Industrial and commercial drone developer Autonomous Control Systems Laboratory raised $18.8m in a round that featured University of Tokyo Edge Capital.
Autonomous Control Systems Laboratory (ACSL), a Japan-based unmanned aerial vehicle developer spun out of Chiba University, raised ¥2.1bn ($18.8m) in a funding round on Tuesday that included University of Tokyo Edge Capital.
University of Tokyo Edge Capital, the institution’s venture capital arm, invested alongside corporate-backed investment partnership Mirai Creation Investment, which led the round, Mizuho Capital, a subsidiary of bank Mizuho Financial Group, iGlobe Partners and Chiba Drone Investment.
Founded in 2013, ACSL is working on drones that will be…
