• SmartHR, a Japanese HR tech startup, has raised $140 million in a Series E funding round, showcasing the strong demand for HR technology solutions. The company's annual recurring revenue (ARR) has now reached $100 million, a testament to its growing traction in the market.

• The funding round was led by SoftBank Vision Fund 2, with participation from existing investors, including Salesforce Ventures and Mitsui & Co. This latest investment will enable SmartHR to further expand its product offerings, enhance its technology, and strengthen its market presence in Japan and potentially other regions.

• SmartHR's platform provides a comprehensive suite of HR management tools, including payroll, attendance, and employee benefits administration. The company's focus on digitizing and streamlining HR processes has resonated with businesses in Japan, where the adoption of HR tech solutions has been on the rise, driven by the need for more efficient and data-driven HR practices.