MODE Secures ¥970 Million Funding Led by SoftBank for IoT Platform Expansion

MODE announced the completion of a funding round totaling approximately ¥970 million, led by SoftBank, with additional investments from Basis and Sankyu-SBI Investment. Cumulatively, the company has raised about USD 35.96 million since its inception.

The funds will be utilized to bolster development, expand product features, and improve sales efforts, facilitating the transition of BizStack from proof of concept to practical application. Notable achievements include Nichirei Logistics Group's remote monitoring of 80 frozen warehouses, JR East's real-time tracking accuracy of 1 meter, and Tekken Corporation's verification time reduction from 60 minutes to 3 minutes. Collaborative efforts will focus on generative AI and operational systems within the construction, infrastructure, manufacturing, and logistics sectors.