Hexabase Raises 720M Yen Series B to Scale DevOps Cloud Platform

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TLDR

  • Hexabase closed a 720M yen (~$5M) Series B, lifting cumulative funding to 1.17B yen, with MIRAISE participating for the second consecutive round.

Key Takeaways

  • New investors in the round include Netyear Group, SMBC Venture Capital, Shizuoka Capital, and SOLIZE Corporation.
  • Hexabase is a cloud development platform built on Kubernetes, providing backend services including databases, user management, and workflow for enterprise web systems.
  • The company sources engineers globally, including an active team in the Philippines, compensating for Japan’s severe IT talent shortage.
  • MIRAISE data shows engineer-founders among Japan’s top-20 funded startups rose from 5% in 2017 to 25% in 2021, a fivefold increase in five years.
  • MIRAISE focuses exclusively on engineer-founders and has backed 53 companies as of September 2023, concentrating on DevOps, AI, and Web3.

Why It Matters

  • Hexabase’s global hiring model is a direct product of having a technical founder who can evaluate and recruit engineers across borders from day one.
  • MIRAISE’s continued follow-on investment signals conviction in DevOps infrastructure as a durable category for engineer-led startups in Japan.

MIRAISE LLC, via PR TIMES · 2024-01-25 · Read on PR TIMES

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