ugo Secures Series B Funding Led by NTT West to Expand Robotics Development
ugo has completed a Series B3 funding round, raising approximately ¥4 billion to enhance its robotics technology. The investment aims to accelerate R&D and expand the deployment of business-oriented robots, thus positioning the company for significant growth in the industrial automation sector.
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ugo has successfully completed a Series B3 funding round, securing approximately ¥4 billion with NTT West as the lead investor. Other participants included EXEO Innovation Fund and several other investment partnerships.
The funds will be utilized for R&D in physical AI, expanding robotic solutions, and enhancing production capabilities. The company’s small inspection robot, ugo mini, has shipped over 100 units within a year, achieving double sales growth annually for three consecutive years. Future developments will focus on multi-legged inspection robots and humanoids, supporting on-site deployment and data collection for foundational AI model advancements.
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