Global Brain leads $30m Series A for Japan's Josys

“Josys redefines corporate IT with an integrated one-stop cloud solution that simplifies and automates IT operations for employee lifecycle management,” Global Brain said in a statement.

“Its platform is conceptualised as a global SaaS [software-as-a-service] product – aiming not only to revolutionise Japanese industries, but also drive transformations globally.”

The plan is to enter Singapore, India, Australia, New Zealand, Germany, Netherlands, Canada, the US, and the UK within 2023, starting with Singapore. R&D is already conducted at a base in Bangalore.

Global Brain is investing via its eighth flagship fund, which was launched late last year with a target of JPY 40bn and a more international-facing mandate. World Innovation Lab, Anri, and Yamauchi No. 10 Family Office also participated, as did Digital Holdings, an advertising company.

Josys spun out last year from Rakul, a printing, advertising, and B2B platform that was also backed by Global Brain before going public in 2018. Its services include ledger management of IT devices and software-as-a-service (SaaS) used by employees, issuance and deletion of SaaS employees’ accounts, and automation of IT operations such as help desk outsourcing.

The company claims that remote and hybrid working arrangements have increased customer demand during the pandemic. It achieved a 29x increase in monthly recurring revenue in the first nine months of 2022, according to a separate statement.

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• Topics
• North Asia
• Support services
• Technology
• Early-stage
• Japan
• Global Brain Corporation
• World Innovation Lab (WiL)
• enterprise software
• digitalization