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Home>Sunnyvale-Based Data Services Company FlyData Gets $4 Million Financing

Sunnyvale-Based Data Services Company FlyData Gets $4 Million Financing

Sunnyvale-Based Data Services Company FlyData Gets $4 Million Financing

09/27/2017

Sunnyvale-Based Data Services Company FlyData Gets $4 Million Financing

- Company facilitates data loading to the cloud for AI and IoT operations -

FlyData Inc., a Japanese-American company that enables data-driven management to allow customers to move large amounts of information to existing data warehouses, announced the completion of its $4 million Series A round of financing. Mirai Creation Investment Limited Partnership (operated by SPARX Group Co., Ltd.) led the investment round, with participation from Amano Corporation and Nissay Capital.

The investment will help the company aggressively expand its sales and marketing efforts of FlyData Sync products as well as building data solutions for IoT customers and AI data management tools. The company also opened a new office in Tokyo in August. Koichi Fujikawa, founder of FlyData, says, “We are honored to receive funding from some of Japan’s most prestigious investors. This will not only help us attract world-class talent, but is also a validation of our model and the markets we serve.”

For Industry IoT, FlyData 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 leading optical-based sensor company. For AI data management tools, Project Associate Professor Yutaka Matsuo from the University of Tokyo, a leading researcher in the field of deep learning, was appointed as FlyData’s corporate advisor. This arrangement will allow the company to tap into the best and brightest engineering talent in the United States and Japan.

About FlyData

FlyData Inc. is headquartered in Sunnyvale, California, and was founded in 2011 based on a project selected as a part of Japan’s Ministry of Economy, Trade and Industry's MITOU Program. Previously FlyData raised more than $5M from noted investors in Japan and the US, including 500 Startups. FlyData aims to be a total solution provider for data applications, by offering solutions in the industry IoT and AI sectors, in addition to its data integration solutions.

About Mirai Creation Investment Limited Partnership

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