93 FOMO press release · Array Labs
Array Labs Raises Additional $21M, Anchored by Strategic Investment from Mitsubishi Electric
AI Executive Summary
Array Labs announced an oversubscribed $21 million strategic financing round anchored by Mitsubishi Electric Corporation, with continued participation from Catapult Ventures, Kompas VC, and Y Combinator. The announcement also disclosed a commercial partnership with Mitsubishi Electric to develop satellite-based aircraft and maritime tracking services for defense and security customers in the Asia-Pacific region. The round follows Array's $20 million Series A in January 2026 and provides additional resources for radar development, manufacturing, and commercialization.