News
TriOrb Secures $1.7M in Pre-Series B Funding, Bringing Total to $4.6M
On September 30, 2024, TriOrb successfully raised $1.3M in a Pre-Series B funding round through a third-party allocation of shares. The funding will be used to accelerate the deployment of our technology in real-world applications, strengthen our R&D capabilities, and further enhance our business growth.
New Investors:
・Toyoda Gosei Co., Ltd.
・AIST Solutions Co.
・Mitsubishi UFJ Capital Co., Ltd.
・Japan Science and Technology Agency (JST)
We sincerely thank all the new investors for their participation in this round. With the support of Toyoda Gosei, we are confident that our technology can further clarify its role in addressing the unavoidable challenges of labor shortages in manufacturing. Additionally, with AIST Solutions and the strong collaboration with the National Institute of Advanced Industrial Science and Technology (AIST), we expect to gain further momentum in marketing. Mitsubishi UFJ Capital has supported us since our early growth stages, and we look forward to deepening our partnership as we continue to expand. JST has long been a supporter of our efforts to bring technology developed at Kyushu Institute of Technology and AIST to society, and we are grateful for their continued backing.
Existing Investors:
・The University of Tokyo Edge Capital Partners Co., Ltd. (UTEC)
・MIRAISOZO INVESTMENTS Inc.
・DRONE FUND Inc.
We would also like to express our deepest gratitude to our existing investors for their ongoing support in this round. With their continued backing, TriOrb has steadily grown. We are committed to further growth under strong partnerships, aiming for greater success.
With this funding, we will accelerate the following initiatives:
Faster Deployment in Real-World Applications: We will expedite the adoption of our technology in manufacturing environments, contributing to automation and efficiency improvements.
Strengthening R&D: We will enhance the performance of our flagship product, TriOrb BASE, and accelerate the development of new technologies such as collaborative transport systems.
Business Expansion: We will strengthen our partnerships with domestic and international manufacturing industries, paving the way for new markets.
Enhancing Partnerships: We will deepen collaborations with our existing partners to accelerate the provision of solutions that drive manufacturing automation and digital transformation (DX).
Comments from Investors:
Mikiko Muramatsu, CVC Capitalist, New Value Creation Division, Toyoda Gosei Co., Ltd.:
“When I first met CEO Ishida, his passion for contributing to manufacturing and his commitment to developing products with the end-user in mind was evident. That determination has never wavered. It’s exciting to see the potential for TriOrb’s technology to bring transformative changes to the manufacturing floor. Labor shortages due to a declining population are an unavoidable issue, and we believe TriOrb’s technology will help address this challenge. By combining our strengths, we aim to jointly advance the automation and efficiency of manufacturing processes.”
Seiji Osaka, President & CEO, AIST Solutions Co.:
“We see a strong synergy between TriOrb’s vision of achieving a flexible production system through human-robot collaboration and AIST’s mission to solve societal challenges while strengthening industrial competitiveness. Together with other investors, we will fully mobilize AIST’s technological capabilities and our marketing strength to support TriOrb.”
Naoki Watanabe, Head of Osaka Investment Division, Mitsubishi UFJ Capital Osaka Branch:
“We first encountered TriOrb in June 2023, shortly after its founding. The company’s ball-driven omnidirectional mobility system was impressive from the start. Since then, TriOrb has grown rapidly, showing excellent communication with customers and further improving its technology. As we evaluated our investment, it became clear that TriOrb BASE is essential for solving many real-world challenges. We are pleased to have invested and look forward to supporting TriOrb’s growth by leveraging the strength of the MUFG Group.”
Takaaki Nomoto, Head, JST Startup Support Division:
“TriOrb’s ball-driven omnidirectional mobility system is the result of research and development from Kyushu Institute of Technology and AIST, further advanced through JST’s START and SCORE programs. Its simple, compact design allows for full 360-degree mobility. As labor shortages become a critical issue in industries like manufacturing and construction, TriOrb’s technology is poised to become a key infrastructure. We are committed to supporting TriOrb’s continued growth.”
Noriaki Sakamoto, Partner/Managing Director, COO and Board Director, UTEC:
“We are thrilled to participate in the Pre-Series B round, continuing our support from the Series A round. This time, new investors with great synergies in both business and R&D have joined, forming a powerful collaboration between industry, academia, and government. TriOrb, with its omnidirectional mobility system, TriOrb BASE, and newly released collaborative transport system, is directly addressing the flexible production and labor-saving needs in the manufacturing industry. We believe TriOrb will be at the forefront of global efforts to drive automation and labor efficiency.”
Ryohei Takahashi, Executive Officer/Partner, MIRAI SOZO INVESTMENTS:
“This funding round brings together professionals from the realms of business, R&D, and finance, and we are proud to continue our investment for the third time since the seed round. TriOrb has consistently exceeded our expectations with its rapid growth, and we are excited to see where they will go next. We believe TriOrb is on its way to becoming a global leader, beyond just Japan.”
Soki Ohmae, Co-Founder and Managing Partner, DRONE FUND:
“At DRONE FUND, we are committed to promoting the implementation of autonomous robots in land, sea, and air to realize a ‘drone and air mobility society.’ We have made additional investments following our participation in the Series A round. TriOrb continues to deepen the potential of TriOrb BASE, and with the release of the collaborative transport system in September, it is making significant strides toward automating production lines and adapting to challenges like labor shortages and digital transformation (DX).”
CEO Shuichi Ishida, TriOrb:
“The funding raised in this round allows us to further accelerate both our technology development and business expansion. With our new strategic partners, we are moving closer to realizing the full potential of our omnidirectional mobility technology, TriOrb BASE, bringing innovative solutions to the manufacturing industry. We remain committed to addressing the challenges of flexible production, labor shortages, and DX by advancing research and development. Together with our partners, we will drive the technological innovations that will shape the future of manufacturing.”
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