News Summary

Tokyo-based startup Sakana AI has successfully raised ¥20 billion (approximately $135 million) in a Series B funding round, increasing its valuation to $2.65 billion. Founded in 2023 by former Google researchers Llion Jones, Ren Ito, and David Ha, Sakana AI focuses on creating affordable generative AI models optimized for the Japanese language and culture. The funding round included major Japanese financial institutions like Mitsubishi UFJ Financial Group, as well as global investors such as Khosla Ventures and Lux Capital. The raised capital will be directed towards research and development, workforce expansion, and the company’s enterprise business growth beyond finance into sectors like industrial and manufacturing. Sakana AI aims to meet the rising global demand for AI solutions that reflect national cultures and values.