Corporations have been dealing with IT operations and security management since the coronavirus pandemic accelerated the way people work – remote or hybrid work – and the market opportunity. Josi was spun off from its parent company Raxul last year, and in September 2021 it will automate IT tools and SaaS applications that reduce IT operational costs and improve security systems.
Josi, a Japanese B2B SaaS platform that streamlines and automates corporate IT operations, said today it raised 4.4 billion yen (approximately $32 million) in a Series A round led by Global Brain with ANRI, Digital Holdings, the No. 10 Yamauchi family. Office and World Innovation Lab (WIL).
One of the things that differentiates Josi from other SaaS management platforms like BetterCloud and Okta is that it empowers users by providing a range of professional services, including device procurement, business process (kitting services) and storage, the company said. .
Josie’s Monthly Recurring Revenue (MRR) increased by 29x in 9 months from Q1 to 4Q 2022. Its clients range from large enterprises to smaller companies, including Japanese cosmetics company iStyle.
“The environment around corporate IT has changed dramatically over the past five years,” said Keisuke Tatsuka, General Partner, Global Brain. “JOSYS simplifies the maintenance and management of IT infrastructure and allows us to focus on business operations and will be an essential service for our businesses.”
The latest funding will help Josi accelerate its overseas expansion, including Singapore, India, Australia, New Zealand, the UK, Germany, the Netherlands, the US and Canada, with plans to launch in Singapore in early 2023. Its R&D base in India and sales team in Japan. The company said it wants to accelerate the digital transformation of corporations.
“Corporate IT is undergoing a major transition through digital transformation and changing ways of working post-coronavirus. [pandemic]” said Will Ventures Masataka Matsumoto, General Partner and Founder. “The importance of security management and the limitations of in-house manufacturing in corporate IT are some of the issues the company is trying to address globally to address these challenges.”
