SBI Group
Assembly Line
PFN Raises Total of 19 Billion Yen in Latest Round
Preferred Networks, Inc. (PFN) announced that it has raised a total of 19 billion yen in the first close of the latest equity financing round led by SBI Group combined with debt financing from financial institutions. PFN intends to use the new capital for talent acquisition efforts as well as for development, production and sales of the low-power AI processors in its MN-Core™ series, especially MN-Core L1000, the generative AI inference processor currently under development. The new capital will also be used for enhancing its Japan-made generative AI foundation model PLaMo™, development of solutions and products in a range of domains powered by these technologies, and the large-scale computing infrastructure that supports them.