About the Space Robotics Business
Founded in 2016 by Sho Nakanose, Gitai is a Japanese space robotics startup company that uses AI and remote technology to replace the functions an astronaut would have in operations on space stations. The mission of the AI and remote technology business is to provide an inexpensive and safe means to working in space, with hopes to build space colonies on the moon and Mars by 2040.
The AI and remote technology business claims that with robots working in space, costs of space operations can be brought down 100 times. The robotics startup company currently offers three different robot products, G1, S1, and H1, with each robot using AI, remote, or a combination of both technologies, and are each designed with specific purposes.
Before the recent funding round, the AI and remote technology company had raised a total of $5.5 million, with investments from Spiral Ventures and Skyland Ventures. Gitai announced today that the startup company completed a new round of funding for $17.1 million, making it the largest funding round yet for the AI and remote technology business.
Gitai’s $17.1 Million in Funding
In this new funding round, the space robotics startup company received investments from a number of investors, including The Space Frontier Fund and DCI Venture Growth Fund. The new funding for the AI and remote technology space robotics business will go toward several areas, such as development and execution of an on-orbit demonstration mission to prove the robots’ concepts, hiring new talent for the company, and lastly, expanding the business presence in the US.
CEO and founder of the AI and remote space robotics business, Sho Nakanose, said, “We are proceeding well in the Japanese market, and we’ve already contracted missions from Japanese companies, but we haven't expanded to the US market yet. He added, “...We're especially interested in on-orbit servicing, and we would like to provide general-purpose robotic solutions for an orbital service provider in the US.”
Gitai gaining this financing makes it the latest company to continue spacecraft and equipment development. In early February, Elon Musk’s SpaceX received $330 million in financing from NASA for the Gateway Lunar Orbiter. Startup Savant covered the story when it broke. In addition to SpaceX, Startup Savant also wrote about Axiom Space raising $130 million to develop the world’s first commercial space station.
Space exploration and development does not seem to be stopping any time soon as companies like Gitai, Axiom, and SpaceX are all looking to innovate the industry.
About the Author
McKenzie Carpenter is a graduate of Central Michigan University with a B.A.A. in Integrative Public Relations and French. McKenzie has previously worked for small businesses and nonprofit organizations.