Fileforce, Inc.

Based in Japan, Fileforce, Inc. operates as a provider of cloud storage solutions tailored for corporate clients, enhancing file management and security across various industries. Fileforce, Inc. , founded in 2001 and headquartered in Tokyo, Japan, specializes in domestic cloud storage solutions for corporate clients.

The company has raised a total of JPY 595 million in its latest funding round, Series D, on April 12, 2023, from investors including NIPPON TELEGRAPH AND TELEPHONE EAST CORPORATION and CTS Co. The CEO is Fumihiko Sekine, and the founder is Aram Sargsyan. The firm has completed a total of 4 deals to date, emphasizing its growth in Japan and potentially beyond. Fileforce provides a cloud storage platform specifically designed for corporate clients, featuring unlimited user accounts and robust file management capabilities.

The platform includes advanced functionalities such as flexible access rights management and extensive file sharing features, integrating seamlessly with popular applications like Microsoft Office. Serving over 23,000 clients across sectors including retail, manufacturing, and IT, Fileforce is primarily marketed in Japan, while ensuring compliance with local regulations. Fileforce generates revenue through a subscription-based pricing model with various plans designed to meet diverse business needs. The ID-based pricing plan starts at JPY 9,900 per month for 10 user accounts, with unlimited user plans ranging from JPY 60,000 to JPY 360,000 per month.

Clients typically engage in annual contracts, benefiting from features such as ransomware protection and workflow capabilities, thus creating a consistent revenue stream for the company. Following the Series D funding round on April 12, 2023, Fileforce, Inc. plans to utilize the JPY 595 million raised for further development of its product offerings and services. The company is expected to launch new products designed to enhance its cloud storage solutions.

Additionally, there are plans to expand into new geographic regions, targeting markets that align with its corporate filing and storage solutions by the end of 2024.