GITAI USA Inc. (Los Angeles), GITAI Japan, Inc. (Tokyo), a space robotics company, completed a Series B Extension round of funding totaling 4 billion yen (approximately US$30m).
Backers included GITAI raised funds through a third-party allotment from the following companies and funds, mainly from existing investors:
- Global Brain CVC Funds
- EP-GB L.P. (SEIKO EPSON CORPORATION / Epson X Investment Corporation / Global Brain Corporation)
- JGC MIRAI Innovation Fund L.P. (JGC JAPAN CORPORATION / JGC HOLDINGS CORPORATION / Global Brain Corporation)
- KURONEKO Innovation Fund L.P. (YAMATO HOLDINGS CO., LTD. / Global Brain Corporation)
- KDDI Open Innovation Fund III L.P. (KDDI CORPORATION / Global Brain Corporation)
- DCI Venture Growth Fund (Daiwa Corporate Investment Co., Ltd.)
- The Dai-ichi Life Insurance Company, Limited
- ANRI III Investment Limited Partnership
- ANRI I-II-III Annex Investment Limited Partnership
- NVC No.1 Limited Liability Partnership (NVenture Capital / NEC Capital Solutions Limited)
- JIC Venture Growth Fund 2 Investment Limited Partnership (JIC Venture Growth Investments Co., Ltd.)
- Electric Power Development Co.,Ltd.（J-POWER）
- Mitsubishi UFJ Capital Ⅸ, Limited Partnership (Mitsubishi UFJ Capital Co., Ltd.)
The company intends to use the funds to accelerate and expand their business and technology development in the US. The funds will be primarily used to achieve the following objectives:
- Enhancing the Technology Readiness Level (TRL) of GITAI’s Lunar Robotic Rover and Lunar Inchworm Type Robotic Arm.
- Expanding the Engineering Model/Flight Model Manufacturing Facilities in the US.
- Further expansion of employment in the US.
Led by Sho Nakanose, Founder & CEO, GITAI is a space robotics startup, developing robots to help build and maintain satellites, space stations, lunar bases, and cities on Mars.
FinSMEs
24/05/2023