Ascent Robotics’ $10 Million Round Funding


Orrick advised Ascent Robotics Inc., 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.

Ascent builds end-to-end AI’s for robotic systems. The company, funded by Fred Almeida, is based in Tokyo.

Orrick advised with a team including Hiroki Sugita (Picture) and Sakon Kuramoto.

Involved fees earner: Hiroki Sugita – Orrick; Sakon Kuramoto – Orrick;

Law Firms: Orrick;

Clients: Ascent Robotics Inc.;

Avatar

Author: Michael Patrini