FTV Labs Pte. Ltd. announced that it has received SGD 2.2 million in funding from Mitsubishi Electric Corporation, Global Brain Co., Ltd., GK Plug and Play, Origgin Ventures, Greenhouse Ventures Pvt. Ltd
September 25, 2022
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FTV LABS Pte. Ltd. announced that it has raised SGD 2.2 million in a round of funding on September 26, 2022. The transaction included participation from new investor, Mitsubishi Electric Corporation, Global Brain Co., Ltd., GK Plug and Play, Origgin Ventures, Greenhouse Ventures Pvt.
Mitsubishi Electric Corporation is one of the world's leading manufacturers of electric and electronic equipment. Net sales (including intragroup) break down by family of products and by services as follows:
- industrial automation equipment (28.6%): programmable controllers, motor operators, counters, industrial robots, clutches, etc.;
- electric equipment (24.2%): generators, motors, transformers, power circuit breakers, testing systems, etc.;
- household appliances (22.4%): televisions, video recorders, air conditioners, refrigerators, lamps, vacuum cleaners, etc.;
- information and communication equipment (6.9%): mobile phones, satellites, aerials, medical and audiovisual equipment, servers, computers, etc.;
- electronic components and devices (4.7%): memory, logic integrated circuits, monitors, plasma screens, printed circuit cards, etc.;
- other (13.2%): financial services, real estate management, engineering and maintenance services, etc.
Net sales break down geographically as follows: Japan (52.1%), Asia (24.9%), Europe (11.1%), North America (10.3%) and other (1.6%).
FTV Labs Pte. Ltd. announced that it has received SGD 2.2 million in funding from Mitsubishi Electric Corporation, Global Brain Co., Ltd., GK Plug and Play, Origgin Ventures, Greenhouse Ventures Pvt. Ltd
MITSUBISHI ELECTRIC CORPORATION 
