April 20th 2022
ICMG Partners Co., Ltd.
ICMG Co-Creation Fund I Investment LP
We are pleased to announce that ICMG Co-Creation Fund I Investment LP managed by ICMG Partners Co., Ltd. (HQ: Marunouchi, Chiyoda-ku, Tokyo, CEO: Gen Funahashi), has invested in PT Qlue Performa Indonesia (HQ: Jl. Pejaten Barat Raya No. 13, Kelurahan Pejaten Barat, Kecamatan Pasar Minggu, Jakarta Selatan, DKI Jakarta; CEO: Rama Raditya) in a private bridge round. Qlue is an AI cloud surveillance SaaS solution based in Indonesia. They allow governments, enterprises and MSMEs to integrate their AI surveillance solution into existing, underutilized CCTV cameras. Once integrated, Qlue’s AI surveillance is able to identify & monitor incoming and future security issues/threats through the use of computer vision. Some features of their solution include, facial recognition, intrusion detection, vehicle detection and even behavioral analysis. Qlue aims to “accelerate positive changes worldwide” through the use of their cutting-edge technology.
(Left) Rama Raditya, CEO of Qlue, (Right) Gen Funahashi, CEO of ICMG Partners
Photos taken at Qlue Indonesia Office and ICMG Singapore Office respectively
The global urbanization rate is accelerating at an alarming rate, and by 2050, it is estimated that 70% of citizen in the world will be living in urban areas. While this will lead to a higher quality of life and better economic conditions, urbanization issues will occur especially in terms of surveillance and security of citizens. As the number of urbanized areas increases, more security cameras will need to be installed for the surveillance and security of citizens. However, utilizing traditional CCTV cameras does not provide a sustainable solution as it requires a larger dedicated work force to monitor security feeds and respond to possible threats. In addition, current CCTV technology relies heavily on the central command center to relay information to field officers, in an effective and efficient manner, and any lack of will in turn affect the field officers’ ability to respond to threats.
To address these issues, Qlue has developed a platform that includes a suite of interconnected digital tools with the purpose of automating surveillance and improving workforce productivity. Their core product, Qlue vision, is a plug and play AI surveillance & vision software that can be easily integrated into existing security cameras. Once integrated, existing CCTV cameras are equipped with the ability to automatically recognize and detect threats, drastically improving their surveillance and security capabilities. Their second product, Qlue Dashboard, is a web-based dashboard that allows users to view all security feeds and data collected by Qlue’s vision AI software in a single location. Qlue dashboard has built-in big data analytical tools that enables real-time, actionable insights which helps to automate the surveillance process and reduce manpower needs. Qlue’s third product, Qluework, is an application built specifically for on the ground security officers. It is a mobile app that allows officers to directly receive real-time security and safety alerts. This improves information flow and improves the efficiency and productivity of security officers. Qlue’s surveillance suite, can be used by governments, enterprises & MSMEs and unlocks significant benefits, including improved and automated surveillance, cost savings, increased workforce productivity and better security.
The investment from ICMG will enable Qlue to further focus on their client acquisition and business expansion in the region. As the leading AI surveillance solutions in Indonesia, Qlue will continue to develop their AI surveillance capabilities as well as further penetrate the Indonesian market through key partnerships with Indonesian governments and enterprises. More specifically, in 2022, Qlue has plans to expand to various Tier 1 and 2 cities in Indonesia by working closely with the government to effectively implement their solution. Qlue is also planning to expand into the rest of Asia, with key areas of expansion including Vietnam, Philippines, Thailand and Japan.
ICMG Group will support the expansion of Qlue by utilizing our network of major Japanese companies to help Qlue expand into Japan in the coming years. In the meantime, we plan to connect Qlue with subsidiaries of Japanese corporates that operate in Indonesia.
Established in 2016, Qlue has transformed from a tech startup to a comprehensive smart city provider company in Indonesia. Driven by the mission to accelerate positive changes worldwide, we have built a platform which consists of cutting-edge technology products leveraging workforce management, artificial intelligence (AI) and internet of things (IoT). Five years working on the industry, Qlue received multiple awards, including Global Smart City Contest winner by World Smart City Organization in London (2018), Best M-Government Service Award from the World Government Summit in Dubai (2019), and Startup of the Year from Jumpstart Magazine, Hong Kong (2019). The Best IoT ASEAN dari RiceBowl Startup Awards, Malaysia (2020), Silver Award pada Open and Inclusive City dari WeGo (2020) dan Socio Digitechnopreneur Innovation Awards dari Brain Society Center (2021). Besides that, Qlue also won various prestigious awards such as Top 200 Global Tech Leader 2021 at the World Technology Leader Award and Top-5 in the transportation infrastructure category at IDC Smart CIty Asia Pacific Award.
Other than QlueApp (citizen reporting app) for government sector, Qlue has also developed QlueVision (computer vision technology), QlueWork (mobile workforce management), QlueDashboard (all-in-one platform for visualizing data), and QlueSense (IoT-based technology) for private sectors, helping them to realize data-driven decision making. Currently, Qlue is trusted by more than 70 clients from government institutions, disaster relief organizations, satellite cities, private companies in various industries, and government agencies in Indonesia.
【About ICMG Group】
ICMG Group has been leading co-creative innovation not only in Japan but also in Southeast Asia and US together with various stakeholders such as leading Japanese big corporations, startups, and government agencies. ICMG Group has also carried out renewable energy investment projects in Southeast Asia with Tokyo Electric Power Company and Chubu Electric Power Co, formed a strategic partnership in Singapore with UNDP to promote the Sustainable Development Goals (SDGs), and launched the sustainable city initiative project in Japan with Aichi Prefectural Government. ICMG Co-Creation Fund aims to create a sustainable society by providing growth capital and strong partner network of leading Japanese corporations to startups that solve social issues.
【About ICMG Co-Creation Fund】
ICMG Co-Creation Fund was launched in May 2021 and is being managed by ICMG Partners as the General Partner. The Limited Partners are Japan Airport Terminal, which operates Haneda Airport Terminal Building and its group company Haneda Future Research Institute(LP investment from Japan Airport Terminal), and Kiraboshi Bank, which aims to become “a comprehensive service provider with strong financial capabilities”. The fund aims to build an ecosystem that leads a sustainable future by encouraging co-creation between startups that solve social issues beyond industries and Japanese large companies. In addition to providing startups with speedy growth capital, we also aim to provide growth support by offering collaboration opportunities with ICMG Group’s network of Japanese large companies.