Beff Secures Funding from Sumitomo Corporation's CVC to Eliminate Dependency on Individual Expertise in Battery Development

Overview of the Funding

Sumisho Venture Partners, the corporate venture capital arm of Sumitomo Corporation, has invested in Beff Inc., a company building a common infrastructure for battery manufacturing. Following this investment, Sumisho Venture Partners will leverage the Sumitomo Corporation Group's business network and expertise to help strengthen Beff's operational foundation.

About Beff's Business

Founded in July 2023, Beff Inc. is a startup developing a platform for battery development and mass production. The company provides "Beff Navigator," software that integrates and digitizes complex information required for battery development, as well as an "ERP system for battery manufacturing" that visualizes the production process. By digitizing the tacit knowledge and battery data accumulated on the manufacturing floor, Beff helps improve yields and shorten development cycles in the battery industry.

Background and Future Outlook

This investment recognizes Beff's vision to "pass on on-site tacit knowledge to the next generation through data and advance the battery development and manufacturing process." The company offers solutions combining data utilization and expert dispatch to address industry challenges such as the "over-reliance on individual expertise" and the "shortage of engineers." Moving forward, Beff aims to accelerate platform feature expansion, enhance its in-house laboratories, and drive global deployment to become the new standard infrastructure for the battery industry.

List of Investors

• Sumisho Venture Partners Inc.