Blue Planet-works Funding, Investors & Competitors

Blue Planet-works has raised $134M across 4 funding rounds, most recently a $3M strategic investment round in September 2020.

Last Blue Planet-works funding round

$3M

Strategic investment · Sep 2020

Cumulative funding Blue Planet-works raised

$134M

across 4 funding rounds

Key investors in Blue Planet-works

Blue Planet-works Overview

About Blue Planet-works

Blue Planet-works is a Japanese cybersecurity company, formerly known as KeepTree, established in 2017. It provides endpoint protection software built on its AppGuard technology platform, acquired from Blue Ridge Networks, under a stated mission of safety for the connected world. The company has applied its technology to areas including IoT and mobility platforms, working with partners in sectors such as automotive.


Founded

2017

HQ

JapanTokyo

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Blue Planet-works Funding History

Blue Planet-works has raised a total of $134M across 4 funding rounds.

Blue Planet-works' first fundraising round was a $99M undisclosed-stage round in July 2018. The most recent completed round was a $3M strategic investment round in September 2020.

Blue Planet-works funding rounds

Blue Planet-works funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2020Strategic investmentFuji Xerox (lead)$3MBlue Planet-works develops technology solutions, having raised a total of $116.64M across 6 funding rounds from 17 investors. On September 25, 2020, the company completed a corporate minority round with Fujifilm Business Innovation (Fuji Xerox). This followed a Series C round on September 2, 2019, led by MORI TRUST.
Sep 2019Series CSmartvalue Co; Taiyo Oil; Uchida Yoko; DRS; Mori Trust$21MBlue Planet-works, Inc., formerly known as KeepTree and established in April 2017, provides cybersecurity software acquired from Blue Ridge Networks, Inc.. The company has raised a total of $116.64M across 6 funding rounds from 17 investors. A funding round on 9/2/2019 matches the approximate date and includes investor DRS Company among others like Taiyo Oil Company, MORI TRUST, Fujifilm Business Innovation, and Japan Hospital Mutual Aid Association.
Jan 2019Series ASmartvalue Co (lead)$11MBlue Planet-works is a Japanese cybersecurity company providing products and services based on its AppGuard technology platform, with the vision "Safety for the Connected World." The company completed its third round of capital increase by August 2019, which included an investment from JJP Investment Limited Partnership in January 2019. As part of the broader round, the company raised funds from multiple investors including DRS Company Limited, Taiyo Oil Company, UCHIDA YOKO CO., LTD., and MORI TRUST CO., LTD. between July and August 2019. The company planned to use these funds to accelerate engineer recruitment and expand business operations, with a particular focus on introducing cybersecurity solutions to platforms like the Kurumatsunagu Platform, an IoT platform for mobility.
Jul 2018Undisclosed stageDaiko Xtech; JTB Corp.; International Services Information Dentsu; Yoshimoto Investment; PCG Holdings; Faith; Daiichi Life Group; ANA Holdings; Sompo Japan Nipponkoa Insurance; Dentsu$99M-

Who has invested in Blue Planet-works?

16 investors have backed Blue Planet-works across its funding rounds, including Smartvalue Co, Daiichi Life Group, Dentsu, JTB Corp., Mori Trust and ANA Holdings.

Lead investors include Fuji Xerox and Smartvalue Co.


Blue Planet-works Investors

Investors in Blue Planet-works by funding rounds participated
InvestorHQRoundsRoleFirst check
Smartvalue CoJapanJapan2LeadJan 2019
Daiko XtechJapanTokyo1ParticipantJul 2018
JTB Corp.JapanTokyo1ParticipantJul 2018
International Services Information DentsuJapanTokyo1ParticipantJul 2018
Yoshimoto InvestmentJapanTokyo1ParticipantJul 2018
PCG HoldingsUnited StatesNew York City, NY1ParticipantJul 2018
FaithJapanKyoto1ParticipantJul 2018
Daiichi Life GroupJapanTokyo1ParticipantJul 2018
Taiyo OilJapanTokyo1ParticipantSep 2019
Uchida YokoJapanJapan1ParticipantSep 2019
Fuji XeroxJapanTokyo1LeadSep 2020
ANA HoldingsJapanTokyo1ParticipantJul 2018
Sompo Japan Nipponkoa InsuranceJapanTokyo1ParticipantJul 2018

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Investments by Blue Planet-works

Blue Planet-works has invested in 1 company to date.

Latest investment by Blue Planet-works was on July 31st 2017. Blue Planet-works invested in AppGuard in their $50M Series A round.


Latest Investments by Blue Planet-works

AppGuard
Description
AppGuard is a cybersecurity solution protecting Windows systems from advanced threats like fileless malware, ransomware, and in-memory attacks. Compatible with Windows XP through 10 and Server 2008 R2 onward, it blocks exploits at initial stages using application whitelisting and behavior controls. AppGuard generates Indicators of Attack alerts without performance impact.
HQ CountryUnited States
HQ City
New York City, NY
Deal Date31 Jul 2017
RoundSeries A
Raised$50M
InvestorsANA Holdings
Valuationundisclosed
EV/Revenue
EV/EBITDA

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Blue Planet-works Competitors

Blue Planet-works competitors include listed companies like Palo Alto Networks, CrowdStrike, IBM and Fortinet, and private ones like Safe Superintelligence and Cyera.

Public and private companies comparable to Blue Planet-works
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Palo Alto NetworksUnited StatesUnited StatesPublicly listed$11B$1B$307B25.9x
CrowdStrikeUnited StatesUnited StatesPublicly listed$4.8B($12M)$252B44.5x
IBMUnited StatesUnited StatesPublicly listed$68B$17B$224B4.0x
FortinetUnited StatesUnited StatesPublicly listed$6.8B$2.3B$127B15.9x
Safe SuperintelligenceUnited StatesSan Francisco, CAPrivate--$32B-
CyeraUnited StatesNew York City, NYPrivate$150M-$12B80.0x

Blue Planet-works Public Comps

Blue Planet-works is still privately-owned, but its public comps include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Cloudflare, Okta, Zscaler, F5, Rubrik and Gen Digital.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Palo Alto Networks$11B$1B26.7x25.9x301.1x76.9x
CrowdStrike$4.8B($12M)51.4x44.5x(19816.2x)151.0x
IBM$68B$17B4.2x4.0x16.9x14.6x
Fortinet$6.8B$2.3B18.1x15.9x53.7x41.9x
Cloudflare$2.2B($25M)54.6x44.3x(4653.4x)185.1x
Okta$2.9B$245M10.6x10.0x126.4x36.4x
Zscaler$3.4B$42M9.1x8.9x721.8x32.5x
F5$3.1B$901M7.5x6.9x25.8x18.3x

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Common questions about Blue Planet-works

When was Blue Planet-works founded?Blue Planet-works was founded in 2017.
Where is Blue Planet-works headquartered?Blue Planet-works is headquartered in Tokyo, Japan.
Is Blue Planet-works publicly listed?No, Blue Planet-works is a private, VC-backed company.
How much funding has Blue Planet-works raised?Blue Planet-works has raised $134M across 4 funding rounds.
What was Blue Planet-works' last funding round?Blue Planet-works' last funding round was a $3M strategic investment round in September 2020, led by Fuji Xerox.
Who are Blue Planet-works' investors?Blue Planet-works' investors include Smartvalue Co, Daiko Xtech, JTB Corp., International Services Information Dentsu, Yoshimoto Investment, PCG Holdings, Faith, Daiichi Life Group, Taiyo Oil, Uchida Yoko and 6 others.
Which companies are comparable to Blue Planet-works?Companies comparable to Blue Planet-works include Palo Alto Networks, CrowdStrike, IBM, Fortinet, Safe Superintelligence and Cyera.
How many companies has Blue Planet-works invested in?Blue Planet-works has invested in 1 company, including AppGuard.
What was Blue Planet-works' last investment?In July 2017, Blue Planet-works invested in AppGuard's $50M Series A alongside ANA Holdings.

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