Power Laser Technology raises approximately ¥1.2bn
The financing supports laser-source development, fusion validation and space-debris applications.
Named backers include Angel Bridge, Incubate Fund, IF Everlast, Frontier Innovations, DBJ Capital and other Japanese investors.
The Osaka University spinout plans to validate laser-fusion applications and develop space-situational-awareness services for small debris.
Its joint work with Osaka University’s Institute of Laser Engineering and the Institute for Laser Technology remains at technology-development and application-validation stage.
Use of funds
Develop power-laser sources and validate fusion-energy applications
Develop space-situational-awareness services targeting small debris