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SoftBank-backed start-up Uhuru considers October AIM listing

Uhuru is a software firm that helps connect devices to cloud networks and counts companies such as Honda, Yamaha and Mitsubishi among its customers

Salesforce.com  - SoftBank-backed start-up Uhuru considers October AIM listing
SoftBank provided Uhuru with around £3.9mln in funding last year

A Japanese technology firm backed by the SoftBank conglomerate is considering a listing on AIM in October.

Uhuru, a software firm that helps connect devices to cloud networks and counts companies such as Honda, Yamaha and Mitsubishi among its customers, opened an office in London last year, however, it currently has only three staff members in the capital.

While there were risks in the UK due to Brexit, Uhuru thinks the British market will make it easier to recruit talent and tap investors as opposed to its home market of Japan, which chief executive Takashi Sonoda said lacked risk capital and analysts looking at smaller companies.

The presence in London will also place Uhuru near to British computer chip designer Arm, another SoftBank-owned firm, located in Cambridge.

SoftBank injected around £3.9mln into Uhuru last year, with the firm having also received backing from US software group Salesforce.com Inc (NYSE:CRM).

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