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Aerospace, Maritime and Defense Tech Series C Founded 2020

Pale Blue

Provider of water-based propulsion systems for spacecraft. It designs and develops water resist jet thrusters, water ion thrusters, vacuum chambers, and thrust stands. These thrusters use electron cyclotron resonance to develop water plasma that acts like a thruster. Founded in 2020, headquartered in Kashiwa, Japan. The company has raised $33.2M in funding at the series c stage. The team comprises 24 (Jun 30, 2026)…

📍 Kashiwa, Japan · Space Tech

Funding snapshot

Last roundSeries C
Amount$10M
Date7 August 2025
Total raised$33M
Team size24

About

Provider of water-based propulsion systems for spacecraft. It designs and develops water resist jet thrusters, water ion thrusters, vacuum chambers, and thrust stands. These thrusters use electron cyclotron resonance to develop water plasma that acts like a thruster. Founded in 2020, headquartered in Kashiwa, Japan. The company has raised $33.2M in funding at the series c stage. The team comprises 24 (Jun 30, 2026) employees. Pale Blue operates in the Aerospace, Space Tech sectors. The company focuses on Water based. Notable investors include Astart, KURONEKO, The Gogin Capital, Sumisho Venture Partners, Joyo Capital Partners, Chibagin Capital, among others. The company has a team of 24 employees.

Business model

Space Tech > Support Engineering > Satellite Components > Propulsion Systems > Water based

Institutional investors

Astart KURONEKO The Gogin Capital Sumisho Venture Partners Joyo Capital Partners Chibagin Capital Global Brain ITOCHU Technology Ventures Incubate Fund Mitsui Sumitomo Insurance Venture Capital SPARX Innovation for Future Yamato Transport NEDO Mitsubishi Electric Nissay Capital

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