Industrial and commercial drone developer Autonomous Control Systems Laboratory raised $18.8m in a round led by Toyota-backed Mirai Creation.
Corporate-backed investment partnership Mirai Creation Investment led a ¥2.1bn ($18.8m) financing round for Japan-based unmanned aerial vehicle developer Autonomous Control Systems Laboratory (ACSL) on Tuesday.
Mirai, which was formed by carmaker Toyota, financial services firm Sumitomo Mitsui Banking Corporation and asset manager Sparx, was joined by Mizuho Capital, a subsidiary of bank Mizuho Financial Group, as well as iGlobe Partners, Chiba Drone Investment and University of Tokyo Edge Capital.
Founded in 2013 and based at Chiba University, ACSL is working…
