Japan's future unicorns take on challenges from automation to fusion

Despite government help, new billion-dollar companies still scant, survey shows

20231206N Mujin

Robot software developer Mujin's valuation soared 29-fold over the past year. (Mujin)

RYO MATSUURA and YASUFUMI TSUGE, Nikkei staff writers

TOKYO -- Japan has 13 unlisted startups approaching unicorn status, according to a Nikkei survey, the highest number to date, as investors pour money into companies offering solutions to societal challenges such as labor shortages and decarbonization.

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