Smart Insight, a Tokyo, Japan-based provider of enterprise application software product, raised a 500 million yen Series C round of funding.
Backers included Innovation Network Corporation of Japan.
The company intends to use the funds to strengthen out its technological and retail efforts with global cloud service providers, and launch Mµgen domestically and overseas, primarily in the US market.
Led by Kiyoshi Machida, President and CEO, Smart InSight provides Mµgen, an enterprise application software product that can fully supplement existing tools with a wide variety of information, experience, and knowledge, extending beyond narrow fields and systems. It can integrate and visualize multiple databases in short periods of time.
The company, which began as its own entity on 4 October 2013, after splitting off from Uchida Spectrum, Inc., is planning to expand the business to the cloud and big data markets, to offer application software globally.