INDUSTRIAL-X Co., Ltd. announced that it has received ¥700 million in an equity round of funding led by new investor QR Investment Co., Ltd. on April 10, 2024. The transaction included the participation from new investors TOPPAN Holdings Inc., THK Co., Ltd., Shizuoka Capital Company Limited, Iyogin Capital Co. Ltd., returning investor Hiroshima Venture Capital Co., Ltd., other individual investors and other financial institutions.

The company will issue the shares through third party allotment method.