FlyData, Inc., a Sunnyvale, CA-based data services company, completed a $4m Series A round of financing.
The round was led by Mirai Creation Investment Limited Partnership (operated by SPARX Group Co., Ltd.), with participation from Amano Corporation and Nissay Capital.
The company intends to use the funds to expand its sales and marketing efforts of its products as well as building data solutions for IoT customers and AI data management tools.
Founded in 2011 by Koichi Fujikawa, FlyData enables data-driven management to allow customers to move large amounts of information to existing data warehouses.
The company, which also opened a new office in Tokyo in August:
– For Industry IoT, will continue developing a cloud-based Big Data platform to help automotive/manufacturing customers improve the efficiency of production-line and quality control through a partnership with OptoComb, a optical-based sensor company.
– For AI data management tools, Project Associate Professor Yutaka Matsuo from the University of Tokyo, a researcher in the field of deep learning, was appointed as FlyData’s corporate advisor.