Qlue Announces Additional Series B1 Funding from ICMG

Platform developer startups smart city "Qlue" announced additional Series B1 funding from Intellectual Capital Management Group (ICMG) Pte Ltd (Singapore) with an undisclosed amount.

For your information, ICMG is a company that focuses on co-create business in vertical smart city & smart village, MaaS & logistics, healthcare & life sciences, energy & water, digital, and sustainability (SDGs).

"ICMG is a strategic investor for Qlue to scale up our solutions in various cities in Japan," said Qlue Founder & CEO RaMa Raditya on his personal LinkedIn page.

Previously in June 2021, Qlue received series B1 funding from the Japanese telecommunications company KDDI, Telkomsel Mitra Innovation (TMI), and startup developer of ASLI RI biometric services. It is known that this funding will be used to boost Qlue's aggressive expansion into the Asian market through the development of solutions smart city integrated. Its main target markets are Japan, Malaysia, and the Philippines.

Strategic cooperation is also carried out with investors. One of which is synergy with KDDI, both will integrate various platforms developed by Qlue into KDDI's line of business in Southeast Asia.

Qlue . expansion

In a separate statement, ICMG representative uncovering this investment is important in bringing smart city safe and secure, both in Indonesia and other Asian countries. The development of this solution can support further customer acquisition and expansion of Qlue.

In addition, this expansion is also in line with increasing urbanization around the world, where 70 percent of the world's population is projected to live in urban areas by 2050. This situation will certainly raise new problems, from security issues to improving the quality of life and economy.

"Therefore, we plan to expand the enterprise AI monitoring solution to various cities tier 1 give tier 2 in Indonesia. We also plan to expand to other regions in Asia, with Vietnam, the Philippines, Thailand, Japan, as the main destinations," he added.

ICMG also said it would support Qlue's expansion plan to Japan by leveraging its network to large-scale companies in Japan. In addition, ICMG will also support the synergy of subsidiaries and affiliates of Japanese companies that will expand to Indonesia.

Going forward, Qlue will strengthen its position as a developer of AI technology-based monitoring solutions in Indonesia through partnerships with government and corporate segments.

Qlue develops integrated solutions that can automate monitoring activities and increase worker productivity through AI-based solutions. These solutions can be implemented in both the government and business sectors to drive a number of efficiencies, such as reduced costs, increased labor productivity, and increased security.

Qlue solutions currently consist of QlueApp (citizen reporting application), QlueVision (artificial intelligence-based CCTV video analysis), QlueWork (mobile workforce management), QlueDashboard (data visualization platform), QlueSense (IoT-based product solution), and QlueThermal (automated mask and body temperature scanning solution).

As of June 2021, around 120 cities/districts have utilized the Qlue solution. Several Qlue solutions have also been implemented in a number of countries, including Singapore, the Philippines, China, Japan, India, Russia, Australia, two countries in Europe, and four countries in the Americas.