# RICOS Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ricos-co

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.ricos.co.jp/
- Total disclosed funding: $5.4M
- Latest round: Series A (Sep 30, 2023)
- Investors on record: 7

## About

Based in Tokyo, Japan, and founded in 2006, RICOS Co. Ltd. operates as a provider of cloud-based solutions for computer-aided engineering and design. In September 2023, RICOS Co. Ltd. raised JPY 400 million in venture funding from DRONE FUND, Joyo Capital Partners, mint, Prometech Group, Inc., University of Tokyo Edge Capital Partners, and UT Founder's Association.

RICOS is a firm that creates industrial simulation software. The company's objective is to make simulation technology more accessible and efficient so that more people may utilize it to build new products and solve complicated challenges. The firm offers a complete simulation platform including tools for design, modeling, meshing, analysis, and visualization. In addition, the business creates and maintains a number of open source simulation software projects, such as IsoGCN, a machine learning approach for speeding up simulation calculations.

The company plans to use the Septemebr 2023 funding to continue the development of its software services, improve the algorithm of its AI, and hire more employees.

## Funding rounds

- Series A, Sep 30, 2023, $2.7M — University of Tokyo Edge Capital Partners, Joyo Capital Partners, Drone Fund, mint, UT Founder's Association, Prometech Group, Inc.
- Series A, Oct 1, 2021, $2.7M — University of Tokyo Edge Capital Partners, DG Ventures

## Investors

- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series A
- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Series A
- Joyo Capital Partners (https://capitalatlas.ai/funds/joyo-capital-partners) — Series A
- Drone Fund (https://capitalatlas.ai/funds/drone-fund) — Series A
- mint (https://capitalatlas.ai/funds/mint) — Series A
- UT Founder's Association — Series A
- Prometech Group, Inc. — Series A