Japan’s Ascent Robotics Raises $10 Million in Series A Round

March.22.2018

Orrick advised Ascent Robotics Inc., a Tokyo-based company developing AI for self-driving vehicles, in raising JPY1.1 billion yen ($ 10 million) in a Series A round, led by SBI Investment’s AI and blockchain-focused fund.

Following this funding, Ascent Robotics will carry out substantial experiments of self-driving vehicles on public roads. The fund will also be used for recruiting prominent researchers and engineers and expanding their business hub overseas.

Our team was led by Hiroki Sugita, with the support from Sakon Kuramoto.