MUSE raises JPY 570 million to scale Armo
MUSE raised a total of JPY 570 million from eleven venture, corporate and financial institutions to accelerate deployment of its Armo store robot.
Evidence notes
- Equity participants included Incubate Fund, XTech Ventures, a Global Brain-managed fund, Spiral Capital, Toshiba Tec and four other investors.
- Debt financing came from Japan Finance Corporation and Mizuho Bank.
- The company said the capital would accelerate Armo service deployment.
Company context
Developer of autonomous mobile store robots for retail promotion, shelf monitoring and transport.