Sensyn Robotics, a Japan-based developer of unmanned aerial vehicle technology, raised ¥2.2bn ($20.4m) from investors including corporates Comture, Eneos, Globis, Itochu, Kashiwabara and Taiho yesterday.
Petroleum group Eneos, education services provider Globis and trading group Itochu took part through subsidiaries Eneos Innovation Partners, Globis Capital Partners and Itochu Technology Ventures, while IT services firm Comture, building remodelling services provider Kashiwabara and engineering firm Taiho invested directly.
The equity portion was filled out by investment and financial services group Fidelity’s Eight Roads Ventures Japan unit, Drone Fund and Future Venture Capital, while Mitsui UFJ Bank, Mizuho Bank, Resona Bank, Japan Finance Corporation and Sumitomo Mitsui Trust Bank supplied debt financing.
Formerly known as V-Cube Robotics, Sensyn is working on aerial drone-related technologies that will help businesses automate functions like building inspections and support countermeasures for natural disasters.
The company said it has raised ¥3.6bn of funding since it was founded in 2015, which would place the size of then undisclosed investment by Globis Capital Partners the year after at about $2.2m. The unit returned for a $10.8m round in mid-2018 alongside Itochu Technology Ventures, Eight Roads Ventures Japan and Drone Fund.
