Japan's Ptmind raises $10 mln in Series B funding round led by China's Aplus

Ptmind, a Japanese data analytics company, announced that it has raised more than $10 million in a Series B funding round.

The funding round was led by Chinese venture capital firm Aplus Capital, bringing its total amount raised to date to nearly $30 million.

The funds will be used to develop and expand Datadeck, one of Ptmind’s flagship products, with improved automation, team workflow, and machine learning-driven features. Ptmind also plans to expand its international workforce of 150 employees, particularly in Japan, Malaysia, and the U.S.

Ptmind said that the new funds further will be used for the growth of its flagship products. It will improve the core technology and quickly expand to the U.S. market while at the same time continuing to grow its current sales functions and exposure in the Chinese and Japanese markets.