LOS ANGELES, Calif. and TOKYO, Japan, [Date] /PRNewswire/ — GITAI USA Inc. and GITAI Japan, Inc., a pioneering space robotics company, have successfully completed a Series B Extension funding round, raising a total of 4 billion yen (approximately US$30 million). The round saw participation from a consortium of investors, primarily consisting of existing backers.
Among the notable investors in the round were 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, and several others.
The raised funds will be utilized to accelerate and expand GITAI’s business and technology development efforts in the United States. The primary objectives of the funding allocation include enhancing the Technology Readiness Level (TRL) of GITAI’s Lunar Robotic Rover and Lunar Inchworm Type Robotic Arm, expanding the manufacturing facilities for engineering models and flight models in the US, and further expanding the company’s workforce in the country.
Under the leadership of Founder and CEO Sho Nakanose, GITAI is at the forefront of space robotics innovation, focusing on the development of robots designed to facilitate the construction and maintenance of satellites, space stations, lunar bases, and future cities on Mars. With the newly secured funding, GITAI aims to advance its cutting-edge technology and expand its operations in the United States, solidifying its position as a key player in the space robotics industry.
The investment received from the Series B Extension funding round will fuel GITAI’s growth and enable the company to make significant strides in space robotics, furthering its mission to revolutionize the way we explore and utilize space.