The underwater drone developer, a spinout of University of Tsukuba, raised the funding in a Beyond Next Ventures-led round that included several corporates.

Ambient Intelligence Technology, a Japan-based spinout of University of Tsukuba that is developing unmanned underwater vehicles, has secured ¥190m ($1.7m) in funding, The Bridge has reported.

Venture capital firm Beyond Next Ventures led the round, which included corporate venturing units Mitsui Sumitomo Insurance Venture Capital, SMBC Venture Capital and Freebit Investment.

Founded in 2014, Ambient Intelligence Technology is working on underwater drones that will be able to dive as far down as 300 metres, more than seven times the depth…