Josys, a SaaS management platform, raises $93M 

Josys, a startup providing a software-as-a-service (SaaS) platform to automate company IT software program utility management, has raised a $93 million Series B spherical led by current backer Global Brain and a new investor, Globis Capital Partners.

The newest funding, which brings its whole raised to $125 million, comes about a yr after its $32 million Series A in September final yr.

Josys, spun off from its father or mother firm, Raksul, in 2021, at present has 300 small- to medium-sized enterprises utilizing its platform, a rise of greater than triple from 90 clients in August 2022, Yasukane Matsumoto, CEO of Josys, instructed TechCrunch. In addition, the outfit generates income with its web income retention (NRR) price exceeding 140% and has hit profitability with a buyer acquisition value payback interval of lower than one yr, Matsumoto stated.

Josys offers the SaaS management platform and IT outsourcing companies that handle the IT machine life cycle, together with “purchasing, configuration, shipping, repairing and storage of laptops and mobile devices,” which will likely be, particularly, sensible for corporations that function in lots of international locations.

Since its Series A spherical final yr, it has added options resembling Shadow IT discovery, which permits customers to find unregulated software program utilization, and SaaS utilization visualization and real-time asset monitoring through a grasp information management system.

The Japan-headquartered firm has expanded globally and now operates its enterprise within the U.S. and a variety of Asian international locations, together with Singapore, India, the Philippines, Indonesia, Malaysia, Vietnam, Thailand and South Korea. Josys says it goals to supply companies in over 100 international locations by 2025.

Josys will use the current capital to double its product and engineering group workforce and enhance its distribution channels to ship the companies. As of August this yr, the corporate had roughly 120 staff throughout all areas, aiming to develop to about 240 employees by year-end.

“Organizations across the globe are struggling to modernize their operations and catch up with the technological and human shifts that have transformed how and where work gets done,” Matsumoto stated in its assertion. “At Josys, our vision for ‘Better Systems, Better World’ drives us to reimagine the traditional IT operations playbook for the hybrid work era and deliver a next-generation LifecycleOps platform to help companies of all sizes establish efficient and secure practices for managing their applications and devices.”