Japan’s Sakana AI worth $1.5bn in latest megabank fund raise

TOKYO — Just over a year since it was founded by former Google researchers, Tokyo-based artificial intelligence firm Sakana was valued at $1.5 billion in its latest fundraising round, which included three of Japan's megabanks and other companies. .

According to reliable sources, 10 top Japanese companies will invest about 10 billion yen ($71 million) in Sakana AI after the Series A financing. That's in addition to investments from US chipmaker Nvidia and some venture capital firms, the startup announced earlier this month. The total amount raised reached 30 billion yen.

Leave a Reply

Your email address will not be published. Required fields are marked *