[RUTILEA Co., Ltd.] Regarding RUTILEA’s series D and debt financing for “Make AI Easy” a total of approximately 8.6 billion yen in funding *RUTILEA Co., Ltd.*
Press release: September 2, 2024
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RUTILEA for “Make AI Easy” raises a total of approximately 8.6 billion yen through Series D and debt financing
RUTILEA Co., Ltd. (Kyoto City, Kyoto Prefecture, President and CEO), which is engaged in vertical AI business with the mission of “Making AI Easy.”
AI Fukushima Co., Ltd. (Okuma Town, Futaba District, Fukushima Prefecture, Representative Director) is a wholly owned subsidiary of Takafumi Yano) and RUTILEA, which is engaged in the AI development platform business.
Takafumi Yano) has completed the procedures for equity financing and debt financing in the Series D round by August 2024.
As a result, RUTILEA Group is pleased to announce that it has decided to raise new funds totaling approximately 8.6 billion yen (including borrowing capacity).
Regarding equity financing, this round (Series D) will be led by Daiwa House Ventures, the lead investor, and Abies, the existing investor. Ventures, Global Brain, Shimadzu Future Innovation
Fund, Resona Capital, and Kyoto Capital Partners participated and made the investment.
At the same time, we will also carry out debt financing with Bank of Kyoto, Resona Bank, Sumitomo Mitsui Banking Corporation, Toho Bank, and 77 Bank as lenders, achieving unsecured, unguaranteed, and non-dilutive financing. .
As a result, the RUTILEA Group’s cumulative funding amount to date will be approximately 10 billion yen.
■Underwriters for third-party allotment capital increase (in no particular order)
new investor
・Daiwa House Ventures
・Global Brain
・Resona Capital
・Kyoto Capital Partners
Existing investors
・Abies Ventures
・Shimadzu Future Innovation Fund
■Borrowing financial institutions (in no particular order)
・Kyoto Bank
・Resona Bank
・Sumitomo Mitsui Banking Corporation
・Toho Bank
・77 Bank
▼About the use of the raised funds
We will proceed with the development of a GPU data center by AI Fukushima, investment in new businesses such as an AI development platform business that utilizes the center, research and development, and increased recruitment of sales and engineers.
▼About the business
Since our founding in 2018, we have been working to provide AI products that contribute to improving labor productivity by making highly accurate AI ready for use. Recently, we have been developing vertical AI businesses specializing in specific industries such as central government agencies and the automobile industry. Additionally, in 2024, we will establish a GPU data center in Okuma Town, Futaba District, Fukushima Prefecture, and start an AI development platform business.
[About RUTILEA Co., Ltd.]
Company name: RUTILEA Co., Ltd.
Founded: August 2018
Address: 6th floor, Y.J.K Building, 397 Shimomaruya-cho, Nakagyo-ku, Kyoto-shi, Kyoto Prefecture
Representative: Takafumi Yano, President and Representative Director Capital: 1.09 billion yen (including capital reserves. As of August 31, 2024) Business content: AI development platform business and vertical AI business
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