Josys raises $32M Series A for its SaaS management platform

Businesses have been dealing with IT operations and security management since the coronavirus pandemic, which has changed the way people work — remote or hybrid work — and accelerated market opportunities. josysspun off from the parent company raksul launched its automated management IT devices and SaaS application in September 2021 last year that reduce IT operating costs and improve security systems.

josysJapan’s B2B SaaS platform that streamlines and automates businesses’ IT operations said it raised 4.4 billion yen (about $32 million) today in a Series A round led by Global Brain, with the participation of ANRI, Digital Holdings, Yamauchi No 10 family office and World Innovation Lab (WiL).

One of the things that sets Josys apart from other SaaS management platforms like BetterCloud and Okta is that it empowers users by offering multiple professional services including device procurement, business process outsourcing (kitting services) and storage, along with SaaS management, the company says. .

Josys claims its monthly recurring revenue (MRR) has increased 29x in nine months from Q1 to Q4 in 2022. Her clients range from large corporations to small businesses, including Japanese cosmetics company iStyle.

“Over the past five years, the Corporate IT environment has changed dramatically with the ever-increasing number of SaaS that need to be managed in addition to managing devices and working remotely,” said Global Brain general partner Keisuke Tatsuoka. “JOSYS simplifies the maintenance and management of the IT infrastructure and allows us to focus on business operations, becoming an indispensable service for our companies.”

The latest funding will help Josys accelerate its overseas expansions, including Singapore, India, Australia, New Zealand, UK, Germany, Netherlands, US and Canada, with a target of first launch in Singapore in early 2023. in India and sales force in Japan. The company says it wants to accelerate the digital transformation of companies.

“Corporate IT is undergoing a major transition due to the digital transformation and changing ways of working after the coronavirus [pandemic]” said general partner and co-founder of WiL Ventures Masataka Matsumoto. “The importance of security management and the limitations of corporate IT in-house production are some of the issues the company is addressing globally to solve these challenges.”