TAI raised 1.27 billion yen in the first close of its Series C funding round
The investment was led by Sumitomo Mitsui Insurance Capital, with third-party allotment of new shares underwritten by Watkyu Holdings, Tokyo Keiki, and others, as well as financing from Mizuho Bank. The funds will be used for production of the AI semiconductor "Manta Ray," building a global supply chain, and hiring personnel.