Morgenrot Raises JPY 1.1 Billion in Series B First Close

Morgenrot Inc. (Headquarters: Chiyoda-ku, Tokyo; CEO: Masamichi Nakamura; hereinafter “Morgenrot”), a provider of infrastructure solutions delivering computing power for the generative AI era, today announced that it has completed the first close of its Series B funding round, raising a total of JPY 1.1 billion. The round was underwritten by Japan Investment Adviser Co., Ltd. (JIA), MIRAIT ONE Corporation, and Electric Power Development Co., Ltd. (J-POWER).

Overview of the Financing

Round: Series B (First Close)

Amount Raised: JPY 1.1 billion

Investors:

• Japan Investment Adviser Co., Ltd. (JIA)

• MIRAIT ONE Corporation

• Electric Power Development Co., Ltd. (J-POWER)

Closing Date: January 9, 2026

Highlights of the Funding

• The largest funding round in Morgenrot’s history, totaling JPY 1.1 billion

• Strategic investors expected to generate strong business synergies and mutual growth opportunities

• Strengthened capital and business alliance with JIA, which operates renewable energy businesses nationwide

• Additional investment from existing shareholder MIRAIT ONE Corporatio

• Additional fundraising planned for the second close

Background and Purpose of the Funding

As the adoption of generative AI and large-scale simulations accelerates across enterprises, demand for computing resources continues to grow rapidly. At the same time, advances in computing performance—particularly GPUs—and the increasing diversity and complexity of data center environments have heightened the need to optimize and efficiently manage computing resources.

Against this backdrop, demand for Morgenrot’s software solutions and engineering capabilities—designed to optimize and streamline computing resources—has steadily increased. As customer adoption expands, addressing newly emerging pain points across customers and markets by delivering additional technical value has become a top priority for Morgenrot’s continued business growth.

Future Plans and Use of Proceeds

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

Strengthening Product and Platform Development

• Functional enhancements to existing products

• Accelerated R&D in new domains, including energy management

Talent Acquisition and Organizational Growth

• Accelerated hiring of engineers, R&D personnel, and business professionals

• Expansion of sales channels through partnerships

Accelerating Global Expansion

• Strengthening organizational presence in North America and other regions

Through these initiatives, Morgenrot aims to further solidify its competitive advantage.

In line with its corporate mission—“to create a world where anyone can access the computing power they need, when they need it”—Morgenrot will continue to provide digital infrastructure that enables flexible use of GPU resources required for AI development and large-scale simulations. The company will also collaborate with a wide range of partners to create new services that address emerging challenges and needs.

Investor Comments

Japan Investment Adviser Co., Ltd.

Yusuke Fujii

General Manager, Renewable Energy Business Promotion Department, Business Development Division

We decided to invest in Morgenrot based on its strong technological capabilities in providing a platform that optimizes GPU utilization in data centers. JIA has developed over 100 MW of solar power plants to date and currently operates approximately 70 MW across 25 locations nationwide. Together with Morgenrot, we aim to actively incorporate renewable energy into data centers—where power demand is expected to continue rising—balancing environmental impact reduction with economic efficiency to build competitive data center environments.

MIRAIT ONE Corporation

Yukio Ichikawa

General Manager, Container Data Center Division, Future Business Promotion Department

We have decided to make an additional investment in this Series B first close. As both a shareholder and a strategic partner in the container data center business, we have worked closely with Morgenrot to develop the market. This fundraising will further strengthen our partnership and significantly accelerate our contributions to society by promoting effective use of renewable energy and the optimized allocation of rapidly growing GPU resources. Together with Morgenrot and its unique technological strengths, we will lead industry transformation and create new value through sustainable next-generation infrastructure.

Electric Power Development Co., Ltd. (J-POWER)

Yoshiaki Nakajima

General Manager, Innovation Promotion Department

J-POWER is committed to creating new businesses through investments and partnerships with startups. We were particularly drawn to Morgenrot’s technology for visualizing server power consumption on a per-job basis, as well as its product, MORGENROT Arthur. Through this investment, we will explore participation in data center businesses utilizing Morgenrot’s expertise and services, while also collaborating with our environmental value platform initiative to realize environmentally friendly green data centers together with Morgenrot.

Comment from the CEO

Masamichi Nakamura

President & CEO, Morgenrot Inc.

Through this Series B round, we have once again recognized the critical importance of financing in building next-generation computing infrastructure for the rapidly growing AI sector. We are deeply grateful to the companies that resonated with our vision and products and made significant investments in this first close. Together with our investment partners, we will continue to accelerate our business and deliver valuable solutions to our customers.

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.