Josys, a Tokyo, Japan-based SaaS management platform that simplifies how IT works, has secured $100 million in venture debt funding.
The company also announced the general availability of its Multi-Tenant Portal which allows centralized IT teams to manage the SaaS ecosystem and security posture of an entire group of companies.
Investors
The backers were not disclosed.
Josys Use of Funds
The company plans to invest heavily in product development across its Silicon Valley and Bangalore offices, aiming to accelerate development tenfold over the next two years. Additionally, the company will expand its SaaS Operations Excellence Center in Japan, with plans to scale its team to 100 employees by the end of 2025.
About Josys
Founded by Yasukane Matsumoto and Sanjay Rajasekhar, Josys offers a SaaS management platform designed to simplify IT operations by providing organizations with comprehensive control over their SaaS applications and users. Its holistic approach equips IT teams with 360-degree oversight of their SaaS applications, enabling better visualization of user access, analysis of utilization trends, and automation of provisioning processes. Josys has its first SaaS Operations Excellence Center in Chiba City.
Funding Details
Company: Josys International Pte. Ltd.
Raised: $100M
Round: Pre-Seed
Funding Date: October 2024
Lead Investor: Undisclosed
Additional Investors:
Company Website: https://josys.com/
Software Category: SaaS Management
Source: https://www.prnewswire.com/news-releases/josys-saas-management-secures-100-million-in-venture-debt-302269178.html