Venture Capital: Space Robotics Startup GITAI Loads Up On $15M Funding

August 30, 2023 | News, Venture Capital

GITAI aims to deliver secure and cost-effective robotic labor solutions in space, slashing operational expenses by a factor of 100.

Space robotics startup GITAI, comprised of GITAI USA Inc. and GITAI Japan Inc., has successfully raised an additional $15 million in funding for its Series B Extension round. This funding is in addition to the $30 million announced earlier this year, bringing the total for the Series B Extension round to $45 million.

The newly acquired funds will serve the purpose of expanding GITAI’s business in the U.S. and supporting a partial lunar surface demonstration, particularly involving the “GITAI Lunar Rover.”

The financing came from various entities, including Green Co-Invest Investment Limited Partnership, Pacific Bays Fund 1 & 1A Investment Limited Partnerships, and MSIVC 2021V Venture Capital Investment Limited Partnership, along with a loan from MUFG Bank, Ltd. (NYSE: MUFG)

GITAI’s goal is to transform space activities by creating exceptionally skilled, secure, and dependable robots designed for a range of tasks, including constructing and upkeeping satellites, space stations, lunar bases, and even urban settlements on Mars.

Related Story:  Axiom Space Raises $350M For Its Commercial Space Station

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