Kyocera, JR West, Mitsubishi Electric, Mitsubishi Hitachi Power Systems, Mitsui Sumitomo Insurance, Opt, Saibu Gas and Trust Tech contributed to a $21.1m round for the drone and blockchain technology developer.

Japan-based air mobility and blockchain technology developer ALI Technologies received ¥2.31bn ($21.1m) yesterday from investors including a string of corporate backers.

Engineering consulting firm Japan Asia Group, IT services provider Kyocera, thermal power producer Mitsubishi Hitachi Power Systems, engineer recruitment service Trust Tech and electronics manufacturer Mitsubishi Electric invested in the company directly, with Sapphire Capital and TechAccel.

Rail operator JR West, insurer Mitsui Sumitomo Insurance, digital marketing agency Opt and natural gas producer Saibu Gas took part through their…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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