Undisclosed · Robotics
MUSE raises ¥1.75bn to scale retail robot Armo
ALPHA leads the financing as the Japanese robotics company expands production and U.S. operations.
The financing draws on 15 companies, venture investors and financial institutions. Named backers include Incubate Fund, XTech Ventures, Spiral Capital, Toshiba Tec, Canal Ventures, YMFG Capital, Rakuten Capital, Gogin Capital and New Commerce Ventures.
MUSE will build out mass production and maintenance capacity, expand U.S. deployments and improve its robots’ AI and store-data software. The company did not disclose the financing’s instrument split.
Use of funds
Mass-produce Armo
Expand United States operations
Develop AI and Eureka Platform
Funding history
Undisclosed · This round¥1.8B
Undisclosed¥570M