Telexistence (TX), a robotics company, has successfully raised $170 million in a Series B funding round. The investment comes from a combination of follow-on investments from previous lead investors and new investors, including SoftBank Group Corp., HH-CTBC Partnership (Foxconn Co-GP Fund), and Globis Capital Partners. As part of the funding arrangement, TX has entered into a strategic business partnership with SoftBank Robotic Group Corp. (SBRG), a subsidiary of SoftBank Group, to facilitate global collaboration and accelerate commercialization in North America. Additionally, TX will collaborate with Foxconn to establish production technology for its next-generation robot, "GHOST," and enable mass production. With this funding, two new directors, Mr. Kenichi "Kent" Yoshida (SBRG) and Mr. Ryohei Nomoto (GCP), will join the company's board.
Since its establishment in 2017, TX has made significant progress, transitioning from research and development to deploying hundreds of its robots in various dynamic environments outside of factories on a commercial scale. In 2021, the company announced a partnership with FamilyMart, one of Japan's major convenience store chains, to deploy its robots in 300 FamilyMart stores.
Jin Tomioka, CEO of Telexistence, expressed enthusiasm about the company's new partners and their commitment to expanding robot operations and developing versatile robots that can perform tasks at a human-level. Tomioka highlighted the company's focus on attracting top talent from diverse backgrounds to enhance its global capabilities. He emphasized TX's belief in providing fair compensation based on performance, regardless of nationality, age, or length of tenure, and noted that the company's current team members come from 25 different countries.
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