# PicoCELA

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

- Industry: Telecoms
- Headquarters: Tokyo, Japan
- Website: www.picocela.com
- Total disclosed funding: $14M
- Latest round: Series B (Aug 18, 2020)
- Investors on record: 5

## About

Based in Japan, PicoCELA Inc. operates as a telecommunications company, specializing in advanced mesh Wi-Fi technology and IoT platforms for enhanced connectivity in challenging environments.PicoCELA Inc. was founded in 2008 in Tokyo, Japan, focusing on telecommunications solutions. The company has successfully completed 9 deals to date. Its latest funding round was a Series C, raising JPY 505.000 mn, led by Kyowa Exeo Corporation. The current company valuation stands at JPY 6188.276 mn. The CEO is Hiroshi Furukawa, alongside Satoshi Inoue.PicoCELA???? specializes in providing advanced mesh Wi-Fi technology and IoT platforms that seamlessly integrate edge and cloud computing solutions. Their core offerings include a range of products designed to enhance connectivity and communication in challenging environments, such as large logistics facilities, outdoor recreational areas, and disaster response scenarios. Notable products include the PCWL-0500, PCWL-0510, and PCWL-0530E series, which are engineered to deliver reliable wireless communication, especially in areas traditionally regarded as communication dead zones. The company targets various industries, including logistics, outdoor leisure, and disaster recovery, catering to both enterprises and public sector clients across Japan, as well as select international markets, delivering tailored solutions that address specific connectivity challenges.PicoCELA's revenue structure is primarily derived from B2B transactions, focusing on partnerships and direct sales to enterprises. The company engages with clients through subscription-based models, allowing customers to access their IoT platform and Wi-Fi solutions on a recurring basis. Additionally, PicoCELA collaborates with wholesalers and retailers for product distribution, ensuring a broad market reach. Their flagship offerings, such as the PicoManager® and other specialized access points, enable users to optimize their wireless environments while facilitating data-driven decision-making. Specific pricing details for these products and services have not been disclosed, reflecting the company's commitment to providing innovative technology solutions tailored to the needs of diverse clients and sectors.In January 2025, PicoCELA Inc. raised USD 7 million in an IPO, selling 1.75 million shares at USD 4 per share at Nasdaq, under the ticker 'PCLA'. The company plans to leverage this funding to develop new products and expand its market presence. Upcoming product launches include enhanced versions of their IoT platforms and new mesh Wi-Fi solutions, expected to be released by mid-2025. Furthermore, PicoCELA is targeting expansion into international markets, with plans to enter regions such as Southeast Asia and North America by 2026.

## Funding rounds

- Series B, Aug 18, 2020, $12M — Sojitz Corporation, Shimizu, Japan Post Capital, SBI Okasan Alternative Investment
- Series B, Nov 1, 2018, $1.7M — Innovation Engine

## Investors

- Innovation Engine (https://capitalatlas.ai/funds/innovation-engine) — Series B
- Sojitz Corporation — Series B
- Shimizu — Series B
- Japan Post Capital (https://capitalatlas.ai/funds/japan-post-capital) — Series B
- SBI Okasan Alternative Investment (https://capitalatlas.ai/funds/sbi-okasan-alternative-investment) — Series B