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Josys secures $32M Series A for its SaaS management platform

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Corporations have been dealing with IT operations and security management since the coronavirus pandemic, which has changed the way people work — remote or hybrid work — and accelerated the market opportunity. Zosys, which was spun off from its parent company Raxul last year, launched its automated management IT equipment and SaaS application in September 2021, which will reduce IT operation costs and improve security systems.

Josis, a Japanese B2B SaaS platform that streamlines and automates corporate IT operations, said today it raised 4.4 billion yen (about $32 million) in a Series A round led by Global Brain, with participation from ANRI, Digital Holdings, Yamauchi No. 10. office and the World Innovation Lab (WiL).

What differentiates Josys from other SaaS management platforms such as BetterCloud and Acta is that it empowers users by offering SaaS management as well as multi-professional services including device procurement, business process outsourcing (kitting services) and storage, the company said. .

Josys said its monthly recurring revenue (MRR) grew 29x in the nine months from Q1 to 4Q 2022. Its clients range from large businesses to small companies, including Japanese cosmetic company iStyle.

“Over the past five years, the environment around corporate IT has changed dramatically, with the number of managed SaaS constantly increasing along with device management and remote work,” said Keisuke Tatsuoka, General Partner, Global Brain. “JOSYS will simplify the management and administration of IT infrastructure and allow us to focus on business operations and will be an indispensable service for our businesses.”

The latest funding will help Zosys accelerate its overseas expansions, including Singapore, India, Australia, New Zealand, UK, Germany, the Netherlands, the US and Canada, targeting a first launch in Singapore in early 2023. In addition, it is intended to strengthen. Its R&D base in India and sales team in Japan. The company claims to accelerate the digital transformation of corporations.

“Corporate IT is undergoing major change due to digital transformation and changing ways of working post-coronavirus. [pandemic],” said general partner and co-founder of WL Ventures Masataka Matsumoto. “The importance of security management and the limitations of the internal product of corporate IT are some of the problems that the company is trying to solve worldwide to solve these challenges.”

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