LocationMind completes second close of Series B, raising a total of JPY 3.17bn

LocationMind, an AI and space venture spun out of the University of Tokyo, has raised a total of 3.17 billion yen in Series B funding from investors including Hakuhodo DY Ventures, Shizuoka Bank, Shizuoka Capital, Gogin Capital, JA Mitsui Leasing, and SuMiTRUST. This brings the total funding raised since the company’s founding to approximately 4.91 billion yen.

In this second closing of Series B, the company has raised a total of 1.37 billion yen, consisting of approximately 930 million yen in equity and approximately 450 million yen in debt.

LocationMind is a venture company that aims to become the world’s largest location information bank and develops two businesses: AI and space related to location information.

In the AI ​​business, LocationMind handles various types of global location information big data such as people, cars, ships, and satellite images, and provide advanced analysis on a global scale. Currently, they have grown to handle location information from over 80 countries, and will continue to accelerate their business development both domestically and internationally.

In the space business, LocationMind has patented technology that applies security measures to the positioning signal itself and provide next-generation GNSS security services. Positioning signals, represented by GPS, are currently the representative means of knowing location information in the world. However, because positioning signals are transmitted with open specifications, there is a risk that they can be easily tampered with or attacked, and various frauds and attacks have actually been carried out.

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