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Japanese Robotics startup Telexistence secures $160M, partners with Softbank, Foxconn

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Tokyo-based Telexistence, the Japanese startup developing remote-controlled robots, announced on Friday that it has secured about 23 billion yen (about $160 million US) in a series B round. Participating investors in this round are Monoful Venture Partners, KDDI Open Innovation Fund, Airbus Ventures, Softbank Group (TSE: 9984), Foxconn, and Globis Capital Partners (GCP). Monoful Venture Partners, KDDI Open Innovation Fund, and Airbus Ventures followed their previous investments in Series A1 and A2 rounds. The latest round brought the robotics startup’s funding sum up to over 27.5 billion yen ($190 million US). Telexistence also secured a strategic partnership with Softbank Robotics Group (SBRG) to promote its robotics business in North America and other regions. In addition, Telexisistence will collaborate with Foxconn to establish mass production technology for the startup’s next model GHOST. In conjunction with the funding, Telexistence invites Kenichi Yoshida of SBRG and Ryohei Nomoto of GCP to the company’s board of directors. Telexistence is developing remotely controlled robots using a variety of technologies, including robotics, telecommunications, VR, tactile sensation, and AI. TX SCARA, the company’s current model, is known for having installed in many FamilyMart convenience stores in Japan. Demand for these robots is increasing in Japan where manpower…

Tokyo-based Telexistence, the Japanese startup developing remote-controlled robots, announced on Friday that it has secured about 23 billion yen (about $160 million US) in a series B round. Participating investors in this round are Monoful Venture Partners, KDDI Open Innovation Fund, Airbus Ventures, Softbank Group (TSE: 9984), Foxconn, and Globis Capital Partners (GCP).

Monoful Venture Partners, KDDI Open Innovation Fund, and Airbus Ventures followed their previous investments in Series A1 and A2 rounds. The latest round brought the robotics startup’s funding sum up to over 27.5 billion yen ($190 million US).

Telexistence also secured a strategic partnership with Softbank Robotics Group (SBRG) to promote its robotics business in North America and other regions. In addition, Telexisistence will collaborate with Foxconn to establish mass production technology for the startup’s next model GHOST. In conjunction with the funding, Telexistence invites Kenichi Yoshida of SBRG and Ryohei Nomoto of GCP to the company’s board of directors.

Telexistence is developing remotely controlled robots using a variety of technologies, including robotics, telecommunications, VR, tactile sensation, and AI. TX SCARA, the company’s current model, is known for having installed in many FamilyMart convenience stores in Japan. Demand for these robots is increasing in Japan where manpower is in short supply, and in North America where labor costs are skyrocketing after COVID-19.

via PR Times

Japanese robotics startup Telexistence closes series A round with $40M+

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Tokyo-based Telexistence, the Japanese startup developing remote-controlled robots, announced today that it has secured about 2.2 billion yen (about $20 million US) in a series A2 round. Participating investors include Airbus Ventures, KDDI Open Innovation Fund (KOIF), Deepcore, UTokyo Innovation Platform (UTokyo IPC), and several unnamed investors, in addition to Monoful, a digital transformation-focused subsidiary of global logistics giant GLP. This follows a previous round (estimated to be series A1) in December of 2018 when some of the investors participating in the latest round such as KOIF, UTokyo IPC, Deepcore, and Monoful also participated. With the Series A1 (previous round) and A2 (the latest round) rounds combined, the company has secured about 4.5 billion yen (over $40 million US) in a series A round. Telexistence has been developing tele-controlled robots using a variety of technologies including tele-presence, robotics, communications, virtual reality (VR), haptics, and artificial intelligence (AI). They plan to use the funds to expand its product development team as well as accelerating product development and implementation to the expanding customer base in the retail and logistics sectors. The company has partnered with Monoful to develop the Augmented Workforce Platform (AWP) for logistics facility operations. AWP allows operators to control…

The Model-T robot
Image credit: Telexistence

Tokyo-based Telexistence, the Japanese startup developing remote-controlled robots, announced today that it has secured about 2.2 billion yen (about $20 million US) in a series A2 round. Participating investors include Airbus Ventures, KDDI Open Innovation Fund (KOIF), Deepcore, UTokyo Innovation Platform (UTokyo IPC), and several unnamed investors, in addition to Monoful, a digital transformation-focused subsidiary of global logistics giant GLP.

This follows a previous round (estimated to be series A1) in December of 2018 when some of the investors participating in the latest round such as KOIF, UTokyo IPC, Deepcore, and Monoful also participated. With the Series A1 (previous round) and A2 (the latest round) rounds combined, the company has secured about 4.5 billion yen (over $40 million US) in a series A round.

Telexistence has been developing tele-controlled robots using a variety of technologies including tele-presence, robotics, communications, virtual reality (VR), haptics, and artificial intelligence (AI). They plan to use the funds to expand its product development team as well as accelerating product development and implementation to the expanding customer base in the retail and logistics sectors.

The company has partnered with Monoful to develop the Augmented Workforce Platform (AWP) for logistics facility operations. AWP allows operators to control robots installed in warehouses via the Internet and participate in tasks such as loading and unloading pallets while operators are working from home.

The company also announced that it has tied up with Japanese office furniture giant Okamura Corporation (TSE:7984) for joint research and development of fixture products optimized for carrying and displaying by robots.