TriOrb adds ¥300M to Series B, pushing total raised to ¥4.53B
What's the deal? Japanese robotics startup TriOrb has raised an additional ¥300 million in a second close of its Series B round. The Japan Bank for International Cooperation (JBIC)Dealroom has a profile for this one. Try Dealroom → and Toyota TsushoDealroom has a profile for this one. Try Dealroom → took part via a third-party allotment, alongside a loan from Sumitomo Mitsui Banking CorporationDealroom has a profile for this one. Try Dealroom →.
What does the company do? Founded in February 2023 as a spinout from Kyushu Institute of Technology, TriOrb builds a ball-driven, 360° omnidirectional mobility platform called TriOrb BASE. It targets factory transport and automation, aiming to enable flexible, self-configuring production lines.
Why now? The raise follows a ¥2.88 billion first close of the same Series B, bringing total funding to ¥4.53 billion. The follow-on capital will support product mass production, US market expansion and hiring.
The signal: The mix of equity and debt, backed by a state financing arm and a Toyota group trading house, gives TriOrb strategic and financial support as it works towards wider manufacturing deployment.
Read more: PR TIMES
Image credit: TriOrb
