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Chronicles

The story behind the story

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Tokyo-based Josys, which was founded in 2022 to help companies automate corporate IT operations, has raised a ~$32M Series A led by Global Brain

Kate Park / TechCrunch :

TechCrunch Kate Park

Context & Ripple Effects

Josys is barely months old and already pulling institutional money: the Tokyo startup, founded in 2022 to automate corporate IT operations, closed a ~$32M Series A with Global Brain leading. The round lands in a category that was heating up fast — earlier that same month, Israeli rival Torii raised a $50M Series B for its own SaaS management platform, showing investors on both sides of the Pacific betting on the same workflow.

Global Brain is the connective thread: the firm led this Series A and then doubled down a year later, co-leading Josys' $93M Series B alongside Globis Capital Partners — an unusually fast follow-on that signals conviction rather than option value.

First-order effects

  • Josys gets the capital to hire and expand beyond its founding team while the corporate IT automation market is still being carved up, with Global Brain taking a lead position at the earliest stage.

Second-order effects

  • Torii's $50M raise weeks earlier means Josys enters a market where an established competitor already has roughly 1.5x its total funding — pricing and product velocity pressure from day one, especially for shared enterprise customers.

Third-order effects

  • The rapid Series A-to-Series B cadence, followed by adjacent Japan enterprise-software rounds like SmartHR's $140M Series E and LayerX's $100M back-office automation raise, points toward Japanese corporate software consolidating into well-capitalized platforms competing for the same back-office budgets.

The trend: Enterprise back-office automation in Japan is drawing escalating venture rounds at every stage, with repeat backers like Global Brain concentrating capital around early winners.

Discussion

  • @yasukane Yasukane Matsumoto on x
    Josys, Raksul's new project, raised $32M for series A. We are going to launch Josys in SG, India, US in the beginning of 2023. TC picked our challenge up. We are recruiting for global leadership team, PM, Marketing, CRO who cover multinational. https://techcrunch.com/...