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Pixie Dust Technologies

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Commercializing proprietary wave control technology for accessibility

Tokyo, JapanFounded 2017Health Tech & Medtech
Valuation $8.1M Market cap · 2024
Revenue $7.6M Latest reported FY
Total funding $50–100M Disclosed equity funding

About Pixie Dust Technologies

Pixie Dust Technologies (PxDT) is a technology company spun out of the University of Tsukuba that focuses on commercializing products using proprietary wave control technology. The company was founded in May 2017 by Yoichi Ochiai, Taiichiro Murakami, and Takayuki Hoshino. Ochiai, who serves as CEO, is a media artist and researcher with a Ph.D. from the University of Tokyo and is an associate professor at the University of Tsukuba, where he leads the Digital Nature Development Research Center. His work centers around the concept of "Digital Nature," a vision for a future where the digital and physical worlds are seamlessly fused.

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PxDT operates in two main business areas: "Personal Care & Diversity" and "Workspace & Digital Transformation". The company's business model involves combining its technology portfolio with partners' use cases to develop and commercialize products, often through open innovation with other companies and universities. The firm has established deep industry-academia collaborations, particularly with the University of Tsukuba and Tohoku University.

In the Personal Care & Diversity sector, PxDT develops products aimed at improving quality of life and assisting with vision, hearing, and touch. Key products include: * **VUEVO**: A service for people with hearing impairments that uses a unique 360-degree wireless microphone to capture audio and an application to display transcribed text in real-time, indicating who is speaking. The system also has a translation function for over 100 languages. Variations include the VUEVO Display, which shows subtitles on a transparent screen for face-to-face communication, and a smart glasses concept. * **SonoRepro**: A scalp care device that uses ultrasonic non-contact vibrotactile stimulation. * **kikippa**: A desktop speaker developed with Shionogi Healthcare that emits "gamma wave sound," which has been studied for its potential to positively affect cognitive function.

In the Workspace & Digital Transformation segment, PxDT applies metamaterials and spatial analysis to solve problems in environments like offices and construction sites. Products include: * **iwasemi**: A sound-absorbing material based on acoustic metamaterial technology. * **KOTOWARI**: A technology that provides spatial analysis data.

Pixie Dust Technologies became a public company, listing on the Nasdaq in August 2023 (Nasdaq: PXDT) to enhance its brand credit and support global expansion. The company has raised a total of $40.5M over several funding rounds, including a Series C in October 2022 and a new equity financing in January 2025.

Source: Dealroom company data

At a glance

Founded
2017
Headquarters
Tokyo, Japan
Listing
IPO 2023
Sector
Health Tech & Medtech

Investors

19 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A11 investors entered at this stage

  • Incubate Fund
  • Toppan
  • SMBC Venture Capital
  • K4 Ventures
  • Dentsu
  • Dai-ichi Life Insurance
  • Cradle Seed Ventures
  • INCJ
  • SBI Investment
  • Mizuho Capital
  • KDDI Open Innovation Fund

Series B and later8 investors entered at this stage

  • Shoko Chukin Bank
  • NEC Capital Solutions
  • Tohoku University Venture Partners
  • Shionogi
  • Axiom Asia Private Capital
  • Victory Pharma
  • Suzuyo
  • NTT DOCOMO Ventures
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 3 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇯🇵 Japan88.6%
1 country shown

Market sentiment

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