Japan’s data management tech firm Skydisc raises $6.5m

Japanese Yen

Fukuoka headquartered Skydisc, a one-stop provider of detachable sensors for Internet-of-things (IoT) and artificial intelligence (AI) for data management, has raised 740 million yen (about $6.5 million) investment to advance their work on data analysis technology, The Bridge reported.

The round was backed by existing investors Tokyo-based venture capital, Nissay Capital, Dogan Beta, the investment arm of a Fukuoka-based financial consulting firm, and Tokyo-based Archetype Ventures which had also participated in Skydisc’s 100 million yen (about $855,000) seed investment in January 2016.

Others who participated in the latest investment round include DG Daiwa Ventures, a joint venture of Digital Garage and Daiwa Securities, Energy & Environment Investment, Yamaguchi Capital, the investment arm of Yamaguchi Financial Group and electronics manufacturer, Kaga Electronics.

Started in October 2013, by Osamu Hashimoto, Skydisc develops detachable sensors called GINGA Box, the company’s flagship product. The data acquired are analyzed on the company’s data analysis platform, GINGA Cloud or SkyAnalyzer.

One of Skydisc’s efforts already executed includes using AI and IoT powered machines to detect faults in major power plants. They have also introduced a package for the agriculture industry, Hatamori, acting as a vegetable field keeper.

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