Global Brain, Globis lead $93m round for Japan's Josys
Global Brain and Globis Capital Partners have led a USD 93m Series B round for Josys, a Japan-based IT services provider specializing in helping companies manage devices.
Jafco, World Innovation Labs (WiL), Norinchukin Capital, SMBC Venture Capital, Spiral Capital, 31 Ventures, Z Venture Capital, NTT Docomo, and Yamauchi No. 10 Family Office also participated. It comes one year after an approximately USD 30m Series A led by Global Brain and featuring WiL, Yamauchi No. 10, Anri, and advertising company Digital Holdings.
Leveraging pandemic-fueled momentum around the shift to remote work, Josys spun out from Rakul, a printing, advertising, and B2B platform, in 2021. Rakul was also backed by Global Brain before going public in 2018 and participated in Josys’ Series B.
Josys offers cybersecurity, shadow IT, and device management, automation, and optimization services for companies with globally dispersed staff. It claims to have added more than 300 customers and increased its revenue tenfold since the Series A.
The Series B capital will be used primarily to expand the team and operations in the US and Asia. Josys currently has around 100 employees across Japan, India, Singapore, Vietnam, and the US. There are also plans to scale the go-to-market strategy, with a focus on building out the managed service provider network.
These efforts are hoped to allow Josys to also provide IT outsourcing services for device lifecycle management, covering purchasing, configuration, shipping, repairing, and storing laptops and mobiles. The company said that by offering local sourcing and device support, it can reduce IT onboarding time for overseas employees from several weeks to just a few days.
“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,” CEO Yasukane Matsumoto said in a statement.
“As businesses shifted to remote work and adopted numerous SaaS [software-as-a-service] solutions, the challenge of maintaining the single source of truth for IT operations became daunting.”
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