SoftBank is backing Japanese robotics startup Telexistence, making good on the tech giant’s recent pledge to go back on the investment offensive in light of the current AI hype.
Tokyo-based Telexistence said Thursday that it has raised $170 million (23 billion yen) in a Series B round of funding from SoftBank, Airbus Ventures, Monoful Partners, KDDI Open Innovation Fund, a fund set up by Foxconn and CTBC Financial Holdings, and Globis Capital Partners.
Founded in 2017, Telexistence develops AI-powered robotic arms for the retail and logistics industry. Last year, the company deployed its robots in 300 FamilyMart convenience stores across Japan.
The company …
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