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SoftBank invests in Japanese robotics agency Teleexistence
Japanese tech large SoftBank has introduced its funding in Tokyo-based robotics startup Teleexistence. The change is in keeping with SoftBank’s newest dedication to ramp up its investments inside the AI enterprise. Teleexistence successfully 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.
Constructing AI-powered robotic arms
Established in 2017, Teleexistence focuses on increasing AI-powered robotic arms for the retail and logistics sector. The corporate acquired recognition final 12 months after deploying its robots in 300 FamilyMart Consolation shops throughout Japan. With the newly raised capital, Telexistance goals to develop its worldwide workforce, based on CEO Jin Tomioka.
Strategic Partnerships and Product Collaborations
With the funding, Teleexistence has entered right into a strategic partnership with SoftBank Robotics Group, a subsidiary of SoftBank Group. The aim of this collaboration is to speed up the commercialization of telepresence merchandise in North America. As well as, Teleexistence will associate with Foxconn to develop its next-generation robotic arm, known as Ghost.
New Board Member and Funding in Robotics from SoftBank
Due to their funding, Kenichi Kent Yoshida of SoftBank Robotics Group and Ryohei Nomoto of Globis Capital Companions will serve on Teleexistence’s board of directors. SoftBank has proven a powerful curiosity within the robotics trade, having beforehand invested in Bear Robotics by means of SoftBank Imaginative and prescient Fund 2 and different corporations comparable to Keenan Robotics and OpenTron.
conclusion
SoftBank’s funding in Teleexistence is a serious step ahead in robotics growth and AI experience. Telepresence’s concentrate on AI-powered robotic arms has the potential to revolutionize the retail and logistics enterprise. With strategic partnerships and collaborations, the corporate goals to extend its presence globally. SoftBank’s continued involvement within the robotics trade reinforces its dedication to driving innovation on this space.
ceaselessly requested questions
1. What’s telepresence?
Teleexistence is a Tokyo-based robotics startup targeted on enhancing AI-powered robotic arms for the retail and logistics enterprise.
2. How a lot cash did Teleexistence elevate in its Collection B spherical?
Teleexistence raised $170 million in its Sequence B funding spherical.
3. Who’re the consumers concerned in Teleexistence’s financing spherical?
The financing spherical included participation from SoftBank, Airbus Ventures, Monoful Companions, KDDI Open Innovation Fund, Foxconn, CTBC Monetary Holdings and Globis Capital Companions.
4. What are the strategic alliances introduced by Teleexistence?
TeleExistence entered right into a strategic partnership with SoftBank Robotics Group to speed up its commercialization in North America. The corporate additionally plans to collaborate with Foxconn to fabricate its next-generation robotic, Ghost.
5. How has SoftBank been concerned within the robotics enterprise?
SoftBank has invested in a number of robotics corporations by means of its SoftBank Imaginative and prescient Fund 2, together with Teleexistence, Bear Robotics, Keenan Robotics, and Opentron.
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