Preferred Networks, Inc. Secures Record $1 Billion Funding Round for Revolutionary Tech Ventures

Preferred Networks, Inc. (PFN) has announced a groundbreaking funding round, successfully raising an impressive ¥10 billion (approximately $68 million) to further its mission of transforming industries through advanced technologies. Established in March 2014, PFN has made significant strides in developing practical applications of deep learning and robotics across various sectors, including transportation, manufacturing, life sciences, and education. This latest injection of capital will empower PFN to accelerate its innovative projects, further enhance its cutting-edge technologies, and expand its extensive research initiatives. Notably, PFN’s commitment to pioneering technological advancements is exemplified by the development of Chainer™, the acclaimed open-source deep learning framework introduced in 2015, and the deployment of the MN-3 supercomputer, recognized for topping the Green500 list three times between 2020 and 2021 for its exceptional processing capabilities. The new funding will support the expansion of PFN’s operations, enhance its research in robotics and AI, and drive the creation of more efficient solutions across its diverse business domains. Additionally, the company plans to strengthen collaborations with industry partners and academic institutions, further solidifying its position as a leader in utilizing deep learning technology to address real-world challenges. This funding milestone not only highlights investor confidence in PFN's future but also underscores the increasing demand for innovative solutions in an ever-evolving technological landscape, setting the stage for an exciting future in the realms of AI and robotics.