New Tokyo-headquartered Akari Technologies, the company behind the recently launched Air-Air Link system, has raised $50 million in a Series B round led by Japanese tech investor Fubon Capital.
Akari CEO Keiji Nishimura is now the chairman of Fuben’s Global Board of Directors.
In a press release, the fund’s chairman and CEO Hiroshi Nishimura noted the firm’s commitment to “fostering the development of technology, and making it a reality in Japan,” adding that the company has seen its valuation rise by “a staggering 10 times since its inception in 2009.”
Akari’s air-link system, which was introduced in Tokyo earlier this year, connects smartphones to the Internet through Bluetooth to provide a wireless internet connection.
The company has previously built the technology into its new AirLink smartphone, which launched in Tokyo in January.
Nishimura said that Akari has been investing in the mobile industry for years, but the AirLink is the first mobile Internet-enabled device that combines Bluetooth technology with Wi-Fi for high-speed data transfers.
Akaki has also partnered with Samsung on the Air Link smartphone, with the Korean company providing the Bluetooth and Wi-FI chips for the Air-Link device.
Akaku is one of the Japanese tech giants to announce a Series A funding round in the past two years.
It’s a global-based venture, led by Silicon Valley venture capital firm Andreessen Horowitz.
Akaru Technologies is best known for its Air-Line and AirLink technologies.
The two technologies enable users to connect to the internet using Bluetooth and WiFi.