# GITAI

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/gitai

- Industry: Aerospace
- Headquarters: Torrance, US
- Website: www.gitai.tech
- Total disclosed funding: $81M
- Latest round: Series B (Nov 13, 2024)
- Investors on record: 20

## About

GITAI is a US-based company specializing in robotics technology tailored for space applications, focusing on developing advanced methods to enhance space operations through innovative robotic solutions.Founded in 2016 and headquartered in Torrance, US, GITAI focuses on robotics designed for space missions. The company, under the leadership of CEO and founder Sho Nakanose, has completed 12 deals to date. Their most recent funding round occurred in November 2024, where they raised USD 15.50 mn in a SERIES B round led by Maezawa Fund, with participation from several other investors. The total amount raised by the company stands at USD 15.50 mn.GITAI specializes in advanced robotics technology designed for space applications, focusing on the development of core products like the Inchworm Robot and the Lunar Rover R1.5. The Inchworm Robot is engineered for tasks in micro-gravity environments, crucial for operations aboard space stations and satellites. The Lunar Rover R1.5 aims to revolutionize lunar exploration and infrastructure development, targeting the growing market for lunar resource utilization. GITAI addresses labor challenges in space, providing robotic solutions that enhance safety and efficiency for governmental and commercial missions, primarily serving customers in the United States and China.GITAI's revenue generation is structured through business-to-business transactions, involving partnerships and service contracts with space agencies and commercial enterprises. Their revenue includes service agreements for IVR (In-Vehicle Robotics) and EVR (External Vehicle Robotics) capabilities focused on the International Space Station, as well as ISAM (In-space Servicing, Assembly, and Manufacturing) service contracts. Revenue is derived from project-based contracts with payment terms linked to the successful delivery of robotic solutions, including royalties or fixed fees related to flagship products like the Inchworm Robot and Lunar Rover R1.5. GITAI's innovative strategies enable scalable partnerships within the expanding space exploration market.Looking ahead, GITAI plans to utilize their recent funding to advance the development of space robots that significantly reduce operational costs. They are focused on launching new products and enhancing their existing offerings. GITAI aims to expand its presence in new markets, particularly targeting increased engagement in lunar exploration initiatives and strengthening partnerships in regions such as the United States and China. The investment from Mitsubishi UFJ Capital, secured in November 2024, will play a crucial role in supporting these growth initiatives.

## Funding rounds

- Series B, Nov 13, 2024, $16M — Mitsui Sumitomo Insurance Venture Capital, Mitsubishi UFJ Capital, Tycoons Venture Capital, Kyoto Capital Partners, Maezawa Fund, Green Co-Invest Investment Limited
- Series B, Aug 29, 2023, $15M — Mitsui Sumitomo Insurance Venture Capital, Pacific Bays Capital, Green Co-Invest Investment Limited
- Series B, May 24, 2023, $28M — Dai-ichi Life Insurance, Daiwa Corporate Investment, Electric Power Development, Mitsubishi UFJ Capital, Global Brain, ANRI, JIC Venture Growth Investments, NVenture Capital, Annex Investments
- Series B, Mar 1, 2021, $17M — Dai-ichi Life Insurance, Daiwa Corporate Investment, Global Brain, SPARX Group
- Series A, Jun 30, 2019, $4.1M — Electric Power Development, DBJ Capital, Spiral Capital, Coral Capital
- Seed, Dec 20, 2017, $1.3M — ANRI, Coral Capital
- Angel, Sep 1, 2016, $0.1M — Skyland Ventures

## Investors

- Skyland Ventures (https://capitalatlas.ai/funds/skyland-ventures) — Angel
- ANRI (https://capitalatlas.ai/funds/anri) — Seed, Series B
- Coral Capital — Seed, Series A
- Electric Power Development — Series A, Series B
- DBJ Capital (https://capitalatlas.ai/funds/dbj-capital) — Series A
- Spiral Capital (https://capitalatlas.ai/funds/spiral-capital) — Series A
- Dai-ichi Life Insurance — Series B
- Daiwa Corporate Investment (https://capitalatlas.ai/funds/daiwa-corporate-investment) — Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B
- SPARX Group (https://capitalatlas.ai/funds/sparx-group) — Series B
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series B
- JIC Venture Growth Investments (https://capitalatlas.ai/funds/jic-venture-growth-investments) — Series B
- NVenture Capital (https://capitalatlas.ai/funds/nventure-capital) — Series B
- Annex Investments — Series B
- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series B
- Pacific Bays Capital (https://capitalatlas.ai/funds/pacific-bays-capital) — Series B
- Green Co-Invest Investment Limited — Series B
- Tycoons Venture Capital — Series B
- Kyoto Capital Partners (https://capitalatlas.ai/funds/kyoto-capital-partners) — Series B
- Maezawa Fund (https://capitalatlas.ai/funds/maezawa-fund) — Series B