Drone provider Autonomous Control Systems Laboratory plans to float on December 21, having raised at least $25m in VC funding from investors including Rakuten.
Autonomous Control Systems Laboratory (ACSL), a Japan-based drone manufacturer backed by e-commerce firm Rakuten, has successfully applied to list on the Tokyo Stock Exchange Mothers Market, The Bridge has reported.
Founded in 2013, ACSL is developing drones for enterprise and government clients. The underlying flight control technology is based on research by Kenzo Nonami, who was a professor at Chiba University before founding the spinout.
The company has so far raised about $25m in equity funding, securing $6.3m in…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
