TOKYO -- Just over a year since it was co-founded by former Google researchers, Tokyo-based Sakana AI has been valued at $1.5 billion in the latest fundraising round involving three Japanese megabanks and other companies, according to a person familiar with the matter.
Ten top-tier Japanese companies will invest around 10 billion yen ($71 million) in Sakana AI after its Series A funding, according to reliable sources. This is in addition to investments from U.S. chipmaker Nvidia and some venture capital companies, the startup announced earlier this month. The total amount raised has reached 30 billion yen.
