Softbank, Arm’s owner, is a customer of Treasure Data and a former Softbank subsidiary called SBI (it used to be called Softbank Investments) is an investor in Treasure Data.
Treasure Data was founded seven years ago and has raised $54 million in venture funding since then. Its last funding round was for $26 million raised in 2016.
Arm, which has turned loss-making since Softbank bought it, says the acquisition will help its efforts in IoT.
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