The raise will help Telexistence to boost its North American business and scale production for mass markets.

Telexistence, a robotics company based in Tokyo, has successfully raised USD 170 million in a Series B funding round. The funding came from both existing investors, such as Monoful Venture Partners, KDDI Open Innovation Fund, and Airbus Ventures, as well as new investors including SoftBank Group Corp., Foxconn Co-GP Fund, and Globis Capital Partners.

Telexistence has also entered into a strategic partnership with SoftBank Robotic Group Corp., a subsidiary of SoftBank Group, to collaborate on global business development, particularly focusing on accelerating commercialization in North America.

Furthermore, Telexistence will collaborate with Foxconn to establish production technology and carry out mass production for their next-generation robot model called “GHOST.” As part of the funding and partnership agreements, Kenichi “Kent” Yoshida from SoftBank Robotic Group and Ryohei Nomoto from Globis Capital Partners will join Telexistence as directors.

Telexistence has been making significant progress since its establishment in 2017, moving from research and development to deploying its robots in various real-world environments. The company has also partnered with FamilyMart, a major convenience store chain in Japan, to deploy its robots in 300 stores.

With the new funding, Telexistence aims to expand its robot operations, develop robots with human-level versatility, and attract top talent from around the world to enhance its global capabilities. The company values diversity and offers compensation based on performance to its team members from different countries.

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