Global Brain and KDDI invest in IoT device management platform Resin

The $5 million financing includes participants in two previous equity rounds totaling $12 million, including DFJ, GE Ventures, and Aspect Ventures.

Japanese venture capital firm Global Brain (GB) and KDDI announced a $5 million investment in, an innovative startup that provides a comprehensive management platform for Linux based IoT devices. The platform provided by Resin is being adopted globally in various size companies, from SME to large organizations in various industries.

As a general partner of KDDI Open Innovation Fund III, Global Brain Corporation in collaboration with SORACOM, KDDI Group company, set up the SORACOM IoT Fund Program in order to strengthen its efforts on areas that are increasingly important in the 5G era, and will discover promising startups utilizing knowledge of networks, technologies and business with startups owned by Global Brain, KDDI and SORACOM.

GB has evaluated Resin’s past achievements and technical capability and will leverage its resources to support Resin in collaboration with SORACOM.

The investment is the first from the Soracom IoT Fund Program, a component of the KDDI Open Innovation Fund III recently launched by KDDI Corporation, Soracom’s parent company, and Japan’s second-largest telecommunication service provider. The mission of the Soracom Fund is to identify and support innovative companies advancing the state-of-the-art in IoT.