Japan’s captcha startup Capy accepted into Microsoft Ventures accelerator in Tel Aviv!!
Capy is a Delaware-registered and Tokyo-based startup and has been developing an alternative secure technology replacing existing CAPTCHA features. The company announced on Friday that it has been selected by Microsoft Ventures as one of 11 startups which will be joining the latter’s fifth batch of incubation program in Tel Aviv, Israel. According to Microsoft Ventures, this batch received nearly 300 applications from 32 countries and carefully selected 11 finalists including Capy after several preliminary selection processes.
According to Capy, their CTO Koki Shimada and other several team members will be staying at Microsoft R&D center in Tel Aviv for several months, and be committed to further develop as to improve the security level of their recently announced risk-based authentication technology, while receiving advices from as many as 123 mentors from companies like Akamai and Jerusalem Venture Partners.
Capy raised a seed round funding from angel investors in 2012, and subsequently secured a series A funding worth about 100 million yen (about $1 million) from Japanese investment firm Jafco in 2013. The company won the IVS launchpad award at Infinity Ventures Summit in Kyoto last year.
On a related note about Japanese startups selected by Microsoft Ventures, a head-mounted display developer Fove was recently accepted to join the latest batch of Microsoft Ventures accelerator program in London. The team appeared on stage at TechCrunch Disrupt in San Francisco earlier this week.