In addition to KDDI, Qlue Series B1 Funding is Supported by ASLI RI and Telkomsel Innovation Partner

Qlue today (04/6) announced the acquisition of series B1 funding. As previously reported, Global Brain through KDDI Open Innovation Fund III lead this round. Meanwhile, other investors involved are startups developing biometric services ASLI RI and also Telkomsel Innovation Partner.

Founder & CEO of Qlue Rama Raditya said, the entry of this investment allows Qlue to have higher scalability in providing solutions smart city in various cities in Indonesia. In addition, it will use it to strengthen the AI ​​and IoT capabilities of the platform.

"We are very enthusiastic about funding from KDDI [..] This synergy is established because Qlue and KDDI have the same vision in accelerating technology-based city development smart city. With the support of KDDI, which has a global business network, this will encourage Qlue market penetration abroad," said Rama.

Qlue will aggressively work on the Asian market as the main base for developing solutions smart city, with Japan, Malaysia and the Philippines as the main focus. For the domestic market, this increased scalability can also encourage industrial expansion into a number of sectors, such as health services, industrial estate managers, hotels, property developers, state-owned enterprises, to various other sectors.

The presence of ASLI RI is also interesting, previously they were known as developers biometric based security platform; they are also correlated with digital signature service developer startup TekenAja. The entry of ASLI RI will present its own synergy in strengthening various solutions smart city developed by Qlue.

"The capability of Qlue technology in educating CCTV cameras is very strategic with our business plan so that this synergy can provide added value for both ASLI RI and Qlue. We believe this strategic partnership will also have a positive impact on industry players in Indonesia because the use of technology will be more massive in the next few years," said RIonald Soerjanto, COO ORIGINAL RI.

Rama and the Qlue team are pretty sure that the potential smart city still very big. In Indonesia alone, according to the data they cite, the predicted market share will reach $820 billion by 2025.

Since its establishment in 2016, Qlue has been quite aggressive in expanding its business. Now they have been applied in 58 cities in Indonesia and have users abroad with a total number of more than 133 clients. As of 2020, Qlue business is also claimed experienced 70% growth compared to the previous year.