RUTILEA of Zero Code AI completes approximately 300 million yen in funding in Series C1 round - with an extension round scheduled for late September.

RUTILEA Inc., which provides zero-code AI products with the slogan "Making AI Easy," announced in August 2023 that it has completed approximately 300 million yen in funding in its Series C1 round. This round included lead investor Abies Ventures, existing investor Monozukuri Ventures, and several individual investors. With this, the total cumulative funding raised to date amounts to approximately 900 million yen.
Additionally, in late September 2023, the company plans to raise additional funds as an extension round of Series C. Furthermore, in October of the same year, it is expected to secure approximately 200 million yen in loans from financial institutions, bringing the total funding, including the extension round and loans, to around 800 million yen.
▼ About the Business
Since its founding in 2018, the company has been working to provide AI products that contribute to improving labor productivity by making highly accurate AI readily available. It offers products that simplify the complexity of the implementation process through zero-code solutions.
▼ Use of Raised Funds
The funds will be used for investments in new businesses, product research and development, building a sustainable revenue model, and increasing the hiring of sales and engineering staff, with a strong focus on enhancing profitability.

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