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Recruit Invests in DataWeave, a Provider of SaaS for Competitive Intelligence through AI Powered Analysis of Aggregated Web Data

Sep. 07, 2018
Recruit Co., Ltd.
Business / Management

Recruit Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President: Yoshihiro Kitamura; referenced below as "Recruit") , an intermediate holding company of Recruit Holdings Co., Ltd., has invested in DataWeave Pvt. Ltd (Headquarters: Singapore, CEO: Karthik Bettadapura, hereafter "DataWeave"), which is a provider of SaaS for Competitive Intelligence to support businesses' decision making through AI powered analysis of aggregated web data, through its investment subsidiary RSP Fund No. 6, LLC.

1. Background and Objective

With the spread of e-commerce, comparison of information by consumers becomes easier. The ability to provide optimal pricing and product selection to consumers based on consumption trends and competitor information has become mission-critical for companies seeking to enhance their competitiveness in a variety of product categories. DataWeave collects external data publically available on the web with high precision, supporting companies' business decisions using insights on prices, product assortment, promotions and more.

Through this investment, Recruit will support improvement in the quality of DataWeave's product suite and the expansion of its use, while DataWeave plans to use this fundraising to strengthen its sales and product development.

2. Overview of DataWeave

DataWeave

Using e-commerce sites and other sources of information, DataWeave provides a timely understanding of the pricing of a variety of competitors' products, then makes recommendations about optimal pricing. It also supports the planning of a company's product assortment by identifying its strengths and weaknesses relative to competitors and providing the latest information on recent product trends. Moreover, it analyzes competitors' online promotions, enhances the company's advertising strategy, and helps encourage purchases from new and existing customers.
The technology is currently used in various fields such as retail, manufacturing, consulting, portfolio management and investment, and overall strategic support across industry verticals. Its use in the travel and hospitality industries is expected to grow going forward.

(1) Company name DataWeave Pvt. Ltd.
(2) CEO Karthik Bettadapura
(3) Address 11 Woodlands Close #04-36H Woodlands 11, Singapore
(4) Established March 2011
(5) Main business Development and sale of Competitive Intelligence as a Service using AI and Web data aggregation.
(6) Webサイト https://dataweave.com/

3. Overview of RSP Fund No. 6, LLC

The fund aims to discover new technologies and new business models, and to acquire business opportunities which are relevant to new business development for the Recruit Group.

(1) Company name RSP Fund No. 6 LLC
(2) Representative Akihiko Okamoto
(3) Address 8-4-17 Ginza, Chuo-ku, Tokyo
(4) Established November 12, 2014
(5) Main business Investment development and venture capital