#Japan #Kyoto #Mitsubishi Heavy #Incubate Fund #MetroWeather

MetroWeather Raises Significant Funding For Growth

Kyoto-based MetroWeather, established in 2015 as a deep tech startup derived from Kyoto University, has successfully completed its Series B funding round, raising a total of 1.5 billion yen. This funding was primarily provided by Incubate Fund and Mitsubishi Heavy Industries, marking a significant achievement for the company. With this latest capital influx, MetroWeather's total funding has now reached 3.56 billion yen, and they are targeting a total of 2.5 billion yen for the overall Series B round, with a second closing planned.

The funding will bolster their advancements in remote sensing technology, specifically focused on developing an innovative "Object Detection Lidar" that can identify suspicious drones—an ever-growing concern in recent years due to the rapid proliferation of drones threatening critical infrastructure worldwide. These technologies aim to enhance safety and security measures across various sectors, including defense and vital infrastructures like airports and power plants.

Background and Relevance of the Funding

As the threat of drones accessing sensitive areas becomes a global issue, the importance of counter-drone technologies has surged. Both MetroWeather and Incubate Fund recognize the potential for innovation in the dual-use market—technologies that serve both civilian and defense purposes. The collaboration with Mitsubishi Heavy Industries also underscores a trend of strategic partnerships between large manufacturers and agile startups in Japan.

Mitsubishi Heavy has a deep portfolio in defense technologies, spanning land, sea, air, and space, making them an ideal partner for MetroWeather’s advanced radar technologies. Their experience and insight into the defense sector complement MetroWeather's cutting-edge developments, allowing for an enriched approach to security challenges. As both companies combine their resources and expertise, they aspire to tackle pressing problems in national security and infrastructure protection.

Comments from Industry Leaders

Masashi Ihara, General Partner at Incubate Fund, shared his enthusiasm for MetroWeather's capabilities, emphasizing the crucial role that startups with high technical prowess play in driving innovation within the defense industry. He expressed confidence in the company's trajectory toward the dual-use market, especially with the backing of a significant partner like Mitsubishi Heavy Industries.

Meanwhile, Jun Matsuo of Mitsubishi Heavy emphasized the growing importance of sophisticated sensor networks and data processing capabilities, allowing companies to address increasingly complex social and security needs. He expressed hope that by merging their strengths with MetroWeather, they can foster advances in technology that benefit both national security and societal infrastructure.

The President of MetroWeather, Junichi Furumoto, also reflected on the importance of this funding and partnership for his company's journey. He believes collaborating with an established entity like Mitsubishi Heavy will help MetroWeather meet the high standards required in the defense sector, while also enabling them to remain agile and responsive to the fast-paced challenges of the defense industry.

With solid financial backing and alliances with prominent firms, MetroWeather is positioned to accelerate the practical application of its Object Detection Lidar and contribute significantly to advancements in both military and crucial infrastructure protection—paving the way toward a safer and more secure future for society.

Company Overview

Incubate Fund

Founded in 2010, Incubate Fund has established itself as one of Japan's leading venture capital firms, focusing on encouraging ambitious entrepreneurs. They have managed funds exceeding 150 billion yen to support over 800 startups, particularly in seed stages, and are now actively widening their scope to include growth stage investments with a keen interest in deep tech sectors.

Website: Incubate Fund

Mitsubishi Heavy Industries

Established in 1884, Mitsubishi Heavy Industries stands as a leader in global engineering and manufacturing, encompassing a wide range of sectors, including energy and defense. Their dedication to innovation is evident through their commitment to creating solutions that address carbon neutrality and infrastructure modernization, supporting a sustainable future for society.

Website: Mitsubishi Heavy Industries

MetroWeather

MetroWeather leverages sophisticated infrared laser technology to provide real-time, three-dimensional visualizations of wind conditions via their Doppler Lidar systems. Continuing their research into object detection, they are dedicated to creating safe and secure societal solutions on a global scale.

Website: MetroWeather