Tech News Summary:
- Space robotics start-up company GITAI has raised $30 million in a Series B Extension funding round to enhance its Lunar Robotic Rover and Lunar Inchworm Type Robotic Arm technologies and expand engineering/flight model manufacturing facilities in the US.
- Companies and funds participating in this funding round included Global Brain CVC Funds, EP-GB LP, and JGC MIRAI Innovation Fund LP.
- GITAI aims to significantly reduce labor costs and build essential lunar infrastructure such as solar panels, communication antennas, fuel generators, and housing modules for future missions.
GITAI, a Japanese robotics technology start-up, has successfully secured a $30 million funding round for their cutting-edge technology that revolutionizes space exploration. The funding round was led by SPARX Innovation for the Future Co., Ltd., and other investors include existing shareholders such as Sony Innovation Fund by IGV, DBJ Capital, and several others.
GITAI’s robotics technology aims to reduce the cost and risk of human space exploration by creating autonomous robots that can perform complex tasks in place of humans. The company seeks to develop robots that can work in harsh environments without the need for costly safety measures, making space exploration more efficient and accessible.
The funding secured by GITAI will be used to advance development and commercialization of their robotics technology, including integrating it into NASA’s planned Gateway lunar outpost in 2024. GITAI has already demonstrated the capabilities of their robots in various scenarios, such as satellite servicing, extra-vehicular activities, and lunar resource utilization.
“Our aim is to revolutionize space operations through our unique robotics technology and to bring significant advancements in space exploration and utilization” said Sho Nakanose, Founder and CEO of GITAI. “We are grateful for the support of our investors, and we look forward to working with them to drive progress and innovation in space.”
The funding secured by GITAI is an important milestone in the development of their robotics technology. It will allow the company to continue pushing the boundaries of space exploration while striving to reduce the cost and risk involved in manned mission. This significant step forward will help GITAI to achieve its ultimate goal of making space exploration more efficient and affordable, increasing its accessibility to all.