Tokyo-based startup FLUX has secured $32 million in a Series B funding round led by DNX Ventures, a venture capital firm. The funding also included participation from existing investors Archetype Ventures and new investors such as Japan Co-Investment, Aozora Corporate Investments, Salesforce Ventures, Sony Innovation Fund, SMBC Nikko Securities, and NTT Docomo Ventures.
This latest funding brings FLUX’s total raised funds to $40 million and will support the further development of FLUX AI, their no-code AI platform.
FLUX’s no-code AI platform, FLUX AI, allows businesses to harness the power of AI technologies like predictive analytics, natural language processing, and large language models, even without prior coding skills or knowledge.
With the growing demand for AI adoption, FLUX aims to provide companies in Japan with a cost-effective and efficient solution for integrating AI into their operations.
FLUX, the developer of FLUX AI, has positioned itself as an AI platform that offers no-code solutions, enabling businesses to integrate AI technologies into their operations seamlessly.
The company boasts a monthly data collection volume of over 100 terabytes through its services, which is utilized to train and enhance its models. FLUX uses a shared database to store this data, ensuring compliance with data governance and privacy regulations while adhering to the best data management practices.
This extensive data collection process enables FLUX to continually enhance the performance of its services, benefiting its over 1,100 publishers and advertisers, with enterprise customers constituting a significant portion of its clientele.
FLUX AI’s comprehensive suite of AI technologies encompasses predictive analytics, natural language processing (NLP), and large language models (LLMs). These technologies empower businesses to harness the potential of AI-driven insights without the need for coding expertise.
The market has a business landscape with dynamic nature and the transformative impact of AI technologies like large language models (LLMs) and generative AI. However, many Japanese companies face hurdles when adopting these technologies due to a scarcity of expertise and the necessary talent required for their implementation.
Bloomberg Intelligence projects that the generative AI market will witness unparalleled growth, with an estimated revenue potential of US$1.3 trillion by 2032.
With the new funding round, FLUX AI’s primary focus is enhancing its existing products, catering to the digital advertising and marketing sectors. These solutions aim to optimize ad revenue, streamline ad operations, and target online audiences more effectively.
Additionally, FLUX aims to develop simple and efficient AI-driven solutions that increase productivity and reduce operational costs across various industries.
The Series B funding will accelerate ongoing research efforts and enable recruiting of additional AI engineers. It is expected to enhance the company’s capabilities to conduct in-depth research on AI technologies, encompassing predictive analytics, natural language processing (NLP), and large language models (LLMs).