NVIDIA-Backed Japanese AI Company Sakana Raises $214 Million in Funding Led by Nomura Holdings
SakanaAI, a Japanese AI Company, Secures $214 Million in Series A Funding
On September 18th, SakanaAI, a Japanese artificial intelligence company, secured approximately 30 billion Japanese yen ($214 million) in Series A funding, valuing the company at $1.5 billion. Founded just one year ago in July 2023 by former Google researchers, SakanaAI has attracted investment from major financial institutions including Mitsubishi UFJ Financial Group, Mizuho Financial Group, Sumitomo Mitsui Banking Corporation, and Nomura Holdings, along with prominent corporations like NEC, Itochu Corporation, KDDI, and Fujitsu.
SakanaAI has secured processing time on Japan's supercomputers and is collaborating with multiple organizations to strengthen the country's AI ecosystem. This aligns with NVIDIA's recent initiative to support Japan's sovereign AI projects.
