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Translated using Google Translate:

monoAI technology raised 750 million yen from Sony Innovation Fund and others in the Metaverse area. Strengthen the virtual space platform "XR CLOUD" in the expanding Metaverse market.

monoAI technology Co., Ltd. (Headquarters: Kobe City, Hyogo Prefecture, President: Kataro Honjo, MonoAI Technology, hereinafter, monoAI) has invested in Sony Innovation Fund, GMCM VENTURES PTE. LTD. We are pleased to announce that we have completed the financing of a total of 750 million yen to the business limited liability association, Adways Co., Ltd., Ignis Co., Ltd., and individual investors today. With this funding, the total amount raised will be 1,525 million yen. Looking ahead to the further expansion of the Metaverse market, we will promote the development and business strengthening of the virtual space platform "XR CLOUD" handled by monoAI.

1. Background of financing
monoAI focused on the possibility of virtual space from early on and developed the virtual space platform "XR CLOUD" using its own technology. In recent years, the potential of the Metaverse has received a lot of attention, and Bloomberg estimates that the market will expand to $ 783.3 billion * 1 in 2024. monoAI has raised funds for the purpose of further research and development and business strengthening in order to lead the market by strengthening "XR CLOUD", which we develop in the expanding metaverse area.
* 1 Source: Based on an article released on December 1, 2021 by bloomberg.com.

2. 2. Overview of Underwriters
・ Sony Innovation Fund (new)
・ GMCM VENTURES PTE. LTD. (New)
・ Kiraboshi Capital Dream ・ Habataki No. 1 Investment Limited Partnership (new)
・ Adways Co., Ltd. (new)
・ Ignis Co., Ltd. ( Existing)
Other individual investors, including existing shareholders.

3. 3. Investor Comments
Sony Innovation Fund Chief Investment Manager Moto Tsuchikawa:

monoAI technology is a startup that continues to grow steadily by providing value in the areas of Metaverse and XR. We would like to consider business collaboration with the Sony Group and support the company's challenges.

https://monoai.co.jp/20721

Sony Interactive Entertainment appears in their list of main clients:
https://monoai.co.jp/company

MonoAI also works as an outsourcing company for mostly Japanese mobile games and some console/portable game as Dragon Quest XI for 3DS:

https://monoai.co.jp/products

About their mobile XR Cloud metarverse:

Notice that the Metajimboverse features waifus: