Space robotics startup GITAI raises additional $15.5m funding to advance on-orbit services

GITAI, a space robotics startup, has raised additional $15.5 million as part of its Series B Extension round in October 2024. This follows $30 million raised in May 2023 and $15 million raised in August 2023, bringing the total in the Series B Extension round to $60.5 million.

The lead investor in this round is Maezawa Fund, a venture capital fund established and operated by Japanese billionaire entrepreneur and commercial astronaut Yusaku Maezawa.

"GITAI's monumental challenge to reduce space development costs by 1/100 holds vast potential to expand the boundaries of our future. Achieving this will bring space closer to our daily lives and business, transforming it into a more accessible domain. We are genuinely excited to support GITAI in pioneering this new frontier," says Maezawa.

To reduce the cost of space operations by 100 times, GITAI is developing robotic satellites for on-orbit services, lunar robotic rovers for infrastructure construction, and inchworm-type robotic arms that can be used in both areas. All of these technologies are being developed in-house.

In late 2023, GITAI relocated its headquarters from Japan to the United States, with all non-U.S. national management team members obtaining permanent resident status, officially establishing GITAI as a U.S.-based company. Since then, GITAI has expanded its space robotics business and production capabilities in the U.S. space and defense market, achieving key milestones such as selection for NASA SBIR, orders from DARPA, a successful technology demonstration outside the ISS, AS9100 and NIST SP800-171 certifications, and the expansion of its headquarters and production facilities.

With this additional funding, GITAI aims to further advance on-orbit services and lunar infrastructure construction in the U.S. space and defense market and will continue to pursue reducing the cost of space operations by 1/100th of the current cost.

www.gitai.tech

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