TriOrb Raises Additional ¥300 Million in Series B Second Close for Omnidirectional Robot
Japanese robotics startup TriOrb, which develops the ball-driven omnidirectional transport platform TriOrb BASE, announced on Aug 7 that it raised a further ¥300 million through a second close of its Series B round, combining a third-party allocated capital increase and loans. The financing brings the company’s cumulative funding for the round to ¥4.53 billion.
- TriOrb raised an additional ¥300 million via a Series B second close announced on Aug 7.
- The second close includes investment from the Japan Bank for International Cooperation and Toyota Tsusho, with loans from Sumitomo Mitsui Banking.
- Total funding for the Series B round now stands at ¥4.53 billion.
- TriOrb BASE offers omni-directional movement and positioning at millimetre scale, targeting factory transport use.
Who is investing
The third-party allocated capital increase in this second close was subscribed by the Japan Bank for International Cooperation and Toyota Tsusho, with loan financing from Sumitomo Mitsui Banking. Including this second close, the cumulative amount raised in the Series B round reaches ¥4.53 billion.
TriOrb announced the first close of its Series B round on June 1, when it raised ¥2.88 billion through a mix of third-party allocated capital increases and loans from investors including the Mirai Sousei 3 Fund (Sparks Asset Management), UTEC, Mitsubishi UFJ Capital, DRONE FUND, JST, AISol and Mizuho Capital.
What TriOrb BASE does
TriOrb BASE is a transport platform built around a ball-driven omni-directional movement mechanism, using spheres themselves as the drive units. It supports independent control of forward, backward, sideways and rotational movement, and enables positioning at millimetre scale. According to the company, the platform can handle environments where conventional autonomous mobile robots (AMRs) struggle, including steps, gaps and narrow spaces.
Beyond automating in-factory transport, the platform is also positioned as a component for production lines where equipment layouts can be reconfigured.
Plans for mass production and global expansion
TriOrb says it will proceed with mass production of TriOrb BASE toward full market introduction, global expansion centred on a US base, organisation growth through engineering hiring, and further development of autonomous navigation technology. Through collaboration with Toyota Tsusho, it plans to bring the platform to manufacturing sites and expand overseas, while the investment from the Japan Bank for International Cooperation is intended to accelerate its US market efforts.
FAQ
What is TriOrb BASE?
TriOrb BASE is a ball-driven omni-directional transport platform that offers independent control of movement in all directions and positioning at millimetre scale, designed for factory and production line use.
How much did TriOrb raise in the Series B second close?
The company raised an additional ¥300 million, combining a third-party allocated capital increase from the Japan Bank for International Cooperation and Toyota Tsusho with loans from Sumitomo Mitsui Banking.
What are the funds intended for?
The funds support mass production of TriOrb BASE, global expansion centred on the US, engineering hiring and development of autonomous navigation technology.
Source: The Bridge
Cover image generated by AI for illustrative purposes only.
