# Liberaware Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/liberaware-co

- Industry: Aerospace
- Headquarters: Chiba-shi, Japan
- Website: www.liberaware.co.jp
- Total disclosed funding: $19M
- Latest round: Series D (Aug 7, 2023)
- Investors on record: 14

## About

Based in Japan, Liberaware Co., Ltd. develops compact drones for specialized inspection and measurement tasks in confined, dark, and hazardous indoor environments. Liberaware Co., Ltd. is a drone technology company founded in 2016 and headquartered in Chiba-shi, Japan. It focuses on providing advanced drone solutions for inspection and measurement. In December 2025, Kyushu Electric Power acquired a 0.19% minority stake in Liberaware Co., Ltd. for JPY 49.98 million, or JPY 1,396 per share, in a PIPE deal. Hongkyu Min serves as the CEO. Liberaware specializes in the development of compact drones specifically designed for inspection and measurement tasks in confined, dark, and hazardous indoor environments. Their flagship product, the IBIS2, is recognized as one of the smallest drones in the world tailored for such applications, significantly enhancing the convenience and versatility of indoor inspections compared to traditional devices. The company offers a range of services including inspection and deployment for challenging environments such as boilers, attics, pipes, chimneys, and ducts. Additionally, Liberaware provides automated patrol services that replace routine manual monitoring tasks with drone-based solutions to improve efficiency and security. Their clientele includes various sectors such as construction, consulting, and infrastructure maintenance, with notable clients like Tokyu Construction and Mitsui E&S. The geographical markets for these products extend beyond Japan, targeting international clients looking for advanced drone technology for inspection and maintenance solutions.Liberaware generates revenue primarily through B2B transactions, offering contract-based services for drone inspections, automated patrol systems, and custom development projects. The revenue model is structured around partnerships with corporations that require specialized drone applications for infrastructure inspections and maintenance tasks. Clients engage in agreements for the use of Liberaware’s drones and associated software, often packaged as a comprehensive service that includes both hardware deployment and ongoing support. Specific pricing plans are tailored to client needs, reflecting the complexity and scale of the inspection projects. The company emphasizes its commitment to providing a one-stop solution from research and development to commercialization, reinforcing its value proposition to clients seeking efficient, reliable, and high-quality drone services for their operational requirements. The December 2025 acquisition will allow the company to develop advanced inspection and maintenance solutions, while creating specialized hardware and software to improve power infrastructure safety and efficiency. The company is focused on developing new products aimed at improving its offerings in the inspection space and plans to expand its market presence beyond Japan into other regions, specifically targeting the power and infrastructure sectors.

## Funding rounds

- Series D, Aug 7, 2023, $8.1M — Mitsubishi UFJ Capital, Bonds Investment Group, Higin Capital, Deepcore, Kashiwabara Corporation, BIG Impact, AITI Co., Ltd.
- Series D, Mar 16, 2022, $3.3M — Bonds Investment Group, Drone Fund
- Series C, Sep 1, 2021, $3.7M — ORIX, Miyako Capital, Bonds Investment Group, TOPPAN Holdings, Drone Fund, Central Security Patrols Co., Ltd.
- Series B, Apr 27, 2020, $3.4M — Miyako Capital, Venture Labo Investment, Drone Fund
- Series A, Sep 11, 2019 — NEC Capital Solutions, Venture Labo Investment

## Investors

- NEC Capital Solutions (https://capitalatlas.ai/funds/nec-capital-solutions) — Series A
- Venture Labo Investment (https://capitalatlas.ai/funds/venture-labo-investment) — Series A, Series B
- Miyako Capital (https://capitalatlas.ai/funds/miyako-capital) — Series B, Series C
- Drone Fund (https://capitalatlas.ai/funds/drone-fund) — Series B, Series C, Series D
- ORIX (https://capitalatlas.ai/funds/orix) — Series C
- Bonds Investment Group (https://capitalatlas.ai/funds/bonds-investment-group) — Series C, Series D
- TOPPAN Holdings — Series C
- Central Security Patrols Co., Ltd. — Series C
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series D
- Higin Capital (https://capitalatlas.ai/funds/higin-capital) — Series D
- Deepcore (https://capitalatlas.ai/funds/deepcore) — Series D
- Kashiwabara Corporation — Series D
- BIG Impact (https://capitalatlas.ai/funds/big-impact) — Series D
- AITI Co., Ltd. — Series D