TOKYO--(BUSINESS WIRE)--SMART INSIGHT CORPORATION (headquartered in Tokyo’s Chiyoda Ward, Kiyoshi Machida, President and CEO, hereafter, SMART InSight) has raised a series C round of funding through a third-party allocation of shares with Innovation Network Corporation of Japan as the subscriber.
An Overview of Series C
Subscriber of Third-party Allocation of Shares: Innovation Network Corporation of Japan (Chiyoda Ward, Tokyo, Mikihide Katsumata, President and COO)
Funding Amount: 500 million yen
Series A funding occurred in October of 2013 when the company was established through an incorporation-type company split. Series B then occurred in July of 2014. Funding was increased as noted above with series C.
Since October of 2013, development has focused on a next-generation
product, Mµgen, which can integrate and visualize multiple databases in
short periods of time. At the same time, we were preparing the product
for the global market.
On 22 July 2015, we held a product announcement for Mµgen, replete with endorsements from a total of twenty companies and business partners that have already engaged to use Mµgen.
With this latest infusion of funding we will be able to strengthen out technological and retail ties with global cloud service providers, and launch Mµgen domestically and overseas, primarily in the US market.
SMART INSIGHT CORPORATION
SMART InSight has been in development and sales since 2004 as an enterprise application software product that can fully supplement existing tools with a wide variety of information, experience, and knowledge, extending beyond narrow fields and systems. This takes us to today, where our software products are in use by many major companies as a means to improve their product strength, their customer responsiveness, and their information mastery. SMART INSIGHT CORPORATION began as its own entity on 4 October 2013, after splitting off from Uchida Spectrum, Inc. We are planning to expand our business to the cloud and big data markets, to offer application software globally, enabling the effective utilization of ever-growing and more diverse information.
SMART InSight® is a registered trademark of SMART INSIGHT CORPORATION. Mµgen is a trademark of SMART INSIGHT CORPORATION.