Tokyo-based Telexistence made a statement. It said it raised $170 million in a Series B financing round from the KDDI Open Innovation Fund, a fund established by SoftBank, Airbus Ventures, Monoful Partners, Foxconn and CTBC Financial Holdings. In total, Telexistence has raised about $193.5 million since its inception with the latest round.
What do we know about Telexistence? Founded in 2017. Develops AI-powered robotic arms for the retail and logistics industry. CEO Jin Tomioka made a statement. The company will use its new capital to support its workforce globally. In addition to the funding, Telexistence is also announcing a strategic partnership with SoftBank Robotics Group, a unit of SoftBank Group, to accelerate its commercialization in North America. The startup also said it will work with Foxconn to produce its next-generation robot called “Ghost”.
Kenichi Kent Yoshida of SoftBank Robotics Group and Ryohei Nomoto of Globis Capital Partners will join Telexistence’s board of directors as a result of their investment. SoftBank has been a bit more optimistic about investments in robotics, backing California-based Bear Robotics in 2020. Through SoftBank Vision Fund 2, it also invested in Shanghai-based Keenon Robotics, which specializes in service development.
TELEXISTENCE Inc. was founded in 2017 to design, build and operate robots wherever we see an opportunity to move basic technology forward. We develop remote-controlled robots with artificial intelligence on a mission to change robots, change structures and change the world. We continuously develop hardware, software, AI and teleoperation technologies in-house, assembled by highly specialized professionals from all over the world. Our goal is to expand the scope of robots’ activities beyond the factory and revolutionize the fundamental nature of labor society.Telexıstence