University of Tsukuba-founded submarine drone maker FullDepth secured capital from investors including Sumitomo Forestry’s Tsukuba Research Institute and Mitsui Sumitomo Capital.

FullDepth, a Japan-based submarine drone manufacturer spun out of University of Tsukuba, has received approximately ¥340m ($3.1m) in a round backed by Tsukuba Research Institute, an R&D centre owned by housing and wood products group Sumitomo Forestry. Corporate-backed investment fund Drone Fund led the round, with contributions from insurance group Mitsui Sumitomo’s investment subsidiary, Mitsui Sumitomo…

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