Press release : July 30, 2018
Cloud robotics platform company Rapyuta Robotics raises USD 9.5 million
July 30th, 2018
Rapyuta Robotics Co Ltd.
CEO Gajamohan Mohanarajah
Rapyuta Robotics (Chuo, Tokyo. CEO: Gajamohan Mohanarajah) announces it has raised USD 9.5 million through new third-party allocation of shares for the following investment institutions:
Japan Co-Invest Limited Partnership (unlimited liability partner: Mitsui Trust Investment Co., Ltd)
Sony Innovation Fund, a corporate venture capital by Sony Corporation (Minato, Tokyo. CEO: Kenichiro Yoshida)
Funds or existing shareholders of JMTC Capital (Chuo, Tokyo. Representative:Japan Material Technologies Corporation. Management executor: Koyu Urata )
<Purpose of this fundraising>
Towards its mission of “Empowering Lives with Connected Machines”, Rapyuta Robotics integrates robots, sensors, and data centers into a central management platform that transforms autonomous technologies into easy-to-use, everyday solutions for enterprise.
The money raised will be used to:
- Leverage feedback from the Early Developer program and first customers to further develop Rapyuta Robotics’ cloud robotics platform.
<About Rapyuta Robotics>
Rapyuta Robotics Co., Ltd. is a global technology company that provides scalable, cloud-based automation solutions. Our cloud robotics platform enables large enterprises to centrally manage different kinds of robots and sensors, without having to control them individually. A university spin-off from the Swiss Federal Institute of Technology (ETH Zurich), we are using state-of-the-art controls research and AI technology to build Japan’s next generation cloud robotics platform.
<Contact about this release>
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