ScanX Inc., for which we act as tax adviser, raised seed funding. Our firm supported its founding-stage fundraising.

The company develops software for online processing and analysis of 3D point cloud data from construction, civil engineering, surveying, and similar fields. The financing was announced by investor DNX Ventures. On the same day, the official launch of ScanX Cloud was also announced.

Subsequent developments (addendum)

Following organizational restructuring, the company changed its name to Locus Blue Co., Ltd. on April 1, 2022. ScanX continues as the service name.

Furthermore, On December 21, 2022, it announced approximately JPY 400 million in pre-Series A funding, combining a third-party share allotment with financing from Japan Finance Corporation to expand its business and development organization.

There is also ZENRIN acquired shares on April 1, 2024, making it a consolidated subsidiary, announced April 26, 2024. Ownership at the time was ZENRIN 90.43% and Satoshi Miyatani 9.57%, resulting in an M&A exit.

Combining ZENRIN's map database and customer base with Locus Blue's 3D point cloud processing and analysis technology is intended to support efficiency and digital transformation in construction and other industries. This case progressed from startup financing through business growth to M&A.