# IoTBASE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/iotbase

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: https://iotbase.co.jp
- Total disclosed funding: $0.3M
- Latest round: Seed (Jul 6, 2020)
- Investors on record: 2

## About

IoTBASE Inc. is a technology company that develops innovative Internet of Things solutions, enhancing operational efficiency across various industries through connected devices and software platforms.Founded in 2015, IoTBASE Inc. is headquartered in Tokyo, Japan, where it specializes in IoT solutions. The company has completed 3 deals, with the most recent investment round occurring on June 16, 2021, raising JPY 30 million in venture debt. Notably, this funding was part of a larger JPY 80 million pre-Series A equity and debt financing. The company has not undergone significant pivots or changes in its business operations since inception.IoTBASE Inc. provides a range of IoT solutions aimed at improving operational efficiency. Their product offerings include connected devices and software platforms that facilitate real-time data collection, analytics, and remote monitoring. The solutions are tailored for diverse sectors such as manufacturing, logistics, and smart city initiatives, supporting clients in resource management, asset tracking, and predictive maintenance. These products are developed for deployment across multiple regions, including North America, Europe, and Asia-Pacific, meeting specific industry standards and regulations.The company employs a dual revenue model that incorporates subscription-based services alongside direct sales of IoT products. Clients establish partnerships allowing for continuous software service subscriptions paired with the purchase of necessary hardware. This model fosters long-term relationships and ensures ongoing client support and updates, with tailored pricing plans designed to cater to varying business needs. Revenue is generated through the sales of proprietary software and associated devices, delivering a comprehensive service package.IoTBASE Inc. is focused on utilizing the JPY 30 million raised in June 2021 for further growth and product development. The company aims to expand its product lineup with new offerings scheduled for release in 2022, targeting increased efficiency and functionality. Additionally, IoTBASE plans to enter new markets in Europe and North America by 2023, leveraging recent funding to support these initiatives and enhance its operational capabilities.

## Funding rounds

- Seed, Jul 6, 2020, $0.3M — Globis Capital Partners, Incubate Fund

## Investors

- Globis Capital Partners (https://capitalatlas.ai/funds/globis-capital-partners) — Seed
- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Seed