# S-Mat

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/s-mat

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.s-mat.co.jp
- Latest round: Series C (Apr 10, 2025)
- Investors on record: 4

## About

S-Mat, Inc., based in Japan, specializes in IoT-driven inventory management solutions, enhancing supply chain efficiency through their SmartMat Cloud system.Founded in 2014 in Tokyo, Japan, S-Mat, Inc. offers innovative inventory management solutions that leverage IoT technology. In June 2025, S-Mat, Inc. raised an undisclosed amount in venture funding from new investor NTT Finance. The current valuation of S-Mat, Inc. stands at JPY 9,137.099 mn. The firm was founded by individuals whose previous ventures are not disclosed, and it has no known subsidiaries or parent companies.????????? specializes in IoT-based inventory management solutions, primarily offering its flagship product, the SmartMat Cloud. This innovative system utilizes IoT weight sensors to monitor inventory levels in real-time, enabling businesses to enhance their supply chain efficiency and operational effectiveness. Designed for various sectors, including food service, hospitality, healthcare, and manufacturing, the SmartMat Cloud provides a comprehensive platform that records and analyzes inventory data 24/7. The company's solutions address critical challenges such as inventory visibility and management, thereby allowing customers to implement 'Just In Time' inventory practices. ????? serves a diverse client base, consisting of over 1,200 companies and deploying more than 80,000 IoT smart mats across markets in Japan and potentially expanding into other regions focused on similar operational efficiencies.The revenue model of ????????? is primarily based on a Software as a Service (SaaS) structure, where clients subscribe to the SmartMat Cloud for ongoing access to the inventory management system. This model facilitates a steady revenue stream, as clients typically engage in long-term contracts for continuous service. Transactions occur through a direct B2B approach, whereby businesses purchase subscriptions for the software and the associated IoT hardware, such as smart mats, which are integral to the service. The company’s pricing plans are structured to cater to various business sizes and needs within their customer base, reflecting the operational complexity and volume of inventory being managed. The transition from B2C to B2B has enabled ????????? to target manufacturing clients, who now constitute over half of their customer demographic, thus enhancing their revenue potential in the industrial sector.In April 2025, S-Mat, Inc. raised an undisclosed amount in Series C funding from new investor MLC Ventures. This round was part of a larger JPY 400 million series C and debt funding, which the company will utilize for product development, recruitment, advertising, and promotion expenses. The firm aims to launch new products designed to enhance their existing inventory management solutions and targets expansion into new geographic markets to broaden their reach. Specific plans for entry into additional regions are being evaluated to maximize operational efficiencies. The company plans to use the June 2025 funding to further the business growth of its IoT inventory management system “SmartMat Cloud”.

## Funding rounds

- Series C, Apr 10, 2025 — MLC Ventures
- Series C, Oct 9, 2024 — Canon Marketing Japan, Shinkin Capital, Suzuyo Shoji CO.,LTD

## Investors

- Canon Marketing Japan — Series C
- Shinkin Capital (https://capitalatlas.ai/funds/shinkin-capital) — Series C
- Suzuyo Shoji CO.,LTD — Series C
- MLC Ventures (https://capitalatlas.ai/funds/mlc-ventures) — Series C