Funding
Undisclosed · Robotics

MUSE secured ¥570m in mixed financing in June 2024

Equity and loans supported the retail robot developer’s commercial rollout of Armo.

By RoundOS Funding desk

MUSE announced the financing on June 11, 2024, drawing on 11 venture investors, companies and financial institutions. Backers included Incubate Fund, XTech Ventures and co-lead Spiral Capital. Japan Finance Corporation and Mizuho Bank provided debt financing.

The company planned to accelerate deployment of Armo, which supports product transport, shelf information and other store tasks. The announcement coincided with routine operations beginning at two Belc stores following trials.

Use of funds

Accelerate Armo commercial deployment

Funding history

Undisclosed · This round¥570M

Sources

  1. MUSE announces JPY570m mixedfinancingprtimes.jp · Jun 11, 2024

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