DennoKotsu.Inc. announced that it has received ¥220 million in funding from JapanTaxi Co.,Ltd., NTT Docomo Ventures, Inc., JR West Innovations Co., Ltd., BroadBand Tower, Inc., and other investors
January 30, 2020
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DennoKotsu.Inc. announced that it has received ¥220,000,000 in an equity round of funding on January 31, 2020. The transaction included participation from returning investors JapanTaxi Co.,Ltd., NTT Docomo Ventures, Inc., JR West Innovations Co., Ltd., BroadBand Tower, Inc. (JASDAQ:3776), and individual investors. The company issued shares through third party allotment method.
BroadBand Tower, Inc. is a Japan-based company engaged in data center business and broadband distribution business. The Company operates in three business segments. The Computer Platform segment is involved in data centers, cloud solutions, data solutions, and the provision of other businesses. The IoT and AI Solutions segment is engaged in the provision of AI solutions utilizing natural language analysis technology, as well as IoT business and new business. The Media Solutions segment is engaged in the development of video distribution services for consumers, and Internet cinema using IoT Square. In addition, the segment is also engaged in the establishment of communication network for cable TV operators and program providers in Japan.
DennoKotsu.Inc. announced that it has received ¥220 million in funding from JapanTaxi Co.,Ltd., NTT Docomo Ventures, Inc., JR West Innovations Co., Ltd., BroadBand Tower, Inc., and other investors