Space robotics startup GITAI recently announced a $15 million addition to its Series B extension round. These funds bring the company’s total Series B to $45 million. GITAI says it will use the money to expand business operations in the United States and partially cover the costs of a lunar surface demonstration.
GITAI is a space robotics startup that develops robots to help build and maintain satellites, space stations, lunar bases and cities on Mars. It aims to provide safe and affordable labor in space while reducing operational costs.
Its latest capital raise was secured through a third-party allotment from several companies and funds, including Green Co-Invest Investment, Pacific Bays Capital and Mitsui Sumitomo Insurance Venture Capital. GITAI also secured additional funds through a loan from MUFG Bank.
