Tokyo, Nov. 10 (Jiji Press)–Tokyo-based startup Sakana AI K.K. has begun preparations for an initial public offering in autumn 2027, it has been learned. The generative artificial intelligence developer is considering a possibility of going public on Japanese and U.S. stock exchanges, informed sources said. This will likely be one of the largest IPOs for a startup in Japan. Sakana AI developed into a so-called unicorn company, or a privately held firm valued at more than 1 billion dollars, only a year after it was founded in 2023 by a researcher from U.S. technology giant Google and others. The company’s AI technology is among candidates for a domestic AI model that the Japanese government plans to introduce into the Self-Defense Forces’ systems. Sakana AI has picked Goldman Sachs as an adviser for the IPO. It also seems to be in talks with a Japanese securities company. END [Copyright The Jiji Press, Ltd.]
