vaak: Chief Executive Officer Ryo Tanaka also said the Vision Fund had expressed interest and that its investment could come as early as next year. ; Vaak wants to install its murder and terrorism targeting software at airports and shopping malls around Japan, and is in talks with government bodies in the U.S., Singapore and the United Arab Emirates to introduce its service, according to The Japan Times. It hopes its software can eventually become instrumental in fighting more serious crimes such as murder and terrorism. Tokyo-based Vaak, which is already using artificial intelligence to detect shoplifters before they commit theft, said it will sell shares to investors including Soft Bank's venture capital arms. Vaak plans an initial public offering on the Tokyo Stock Exchange as early as 2022, the CEO said. The firm hired Hiromichi Maruono, a former investment banker at Citigroup Inc. and Lehman Brothers Holdings Inc., as chief financial officer in June. It is also considering additional listings in Hong Kong and New York.
(news.financializer.com). As
reported in the news.
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