"AI Made Easy" RUTILEA, Inc. is pleased to announce that it has raised approximately JPY 600 million in its Series C final close in October 2023.
The round includes lead investor Abies Ventures, existing investors Monozukuri Ventures, CBC Corporation and Star Mica Holdings Inc, as well as new investors Last One Mile Co., Ltd., WingArc1st Inc, Shimadzu Future Innovation Investment Limited Partnership (managed by Shimadzu Corporation and Global Brain Corporation), one other operating company and individual investors. This brings the cumulative amount of funds raised to date to approximately 1.2 billion yen.
Use of funds raised
There will be a thorough focus on strengthening earning power by investing in new businesses, researching and developing products, building a sustainable earnings model, and increasing the number of sales and engineers.
About the business
Since its founding in 2018, the company has been working on providing AI products that contribute to improving labour productivity by making them highly accurate and ready for use; solving the problem of insufficient data, which is a barrier in the AI implementation process, through generative AI and foundational models; Providing products that simplify the complexity of the implementation process through zero-coding.