Josys CEO Yasukane Matsumoto
Josys, a Japanese device management startup helping companies reduce IT operation costs and enhance security systems, has raised US$93 million in Series B funding.
Global Brain and Globis Capital Partners led the round, bringing Josys’s total funding to US$125 million.
With this new round of funding, the SaaS startup plans to expand its product and engineering team and grow its operations in the US and the APAC region.
Established in 2021, Josys helps companies automate and optimise the management of their software applications and devices.
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Josys plans to scale its go-to-market strategy, focusing on building its managed service provider network for increased territory coverage and expedited service delivery. This expansion will allow it to provide IT outsourcing services for device lifecycle management, covering purchasing, configuration, shipping, repairing, and storing laptops and mobiles.
“In the wake of the pandemic, we are seeing increased complexities in IT operations across the globe as companies struggle to modernise their operations and catch up with the technological and human shifts that have transformed how and where work gets done. As businesses shifted to remote work and adopted numerous SaaS solutions, the challenge of maintaining the ‘single source of truth’ for IT operations became daunting,” said Josys CEO Yasukane Matsumoto.
In September 2022, the company raised US$32 million in its Series A round. Since then, it claims to have bagged over 300 enterprise clients and increased revenues by 10x.
The firm has over 100 employees across the US, India, Japan, Singapore, and Vietnam.
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Image Credit: Josys.
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