada's most sophisticated and advanced all private capital and public market financing database.