MODE, Inc. Secures $8.75 Million in Series B Funding to Revolutionize Industrial Sites with AI and IoT

MODE Inc., headquartered in San Mateo, California, announces a successful conclusion of Series B funding, raising $8.75 million. Under the leadership of CEO Gaku Ueda, MODE specializes in leveraging the internet of things (IoT) and generative AI to enhance digital transformation at industrial sites. Notable investors include SBI Investment Co., Ltd., True Ventures, JR East Startup Co., Ltd., and Daiichi Jitsugyo Co., Ltd.

The funds are earmarked for the development of "BizStack AI Assistant," integrating generative AI with IoT for more efficient data usage at industrial facilities. This initiative aims to mitigate labor shortages by fostering a collaborative environment between humans and AI. Moreover, MODE plans to use the funding to expand its footprint in North America, seeking new customers and global partnerships.

Investors commend MODE's innovative solutions and dedication to enhancing safety and efficiency on industrial sites. SBI Investment Co., Ltd. supports MODE's evolution from a data-accumulating to a data-utilizing IoT platform. True Ventures highlights the potential of BizStack AI Assistant to transform data access and insight generation for businesses. Daiichi Jitsugyo Co., Ltd. emphasizes the need for digital transformation in manufacturing, supporting MODE's vision for global expansion.

Gaku Ueda, CEO and Co-Founder of MODE, Inc., expresses gratitude for the continued support from investors. The company remains committed to utilizing on-site data to uncover valuable insights and improve daily operations at various industrial facilities.