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Japan's INCJ invests $10m in Treasure Data

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Innovation Network Corporation of Japan (INCJ) has invested $10 million in Treasure Data, a Silicon Valley-based big data start-up founded by two Japanese entrepreneurs.

SBI also took part in the round as well as several existing investors, Sierra Ventures, Scale Venture Partners, AME Cloud Ventures, IT-Farm, Dentsu Digital Investment, and Bill Tai. The company previously received $15 million in Series B funding led by Scale and with participation from AME in January 2015.

Co-founded by Hiro Yoshikawa and Kaz Ota in 2011, Treasure Data develops cloud-based data management platforms for the collection and analysis of big data, as well as providing consulting services for their integration. Its services are used in the analytical processing of log data from web, mobile, and other sources. The company had over 200 clients as of September.

INCJ said in a statement that it would provide business development support to Treasure Data. It noted that the utilization of big data is an urgent issue for Japanese companies.

INCJ is a state-backed investor with a remit to provide financial, technical and management support for the creation of Japanese businesses. It has capacity to invest up to JPY2 trillion ($19.4 billion).

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