Space Quarters raises about ¥910m for space-construction robots
The Pre-Series A financing will advance its DAIQ system toward orbital demonstrations and commercialization.
Space Quarters raised approximately ¥910 million through a new-share issue announced on November 13. Global Brain Flagship Fund IX led the Pre-Series A round, which brings the company’s disclosed funding since its angel round to about ¥1.82 billion.
The syndicate includes TOKYU-CNST GB Innovation Fund, KII No.3 Impact Fund, Frontier Innovations Fund I and other investors. Space Quarters will accelerate development of DAIQ, its cooperating robotic construction system, and work toward orbital demonstrations and commercialization. Its approach assembles building materials in space using electron-beam welding.
Use of funds
Develop DAIQ space-construction robots
Prepare orbital demonstrations and commercialization