ALGO ARTIS Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Kentaro Nagata) has announced that it has raised a total of 1.538 billion yen in its Series B funding round.
In this round, Salesforce Ventures LLC, the investment arm of the US-based Salesforce, participated as the lead investor. Additionally, Japan Co-Invest IV Limited Partnership (Sumitomo Mitsui Trust Investment Co., Ltd.) joined as a new investor. The company also received follow-on investments from existing investors, including The University of Tokyo Edge Capital Partners Co., Ltd. (UTEC), DeNA Co., Ltd., and K4 Ventures LLC (Kansai Electric Power Group CVC). With this latest round, the total equity raised has reached 2.514 billion yen, bringing the total cumulative funding, including debt financing, to 3.244 billion yen.
ALGO ARTIS provides the 'OPTIUM Series', a 'Planning DX' (Digital Transformation) solution that supports complex planning operations and decision-making in the social infrastructure sector utilizing advanced AI and algorithm technologies. The company aims to become the 'infrastructure for decision-making' in essential frontline operations across various sectors such as power, logistics, manufacturing, and transportation. They are currently driving a 'Multi-Vertical Strategy', expanding into multiple industries by combining a common technological foundation with industry-specific solutions.
Through this new funding, ALGO ARTIS will accelerate the recruitment of engineering talent to further strengthen its common technological platform and industry-specific solutions, as well as business development professionals dedicated to each sector. The company will also aggressively invest in the creation of new businesses and overseas expansion, thereby further promoting mid-to-long-term growth and the social implementation of 'Planning DX'.
In the field supporting social infrastructure, the difficulty of planning operations is increasing year by year due to challenges such as the instability of energy supply and demand, the increasing complexity of supply chains, labor shortages, and the difficulty of passing down technical skills. By supplementing and supporting decision-making that traditionally relied on human experience and intuition with data and algorithms, ALGO ARTIS contributes to improved profitability, supply-demand optimization, and rapid response to environmental changes. They aim to deliver an impact that directly correlates with the sustainability of society as a whole through the accumulation of steady, incremental improvements.
FACT BOX
- Source: PR TIMES
- Category: Funding
- Organizations: Salesforce Ventures LLC