Uhuru Receives Funding Through Third Party Allotment

Uhuru Corporation (“Uhuru”, headquarters: Minato-ku, Tokyo, President & CEO: Takashi Sonoda) raised ¥2 billion in funds through a third party placement to JIC Venture Growth Investments Co., Ltd. (“JIC VGI”, headquarters: Chiyoda-ku, Tokyo, President & CEO: Hideki Yarimizu)

With this financing, Uhuru plans to further increase corporate value by promoting and expanding the company’s IoT business and more actively participating in smart city projects.

* The names of the companies, products and services describe in this release are the trademarks or registered trademarks of their respective owners.

About Uhuru Corporation

Based on our corporate philosophy “Create a sustainable society with technology and out of the box thinking”, Uhuru supports and promotes digital transformation (DX) and data utilization by businesses and society. We offer on-stop access to services such as consulting and system development based on our in-house products and solutions for edge devices and the cloud. To go beyond the framework of corporate activities and make DX for localities and industries happen, we are working on R&D in the domain of IoT + blockchain while advocating ways to introduce and standardize a system for trusted data distribution, an essential factor for smart cities and supply chains.
URL: https://uhuru.co.jp/en/