Preferred Networks secures JPY 19 billion first close
Preferred Networks raised JPY 19 billion through equity and debt financing in the first close of its latest round.
Evidence notes
- SBI Group led the equity financing, with Development Bank of Japan, Mitsubishi Corporation, Sekisui House Investment Limited Partnership and Wacom also participating.
- MUFG Bank, Resona Bank, Shoko Chukin Bank and Sumitomo Mitsui Banking Corporation supplied debt financing.
- PFN allocated the capital to MN-Core processors, the PLaMo foundation model, AI infrastructure and related solutions and products.