The robotics technology developer, a spinout of Ritsumeikan University, has received money from a consortium including INCJ and Mitsubishi UFJ Capital.
Innovation Network Corporation of Japan (INCJ), a public-private partnership including 19 corporations, has led a ¥1.1bn ($10m) funding round for Japan-based robot vision system producer 3D Media, according to Deal Street Asia.
Mitsubishi UFJ Capital, the investment arm of financial services firm Mitsubishi UFJ Financial Group, and asset management company Sparx Group have also participated.
INCJ has committed ¥800m, while Sparx has provided ¥250m and Mitsubishi UFJ Capital has supplied the remaining ¥50m.
Spun out of Ritsumeikan University in 2011, 3D Media is working on robot vision systems for industrial robots.
The money will help the company to further develop its technology and strengthen its sales efforts. 3D Media is also aiming to set up a new research and development facility in Tokyo this year and open an intelligent robot research institute next year.
– This article first appeared on our sister site Global Corporate Venturing.
