Global Brain has made an additional investment in Pale Blue Inc. (Pale Blue), a startup developing propulsion systems for micro-satellites, through its KURONEKO Innovation Fund (KURONEKO Fund). Pale Blue is a startup from the University of Tokyo, founded in 2020 by members who have a world-leading track record in the research and development of propulsion systems for micro-satellites. Propulsion systems for micro-satellites have various issues related to technology, price, size, etc. Accordingly, there are　almost no propulsion systems available in the market. Based on the ion engine technology developed at the University of Tokyo, Pale Blue is developing a water-fueled propulsion system for micro-satellites. By using water as the ultimate clean fuel, the product takes into consideration the space environment and the safety of workers. Pale Blue has already been successfully demonstrated their technology in space and is expected to expand globally in the future. Global Brain has decided to additionally invest in Pale Blue because of its advanced technology and competitive advantage. Through this investment, Global Brain will continue to support Pale Blue's business development and product development for further growth.

About Pale Blue

Location: Kashiwa-shi, Chiba, Japan
Representative: Jun Asakawa
Founded: April 2020
URL: https://pale-blue.co.jp/

About KURONEKO Fund

Name: KURONEKO Innovation Fund
General Partner: Global Brain Corporation
Fund Size: JPY 5 billion

About Global Brain

Location: Tokyo, Japan
Representative: Yasuhiko Yurimoto
Founded: January 1998
URL: https://globalbrains.com/

Global Brain has made an additional investment in Pale Blue Inc., a startup developing propulsion systems for micro-satellites