Telexistence is engaged in developing artificial intelligence-powered robots. Credit: metamorworks via Shutterstock.

Japanese robotics company Telexistence (TX) has raised $170m (Y24.3bn) in its Series B funding round from SoftBank Group, HH-CTBC Partnership, and Globis Capital Partners.

The company’s existing investors Monoful Venture Partners, KDDI Open Innovation Fund, and Airbus Ventures also joined the round.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Set up in 2017, TX is engaged in developing artificial intelligence-powered robots with a focus on logistics and retail industries.

In 2021, the company announced a partnership with convenience store chain FamilyMart to deploy its robots to 300 of FamilyMart’s stores.

Along with the funding, TX announced a strategic partnership with SoftBank Robotic Group Corporation (SBRG) and Foxconn, an electronics manufacturing company.

With an emphasis on speeding up the commercialisation in North America, TX intends to expand business collaboration through the relationship with SBRG.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The alliance with Foxconn is aimed at establishing production technology and mass-producing its next-generation robot, called “GHOST”.

Telexistence CEO Jin Tomioka said: “With the proud backing of our new partners SBRG and Foxconn, TX increases its commitment to accelerate the rapid expansion of its existing robot operations and drive the development of robots with human-level versatility, which is the goal of anyone involved in robotics.

“With this latest funding, we aim to amplify our search for top, diverse talent to enhance our global capabilities at scale.”

As a result of this investment, SBRG’s Kenichi Kent Yoshida, and Globis Capital Partners’ Ryohei Nomoto will join TX’s board of directors.