We received investment from Innovation Network Corporation of Japan (INCJ) and other parties

Oscar Technology Corporation conducted a capital increase limited to 600 million yen by placement of shares to third parties and raised funds amounting to 544.5 million yen after receiving offers from the new investors Innovation Network Corporation of Japan (head office: Chiyoda-ku, Tokyo, President and COO: Mikihide Katsumata) and Industrial Growth Platform, Inc. (Representative Director and Managing Partner Takashi Muraoka), and from the existing shareholders WERU INVESTMENT Co., Ltd., Denso Corporation, and furthermore the President of the company, Takahiko Ono.

Consequently, the capital stock of Oscar Technology Corporation has become 722.25 million yen, the capital reserve has become 522.25 million yen, and the number of issued shares has become 12,630 shares.

Oscar Technology Corporation will use the raised capital as development funds for functionality extensions and other activities concerning the OSCARTech® Compiler that is its main product. The company targets the product launch for within this year.