TOKYO—August 23, 2019—RT Corporation completed its capital raising from Series B round undertaken by Mirai Creation Fund II, DBJ Capital, Mizuho Growth Fund No. 3, and SI Start-up Supporting Fund. As a result, it has raised a total of approximately 500 million yen from this capital raising, borrowing, and Series A third-party allotment completed 2 years ago.

~ The fund raised will be used in strengthening of its business structure to accelerate the development and sales of the humanoid collaborative food-picking robot Foodly working at the lunchbox factory ~

Robot and AI venture company RT Corporation (Chiyoda-ku, Tokyo, President, CEO Yukiko Nakagawa, hereinafter referred to as RT) has raised approximately 400 million yen from Series B third-party allotment of shares and borrowing combined. The total amount raised since the Series A round has reached approximately 500 million yen.

The Series B third-party allotment has been undertaken by the following investors;
Mirai Creation Fund II operated by SPARX Asset Management Co., Ltd. (Minato-ku, Tokyo President, CEO Shuhei Abe,), with Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation as major sponsors
DBJ Capital Investment Limited Partnership operated by DBJ Capital Co., Ltd. (Chiyoda-ku, Tokyo, President Haruhiko Uchiyama)
Mizuho Growth Fund No.3 Limited Partnership operated by Mizuho Capital Co., Ltd. (Chiyoda-ku, Tokyo, President Yusuke Omachi)
SI Start-up Supporting Fund Investment Enterprise Limited Partnership operated by Senshu Ikeda Capital Co., Ltd. (Kita-ku, Osaka, President Mitsutoshi Ishitobi)

In order to address the urgent issue of labor shortage in the prepared food industry, RT has been developing the humanoid collaborative food-picking robots Foodly – solely developed by RT – that works together with people at the food serving line at lunch box factory. RT has succeeded in launching its prototype by overcoming a number of challenges including creation of image recognition technology for identifying irregularly shaped foods in bulk trays. In order to accelerate the development and sales of Foodly, RT will use the funds raised to strengthen its business structure including the hiring of personnel.

August 23, 2019
RT Corporation
President CEO Yukiko Nakagawa

Images of FOOMA JAPAN 2019 (International Food Industry Exhibition)

【Contact for inquiries related to this release】
RT Corporation
TEL: +813-6666-2566
Email: info@rt-net.jp
Official website:https://www.rt-net.jp

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