Morgenrot Closes JPY 150 Million Funding Round from Mitsubishi HC Capital and SB C&S

— Series B total raised reaches 1.25 billion yen —

Morgenrot Inc. (Headquarters: Chiyoda-ku, Tokyo; President & CEO: Masamichi Nakamura; hereinafter “Morgenrot”), a provider of computing power infrastructure solutions for the generative AI era, today announced the second close of its Series B funding round, raising 150 million yen from two new investors: Mitsubishi HC Capital Inc. (Headquarters: Chiyoda-ku, Tokyo; Representative Director, President & CEO: Hiroki Hisai; hereinafter “Mitsubishi HC Capital”) and SB C&S Corp. (Headquarters: Minato-ku, Tokyo; President & CEO: Kazuya Kusakawa; hereinafter “SB C&S”). With this round, Morgenrot’s cumulative Series B funding reaches 1.25 billion yen.

Overview of the Financing

Round: Series B (Second Close)

Amount Raised: 150 million yen

Investors:

• Mitsubishi HC Capital

• SB C&S

Closing Date: April 30, 2026

Highlights of the Funding

Capital raised from strategic investors offering strong potential for mutual growth through business synergies.

• Mitsubishi HC Capital: Possessing a broad customer base, robust funding capabilities, and deep expertise in renewable energy power generation, this capital and business alliance is aimed at building and delivering computing power infrastructure that addresses diverse enterprise needs.

• SB C&S: Leveraging one of Japan’s largest sales networks and technical support infrastructure, this capital and business alliance further strengthens the distributor agreement for Morgenrot products concluded in March 2026 and aims to realize flexible, efficient computing power infrastructure for the AI era.

Background and Purpose of the Funding

Enterprise adoption of generative AI and large-scale simulation is rapidly accelerating, and demand for computing resources continues to grow. At the same time, computing power, including GPUs, is becoming increasingly sophisticated, while the environment surrounding data centers is growing more diverse and complex.

Against this backdrop, attention and demand are steadily rising for Morgenrot’s software solutions and engineering services that optimize and maximize the efficiency of computing resources. Furthermore, as customer deployments expand, delivering additional technical value that addresses newly emerging customer and market pain points has become the most critical theme for the Company’s continued growth.

Future Plans and Use of Proceeds

The funds raised will be primarily allocated to the following areas:

Strengthening product and platform development

• Feature updates to existing products

• Accelerating R&D in new domains (e.g., energy management)

Talent acquisition and organizational development

• Accelerating recruitment of engineers, R&D specialists, and business talent

• Expanding sales channels through partner collaboration

Accelerating global expansion

• Expanding operations in North America and other regions to accelerate overseas business development

Through these capital and business alliances with Mitsubishi HC Capital and SB C&S, Morgenrot will continue to provide computing resources that more enterprises can flexibly utilize, while taking on the challenge of creating new services that address emerging needs and challenges.

Investor Comments

Mitsubishi HC Capital Inc.

Makoto Sawada

Managing Executive Officer, Head of Industrial Machinery Business Division, Customer Solutions Unit

As generative AI becomes more widespread, computing resources such as GPUs are emerging as critical infrastructure for business activities. At the same time, their deployment and operation require highly specialized expertise and place a significant burden on enterprises. Morgenrot offers proprietary software that visualizes GPU utilization and uses virtualization technology to optimally control and allocate computing resources, providing a practical solution to these challenges — a strength we hold in high regard. We are engaged in business co-creation through our innovation investment fund, and through this partnership, we aim to create new services that combine Morgenrot’s technology with our strengths. Going forward, we will continue to support our customers’ business growth and digital transformation initiatives over the long term by advancing the use of computing resources.

SB C&S Corp.

Kazuya Kusakawa

Representatives, President & CEO

As generative AI becomes more widespread, optimizing computing resources is becoming an increasingly important theme for enterprises. In this context, we believe Morgenrot’s solution has tremendous potential to enable flexible and efficient utilization of computing power. In addition to this investment, we have also entered into a distributor agreement for Morgenrot products, and we will leverage our nationwide sales network of approximately 15,000 partners and our technical support infrastructure to strongly drive market expansion of this solution. Going forward, by further deepening collaboration with our sales partners, we will respond to increasingly diverse and sophisticated customer needs and contribute to creating new infrastructure value in the AI era.

Comment from Morgenrot's CEO

Masamichi Nakamura

President & CEO

We are sincerely grateful to have received investment from Mitsubishi HC Capital and SB C&S. Both companies bring deep expertise and extensive networks in finance and distribution, respectively, and we are honored to welcome such exceptionally strong partners as we work to implement our AI computing infrastructure business in society. Building on the momentum from our first close, we will work closely with our investment partners to deliver even greater value to our customers and further accelerate our business.

About Morgenrot

Morgenrot is a Japan-based startup with the mission of “realizing a world where anyone can access as much computing power as they need, when they need it.” The company aims to provide optimal computing environments by visualizing, managing, and optimizing enterprises’ computing resources and enabling the sharing of computing power. Demand for computing power to drive innovation is rapidly increasing among enterprises and research institutions, and shortages of such resources are expected to become even more acute in the future. Morgenrot addresses this challenge by enabling organizations to manage their computing resources appropriately and by establishing a sharing-economy model for computing power.