GITAI is a U.S.-based space robotics company founded in 2016 that aims to provide safe and affordable labor in space. They develop advanced robotic systems, including robotic arms, satellites, and lunar rovers, for on-orbit services and lunar infrastructure construction. GITAI has established partnerships with organizations like JAXA and has secured contracts with U.S. government agencies such as DARPA, focusing on national security missions. The company's technologies are designed to help build and maintain satellites, space stations, lunar bases, and cities on Mars.
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GITAI plans to expand its Engineering Model/Flight Model Manufacturing Facilities in the US.
KDDI Open Innovation Fund III L.P. contributed to GITAI's funding round.
GITAI's Founder & CEO Sho Nakanose stated that the company aims to reduce labor costs for operations on the Moon and Mars by 100 times.
DCI Venture Growth Fund is an investor in GITAI's funding round.
In March, GITAI used two rovers and two Inchworms in a simulated lunar environment near the western edge of the Mojave Desert to emulate tasks needed to build a base on the moon and explore its surface.
ANRI III Investment Limited Partnership invested in GITAI during this round.
JIC Venture Growth Fund 2 Investment Limited Partnership is an investor in GITAI's funding round.
GITAI intends to build infrastructure on the Moon and Mars, including solar panels, communication antennas, fuel generators, and habitation modules.
GITAI is in talks with several U.S. launch companies for a 2026 lunar surface demonstration mission in which its rover would attempt to assemble a communication antenna and solar panels to reach TRL 7 or higher.
In this funding round, GITAI raised funds through a third-party allotment from various companies and funds, primarily from existing investors.
GITAI plans to use a portion of the Series B proceeds to expand into larger engineering and flight model manufacturing facilities in Los Angeles.
GITAI USA Inc. and GITAI Japan Inc. have completed a Series B Extension round of funding totaling 4 billion yen (approximately US$30 million) to expand their business and technology development in the US.
GITAI's lunar rover is slated to reach TRL 6 by the end of 2024 through various ground tests.
NVC No.1 Limited Liability Partnership is one of the investors in GITAI's Series B Extension funding.
GITAI will primarily use the funds raised to enhance the Technology Readiness Level (TRL) of its Lunar Robotic Rover and Lunar Inchworm Type Robotic Arm.
JGC MIRAI Innovation Fund L.P. is also an investor in GITAI's funding round.
Most components on GITAI's Inchworm are similar to the company's 1.5-meter S2 robotic arm system, which GITAI expects to upgrade from TRL 6 to TRL 7 with an upcoming demonstration outside the International Space Station.
GITAI aims to further expand employment in the US.
GITAI raised 4,000,000,000 JPY on 2023-05-24 to accelerate technology development and its U.S. expansion plans.
Electric Power Development Co.,Ltd. (J-POWER) invested in GITAI.