Scalar, Inc. (Shinjuku-ku, Tokyo, CEO and COO: Wataru Fukatsu, CEO and CTO Hiroyuki Yamada, hereinafter referred to as “Scalar”) is a third-party allotment with the following underwriters as a pre-series A round. We have implemented a capital increase.
List of underwriters
- Electric Power Development Co., Ltd. (J-Power)
- D4V1 Investment Business Limited Liability Partnership
- LINE Ventures Corporation
- MID VENTURE CAPITAL Inc.
- MS Digital Investment Limited Partnership
(*Honorifics omitted, in alphabetical order)
Purpose of this procurement
Scalar has been developing its core product, the distributed ledger software ScalarDLT. With this procurement, we will expand the functions of ScalarDLT, expand domain-specific solution templates, and build a system for sales expansion.
- Enhancements to ScalarDLT
Expansion of domain-specific solution templates*
- We will extend the functions of ScalarDLT and Management Tools.
Building a system for sales expansion
- As an application on ScalarDLT, in addition to the consent management solution template for personal data that we have been working on so far, there are multiple templates such as a template for managing the provision of information to third parties in information banks and a solution template for managing the integrity of digital data. We develop domain-specific solution templates.
* Contracts, APIs, UI components, etc. that can be used in common in each business area
- In order to expand sales of ScalarDLT, we will strengthen recruitment and partnering.
What is ScalarDLT
ScalarDLT consists of Scalar DB, a distributed database software, and ScalarDL, a distributed ledger software. It executes smart contracts with electronic signatures in the form of distributed transactions, and chains the execution results with multiple independent components. By systematically managing it, it is possible to achieve high scalability, strong consistency, and determinism that were difficult to achieve with conventional blockchains, while maintaining high tampering detection.
About Scalar Inc.
Representative Director, CEO and COO: Wataru Fukatsu
Representative Director, CEO and CTO: Hiroyuki Yamada
Established: December 2017
Business: Research, development and provision of distributed ledger software
About Electric Power Development Co., Ltd.
For about 70 years, J-Power has contributed to the economic development of Japan and the improvement of people's lives by supplying low-cost and stable electricity and constructing and operating trunk transmission lines throughout the country. We will continue to grow on a global scale by understanding the changes in the business environment surrounding energy, introducing the latest technology, and accumulating originality and ingenuity, such as by taking on challenges in new business domains.
Representative: Tadachika Watanabe, President and CEO
Location: 6-15-1 Ginza, Chuo-ku, Tokyo
Comment from Electric Power Development Co., Ltd.
With this investment as an opportunity, J-Power will combine Scalar's distributed ledger software technology with J-Power's technology and know-how cultivated through various power generation assets and power generation businesses to create a new global infrastructure. We aim to create business.
About TIS Inc.
TIS Intec Group's TIS offers a large number of service-type IT solutions, such as data centers and clouds, in addition to SI and contract development. At the same time, we have established a global support system centered on China and the ASEAN region, contributing to the growth of our customers' businesses as a business partner of more than 3,000 companies in various industries such as finance, manufacturing, distribution/service, public, and telecommunications. I'm here. See below for details.
Comment from TIS
By utilizing ScalarDLT, which achieves both high tamper resistance and scalability, we will provide new services that will change the way back-office operations such as accounting and human resources should be in Japanese companies, and work together to strongly promote productivity improvements throughout Japan. I hope you can do it.
About D4V1 Investment Business Limited Liability Partnership
D4V (Design for Ventures) is a venture capital firm in partnership with IDEO. We support Japanese seed/early stage startups to make an impact in the world through design, unique deep insights, mentorship, wide network and capital. As of the end of 2019, we have invested in 41 companies.
About LINE Ventures Japan Limited Liability Partnership
LINE Ventures Japan Limited Liability Partnership is a venture capital fund operated by LINE Ventures Corporation, a group company of LINE Corporation. We will actively invest in technologies and teams that aim to create “WOW” (a first-time experience that impresses users and a surprise that makes them want to share it with their friends), which is one of LINE’s core values. We support the challenges of startups while considering various synergies with the group. See below for details.
About MID Venture Capital
MID Venture Capital is an independent venture capital firm that specializes in seed and early stage investments and specializes in financial support. Please refer to the following for investment destinations.
About MS Digital Investment Business Limited Liability Partnership
A limited liability partnership operated by Mitsui Sumitomo Insurance Capital Co., Ltd., a wholly owned subsidiary of Mitsui Sumitomo Insurance Co., Ltd. The Association invests in excellent startups that have digital technology that is beneficial to the digitalization strategy of Mitsui Sumitomo Insurance Co., Ltd., and whose future public offerings can be expected. See below for details.