FLUX aims to provide companies in Japan with a cost-effective and efficient solution for integrating AI into their operations with the growing demand for AI adoption
Tokyo-based startup FLUX, in a Series B funding round led by DNX Ventures, a venture capital firm, has secured $32 million. 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 also participated in the funding round.
This latest round of 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 AI, FLUX’s no-code AI platform, 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.
FLUX aims to provide companies in Japan with a cost-effective and efficient solution for integrating AI into their operations with the growing demand for AI adoption.
Enabling businesses to seamlessly integrate AI technologies into their operations, FLUX, the developer of FLUX AI, has positioned itself as an AI platform that offers no-code solutions.
Utilised to train and enhance its models, the company boasts a monthly data collection volume of over 100 terabytes through its services. While adhering to the best data management practises, FLUX uses a shared database to store this data, ensuring compliance with data governance and privacy regulations.
Benefiting its over 1,100 publishers and advertisers, with enterprise customers constituting a significant portion of its clientele, this extensive data collection process enables FLUX to continually enhance the performance of its services.
Predictive analytics, natural language processing (NLP), and large language models (LLMs) are encompassed by FLUX AI’s comprehensive suite of AI technologies. Without the need for coding expertise, these technologies empower businesses to harness the potential of AI-driven insights.
With its dynamic nature and the transformative impact of AI technologies like large language models (LLMs) and generative AI, the market has a business landscape. However, when adopting these technologies, due to a scarcity of expertise and the necessary talent required for their implementation, many Japanese companies face hurdles.
The generative AI market is projected to witness unparalleled growth, with an estimated revenue potential of US$1.3 trillion by 2032.
FLUX AI’s primary focus is enhancing its existing products with the new funding round, catering to the digital advertising and marketing sectors. These solutions aim to optimise 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 the recruitment of additional AI engineers. Encompassing predictive analytics, natural language processing (NLP), and large language models (LLMs), it is expected to enhance the company’s capabilities to conduct in-depth research on AI technologies.
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