2016 International CES UIEvolution Receives $5.0M from Mirai Creation Fund

LAS VEGAS -- January 4, 2015: UIEvolution Inc., a global leader in highly scalable connected device software platforms for the automotive, hotel and cruise industries, announced today at the International Consumer Electronics Show (CES), that it received an investment of $5 million from the Mirai Creation Fund, founded last year by SPARX Group Co., Ltd. in partnership with Toyota Motor Corporation (TMC) and Sumitomo Mitsui Banking Corporation.

UIEvolution Receives $5.0M from #Mirai Creation Fund Tweet this With this investment, UIEvolution aims to accelerate its advancements in its Internet of Things (IoT) technology and services, continuing its momentum of excellence in the connected car experience, pairing automobiles with smartphones and the Internet.

UIEvolution, in partnership with TMC, will develop the standard middleware for head units and deploy globally. Additionally, UIEvolution will be able to develop services by employing the Toyota Big Data Center, which will be newly built by TMC. A demonstration visualizing these services will be held at the Toyota booth at CES.

“We’re excited to continue our work with Toyota Motor Corporation as a trusted partner,” said Chris Ruff, CEO and president of UIEvolution. “This investment and our ongoing collaboration with TMC ensures that Toyota’s high standards for safety and security are integral to the development of its connected vehicles without compromising the enhanced in-car entertainment experience that drivers demand and we pride ourselves in delivering.”

“We are proud to have been selected by Toyota Motor Corporation as a tier-1 supplier for delivering next-generation technologies for the connected car,” said Koji Hosaka, president of UIEvolution Japan and GM of Automotive. “We are committed to delivering robust and sophisticated in-vehicle experiences that also uphold high standards for safety and security.”

UIEvolution is a vertical cloud Software-as-a-Service (SaaS) provider specializing in highly scalable connected device software and solutions across a broad range of markets, including Automotive, Cruise, Hotel, Retail and more. We believe that technology and connectivity should enhance and never distract from life experiences. From our inception in 2000, we have said - The User’s Experience Matters. And, now for over 15 years we have made software and provided services that deliver this vision. Headquartered in Seattle with offices in Tokyo and Detroit, UIEvolution has a proven track record with clients like Toyota, Lexus, DIRECTV, Princess Cruises, Samsung, AT&T, Holland America Lines, Microsoft, Disney, Mitsubishi and Panasonic. uievolution

The Mirai Creation Fund targets to invest in enterprises that possess innovative technologies in the core fields of artificial intelligence (Al), robotics, technologies to help achieve a hydrogen-based society, as well as other related projects. The fund began operations in November 2015, with SPARX as the fund’s general partner. The combined investment made by SPARX, TMC, and Sumitomo Mitsui Banking Corporation is approximately 13.5 billion yen. In addition, the fund is aiming to attract additional capital from investors until March 2016, reaching a total investment capital of approximately 50 billion yen.