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SoftBank Invests in Japanese Robotics Startup Telexistence
SoftBank, the Japanese tech big, has introduced its funding in Telexistence, a robotics startup primarily based in Tokyo. This transfer aligns with SoftBank’s latest dedication to extend its investments within the AI business. Telexistence has efficiently raised $170 million in a Collection B funding spherical, with participation from SoftBank, Airbus Ventures, Monoful Companions, KDDI Open Innovation Fund, Foxconn, CTBC Monetary Holdings, and Globis Capital Companions.
Creating AI-Powered Robotic Arms
Based in 2017, Telexistence focuses on growing AI-powered robotic arms for the retail and logistics sector. The corporate gained recognition final yr after deploying its robots in 300 FamilyMart comfort shops throughout Japan. With the newly raised capital, Telexistence goals to broaden its international workforce, as said by CEO Jin Tomioka.
Strategic Partnerships and Product Collaboration
Along with the funding, Telexistence has introduced a strategic partnership with SoftBank Robotic Group, a subsidiary of SoftBank Group. This collaboration goals to speed up the commercialization of Telexistence’s merchandise in North America. Moreover, Telexistence will collaborate with Foxconn to fabricate its next-generation robotic named Ghost.
New Board Members and SoftBank’s Robotics Investments
Because of their funding, SoftBank Robotic Group’s Kenichi Kent Yoshida and Globis Capital Companions’ Ryohei Nomoto will be part of Telexistence’s board of administrators. SoftBank has demonstrated a powerful curiosity within the robotics business, beforehand investing in Bear Robotics and different corporations like Keenon Robotics and Opentrons by way of the SoftBank Imaginative and prescient Fund 2.
Conclusion
SoftBank’s funding in Telexistence marks a big step in the direction of the development of robotics and AI expertise. Telexistence’s give attention to AI-powered robotic arms has the potential to revolutionize the retail and logistics business. With strategic partnerships and collaborations, the corporate goals to broaden its presence globally. SoftBank’s continued involvement within the robotics sector additional reinforces its dedication to driving innovation on this discipline.
FAQs
1. What’s Telexistence?
Telexistence is a Tokyo-based robotics startup that focuses on growing AI-powered robotic arms for the retail and logistics business.
2. How a lot funding did Telexistence elevate in its Collection B spherical?
Telexistence raised $170 million in its Collection B funding spherical.
3. Who’re the buyers concerned in Telexistence’s funding spherical?
The funding spherical noticed participation from SoftBank, Airbus Ventures, Monoful Companions, KDDI Open Innovation Fund, Foxconn, CTBC Monetary Holdings, and Globis Capital Companions.
4. What strategic partnerships did Telexistence announce?
Telexistence introduced a strategic partnership with SoftBank Robotic Group to speed up its commercialization in North America. The corporate additionally plans to collaborate with Foxconn for the manufacturing of its next-generation robotic, Ghost.
5. How has SoftBank been concerned within the robotics business?
SoftBank has made investments in numerous robotics corporations, together with Telexistence, Bear Robotics, Keenon Robotics, and Opentrons, by way of its SoftBank Imaginative and prescient Fund 2.
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