Corporations are grappling with IT operations and security management in the wake of the coronavirus pandemic, which has changed the way people work—remote or hybrid work—and accelerated market opportunities. Josisseparated from the parent company Raxul last year launched its IT automation devices and SaaS application in September 2021, which reduces IT operational costs and improves security systems.
Josisthe Japanese B2B SaaS platform that streamlines and automates enterprise IT operations, announced today that it has raised ¥4.4 billion (approximately $32 million) in a Series A round led by Global Brain, with participation from ANRI, Digital Holdings, the family Yamauchi No 10 office and World Innovation Lab (WiL).
One of the things that sets Josys apart from other SaaS management platforms like BetterCloud and Okta is that it empowers users by providing multiple professional services, including device provisioning, business process outsourcing (bundled services) and storage, together with SaaS management, the company says.
Josys claims its monthly recurring revenue (MRR) increased 29 times in nine months from Q1 to 4Q in 2022. Its customers range from large enterprises to small companies, including Japanese cosmetics company iStyle.
“Over the past five years, the environment around enterprise IT has changed dramatically, with the ever-increasing number of SaaS for management in addition to device management and remote work,” said Global Brain General Partner Keisuke Tatsuoka. “JOSYS simplifies the maintenance and management of IT infrastructure and allows us to focus on business operations and will become an indispensable service for our business.”
The latest funding will help Josys accelerate its overseas expansions, including Singapore, India, Australia, New Zealand, the UK, Germany, the Netherlands, the US and Canada, with the aim of the first launch in Singapore in early 2023. It also intends to strengthen its R&D base in India and sales team in Japan. The company says it wants to accelerate the digital transformation of corporations.
“Corporate IT is undergoing a major transition due to digital transformation and changing ways of working post-coronavirus [pandemic]” said WiL Ventures General Partner and Co-Founder Masataka Matsumoto. “The importance of security management and the limitations of in-house manufacturing of enterprise IT are some of the issues the company is trying to address globally to solve these challenges.”