Apr 13, 2011

NTT IP and others invest in Midokura, cloud computing technology /Nikkei

Midokura conducts an allocation of new shares of 113 million yen in total to NTT Investment Partners, Bit-isle, data center operator, 1st Holdings, software developer, and individual investors.

Midokura is an IT startup with engineers from Amazon, Google, and others to develop cloud platform developing technology using network virtualization. Each investors will develop their own products with the cloud technology.

Nikkei 4/13/2011

  • Pure VC is not included in the investors. It seems that the startup aims to take advantage of strategic synergy by the fundraising rather than just money.

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