Japanese SaaS and device management platform Josys has raised $93 million in a Series B funding round led by domestic venture capital firms Global Brain and Globis Capital Partners.
The latest round brings the total funding raised by the startup to $125 million.
Josys plans to use the proceeds to expand its product and engineering team, grow its operations in the United States, and the APAC region, and scale its go-to-market strategy. The firm is targeting to build out its managed service provider network for increased territory coverage and faster service delivery.
Founded in 2021, Josys helps companies to automate and optimise the management of their software applications and devices. The startup raised $32 million in its Series A round in September last year.
“In the wake of the pandemic, we are seeing increased complexities in IT operations across the globe as companies struggle to modernize their operations and catch up with the technological and human shifts that have transformed how and where work gets done. As businesses shifted to remote work and adopted numerous SaaS solutions, the challenge of maintaining the ‘single source of truth‘ for IT operations became daunting,” said Josys CEO Yasukane Matsumoto in a company statement.
“With the momentum of customer onboarding propelling us onward, this will further strengthen our position as an industry leader. We expect more announcements in Q4, 2023,” the Josys CEO said.