Raizing was founded in 1993, being one of the companies which emerged from Toaplan upon its bankruptcy (alongside Cave, Takumi and Gazelle), being formed by former staff of both Toaplan and Compile. The company was well known for its many shoot 'em up titles, with some of its staff including famous shmup designer Shinobu Yagawa, as well as the Basiscape music composer team formed by Manabu Namiki, Hitoshi Sakimoto and Masaharu Iwata.

Raizing worked closely together with Eighting, working on the games' production and development while Eighting worked on sales and distribution. Raizing was eventually merged into Eighting in 2000.