Japanese conglomerate Sumitomo Corp is launching a service that will help companies in Malaysia and Southeast Asia reduce their employee healthcare costs, Nikkei Asia reported. Separately, Japanese space debris removal startup Astroscale has closed its Series G round at $76 million.
Sumitomo to help employers cut healthcare costs
Japanese conglomerate Sumitomo Corp is launching a service that will help companies in Malaysia and Southeast Asia reduce their employee healthcare costs. Sumitomo’s new platform will match employees’ symptoms with clinics that offer the lowest fees making healthcare more affordable, according to Nikkei Asia.
The platform, which will launch in Malaysia this year, will also offer tips on healthy eating and exercising. Sumitomo is going to collaborate with German consultancy group Roland Berger’s Singapore unit for the service.
Sumimoto Corp is a Japan-based conglomerate with interests in metal products, transportation & construction systems, infrastructure, media, retail, healthcare, food, construction material and real estate.
Astroscale closes $76m Series G round
Japan-based satellite servicing and space debris removal company Astroscale has closed its Series G round at $76 million.
Mitsubishi Electric, Yusaku Maezawa, Mitsubishi UFJ Bank, Mitsubishi Corporation, Development Bank of Japan, and FEL Corporation participated in the funding round. The company has raised a total of approximately $376 million since its establishment.
“Mitsubishi Electric is working to promote the use of space in the security sector, which strongly connects with Astroscale’s efforts to build a sustainable space economy for future generations,” said Masahiko Arai, General Manager of the Defense Systems Division of Mitsubishi Electric.
Astroscale is expanding its workforce and has opened facilities in the UK, US, and Israel, with its global headquarters set to open in Tokyo later this year. The company’s US team is working with several US government agencies, including the Air Force Research Laboratory and Space Force, on R&D for satellite servicing.