Midokura Raises ¥113 Million in Seed Funding Round from Bit-Isle, NTT-IP and 1st Holdings

April 13, 2011

Tokyo, Japan – April 13, 2011 – Midokura Co., Ltd announced that it has raised ¥113 million Japanese yen ($1.3 million USD as of April 13, 2011) in a seed-funding round.

Major investors in the round include:

  • Bit-Isle, a major Japanese independent data center provider
    http://www.bit-isle.jp
  • NTT Investment Partners, an investment vehicle under the NTT grouphttp://www.nttip.co.jp/
  • 1st Holdings, a major independent package software vendor
    http://www.1st-hd.com/
  • Several entrepreneurs and top executives of IT companies, including Mr. Allen Miner, CEO of SunBridge Corporation

Midokura and three main investors will jointly accelerate the research and development of cloud-enabling technologies including innovative network virtualization. Midokura has already started cooperating with NTT Information Sharing Platform Laboratories in the OpenStack community.

Midokura was founded by in January 2010, by Tatsuya Kato, a serial entrepreneur and a former executive officer of CSK holdings, Dan Mihai Dumitriu, a former Researcher at Ecole Polytechnique Federale de Lausanne, and Kiyoshi Nishikawa, a renowned IT incubator at ngi group.

Midokura engineers have extensive experience in scalable infrastructures, and attract top talents from Google, Amazon and other industry leaders. Midokura has 13 members from 6 countries, Japan, the United States, France, Italy, India, and Romania.

Midokura is a pioneer in the network virtualization space, and provides cloud-enabling technologies for both public and private cloud platforms. Midokura aims to expand its business globally leveraging strategic alliances with partners.

About OpenStack

http://www.openstack.org/

OpenStack is a collection of open source technologies developed by a global, collaborative open source project targeting the cloud computing space, designed to create a rich, robust cloud computing infrastructure to serve as an industry standard benefiting both cloud providers and cloud customers. The mission of the Open Stack community is to produce the ubiquitous open source cloud computing platform that meet the needs of both public cloud providers and Enterprises deploying private clouds, regardless of size, by being simple to implement and massively scalable.

NASA, Rackspace and over 50 major cloud players from blue chip companies such as AMD, Intel, Cisco Systems, Citrix and Dell to up-and-coming companies such as Right Scale and Cloud.com back the OpenStack community.

OpenStack is a trademark of OpenStack, LLC, in the United States.

About Midokura Co., Ltd.

Midokura is a globally focused company born out of Tokyo Japan, aiming to lead in the cloud computing industry and furthermore, protection of the global environment. Midokura is managed by industry veterans and visionaries and has a unique vision, embracing “Western innovation and architectures”, “Japanese customer experience”, and “Asian productivity”.

Midokura’s goal is to provide truly flexible, scalable, secure and easy solutions to build and manage cloud infrastructures.

Company Profile

Company Name:   Midokura Co., Ltd.
Company Address:   7F Azabudai Hinoki Building 3-1-5 Azabuda
Minato-ku Tokyo, Japan 106-0041
Satellite offices in Barcelona, Spain and Los Angeles, United States
Established:   January 4, 2010
Capital:   115,970,000 Japanese yen (expected as of 4/22/2011)
Management Team:   Co-Founder & CEO Kato Tatsuya
Co-Founder & CTO Dan Mihai Dumitriu
URL:   https://www.midokura.com

Press Inquiries

Corporate Communication:   Etsuko Kanetaka
TEL:   +81 3-6277-7394
e-mail:   info@midokura.jp