Japanese intelligent robot system software firm Linkwiz Inc has raised JPY 900 million ($8.3 million) in a Series B funding round backed by existing investor Tokyo-based INCJ Ltd and five other companies.
The funding round – conducted through a third-party allocation of shares – will be used by the Linkwiz for overseas expansion by establishing hubs to showcase smart production systems using industrial robots, an announcement said on Monday.
In the current funding round, existing investor SMBC Venture Capital Co also participated along with new investors Hamashin Lease, Co., Ltd and Shinkin Capital Co via a joint fund, Mitutoyo Corporation and Panasonic Corporation and Global Brain Corporations GB-Ⅶ Growth Fund Investment.
Established in 2015, Linkwiz develops and sells control system software with proprietary algorithms for industrial robots. Linkwiz’s main products, L-ROBOT, a control software for robots that perform operations such as welding and coating, and L-QUALIFY, a production-line inspection software, have been adopted by some major auto manufacturers.
With the latest capital raising, Linkwiz will focus on sales, market research, and marketing of its products in regions where there is a great need for automation and higher efficiency. The company will also look at collaboration with companies in relevant sectors and providing comprehensive solutions that go beyond a single process.
“This investment and our joint business development agreement will enable us to build an even closer relationship with Linkwiz, through which we can provide new value to customers in the manufacturing industry,” said Yasuyuki Higuchi, representative director, senior managing executive officer and CEO of connected solutions company, Panasonic.