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Scalar, Inc. Completes Series A Funding of 1.5 Billion Yen

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Expanded marketing and sales system for the domestic market, expanded product functions and strengthened support system, and started preparations for entering the US market.

Scalar Inc. (Headquarters: Shinjuku-ku, Tokyo, CEO and COO: Wataru Fukatsu, CEO and CTO: Hiroyuki Yamada) has raised 1.5 billion yen through a third-party allotment in a series A round. We are happy to inform you that it is complete.

The funds will be used to expand marketing and sales systems for the domestic market, expand product functions, and strengthen support systems, as well as begin preparations for entering the US market.

What Scalar Inc. aims for

Our company has a vision of "Realizing Reliable Data Society" and our mission is "Making Data Management More Reliable." A start-up company that develops and sells.

As the data-centered social infrastructure progresses, data will organically connect various systems and various processes based on data will be automated. However, in such a social infrastructure, if data falsification or inconsistency occurs, a large amount of damage will spread over a wide area, and the credibility of business will be greatly impaired. In order to ensure the reliability of the business associated with this data management, we are researching, developing, and selling software with the aim of solving problems related to the authenticity and consistency of data.

  1. In order to accelerate the development of Scalar products, we will develop middleware close to applications, improve the convenience and performance of ScalarDB / ScalarDL, expand adapters, expand support platforms, and develop new products.

  2. We will strengthen our marketing and sales systems in order to sell our products to companies that engage in the preservation of evidence of electronic documents and data, inter-company transactions based on data, and service-oriented operations. In addition, we will develop partner companies that sell and introduce our products.

  3. We aim to investigate customer issues for US companies and introduce them within three years.

Main underwriters of funding in Series A round (in no particular order)

  • Mitsui Sumitomo Insurance Capital Co., Ltd.

  • MIRAITRONC Co., Ltd.

  • Okaji Securities Co., Ltd.

  • Mirai Creation No. 3 Fund (SPARX Group Co., Ltd.)

  • DEEPCORE TOKYO No. 2 Investment Limited Partnership (DEEPCORE Co., Ltd.)

  • ID Holdings Co., Ltd.

  • Mitsubishi UFJ Capital No. 8 Investment Business Limited

  • Liability Partnership (Mitsubishi UFJ Capital Co., Ltd.)

This round was executed with Mitsui Sumitomo Insurance Capital Co., Ltd. and MIRAITRONC Co., Ltd. as co-leads.

Preparations for entering the US market

We have signed a partnership agreement with DeepKey Data (Headquarters: San Francisco Bay Area, CEO: Joe McCunney) and will start promotional and sales activities in the US market.

* Please see below for the announcement of the partnership with DeepKey Data. https://www.deepkeydata.com/deepkey-data-announces-partnership-with-scalar

Comments from underwriters

Mitsui Sumitomo Insurance Capital Co., Ltd. Investment Development Manager Ryosuke Ide

We have continued to invest in line with the company's growth since the founding round. The company's ScalarDB/DL realizes a transaction management mechanism that runs on various databases and data tampering detection in the database, and ScalarDB/DL is the de facto database middleware for accelerating DX in the enterprise area. I'm sure it will be.

D4V (Design for Ventures) Principal Fumiaki Nagase

Continuing from the previous round, we made a second follow-on investment. We look forward to working with you in the future business expansion phase. Scalar provides distributed ledger technology for enterprises, contributing to the realization of secure data management systems that were difficult with conventional database systems. Our technological capabilities are at a very high level even from a global perspective, and we have just built up a track record of working with large companies such as Toyota Motor Corporation as clients. It can be said that it is one of the hottest tech startups right now. We hope that the technical interest of distributed ledger technology will be conveyed to many people through the success of Scalar.

MIRAITRONC Co., Ltd. General Partner & CEO Mizuki Inoue

Against the backdrop of data falsification problems and rising risks of intellectual property leaks, the need to ensure data reliability is increasing year by year. Scalar is a company that provides a unique solution that can meet such needs. Scalar's technology is highly regarded around the world, and we are confident that it will fundamentally change the way data management is done. We are very pleased to be able to support the dramatic growth of Scalar, even if just a little, and at the same time we hope that it will be active in the world in the future as a startup with global potential.

Mirai Creation No. 3 Fund SPARX Group Co., Ltd. Executive Vice President and COO Masatoshi Fukami

Digital transformation and open innovation in corporate activities are progressing, and as the importance of measures against data leaks and falsification, and ensuring authenticity increases, Scalar has its own distributed ledger technology, and with its high technological capabilities, As a solution that can be implemented in society, it has been adopted by major industry companies such as Toyota Motor Corporation and Mitsui Sumitomo Insurance Co., Ltd., and we expect that it will make great strides in the domestic and overseas data management market in the future.

DEEPCORE TOKYO No. 2 Investment Business Limited Liability Partnership DEEPCORE Co., Ltd. Manager Yuki Nara

ScalarDB, which enables ACID transactions on various databases, and Scalar DL, which detects data tampering in databases, are products that bring about a major change in the way enterprise companies manage data. Data management using ScalarDB/DL has the power to enable new services and business flows that were difficult to achieve with conventional extensions. It has already been introduced to the industry's largest companies and new use cases are being developed, and we believe that we can achieve dramatic growth in the future. I am very happy that Scalar will join us in the challenge of accelerating DX in Japan and globally.

Toshio Yamakawa, Executive Vice President, ID Holdings Co., Ltd.

Scalar's ScalarDB/DL overcomes business issues such as "high-speed processing of large amounts of data," which general distributed ledgers are not good at. It is highly rated for large companies that use data. Since our founding in 1969, we have provided support in the fields of system development, operation, and cyber security, mainly to major companies in the financial, public, aviation, and manufacturing industries. Through this investment in Scalar, we intend to establish a good relationship with Scalar and respond to customer needs by activating cooperation in the field of ScalarDB/DL introduction support and maintenance.

Mitsubishi UFJ Capital No. 8 Investment Business Limited Liability Partnership Mitsubishi UFJ Capital Co., Ltd. Investment Dept. III General Manager Yuuichi Nishio

In the future, as corporate DX progresses further, it is expected that there will be more opportunities for data to be organically combined between companies. Under these circumstances, it seems that the authenticity and reliability of databases will be emphasized more and more, and we expect that ScalarDL and ScalarDB, which excel in solving these problems, will have more opportunities to be used worldwide. increase. We would like to use this investment as an opportunity to leverage our strengths as a member of MUFG to contribute to the business growth of our company, a technology venture originating in Japan.

About Scalar Inc.

Representative Director: Wataru Fukatsu (CEO/COO) / Hiroyuki Yamada (CEO/CTO) Location: Room 209, FARO Kagurazaka, 5-1 Fukuromachi, Shinjuku-ku, Tokyo 162-0828 Established: December 2017 Business: Research, development and provision of database middleware URL: https://scalar-labs.com

Inquiries about this release

Public Relations, Scalar Inc. press@scalar-labs.com

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