Just three months after emerging from stealth mode, XDOF is reportedly in talks for a Series B funding round. According to sources, the company's valuation is expected to reach $1.2 billion (approximately 170 billion yen) in this financing round.
XDOF is an emerging startup that has officially launched full-scale operations following a lengthy stealth period. While the company has not yet widely disclosed a detailed product portfolio or specific business domain, the rumor of a massive fundraising round so soon after leaving stealth highlights the exceptionally high expectations it commands from the market.
Moving to Series B talks immediately after exiting stealth, combined with a unicorn-level valuation, is symbolic of the intense capital influx currently seen in the tech market. Future official announcements regarding the company's technological advantages and the specific challenges it aims to solve are eagerly anticipated.
At present, the list of specific participating investors has not been disclosed.