Indonesia’s Qlue banks Series B financing to scale its smart city solutions to new markets in Asia
Qlue, a smart city ecosystem provider in Indonesia, said today it has secured an undisclosed amount in Series B financing round, led by KDDI Open Innovation Fund III (KOIF III), a fund supported by Global Brain.
Other participating investors are local VC firm Telkomsel Mitra Inovasi (TMI) and ASLI RI (a biometric service provider), as per a press release.
The Jakarta-headquartered startup will use the capital for expansion into new markets in Asia and develop new solutions. The KDDI investment will help Qlue penetrate into markets such as Japan, Malaysia and the Philippines.
“With this investment, Qlue is equipped with more resources to implement smart city solutions as Indonesia is entering the 4.0 industry era,” said Qlue founder and CEO Rama Raditya.
Established in 2016, Qlue has built a platform cutting-edge technology products leveraging workforce management, Artificial Intelligence (AI), and Internet of Things (IoT).
It has developed citizen reporting app QlueApp (for the government), in addition to QlueVision (computer vision technology), QlueWork (mobile workforce management), QlueDashboard (all-in-one platform for visualising data), and QlueSense (IoT-based technology).
The firm is working with the Jakarta government on its first smart city concept in Indonesia. Over the past four years, claims the firm, this partnership has helped in reducing potential flood points by 94 per cent and improving government performance by 61.4 per cent.
In the domestic market, Qlue will further expand into healthcare service, industrial area management, hospitality, property developers, and state-owned enterprises.
Currently, Qlue has more than 70 clients across government and private sectors. They include government institutions and agencies, disaster relief organisations, satellite cities, and private companies in various industries.
Its previous investors are Prasetia, MDI Ventures and GDP Ventures.
Director Indonesia Office Representative Global Brain Sho Ikeda said: “Qlue provides a smart city platform that enables one-stop centralised control of the detection, analysis, and solution of urban problems through advanced technologies such as AI and IoT. Qlue’s products, which provide a comprehensive approach to various issues, contribute to enhancing urban functions across Indonesia through collaboration with many local governments, ministries, and private companies, including the capital city of Jakarta.”
TMI CEO Andi Kristianto added: “Telkomsel consistently develops digital trifecta that embraces digital connectivity, digital platform, and digital services for inclusive and sustainable digital ecosystem. Our investment will improve people’s digital lifestyle experience and encourage cross-sector digitalisation through productivity improvement and higher efficiency, and open up wider innovation opportunities.”
Image Credit: Qlue
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,Indonesia’s Qlue banks Series B financing to scale its smart city solutions to new markets in Asia | e27
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